News by FinTech Collective

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Coinbase Raises $300 Million, Cites Prospect of 'Thousands' of Crypto Assets

San Francisco based crpytocurrency exchange and brokerage has raised a $300m Series E at an $8b valuation, led by Tiger Global.

Coinbase, the most popular cryptocurrency exchange in the U.S., announced on Tuesday a massive Series E funding round that values the...…

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Lively Raises $11M in Series A Funding

San Francisco based health savings account (HSA) startup has raised an $11m Series A led by Costonoa Ventures.

The funding will allow Lively to accelerate its growth, expand its free consumer HSA offering, and further expand into the employer...…

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Algorand Raises $62M in Funding

Boston based blockchain and cryptocurrency built for business has raised $62m in equity investment by investors that included Union...

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Machine Learning Firm DataRobot Gets $100M to Automate Data Science

Boston based machine-learning-as-a-service platform has raised a $100m Series D led by Meritech and Sapphire Ventures.

Started in 2012, the company aims to automate much of the work of data scientists and make building predictive models easier for business...…

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PayPal backs emerging markets lender Tala

Los Angeles based mobile lender for emerging markets has received a strategic investment from Paypal.

LAS VEGAS (Reuters) - PayPal Inc Holdings Inc has made a strategic investment in Tala, a financial technology startup that lends to...…

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Fintech Startup Alpaca Unveils First Commission Free API Stock Broker For Automated Investing

San Mateo based API for investment automation raised a $3m Series Seed led by Global Brain, Archetype, and others.

Quantopian, a platform where freelance quantitative analysts develop, test, and use trading algorithms to buy and sell securities has...…

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Hummingbird raises Seed Round

San Francisco based platform for anti-money laundering has raised a $3m Series Seed led by Homebrew.

Hummingbird, a platform for anti-money laundering, raised $3 million in funding. Homebrew led the round, and was joined by investors...…

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FundGuard Launches Investment Management SaaS Platform and Secures $4 Million in Seed Funding

New York-based AI platform for investment funds raised a $4m Series Seed from Blumberg Capital and LionBird.

FundGuard helps asset managers, custodian banks and fund administrators manage investments across mutual funds, ETFs, separately managed...…

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What I loved about Paul Allen

From Bill Gates blog this week on the passing of Paul Allen... “I met Paul when I was in 7th grade, and it changed my life.”

In fact, Microsoft would never have happened without Paul. In December 1974, he and I were both living in the Boston area—he was working,...…

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Cryptocurrency wallet startup Cobo raises $13M Series A to enter the U.S. and Southeast Asia

Beijing based military grade cryptocurrency hardware wallet has raised $13m Series A led by DHVC and Wu Capital.

Cobo Vault, which will retail for $479, meets the MIL-STD-810G U.S. military standard for equipment, Cobo’s head of hardware Lixin Liu...…

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Blockchain Startup Adhara Snags $15M From Consensys

South African based multi-currency liquidity management startup has raised a $15m venture financing from Consensys.

The venture features a management team of banking and blockchain veterans. One of three co-founders, CEO Julio Faura, was founding chair...…

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The fintech ‘genius’ accused in $165m fraud

“Entrepreneur, Investor, Genius.” - A great FT read on Michael Gastauer CEO of WB21 who the SEC is now accusing of a $165m fraud.

The first defendant named in the SEC’s case is Roger Knox, a British citizen who lives in France. According to the SEC, Mr Knox was a...…

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PayActiv Raises $20M in Series B

California based provider of employment-based holistic financial wellness services  has raised $20m in Series B financing led by...

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Divvy raises from A16z

San Francisco fractional home ownership startup raised $30m in a mix of Series A equity and debt from Andreessen Horowitz .

“If a rent payment is missed, we will follow up to see how we can help,” says Ma. “Most of the time, it’s immediately curable or curable...…

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Square CFO steps down, shares fall

Payment company Square's chief financial officer Sarah Friar will step down and take a job as CEO of Nextdoor, resulting in the shares...

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Chinese Internet Giant Tencent Invests $180M In Brazil’s Fintech Start-Up Nubank

Brazil based digital credit card startup has raised $180m in venture financing at a $4b valuation from Tencent.

The investment is aimed at helping Nubank "build a full-service personal finance platform", said Tencent’s president Martin Lau in a...…

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Kooltra secures new funding round

Toronto based platform to streamline FX trading has raised $5m from Hyde Park, Round13, and Saleforce Ventures.

The legacy technology stack, manual processes and spreadsheets that have traditionally enabled FX operations are expensive, complicated...…

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Lumina Launches to Bridge Gap between Traditional Finance and Crypto

San Francisco based digital assets prime dealer for family offices and hedge funds raised $4 million in seed funding led by Craft Ventures.

Lumina helps family offices and hedge funds around the world gain exposure to cryptocurrencies and digital assets. Unlike trading with...…

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What a £1.2bn company looks like

The FT thumbs through the Funding Circle prospectus and notes that it has a long way to go to grow into its valuation.

At the close of play Wednesday the share price implied a market capitalisation of £1.2bn, or a valuation several times the revenues the...…

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