Left to right: Remitly co-founders Josh Hug, Matt Oppenheimer and Shivash Gulati. (Remitly photo) Seattle-based money transfer company Remitly announced key financial results in its Form S-1 registration statement Monday afternoon, a major milestone on the road to becoming a publicly traded company. Remitly had sales of $ 257 million and a net loss of … Read more
Have a nice Friday this holiday weekend! I wish you all a happy, memorable day on Monday as we honor the women and men who lost their lives while serving in the military. Interesting fact (as reported by history.com): Memorial Day, which began in the years after the Civil War and became the official federal … Read more
The Xbox One on the left with the Xbox Series X and S on the right. Microsoft announced at a court visit this week that it didn’t and never made any money on unit sales for the Xbox. Every console is sold at a loss, and the profit from the project for Microsoft comes entirely … Read more
In just a few hours we will meet (virtually) in the Magic City in Miami. Since we first informed you about our new Spotlight series, we’ve received a ton of registrations and some amazing submissions for our pitch-off. The small event consists of three segments: Networking, Pitch-Off and Fireside Chat with Rebecca Danta, Managing Director … Read more
While mobile money apps have been slow to gain acceptance in the US, they’ve taken other nations like Sweden, China and especially Kenya by storm, enabling people for whom conventional banking has remained out of reach new ways to send, receive and invest their hard-earned cash. In Reimagining Money: Kenya in the Digital Finance Revolution, … Read more
Google parent company Alphabet has released its fourth quarter and fiscal 2020 results. The numbers are staggering. The company had sales of $ 56.9 billion for the quarter ended December 31. This corresponds to an increase of 23 percent over the 46.1 billion US dollars in the previous year. CFO Ruth Porat said in a … Read more