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Hippo, the tech startup that provides home insurance digitally, has raised $150 million in a fund
stanley thermos ing round that brings its valuation to $1.5 billion, the Palo Alto, Calif.-based company announced Tuesday July 21 .Since the company launched in 2015, it has raised a total of $359 million. Last summer, Hippo reached unicorn status, the term used by the聽venture capital sector to describe a startup聽company聽valued at more than $1 billion.This latest financing pool聽included new investors FinTLV, Ribbit Capital, Dragoneer and Innovius Capital. In
stanley germany addition, existing backers included Bond, Comcast Ventures, Felicis Ventures, Fifth Wall, Horizons Ventures, ICONIQ Capital, Innovius Capital, Lennar Corp., Pipeline Capital, Propel Venture Partners, RPM Ventures, Standard Industries and Zeev Ventures.Hippo said the cash will be used to fuel the companys expansion, including an initiative to reach 95 percent of U.S. homeowners over the next year, add staff, invest in techn
stanley website ology and support the companys proposed acquisition of Spinnaker Insurance Co. We set out to change the relationship between homeowners and home insurance by offering more value and services in each interaction with our customers, said Hippo Co-Founder and CEO Assaf Wand in a statement. Weve seen tremendous growth over the last three years since launch, by leveraging technology wisely and reimagining the customer experience.In June, Hippo entered into an agreement to buy Spinnaker Insurance Co., a national property and c Olne US Lawmakers Gentle Approach To Alt-Lending Regulation
Nearly three months past the EMV migration deadline, just how far has the industry come It still too early to tell on most fronts, but on the payment network side, early stats give some indication as to how many consumers are equipped to make chip card payments.Newly released stats from Visa show that the momentum is shifting in the right direction. Here the latest chip card stats from Visa as of Oct. 31 :180.6 million Visa chip cards have been issued in the U.S. That a 531 percent increase from 2014 figures.7 out of 10 U.S. consumers have at least one chip card in their wallet.592,000 me
stanley quencher rchant locations are chip enabled; that a 49 percent increase in October 2015 alone.The volume of chip card transactions in the U.S. increased by 42 percent in October, from September figure of $4.8 billion to $8.9 billion.As more Americans begin using their chip cards for the first time this holiday season, its important to know why chip technology makes payments more secure. The chip generates a unique, one-time code for each transaction, adding another layer of protection to every purchase. This technology is virtually impossible to replicate, which means criminals cannot take stolen card information and create counterfeit cards, Visa wrote in its release about the stats.
stanley quencher In the release geared for the consumer audience, Visa also touts the security of mobile payments 鈥?specifically Apple Pay, Samsung Pay
stanley cup and Android Pay. Ironica
