payments

Wabi Sabi, Wesabe

One of the Personal Financial Management (PFM) favorites, Wesabe, is shutting its doors.  CEO Marc Hedlund wrote a doleful note to his users today.  Understandably in denial of shuttering his business, he euphemistically referred to the “discontinuing the Account Tab,” instead.  After five years and $4.7 million, all raised in…

Remit This

Entrepreneurs have tried to disintermediate the $300 billion-or so that immigrants send back home every year for quite some time.  Western Union and MoneyGram dominate the business and charge a lot.  Should be easy to cut out the middleman, right?  Wrong, although some new models are making a dent. Card…