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Chat app Line to raise $1.33BN via convertible bonds to double down on financial services – TechCrunch

Move over stickers and games: Japanese messaging app firm Line has announced it’s raising around 148.1 billion yen ($1.33BN) through convertible bonds to fund aggressive expansion into the financial services business, Reuters reports.  Line said it…



Costco now supports Apple Pay across all of its US stores – TechCrunch

Apple has landed a big new partner for Apple Pay in the U.S. after Costco began accepting the mobile payment service across 750 stores. The retailer plans to include support at its gas stations, but…


Facebook taps banks, but for chatbots not purchase data like Google – TechCrunch

Backlash swelled this morning after Facebook’s aspirations in financial services were blown out of proportion by a Wall Street Journal report that neglected how the social network already works with banks. Facebook spokesperson Elisabeth Diana…


The dramatic rise and fall of online P2P lending in China – TechCrunch

Editor’s note: This post originally appeared on TechNode, an editorial partner of TechCrunch based in China. When Emily Zhang was interning with a peer-to-peer (P2P) lending firm in the Summer of 2016, her main task…