Notes on financing the next billion

San Francisco PayJoy has closed $6M of new investment with strategic partners who will help PayJoy phone financing further expand internationally throughout Latin America, Asia, and Africa. The investment was led by Santander InnoVentures, the fintech venture capital fund of Santander Group, and ITOCHU Corporation, one of the largest Japanese…

PayJoy is delighted to announce $18M of new funding to help us bring mobile finance to the next billion. The raise includes an $8.5M Series A equity investment led by Union Square Ventures, $4M of venture debt from Western Technology Investment, and $5.7 M of private lending capital. Following $4M raised in 2015, this brings…

I spent some time late last week chatting with one of our earliest investors, John Dukellis. John is a Senior Director at PayPal and leads their next generation wallet offerings. We are privileged to be one of a few investments he has made, and to have access to his perspective and…

In America it seems like smartphones are ubiquitous. Everywhere you go, people are paying for their coffees, depositing checks, Snapchatting and Instagramming, and scheduling appointments from their phones. In fact, most people, when faced with the choice of choosing to give up their car, their laptop, or their smartphone, would…

The way we buy phones is changing. People in the mobile industry may be aware of these changes, but it is fair to say a lot of people aren’t. That’s because the process of paying for a phone is complex and often intentionally obtuse. Why care? The smartphone market is…

Today T-Mobile's CEO John Legere announced that 15 million customer records were breached on an Experian server connected with credit checks for device financing. The WSJ points out that records included names, birthdays, and social security numbers -- sufficient detail for any hacker to steal user's identities. It may be time…