Consumer Startups Are a Better Bet Than Enterprise Startups
We live in a consumer-driven economy—consumer spending accounts for two-thirds of the U.S. GDP. Yet Carta recently reported that just 7% of seed capital raised on the site last year went to consu...
UK Electronic-Money Company Transactive Systems to Cease Operations
Transactive Systems, an electronic-money company in the United Kingdom, is reportedly ceasing operations following the revocation of one of its licenses due to concerns about money laundering.
The com...
UK Committee Says Banks Closed 2.7% of Small Business Accounts
More than 140,000 business accounts in the United Kingdom were closed by major banks in the last year, according to the U.K. Parliament’s Treasury Committee.
That figure amounts to 2.7% of all acco...