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Battle Over Munis Moves to Senate

A bipartisan group of senators is pushing legislation that would enable municipal bonds to qualify for banks' capital requirements.

Senate legislation would place municipal bonds on the lowest rung of the “high quality liquid assets” category. That means they would be...…

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Muni borrowing costs jump as money market reforms loom

Key interest rate for short term municipal bonds have spiked from effectively zero to 70bps over the last few months.

The jump in Sifma’s rate will hit the $175bn market for variable rate demand notes (VRDNs), or shorter-dated debt carrying a floating...…

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California Suspends ‘Business Relationships’ With Wells Fargo

California, the nation's largest issuer of municipal bonds, has suspended Wells Fargo as an issuer for a period of twelve months.

"Wells Fargo’s venal abuse of its customers by secretly opening unauthorized, illegal accounts illegally extracted millions of dollars...…

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Quovo announces advisor dashboard

New York based FinTech Collective portfolio company has announced the release of their new Advisor Dashboard platform. The new dashboard...

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Direct Pay Online acquires PayGate

East Africa based online payments processor Direct Pay has acquired a majority stake in South Africa based online payment processor...

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Kyriba Corp secures $23m Series D

San Diego based SaaS treasury solution company Kyriba Corp has closed a $23m Series D funding round led by bpifrance. Kyriba is the...

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German insurance giant Allianz invests in online wealth manager MoneyFarm

Allianz has taken a minority stake in Italian digital wealth manager MoneyFarm as it seeks to keep track of the fintech sector.

Cofounder and chairman Paolo Galvani told Business Insider: "We started with the consideration that it's incredibly difficult for someone...…

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"Neighborly Bonds Challenge" winners announced

Burlington, Vermont is one of the five city winners of the contest that asked public agencies to give innovative proposals for investment...

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Captio secures €1m in venture funding

Barcelona based expenses management platform Captio has raised €1m in venture funding led by Sabadell Venture Capital. Captio helps...

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Paddle banks $3.2M for an ecommerce platform targeting SaaS startups

Paddle, a b2b ecommerce SaaS start-up announced a $3.2M Series A led by BGF Ventures, with participation from Spring Partners.

Paddle’s slightly less tortuous one-line pitch is that it’s a “platform for software companies to manage checkout, billing, customer...…

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Trunomi raises $3m in funding round

Bermudian-based Trunomi, led by founder and CEO Stuart Lacey, has created technology that can simplify the process of sharing personal...

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Estify raises $6.3m in new funding

Los Angeles auto insurance claims startup Estify has raised $6.3m in new funding led by Romulus Capital and ff Venture Capital. Estify...

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LendingClub Fund Has First Negative Month

A $700m LendingClub investment fund that's struggled with withdrawals this year posted a negative return for August, the first monthly...

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Gusto releases preview of new platform features

San Francisco based HR, payroll and benefits service Gusto has announced a series of updated platform features. This announcement follows...

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Brexit: Passporting is a two-way street

The UK’s Financial Conduct Authority reported this week that nearly 5,500 British registered financial institutions use “passports” to...

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MoneyLion launches in Malaysia

FinTech portfolio company MoneyLion is bringing its next-generation personal finance platform to Malaysia to help its consumers gain a...

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Inside the long hours at China's start-ups

Who needs sleep? What a waste of time! This mantra has become the norm at China's fastest growing startups who are competing fiercely on...

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Metromile raises $191.5m in equity funding

San Francisco based pay-per-mile insurance startup Metromile has secured a $103m Series D, led by SV Angel and Index Ventures. Metromile...

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Kameo secures $1.2m venture funding

Stockholm based small company loan platform Kameo has raised $1.2m in venture funding led by Norwegian investor Ola Heldal. 

“We started with the idea to lend to any small business owner, but now we have such a inflow from real estate, that we have chosen to...…

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OurCrowd raises $72m Series C

Israel based crowdfunding platform OurCrowd has raised $72m in Series C funding, with a target of reaching $100m. OurCrowd did not...

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Jojonomic raises $1.5m Venture Funding

Singapore based personal finance app Jojonomic has secured $1.5m in venture funding led by Maloekoe Ventures. The startup plans to use...

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Curve raises £2m in further seed funding

London based credit card startup Curve has raised £2m in further seed funding led by backers Connect Ventures, Paul Townsend and Samos...

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FinanceFox secures $28m Series A

Berlin based insurance management startup FinanceFox has closed a $28m Series A funding round led by Horizons Ventures. FinanceFox lets...

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P2P lending rediscovers balance sheet magic

Ratesetter, one of the UK's largest P2P lenders, has broken the magic of P2P by taking £2m of risk on to its own balance sheet in order...

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Hero FinCorp raises $105m in venture funding

New Delhi based small business financier Hero FinCorp has secures $105m in venture funding led by ChrysCapital and Credit Suisse. Hero...

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Cyence raises $40m in venture funding

California based cyber security insurance company Cyence has raised $40m in venture funding led by New Enterprise Associates. Cyence...

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Wall Street’s Insatiable Lust: Data, Data, Data

The WSJ profiles a new species that is prowling America’s most obscure industry conferences: the data hunter. The information ranges from...

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Fiduciary rule threatens fee base

According to the Financial Times, The U.S. Department of Labor's new fiduciary rule will force retirement advisers to shift the assets...

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Spaceship secures $1.6m seed funding

Sydney based mobile-only super fund Spaceship has raised $1.6m in seed funding led by Mike Cannon-Brookes. Spaceship is a mobile-only...

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Uno secures $16.5m Series A

Sydney based digital mortgage service Uno has raised $16.5m in Series A funding led by Westpac. Uno offers households the tools to...

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Creditplace secures $1.59m venture funding

Israel based investment tech company Creditplace has raised NIS6m ($1.59m) in venture funding led by controlling stakeholders Serge Aziza...

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Point raises $8.4m Series A

Palo Alto based home equity financing company Point has raised $8.4m in Series A funding led by Andreessen Horowitz, who also led the...

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Sourcery secures $5m venture funding

San Francisco based restaurant billing company Sourcery has raised $5m in venture funding led by Marker LLC. Sourcery allows restaurants...

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Income, Poverty, and Health Insurance in the United States in 2015

The 2015 Census report shows that the share of people without health insurance declined in 49 states relative to 2014.

While all States have seen increases in insurance coverage since the ACA’s major coverage provisions took effect in the beginning of...…

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Mobile money shakes up sheep trade in Senegal's Muslim feast

Reuters explores how mobile, cashless payments are making it easier for the sheep trade that supplies an annual Senegal tradition.

The government estimated that 700,000 sheep would be needed this year in Senegal, which is more than 90 percent Muslim. There are not...…

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M1 Finance secures $9m in venture funding

Chicago based automated investment tool M1 Finance has received $9m in venture funding from undisclosed investors. M1 Finance allows...

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Huddlestock secures $1.5m Seed Funding

Norway based crowd-trading platform Huddlestock has raised $1.5m in Seed Funding from undisclosed investors. Huddlestock allows users to...

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How to insure something that blows up once every twenty times you use it

Quartz explores the volatile industry of insuring rockets and satellites.

When a SpaceX Falcon 9 rocket burst into flames Sept. 1 during a pre-flight mishap, the satellite sitting on top was the more valuable...…

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Fusebill secures $6m Series A

Kanata, Ontario based automated invoicing service Fusebill has raised $6m in Series A funding led by ScaleUp Ventures and Langdell...

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Cermati raises $1.9m Series A

Indonesian based financial e-commerce platform has raised $1.9m of Series A funding led by East Ventures. Cermati is a platform for...

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Unilend secures €2.5 Million venture funding

France based SME p2p crowdlending startup Unilend has announced a €2.5m investment led by NewAlpha Asset Management. Launched in November...

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Brexit banks relocation risk

Vacancy rates for prime real estate space in the business districts of Paris, Frankfurt and Amsterdam are at the lowest levels in a...

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Lull in “fintech” funding observed

According to the Pulse of Fintech, investment in VC backed fintech companies fell by 24% in the U.S. and 50% globally during the second...

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WeLab raises $25 Million credit facility

Hong Kong based mobile lender WeLab has secured a $25m credit facility from previous investor ING Bank. WeLab creates seamless online and...

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Payworks secures $4.5m Series A

German credit card information processor Payworks has raised a $4.5 Million Series A round led by HW Capital and Rumford. Payworks plans...

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Divido secures £2.5 Million seed funding

UK based alternative payment startup Divido has raised £2.5m in second stage seed funding led by Mangrove Capital and DN Capital. Divido...

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The rise of indexing and the fall of costs

The "Vanguard Effect" has led the asset-weighted average expense ratio of all U.S. funds down to 61bps in 2015, down from 73bps in...

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With $8.5M fundraise, Cozy looks to hire, bolster its software

Portland based rental management software company Cozy has raised an $8.5m Series B led by American Family Ventures.

“We are sitting on a mountain of data that we currently aren’t utilizing,” Zahnd said. “We never had a product manager. We take a...…

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