EXCLUSIVE – If the future of banking is partnering with #fintech #startups, then finding the most innovative and efficient fintechs becomes crucial for #banks’ success. This demand has led to the rise of third-party run #accelerator programs. One such program is Little Rock, Ark.-based The Venture Center’s FinTech Accelerator program, which is backed by financial […]
Bank Innovation
Small business lending platform #Funding #Circle will be working with a traditional lender to fund #loans on its platform. The #fintech is partnering with #community #bank, #INTRUST Bank for this purpose, the companies announced yesterday. The partnership will consist of “several stages,” the first of which is funding small business loans for Funding Circle clients. […]
Bank Innovation
Insurtech #Lemonade has raised $ 120 million in new #funding for its mobile insurance platform, led by Japanese #technology investment firm #Softbank, the startup announced today. Lemonade, which provides home and renters insurances to users via mobile, will use the money to create new coverage products in 2018 as well as international expansion, according to the […]
Bank Innovation
EXCLUSIVE- Emerging markets-focused #money #transfer app #WorldRemit has raised another #round of #funding, bringing the total amount to $ 220 #million. The new Series C funding of $ 40 million was led by LeapFrog Investments, a PE firm that focuses on Asian and African markets. Other investors include California-based investment firms Accel and TCV, both of whom […]
Bank Innovation
U.K. challenger #bank, #Starling Bank, is looking to new #funding to expand its mobile-first banking service to additional countries, the company said today. The new round of funding—the aim is to #raise about $ 54 million, or £40 GBP—will be used to bring the product into European markets, according to the announcement. Ireland seems a logical […]
Bank Innovation
#Digital #mortgage #technology startup, #Blend, raised $ 100 million in a Series D round, bringing its total #funding to $ 166 million, the company said Thursday. The funding round was led by Menlo Park, California-based venture capital firm Greylock Partners. Other investors included Emergence Capital, 8VC, Lightspeed Venture Partners, and Nyca Partners. Based in San Francisco, Blend was established […]
Bank Innovation
This year could be the year that VC- backed #fintech #investment deals and #funding #reach an all-time #high. According to a report by CB Insights, released earlier this week, venture capital-backed fintech companies across the globe raised a total of $ 5.2 Billion across 251 deals in the second quarter of this year. This number reflects […]
Bank Innovation
New platform, new services, new data analytics, but same old #Stash. The micro-investing startup will be enhancing its platforms as well as building out new products and services thanks to the Series C round of #funding it announced today. What it won’t be doing with the influx of $ 40 million in fresh capital (bringing its […]
Bank Innovation
#Fintech financing is slowing from last year, but deals in hot sectors are still getting done. This week saw a mix of consumer and enterprise #funding in payments, investing, and cybersecurity. Here are the noteworthy #winners: Dashboard to the wealthy #Addepar raises $ 140 million. The startup co-founded by Palantir’s Joe Lonsdale is aiming to corner […]
Bank Innovation
Europe needs more #later #stage #funding if it is going to grow its #tech firms to billion euro unicorn scale, according to #Magister #Advisors‘ Victor Basta.
Tom Groenfeldt – Financial Technology
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