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Papaya raises $50M to give you a way to pay bills via its mobile app

TechCrunch LA

So I think it’s safe to say that any technology that can make the process easier is welcome by all. It has developed technology to give people a way to pay bills outside of traditional methods, such as through the mail, over the phone or via a Web portal. has been an anomaly, with only 3% of bills being paid by a mobile device.

Mobile 208
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Trace Gets Funding From Intel Capital

socalTECH

Los Angeles-based Trace , a developer of mobile apps which automatically track your sports activity using sensors, video, and artificial intelligence, has scored a round of investment from Intel Capital. Size of the funding round was not announced. READ MORE>>.

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EvoNexus Launches Fintech Incubator

socalTECH

San Diego-based startup incubator operator EvoNexus is launching a brand new, financial technology (Fintech) incubator, in a partnership with Royal Bank of Canada (RBC) and Franklin Templeton , the incubator announced this morning.

Incubator 133
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EvoNexus, UC San Diego Team On FinTech Efforts

socalTECH

EvoNexus says it is looking for fintech startups in the areas of artificial intelligence/machine learning, bank/wealth/payment technology, capital markets technology, cybersecurity, blockchain, mobile payments, P2P lending, digital cash, InsurTech, RegTech, data science and predictive behavior analytics.

San Diego 124
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EvoNexus Launches Fintech Startup Effort

socalTECH

San Diego- and Irvine-based startup incubator operator EvoNexus says it is looking to attract financial technology (fintech) startups, and is now accepting startup applications for a new financial technology incubator it has launched with Franklin Templeton and Royal Bank of Canada. READ MORE>>.

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Shamrock Capital Backs Pixellot In $30M Funding

socalTECH

Los Angeles-based private equity investor Shamrock Capital reports this morning that it has led a $30M investment in Pixellot , an Israeli firm developing automatic, artificial intelligence-driven software for producing streaming sports video. Pixellot has now raised more than $40M in funding.

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LA, and Southern California's Surge In Venture Capital Funds

socalTECH

Investment interests: Consumer Internet, eCommerce, enterprise software, cloud computing, financial technology, advertising technology. Managing Directors: Jeff Stibel, Kobe Bryant Investment interests: Focus on the convergence of technology, media and data (TMD), as well as in industries such as sports and wellness. Section 32.