A new report by CB Insights shows European banks are placing strategic bets across wealth management, lending, payments, regulatory technology and also blockchain. The data was compiled from from 2012 to Q2 2018. Source.
Happy State Bank in Texas started using digital tools in a bigger way starting in October when they partnered with...
Blend has signed new bank partnership agreements and announced fundraising of $100 million; the firm will partner with Wells Fargo and US Bancorp, providing its mortgage software to help improve the mortgage application process for the two large banks; concurrently, it has also completed a $100 million fundraising round led by Greylock Partners that will increase its value to approximately $500 million and allow it to potentially expand to other lending markets. Source
NYC-based, insurance software provider Namely has obtained $50 million in Series D funding; the company offers software services for human resources, payroll and benefits; its services are targeted for small to medium-sized businesses with 50 to 2,000 employees; they have recently been enhancing their software services to offer new features including daily employee interactions and company news feeds. Source
Ellevest is an investment platform focused on women; the firm is led by Sallie Krawcheck and recently raised $34.6 mn in a Series A round; the round was led by Rethink Impact with participation from a wide variety of investors including PSP Growth, Salesforce Ventures, CreditEase Fintech Investment Fund, LH Holdings, SK Impact Fund, Morningstar, Khosla Ventures, Mellody Hobson, Ulu Ventures, Contour Venture Partners and Astia Angels. Source
SoFi has filed for two index fund ETFs that will waive management fees for the first year; some industry experts...
JPMorgan Chase recently merged their business-to-business treasury services unit with its consumer-to-business merchant services unit in a bid to take...
Roofstock provides a marketplace for buyers and sellers of rental properties; the company is up to 35 employees and has now raised their Series C led by Canvas Ventures; TechCrunch published a short Q&A with their CEO Gary Beasley; while the company doesn’t disclose actual number of properties, they have facilitated “hundreds of millions of dollars in value this year alone” and now operate in 15 markets across the US. Source
With SoFi Money becoming live SoFi now offers a bank account they bill as a hybrid between a savings and...
Joy Schwartz, President of LendIt Fintech and Head of LendIt’s Global Women in Fintech Programs shares LendIt’s commitment to supporting...