Articles about Finance

Opportunity zones are the tax shield tech wanted — but is it living up to expectations?

It’s been more than three years since a concept to encourage high-net worth Americans to invest in economically distressed areas… Read More

Geek of the Week: Tori Dunlap’s ‘First $100K’ turned into a movement to empower women financially

When Tori Dunlap was 9 years old, she started running her own business — a vending machine company, in which… Read More

Podcast

Big Tech’s big week: Historic antitrust hearing and record profits put industry giants in spotlight

Big Tech spent back-to-back days in the national spotlight this week between a long-anticipated Congressional hearing and second-quarter earnings reports.… Read More

New data reveals how consumer spending habits have changed since the coronavirus crisis began

Companies that offer digital services or sell goods online are seeing a huge surge in demand from customers under widespread… Read More

Amazon sales rise 26% to $75B; profits plunge 30%; Bezos calls crisis ‘hardest time we’ve ever faced’

Amazon’s net sales rose 26% to $75.5 billion in the first quarter, exceeding Wall Street’s expectations as people around the… Read More

Startup stimulus? How logjams and ethics are impacting federal loans for tech companies

A small business owner in Seattle waited nearly 12 hours to speak with a representative at her credit union, seeking… Read More

GeekWire Awards: Vote for the top funding deal amid a record 2019 for Pacific NW startups

Editor’s note: The GeekWire Awards are now virtual on July 23. Watch live below. Pacific Northwest entrepreneurs have long complained… Read More

Transparent Systems exits stealth mode with $22M in funding for blockchain-enabled instant payments

Transparent Systems announced its launch Wednesday following months of quiet fundraising and product development since the spinning out of Vulcan… Read More

Amazon reveals new details about its federal tax bill in shot across the bow at critics

Amazon disclosed new details about its U.S. taxes for 2019 in public financial documents and a blog post Friday morning,… Read More

Shield Compliance nabs $5M for cannabis banking platform

New funding: Seattle-based Shield Compliance raised $5 million in Series A funding to build out its platform that helps pot… Read More

Rising Pacific Northwest startups show that financial technology is about more than payments

Seattle-area startups are building fintech offerings centered around communities like churches, schools and foreign workers. Church fundraising tech startup Subsplash… Read More

Seattle startup Tomorrow raises more cash to help people create free wills and trusts

Ask just about any financial advisor and they’ll tell you that you should have a will — but more than… Read More

Will tech make realtors obsolete? Investors debate the future of real estate

The real estate industry has undergone dramatic shifts over the past few years thanks to tech companies such as Zillow… Read More

Remitly raises $135M and inks $85M credit line to grow remittance service, launch new products

TransferWise. WorldRemit. And now Remitly. Seattle-based Remitly announced a $220 million cash infusion late Tuesday, becoming the third mobile remittance… Read More

Uber driver protests ahead of IPO spell uncertain future for gig economy

Drivers around the world are striking and protesting Wednesday in response to Uber’s initial public offering in a dispute that… Read More

Possible Finance lands $30M credit facility, expands small dollar loan service to Texas

Possible Finance has access to another chunk of cash to supercharge growth of its mobile-only loan program. The Seattle startup… Read More

Ex-Microsoft managers launch Opportunity Zone fund, courting tech investors for real estate projects in low-income neighborhoods

Many Seattle tech workers are suddenly considering real estate investments, thanks to a new federal tax incentive. SmartCap Group says it’s… Read More

Apple lowers Q1 revenue guidance, blaming shortfall on weak Chinese economy and trade war

Apple CEO Tim Cook lowered guidance for his company’s first-quarter earnings on Wednesday, writing a letter to investors that cited… Read More

Remitly expands coverage for mobile remittance program to 40 countries, nears 1K employee mark

Remitly today announced a major expansion, expanding its mobile remittance service to 40 countries across the world. That’s up from… Read More

Uber reportedly files IPO paperwork, accelerating race with rival Lyft

Uber has filed preliminary documents to take the company public in 2019, with a goal of debuting in March or… Read More

Wealthy tech tycoons funnel gains into low-income ‘Opportunity Zones’ under new tax law

When Congress enacted sweeping changes to the tax code in 2017, Allen Alley paid close attention. The technology investor and former… Read More

Univ. of Washington launches fintech incubator with BECU in Seattle, unveils initial startups

The University of Washington’s innovation arm is partnering with the state’s largest non-profit credit union to launch a new fintech… Read More

How this startup is helping borrowers escape payday lending pitfalls

Around 70 million Americans have bad credit scores, which makes it expensive and often even impossible for them to get… Read More

Zillow acquires Mortgage Lenders of America, posts $325M in Q2 revenue, up 22%

Zillow Group is acquiring Mortgage Lenders of America in its quest to own more of the home buying process. The… Read More

Ex-Peach execs launch tech-powered escrow startup Modus to make home closing less ‘painful’

Alex Day had already been chatting about getting into real estate with his colleague, Jai Sim, at the lunch delivery… Read More

Lyft raises $600M in race to catch up with Uber

Lyft has raised a $600 million investment round led by Fidelity Management & Research, the company announced Wednesday. The fresh cash… Read More

Possible Finance launches with small, short-term loans designed for low-income borrowers

Tony Huang was inspired to create Possible Finance because “it’s so damn expensive to be poor.” The Seattle startup just launched… Read More

Expedia beats first quarter estimates with $2.5B in revenue, shares up 10%

Expedia Group generated $2.5 billion in revenue in the first quarter across all of its brands, and $27.2 billion in… Read More

The startup community is seriously sweating a stock option provision of the Senate tax bill

Update: The Senate removed the provision that would have taxed stock options at vesting, rather than exercising, in a revised version… Read More

Expedia posts 15% Q3 revenue increase in first quarter since CEO departed for Uber

Expedia posted $2.97 billion in revenue, a 15 percent increase over the same time last year in its third-quarter earnings report… Read More