Sherpa Ventures Starts $150M Fundraising With $15M Infusion From TPG

Now the well-known Silicon Valley pair will have some walking-around money.
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Coming to Wall Street This Month: Quantum Dawn 2 — Cyberwar!

A sequel to 2011’s popular exercise, in which banks and federal agencies will attempt to deal with a simulated cyber attack. Probably no car chases, though.
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Think Ad Tech Is Hard to Understand? Try “Marketing Tech.” Terry Kawaja Wants to Help.

You’re gonna need a map. As luck would have it …
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bKash Offers Mobile Banking for Bangladesh, a Country With Few Bank Accounts

“Fundamentally, it’s designed for poor people.”
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Banks Make Smartphone Connection

Americans are growing increasingly comfortable using their mobile phones to conduct basic financial transactions, sending banks racing to offer new technology that will cut down on costly customer-service calls and branch visits.

Menlo Ventures’ Pishevar and Goldman’s Stanford to Found Sherpa, a Startup Aimed at Making New Startups

Can the pair carry the load for new companies?
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News Byte

mFoundry Acquired for $120 Million in Cash for Its Mobile Banking Tech

The original developer behind the Starbucks mobile application, mFoundry, has been acquired by FIS, which already owned a 22 percent stake in the company. FIS said it will pay $120 million in cash for the remaining stake, meaning the entire deal was worth around $165 million. Other investors in the nine-year-old company include MasterCard, Intel Capital, Motorola Mobility, PayPal, Bank of America and Ignition Partners. MFoundry had 850 clients, many of which were banks that deployed the company’s technology inside of their mobile apps.

Ribbit Capital Raises $100 Million With the Goal of Modernizing Money

Ribbit Capital’s motto is, “It takes money to change money.”
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GoBank: It’s a Real Bank, and It’s Made by Real Internet People

Lots of startup types go about their lives in search of something they can fix. “Banking!” they think. “Banking sucks!”
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Cyberwar in Iran Comes Home to U.S. Banks. Is Anyone Surprised?

At long last, Iran retaliates for the cyber campaign carried out against it.
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