Payments

News Aggregation – Memo to Stripe, The Billion-Dollar Startups, Fargo tests voice-recognition, Payment News

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Payment News for today: 

1. Pando.com - Memo to Stripe: Winning the hearts of Valley startups is not winning payments.

 Earlier this week, news broke that payments company Stripe raised an $80 million Series C from Khosla Ventures, Sequoia Capital, and Founders Fund (Disclosure: Founders Fund is an investor in PandoDaily). This brings the startup’s total funding to $120 million, and its valuation to $1.75 billion, more than double what competitor Braintree sold to PayPal for in September. It’s big news, and the media coverage trumpeted the “lofty” funding as proof of Stripe’s “explosion of growth.”

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2. Graphics.wsj - The Billion-Dollar Startup Club

The Journal and Dow Jones VentureSource are tracking companies that are valued at $1 billion or more by venture-capital firms. The club is becoming less exclusive as venture capitalists funnel large sums of capital in the best startups. Today there are more than 30 such companies in the U.S., Europe and China. Click on the names below for company profiles, or sort by categories such as region, amount raised and valuation. (Published January 2014).

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3. Charlotteobserver - Wells Fargo tests voice-recognition mobile technology 

Imagine picking up your phone and being able to ask, “How much did I spend at restaurants last month?”

That scenario might be in the not-too-distant future. Wells Fargo has begun testing voice recognition technology that would break ground on how customers interact with their smartphones

Sourcelink for reading more

MEDICI Team

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