U.S. startup sues France’s Orange over social calling app

(Reuters) – French telecom group Orange SA confirmed on Wednesday that it has been sued in California by San Francisco-based startup Telesocial in an intellectual property case, but said that the startup’s claims were unfounded. Orange said Telesocial has already taken the company to two French courts including the Paris Court of Appeal based on the same complaints, but in both cases the claims were rejected. “This reinforces our view that Telesocial’s complaints are totally lacking in merit,” the group said in an emailed statement

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Online lender OnDeck Capital’s shares soar in debut

By Neha Dimri (Reuters) – Shares of OnDeck Capital Inc rose as much as 40 percent in their market debut, underscoring investor appetite for startups using technology to disrupt traditional banking. The online lender’s shares touched a high of $28 amid heavy trading on Wednesday, valuing the company at about $1.85 billion

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Online lender OnDeck Capital’s shares soar in debut

By Neha Dimri (Reuters) – Shares of OnDeck Capital Inc rose as much as 40 percent in their market debut, underscoring investor appetite for startups using technology to disrupt traditional banking. The online lender’s shares touched a high of $28 amid heavy trading on Wednesday, valuing the company at about $1.85 billion. The company’s successful debut follows that of online loan marketplace LendingClub Corp, whose shares rose as much 67 percent in their debut last week.

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