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Tech giants are paying huge salaries for scarce A.I. talent

Nearly all big tech companies have an artificial intelligence project, and they are willing to pay experts millions of dollars to help...

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Stripe CEO Says Firm Is ‘Years Away’ From IPO

29yr old Patrick Collison, CEO and co-founder of Stripe, backed up his stance of being a long way from an IPO by noting that “We are not...

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SEC fines HR software startup Zenefits

The $980k fine is for not complying with certain regulations and making false and misleading statements to investors.  This is the...

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CVS Makes Blockbuster Aetna Bid

CVS is in discussions to buy Aetna for $66b following a report that Amazon has received a pharmacy-wholesaler licenses in a dozen states....

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Brazilian Fintech Nubank Offers Accounts for Transfers, Payments

Brazilian startup Nubank is expanding from credit cards into digital accounts allowing users to make transfers, pay bills and earn more...

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Germans save more than Brits — but they don’t invest

The Germans squirrel away almost a 10th of their gross household income. Brits, by contrast, are too busy racking up debt on car finance...

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Imagining a Brighter Future With Wunder, A Solar Investment Platform Shaping the Future of Our Energ

Portfolio Company Wunder CEO and Co-Founder Bryan Birsic chats with SIC about the factors behind the increased adoption of solar...

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Mastercard opens access to its blockchain tech

Mastercard has opened its permissioned blockchain to developed to build B2B payment solutions that address challenges of speed,...

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Fintech startup BUX raises €10.6M Series C Round led by Holtzbrinck Ventures

Amsterdam based stock trading platform BUX has raised a $10.6m Series C led by Holtzbrinck Ventures.

UX is a trading app for people with little or no experience of market trading. The startup claims that in fact 80% of its users had...…

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Russian and international funds team up to support “the ultimate personalization engine for banks”

London based data personalization startup DataSine has raised a €1m funding round led by Sistema VC, the VC arm of Russian conglomerate...

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Verrency announces Series A and global expansion

Australia based payments platform Verrency has announced a $15m Series A from an undisclosed investor.  

The Series A funding enables the company to capitalise on its successful growth and further expand international operations....…

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Countingup, a startup from founder of Clear Books, raises $750K to merge banking and accounting

UK based business banking startup Countingup has raised a $750k seed round led by Frontline Ventures.

Countingup, a startup from founder of Clear Books, raises ​$750K to merge banking and accounting

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Banco Sabadell and Investec lead £1.5 million round in Bud

UK based financial aggregation platform Bud has raised a 1.5m pound Series A led by Banco Sabadell and Investec

The fresh funding for the two-year old startup comes off the back of a recent agreement with HSBC in which 2000 customers of the bank's...…

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Credit Sesame rakes in over $42 mln

San Francisco based financial wellness company Credit Sesame has raised a $42m funding round led by Menlo Ventures and Inventus Capital.

Launched in 2011, Credit Sesame has attracted over 12 million members. The mobile and web solution provides consumers with tools to build...…

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SBI leads $2 million round in Jirnexu

Malaysia based full-stack financial services startup Jirnexu has raised a $2m Pre-Series B led by SBI Group.

Yuen Tuck Siew, CEO of Jirnexu said, “Since closing our Series A in March 2017, Jirnexu has continued to dominate the market, with our...…

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Goldman Sachs Loves Millennials and Engineers

About 50-60% of Goldman's workforce is now 30 or younger, and more than a quarter of its 36,000 employees are engineers.  Goldman...

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Current raises $5M for its debit card for teens that parents control with an app

New York based teenager focused debit card startup Current has raised a $5m Series A led by QED Investors.

Current also noted there are 30 million teens in the U.S., with 5 million aging into the demographic every year. And this generation is...…

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Uber introduces a credit card

Uber has announced the launch of a credit card in partnership with Barclays and Visa.  Unique features include the ability to apply...

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Jiko raises $7.7 million for debit card with cash back

Oakland based debit card banking startup Jiko has raised a $7.7m Series A led by Upfront Ventures and Social Capital.

Jiko calls itself a “personal bank,” although it operates differently than a traditional bank account. It’s not an FDIC-insured bank....…

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First Data to Acquire BluePay

First Data will purchase merchant payment processing company BluePay holdings, adding $19b of annual volume and more than 77,000...

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Zero raises $8.5 million for a credit card that functions like a debit card

San Francisco based modern banking startup Zero has raised a $8.5m Series A led by Eniac Ventures.

The card hasn’t launched yet, but the startup claims they’ve added 150,000 people to the wait list, in part because of the incentives to...…

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Consumer protection board releases data principles

Lowell Putnam, co-founder of portfolio company Quovo, comments on the new CFPB third party data access principles.  The principles...

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US homes are now more valuable than ever

Short supply, especially for low priced starter homes, has driven up home prices in recent months.  The median home value in the...

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J.P. Morgan to Buy Payments Firm WePay in First Major Fintech Acquisition

Chase has agreed to buy payments company WePay in the bank’s first sizable acquisition of a financial-technology startup.

The banking giant plans to roll out WePay’s technology to J.P. Morgan’s four million small-business customers, said Matt Kane, ...…

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Konfío raises $10 million in second round of financing led by IFC

Mexico based micro business loan platform Konfío has raised a $10m Series B led by QED Investors and the IFC.

Konfío launched its first product version in 2014; a term-loan with fixed installments and maximum loan amount of USD $50,000. With a...…

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Lending Club founder Renaud Laplanche opens up on his 'frustrating' exit and new startup Upgrade

Renaud Laplanche, cofounder of LendingClub has launched a new online lending startup, Upgrade to help people consolidate credit card debt...

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Blockchain Startup Digital Asset Raises $40 Million

New York based enterprise blockchain startup Digital Asset has raised a $110m funding round led by Jefferson River Capital, the family...

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Finova Financial Secures $102.5M in Funding

Florida based digital alternative banking platform Finova Financial has raised a $102.5m equity and credit funding round led by CoVenture.

he company intends to use the funds to continue expansion of its digital financial services products. Led by Gregory Keough, CEO,...…

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LendingHome Raises $57M in Series C-2 Funding

San Francisco based mortgage marketplace lender LendingHome raised a $57m Series C-2 round led by Sberbank and Noah Holdings.

The company also announced the close of the LendingHome Opportunity Fund II with $100 million in commitments from more than 40 investors...…

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Amberdata Raises $2 Million in Seed Financing and Gears for Launch

Palo Alto based blockchain monitoring, analyzing and securing platform Amberdata raised a $2m Seed financing from HWVP.  

Businesses are using smart contracts and decentralized applications to codify workflow into blockchains. As they tackle the complexities...…

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This NYC Startup Raised $11.7M to Take The Apartment Renting Process Out of the Stone Age

New York based rental lease guarantee provider TheGuarantors has raised a $11.7m Series A led by White Star Capital and Alven Capital.

What market you are targeting and how big is it? We’re targeting several segments of the U.S. property and casualty insurance and...…

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Cryptocurrency Hedge Funds Top 100 for First Time

Of the 110 funds, 84 were launched in 2017, 11 in 2016 and the remainder previously. Assets across the 110 funds rose to $2.2B

A rise from 55 funds at Aug. 29 to 110 funds at Oct. 18 comes as investors pile into the high-performing cryptocurrency market, which has...…

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Goldman Sachs asks for $30k for research post-Mifid II

The package gives access to a research portal for up to 10 users, and will include access to GS conferences - but talking to an Analyst...

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MIT pilots a program to issue diplomas on the blockchain

MIT has unveiled a pilot program where 111 graduates will have the option to receive their diplomas via an app, powered by blockchain...

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BlueVine takes in $130 mln

California based small business lender BlueVine has raised a $130m debt financing led by SIlicon Valley Bank and SunTrust Bank.

Including the latest investments, BlueVine, which was founded in 2013, has raised $273 million in funding, including $68 million in...…

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Amenity Analytics gathers $7.6 mln Series A

New York based text analytics platform provider   Amenity Analytics has raised a $7.6m Series A led by Intel Capital.

Amenity Analytics was co-founded in 2015 by finance industry veteran Nathaniel Storch, experienced technology executive Hedva Feldman and...…

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Israeli fintech startup PayKey raises $10 million to expand in Asia

Tel Aviv based social banking and P2P payments startup PayKey raised a $10m Series B led by MizMaa.

The new funds will be invested in global expansion, namely in the Asian market. Several of the investors in this round are Asian based...…

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Becoming The Universal Nexus For Alternative Investments

FinTech Collective portfolio company Artivest Founder and CEO James Waldinger gives a great interview with FA Mag on bringing innovation...

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Mastercard is testing instant payments at WeWork

Mastercard is currently testing a new technology at a SF WeWork location to allow customers to be automatically charged for the amount of...

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SecurityScorecard Secures $27.5 Million in Series C Round Led by NGP

New York based security risk rating company SecurityScorecard raised a $27.5m Series C led by Nokia Growth Partners.

"Our vision is to create a new language for how companies strategically address, collaborate on, and measure the cybersecurity posture of...…

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Down payment insurer ValueInsured raises $6.5 million to fund growth

Dallas based down payment insurer ValueInsured has raised a $6.5m funding round led by Everest Re Group.  

“We are thrilled to be building on our longstanding partnerships with Everest, a global reinsurer and HIIG, a prominent domestic property...…

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Amid Brazil’s persistent economic crisis, fintech startup GuiaBolso raises $39 million

Sao Paulo based personal finance platform GuiaBolso has raised a $39m Series D led by Vostok Emerging Finance.

Readers outside of Brazil can think of the company as a combination of U.S. services like Mint, Credit Karma and Lending Club, all rolled...…

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The Crypto World’s Fake Advisers

“Adviser” is being used too loosely by folks launching ICOs, in some cases adding people with no connection to the firm.

According to its website, Smartlands is a Cyprus-registered startup with a team that includes a variety of people from different parts of...…

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Goldman Sachs suffers an identity crisis

The humbling truth for Goldman is that US retail banking has become not only more reliable than investment banking, but more profitable....

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Five ways banks are using blockchain

Portfolio company Axoni gets some airtime in The FT this week as the newspaper digs into the 5 ways banks are are using blockchain.

In the US, DTCC is working with IBM, R3 and Axoni to shift post-trade clearing of single-name credit default swaps on to a blockchain...…

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Gurgaon based insurance startup RenewBuy gets $9.2 mn from Amicus

India based online insurance aggregator RenewBuy raised a $9.2m funding round from Amicus Capital.

“Given the size of the market, we see huge scope for continued growth and it was important to partner with a strong institutional partner...…

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It is easy to be brave from a safe distance

Interesting research paper on insider trading and geographic distance to the authorities. Not surprisingly, the SEC is more likely to...

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Cryptocurrency investing gets more formal

Serial tech entrepreneur Rick Marini is launching the first ever crypto fund-of-funds, further indicating the increasing demand across...

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Insurtech CoverWallet Secures $18.5 Million to Expand Small Business Insurance Platform

New York based digital business insurance agency CoverWallet raised an $18.5m Series B led by Foundation Capital.

Inaki Berenguer, co-founder and CEO of CoverWallet, welcomed Foundation Capital and Moldow to the company. “They share our assessment of...…

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Policybazaar raises $75m from existing, new investors at $500m valuation

India based online insurance comparison portal PolicyBazaar raised a $75m Series E led by Temasek and Tiger Global.

In 2015-16, sales at Policybazaar grew 30% to Rs109 crore while losses widened 72% to Rs110 crore. The company has not filed its numbers...…

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Electronics rental marketplace Grover raises $11.7 million in debt funding

Berlin based electronics rental marketplace Grover has raised $11.7m in debt financing from Varengold Bank.

According to the company, its subscription numbers have grown eight-fold over the last year. The new funding will be used to further grow...…

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Featurespace Raises £16.5m in Funding

Cambridge based machine-learning driven fraud prevention startup Featurespace has raised a £16.5m funding round led by Highland Europe

Led by Martina King, CEO, Featurespace Featurespace is an Adaptive Behavioural Analytics company that is addressing the fraud detection...…

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Can you really get the best deal from a robo mortgage broker?

The FT explores why some of the new simplified online mortgage brokers might not offer the best deal to a consumer. 

Banks such as Santander and NatWest and online brokers including Habito and Trussle are making strides in bringing what has been hitherto...…

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Open Banking is coming. Here's the very first glimpse

A giant change is coming for banking in the UK. Not Brexit, but Open Banking, the new directive that will require the largest UK banks to...

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This Is the Week Wall Street Went Nuts Over Cryptocurrencies

Analysts at bulge bracket Wall Street firms UBS, Citigroup and JPMorgan were all working hard this week keeping up with demand from...

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Eshares raises $42 million to manage equity compensation and investments

Palo Alto based equity management platform eShares raised a $42m Series C led by Menlo Ventures and Social Capital

Murphy said he invested in eShares because of its “vision about building the ownership graph, which makes it easier to track, value,...…

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Ireland’s Linked Finance raises £1.8m to fund expansion plans

Dublin based peer-to-peer lender Linked Finance has raised a £1.8m funding round led by Frontline Ventures.

Linked Finance said the proceeds from the fundraising will be used to boost its sales and marketing activity, with a wider strategic aim...…

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Why Fidelity Is Mining Bitcoin and Ethereum

Fidelity has revealed that the $2 trillion money manager has been mining Bitcoin and Ethereum for three years, with the goal of learning...

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Amazon Could be Your Lender, Too

Amazon has been engaging with banking regulators over the past two years and is rumored to be considering starting a consumer lending...

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Bill.com Raises $100m Funding Round

Palo Alto based payments company Bill.com has raised a $100m funding round led by JP Morgan and Temasek.  The latest investments...

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How MoneyLion thinks about the Equifax hack

Video of MoneyLion CEO Dee Choubey talking about working with only the best third-party data vendors and holding them to the highest...

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Guidewire acquiring P&C data science software firm Cyence

The carrier software provider will pay $275m to acquire Cyence, as it looks to move further into helping its P&C customers address...

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MoneyLion: saving money with AR

Great interview of MoneyLion CEO, Dee Choubey, set of the NYSE about how MoneyLion is bringing better borrowing and savings to the...

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HYPR raises $8 million to prevent another Equifax hack

New York based biometric security startup HYPR raised an $8m Series A round led by RRE Ventures.  

George Avetisov, CEO of HYPR, said that its clients include Fortune 500 companies across a variety of sectors, ranging from automotive...…

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Laurene Powell Jobs’ Emerson Collective invests in disruptive solar startup, Angaza

San Francisco based solar financing platform Angaza raised a $10.5m Series B led by Emerson Collective

Most of the 1.2 billion off-grid consumers across Sub-Saharan Africa, Asia, and Latin America live at the “bottom-of-the-pyramid,” which...…

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Roofstock, a marketplace for single-family homes with tenants, just closed on $35 million in new fun

Oakland based real estate marketplace platform Roofstock raised a $35m Series C led by Canvas Ventures.

TC: Where does Roofstock operate — in what markets? GB: We have listings in 15 markets across the U.S., each of which is unique and...…

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Stockpile Raises $30M in Series B Funding

Palo Alto based fractional share stock investing brokerage Stockpile raised $45m led by Fidelity.

Led by Avi Lele, founder and CEO, Stockpile allows customers to download the iPhone or Android app or visit stockpile.com to open a free...…

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Slice Raises $11.6M Series A to Scale its Digital Insurance Platform

New York based on-demand insurance platform Slice Labs raised a $11.6m Series A led by XL Innovate.

Since launching in 2016, Slice has fundamentally reimagined insurance from the ground up. The company has built a cloud-based insurance...…

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Singapore, Thailand Weigh E-Payment Alliance in Digital Push

Singapore and Thailand are discussing connecting their national digital payment systems to modernize the payment process for citizens....

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Trov - On-Demand Insurance Has Been Approved in California!

Trov, an on demand insurance platform has announced that it has been approved to offer insurance in California, bringing the company one...

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SalaryFinance closes £40 million investment round

UK based employee benefits and financial wellness startup SalaryFinance has raised a £40m venture financing led by Legal & General.

Enabled by this funding, SalaryFinance has launched its Financial Wellbeing Hub, the most comprehensive suite of financial education,...…

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Real estate startup FlyHomes raises $4M round led by Blue Nile founder Mark Vadon

Chicago based technology enabled real estate brokerage FlyHomes has raised a $4m venture financing led by Mark Vadon.

“Where traditional real estate brokers have all been generalists — agents market; they help clients buy houses; they tour houses; they...…

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Fintech Peer to Peer Lending Platform, Beehive, Raises $5m Investment

UAE based P2P lending platform Beehive has raised a $5m Series A led by Riyad TAQNIA Fund

To date, Beehive has successfully facilitated finance over $35 million (AED 130 million) to more than 200 business funding requests and...…

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The Future of Commercial Solar, Wunder Capital 5

FinTech Collective portfolio company Wunder Capital, an investment platform for solar projects, has announced the launch of the company's...

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Sumeru Leads $45M Growth Equity Round in Treasury Fintech Kyriba

New York based SaaS corporate treasury and financial management provider Kyriva has raised a $45m Series D led by Sumeru Equity Partners.

Founded in 2000 as a spin-out from the French financial supplier XRT, Kyriba moved its headquarters to San Diego in 2003 with the arrival...…

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Bloomberg offers cheaper chat to silence Symphony

After suffering a drop in terminal sales last year for only the 2nd time in its history Bloomberg is now offering cut-price subscriptions...

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IMF Head: Cryptocurrency Could Be the Future. Really.

Christine Lagarde sees a path ahead for cryptocurrency. In her speech this week "Central Banking and Fintech—A Brave New World?" ...

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Navient to Buy Fintech Firm Earnest for $155 Million

Navient will pay $155M in cash and plans to maintain the Earnest brand as a separate unit. This is not a great outcome for investors as...

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SoFi’s lawsuits don’t seem to be affecting its brand

Despite CEO Mike Cagney's resignation amidst sexual harassment lawsuits, SoFi's online sentiment expressed via social media and news...

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New crypto index to launch with backing from AngelList founder

Bitwise Asset Management is launching the Hold 10, a new passively managed index that will hold and weight the top 10 cyrptocurrencies by...

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Migration to cheaper products upends retirement market

A mass migration from pricey investment products to cheap alternatives has upended the asset management industry, forcing retirement...

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Worldpay joins £16.5 million funding round in Featurespace

UK based fraud prevention startup Featurespace raised a $21.6 million venture financing led by Highland Europe.

Featurespace’s real-time, ARIC™ platform uses Adaptive Behavioural Analytics to detect anomalies in individual behaviour for fraud and...…

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Insurance tech firm PremFina raises $36 million in debt and equity funding

UK based SaaS insurance broker platform PremFina raised a $36m equity and debt financing led by Rakuten Capital and Draper Espirit.

The new funds will be invested in developing its software product for insurance brokers and further internationalisation. PremFina...…

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Overstock Unit Starting an Exchange for Digital Coin Trading

Overstock.com, famous for being one of the first major retailers to accept bitcoin in 2014, has announced that it will form a digital...

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Fund Managers Put Their Money Where Their Mouths Are

Fidelity and AllianceBernstein, in response to low cost ETFs and passive management strategies, are experimenting with a new form of low...

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Have we reached peak crypto?

The Wu Tang Clan's Ghostface Killah has founded a cryptocurrency startup called Cream Capital, which has announced plans to raise $30m in...

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Ridesharing, digital payments tackled by insurtechs

Among the startups launching new products at this year's Insuretech Connect was portfolio company Embroker, which announced a new...

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