News by FinTech Collective

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Hippo raises $14m Series A

California based insuretech startup Hippo has announced $14m in Series A funding led by Horizons Ventures. Hippo offers direct to...

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CommLoan Raises $2.25 Million to Provide Consumers with Access to First, Only, Marketplace for Comme

Arizona based commercial mortgage lending startup CommLoan has raised $2.25m in seed funding, led by Social Leverage and ViaWest Group.

“CommLoan has built a distinctive platform designed specifically for the commercial real estate finance setting, improving the overall...…

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Bitcoin doesn’t care what Silicon Valley thinks—it’s trading at a 34-month high

Bitcoin has been trading north of $780 per coin, reaching levels not seen since 2013, when it traded over $1,100 per coin.

Bitcoin itself was riven by an internal dispute over how best to scale up its transaction capacity. As bold-faced names from bitcoin’s...…

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Hedge Fund Driven by Anonymous Ideas Gets New Investments

Numerai, the San Francisco based hedge fund built on machine learning, has closed a $6m Series A led by Union Square Ventures.

“This is likely the largest ensemble of stock market machine learning models in the world,” said Andy Weissman, a partner at Union Square...…

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NuBank raises $80m Series D

Brasil based digital finance startup NuBank has raised $80m in Series D funding led by DST Global. NuBank is the leading digital provider...

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KKR raises $711m for new fund

New York based asset management firm KKR has raised $711m for their new growth equity technology fund. The fund, entitled Next Generation...

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Chatbot popularity growing

According to new research conducted by Aspect Software Research, 44% of 1,000 adults ages 18-65 said that they would rather use a chatbot...

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Zenefits reports $200m loss

San Francisco based health insurance startup Zenefits lost $204.5m in the last fiscal year according to documents uncovered by buzzfeed....

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Trump invites tech leaders to talk after industry opposition

Oracle CEO Safra Catz will be among the business leaders and technologists who will attend the discussion next week.

The meeting is scheduled for 2 p.m. Dec. 14, with the agenda not yet decided, according to a copy of the invitation signed by Thiel,...…

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How to Hide $400 Million

A long form article from the NY Times unpicks how a wealthy businessman, who set out to divorce his wife, made his fortune vanish! The...

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NextCapital hires new CIO

Chicago based portfolio company NextCapital has appointed Matt Clink as Chief Investment Officer, the first in the company's history....

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Venezuela's currency now worth so little shopkeepers weigh vast piles of notes instead of counting t

Inflation in Venezuela is expected to reach 720 percent this year.  Some shopkeepers are now weighing rather than counting cash.

In 2014, plummeting global oil prices decimated Venezuela's economy. President Nicolás Maduro responded by fixing the official exchange...…

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