Business & Finance News

Check out the 60 fintech startups VCs are betting will be breakout hits

Erwin Oropesa 1 week ago

Hello everyone! Welcome to this weekly roundup of Business Insider stories from executive editor Matt Turner. Please subscribe to Business Insider here to get this newsletter in your inbox every Sunday.

2x1 fintech
2×1 fintech

Courtesy of Tusk Venture Partners; Accel; Lightspeed Venture Partners; Spark Capital; Yuqing Liu/Business Insider

Hello!

The financial-services industry is changing at a rapid clip, with fintechs addressing people’s needs among the big winners in the wake of the coronavirus, as Dan DeFrancesco and Shannen Balogh reported this week.

For example: 

Robinhood, which has seen massive growth as market volatility continues, is now valued at $8.3 billion after its most recent funding round in May. Meanwhile, other personal finance apps like Chime and Stash have also seen record sign-up numbers recently. 

With that in mind, Dan and Shannen polled 27 investors to discover the fintechs that are on the cusp of breaking out. While investors could pitch

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Centrica sells US business, Vodafone’s IPO plans, strong economic data

Erwin Oropesa 1 week ago
British Gas owner Centrica has agreed to sell-off its US energy business for $3.6bn (£2.87bn). Pic: PA
British Gas owner Centrica has agreed to sell-off its US energy business for $3.6bn (£2.87bn). Pic: PA

Here are the top business, market, and economic stories you should be watching today in the UK, Europe, and abroad:

Centrica (CNA.L), the owner of British Gas, has agreed to sell-off its US energy business for $3.6bn (£2.87bn) as part of a turnaround plan.

Centrica said on Friday it had agreed to sell its Houston-based subsidiary Direct Energy to NRG Energy (NRG) for $3.6bn in cash.

News of the deal sent Centrica’s share price surging over 35% at the open in London.

Centrica chief executive Chris O’Shea said the deal was part of plans “to become a simpler, leaner business” that was “focused on the UK and Ireland where we have leading market positions.”

Centrica acquired Direct Energy in 2000 for $912m in cash, giving the company its first

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Yahoo Finance’s Annual All Markets Summit Goes Completely Digital (Exclusive)

Erwin Oropesa 2 weeks ago

Yahoo Finance is making its annual All Markets Summit online-only amid the ongoing coronavirus pandemic, TheWrap can exclusively reveal.

The 2020 “All Markets Summit: Road to Recovery” will air at 5 p.m. ET Monday, October 26, entirely via livestream on Yahoo Finance, just as Warren Buffett’s Berkshire Hathaway shareholders meeting did in May.

On Tuesday, July 21, at 5 p.m. ET, the outlet will host a virtual one-hour special, “All Markets Summit Extra: Road to Recovery,” as a lead-up to the event. The special will discuss the re-opening of businesses, economic recovery and outlook, diversity and inclusion and generational opportunities in business.

Also Read: Yahoo Finance Delivers Most-Watched Berkshire Hathaway Shareholders Meeting Ever

Participants in the special include Anthony Scaramucci, founder SkyBridge Capital and former White House communications director; Arnold Donald, CEO of Carnival; Byron Alle, founder & CEO of Allen Media; Brian Chesky, CEO of AirBnB; Julie Sweet, CEO

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