Monzo CEO Tom Blomfield started the bank in 2015 after a few stints at other fintech firms and a stop...
According to the WSJ, Credit Karma isn’t receiving any proceeds or issuing new shares as part of the deal; Silver Lake will instead be purchasing shares from early investors and employees in a secondary sale; the investment values the company around $4 billion; Credit Karma generated $500 million in revenue in 2016 and according to CEO Kenneth Lin they have been growing at a double-digit pace since; Credit Karma last raised money in 2015. Source
Former co-founder of the digital bank Simple, Shamir Karkal, is launching a new firm Sila to help connect banks to...
Digital banking startup Simple has had an up and down ride the last few years; they were bought by BBVA...
Small banks have faced a lot of headwinds in recent years with big bank competitors accelerating their massive budgets and...
Small banks are unable to put endless resources into projects to test new technologies and must be more strategic in...
In the last 5 years HarborOne Bancorp has converted from a credit union to a mutual bank, became 45 percent...
There is an intensifying battle for IT talent in banking and small banks need to start finding creative ways to...
Small banks have started to improve their digital experience and with this innovation comes a new set of issues; small...
Small banks are starting to look into new age core banking providers in a bid to stay competitive as big...