News by FinTech Collective

News by FinTech Collective

News by FinTech Collective Archive

CEO of Blockchain Startup Digital Asset Steps Down in Surprise Departure

Blythe Masters left JPMorgan Chase in 2014 to become CEO of Digital Asset Holdings. Now, three and a half years later she is stepping down.

It’s unclear, however, how much traction these projects have achieved. While blockchain technology has attracted enormous hype and...…

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Peter Thiel and Digital Currency Group Invest in Crypto Platform Layer1

San Francisco based crypto investment platform has raised a $2.1m Series Seed led by Peter Thiel and Digital Currency Group.

“We believe that the crypto investment company of the future will look radically different to status quo, with a clear focus on an...…

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Peter Thiel-Backed Electronic Brokerage Firm Tagomi Launches

New York based digital asset brokerage startup has raised $16m in venture financing led by Founders Fund

According to Chief Executive Officer of Tagomi, Jennifer Campbell, the company aims to ease the operational challenges related to trading...…

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Earnin raises $125 million for payday advance platform without fees

Palo Alto based employee cash advance platform has raised a $125m Series C led by Andreessen Horowitz.

Earnin, a startup that aims to help employees beat the “rigid paycheck” system and gain instant access to their earnings, has raised $125...…

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Revolut obtains banking license

Revolut's application for a European banking license has been approved by the European Central Bank.  Though the product is not...

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Kindur Makes Sense of Modern Retirement for Baby Boomers in Post-Pension Era

New York based post-retirement financial advice platform has raised a $9m Series A from Point72, Anthemis, and Clocktower.

"Throughout our careers, most of us get a paycheck, which we use to organize our financial lives. In retirement it stops, and things get...…

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TransferGo Raises $17.6M For X-Border Payments

London based international money transer startup has raised a $17.6m Series B led by Vostok Emerging Finance and Hard Yake.  

TransferGo recently launched a free international money transfer service. The company claims it doesn’t charge a transaction fee or mark...…

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TicketGuardian Secures $8 Million in Series A Funding

Los Angeles based live event ticket insurance startup has raised an $8m Series A led by American Family Ventures and IA Capital Group.

"This new injection of capital will enable us to grow our company, our services and our customer base," said TicketGuardian CEO and...…

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Clearbanc secures US $50M follow-on funding from Upper90

Toronto based ecommerce financing startup has raised a $50m debt facility from Upper90.

In the last four weeks alone, over 1,000 companies have reached out to Clearbanc representing a demand of up to $1 billion in capital....…

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Podcast 179: Lowell Putnam of Quovo

Lowell Putnam, CEO of portfolio company Quovo, discusses the data infrastructure his startup is building to enable services that help...

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Family offices become financial titans

Family offices are booming - the represent trillions in assets, and the biggest now compete with major venture capital and private equity...

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Announcing New Indices

Portfolio company Tradeblock has launched indices for EOS, Stellar, and Moneyo - to complement their existing suite of indices. ...

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Exclusive: Startup Raises $35 Million To Make 401(k) Fees Cheaper

San Francisco based 401(k) startup has raised a $35m Series C led by Tiger Global.

Guideline CEO Kevin Busque became an entrepreneur in 2008, after a six-year stint at IBM, when he cofounded freelance job site...…

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Robinhood launches checking and savings with an almost unheard-of 3% interest rate

In addition to the 3% yield, Robinhood customers will have access to 75k ATMs and around-the-clock customer service.  

Meanwhile, these competing startups—many of which started with one standout product—have continued to expand in such a way that they’re...…

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ShopKeep Announces $65 Million Financing to Fund Company’s Expansion and Accelerate Growth

New York based mobile point of sale startup has raised $65m in equity and debt financing led by Tribeca Venture Partners.

With small businesses across the U.S. accelerating their adoption of modern cloud-based point-of-sale and payment processing solutions,...…

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Fidelity, Nasdaq Ventures invest in cryptocurrency exchange ErisX

Chicago based crypto spot and futures exchange has raised $27.5m from Fidelity and Nasdaq Ventures.

The investments will be used to hire staff and “build out our infrastructure and secure the appropriate steps are taken to develop a...…

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Cryptopia In Crisis: Joe Lubin’s Ethereum Experiment Is A Mess. How Long Will He Prop It Up?

If Lubin is still a billionaire, he may be able to sustain ConsenSys for several years—even at its $100 million-plus annual burn rate.

When worried staffers have questioned Lubin about ConsenSys’ sustainability, Lubin has always had a pat reply: “Joe would say, ‘This is...…

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Four Days Trapped at Sea With Crypto’s Nouveau Riche

Funny long form read of a four-day Mediterranean cruise with hundreds of crypto-crazed investors and evangelists

The only genuinely happy person I meet on this trip is Femi, a forklift driver from Birmingham who wears a Dogecoin T-shirt and proudly...…

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CUNA Mutual announces acquisition of Mirador

Cuna Mutual Group has acquired Portland-based digital lending platform Mirador for an undisclosed amount. Mirador helps banks and credit...

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LearnLux locks in $2 mln seed

Boston based digital financial wellness platform has raised a $2m Series Seed for Sound Ventures, Marc Benioff, Underscore VC, and Former...

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Vagaro Raises $63 Million in Growth Equity Led by FTV Capital

California based business management platform for the salon, spa and fitness industry raised $63m in growth equity led by FTV.

Vagaro’s platform successfully meets the needs of a digital-first, productivity-focused millennial generation by providing salon, spa and...…

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Forge.AI raises $11M to turn text into algorithm-ready data

Boston-based unstructured data analysis platform has raised an $11m Series B led by Underscore VC.

The co-founders have history at a pair of successful Boston startups and the research center MITRE.

MAPPING THE AI TOOLCHAIN

Blumberg Capital provides a thorough overview on the companies leading the charge for developing infrastructure that will democratize AI....

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KKR leads $100 million investment round in Cross River Bank

New Jersey based bank-as-a-service platform has raised a $100m financing led by KKR.

Cross River is a New Jersey-chartered community bank that was founded in 2008 and is best known for partnering with fintech startups...…

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Vestwell Inks a Deal With BNY Mellon

Portfolio company Vestwell and BNY Mellon have announced they are collaborating on a platform for state-sponsored retirement savings...

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Regulatory Year in Review

Peter Kennedy, ERISA Advisor for portfolio company Vestwell, reviews the key regulatory changes in 2018 that impacted the retirement...

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