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Social Capital’s Palihapitiya On What’s Wrong With Social Media

CB Insights

Following 48 hours of media attention for his contentious comments about social media “ripping apart the social fabric of how society works,” the Social Capital co-founder and former Facebook exec discussed his take on stage Wednesday at CB Insights’ A-ha! Chamath Palihapitiya isn’t backing down. conference.

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SME Optimism Waning In Election Season, Says Capital One

PYMNTS

The latest findings from Capital One’s Spark Business Barometer found a significant decline in small business optimism this year compared to their sentiments this time last year, reports said on Monday (May 2). Capital One did uncover good news, however. The economy may be in recovery, but small businesses in the U.S.

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ZeroFOX Notches $74M To Tackle Cyberattacks

PYMNTS

Cybersecurity firm ZeroFOX closed a $74 million funding round led by Intel Capital that will be used to advance cyberattack detection and remediation, VentureBeat reported on Thursday (Feb. Existing investors NEA, Highland Capital Partners, Redline Capital Management, Hercules Capital and Core Capital also participated in the funding round.

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DEMOvation Finalists for Bank Innovation 2016 Announced

Bank Innovation

The panel of judges — Scarlett Sieber of BBVA; Sam Maule of Carlisle & Gallagher; Ryan Falvey of the Center for Financial Services Innovation; Matt Wilcox of Fiserv; and Phil Ryan of Bank Innovation — will decide which company is worthy of the “Best in Show” DEMOvation crown at Bank Innovation 2016.

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2016 Innovators to Watch: 1 to 5

Bank Innovation

Lucy Peng, CEO, Ant Financial Ant’s latest fundraising round – the largest ever anywhere – of $4.5 billion, and its overall valuation of more than $60 billion, have turned the Alibaba spinoff into one of the most valuable private tech companies in the world. Launched in 2014, Ant Financial Read More.

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Best New Financial Apps 2016, The List

Bank Innovation

Robinhood: On Target Launched in December 2014, Robinhood is a zero-fee stock trading app that quickly gained popularity among financially ambitious millennials. Robinhood was paid the enormous compliment of having “cracked the millennial code” by none other than Jay Sidhu, CEO of Customers Bank and founder of BankMobile.

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WeTravel Lands Seed Money For Entrepreneurial Travel Organizers

PYMNTS

WeTravel launched in 2016 as a payment platform to help enterprising travelers and small travel companies collect money when they organize their own travel itineraries for friends or other groups. The platform then enables them to collect payments for that trip and promote it on social media, email and other channels.