Starling Bank intends to go public in two or three years; they are also eyeing breakeven by the end of...
AltFi reports on Starling’s progress in participating in the Bounce Back Loan program; so far they have received 18,000 applications...
In part two of AltFi’s interview with Starling Bank CEO Anne Boden she discussed how the bank is thriving through...
The company has raised its Series B round in an effort to expand the number of retail partners; Menlo Ventures led the equity portion of the investment with participation from Bessemer Venture Partners, and RRE Ventures, among others; Victory Park Capital is providing the debt facility; founded in 2014 the company provides a white label solution for retailers to offer financing to their customers; they compete directly with firms such as Affirm, PayPal Credit and Klarna. Source
Startup incubator Science is launching a blockchain incubation program, Science Blockchain, and will raise an ICO targeting $50 million to $100 million; the ICO will be SEC compliant as only accredited US investors will be able to participate; Mike Jones, founder and CEO of Science, tells the Wall Street Journal, "We believe that using an ICO as a vehicle and methodology for raising capital is the right way do it, it allows us to practice what you preach."; whether or not investors will make more money using this method of capital raising remains to be seen but the momentum in the blockchain space continues. Source
According to data from the FDIC as recently as 2017 about 17 percent of Black households and 14 percent of...
Stash has announced it is rolling out new features for its 3 million users; the app will now allow users...
Stash is now letting customers invest in single stocks as it looks to broaden their product offerings; the company allows customers to by portions of shares for a minimum of $5; the new offering allows investors to invest in single companies as opposed to single strategies as they have with themed ETFs; the average investor on Stash is 29 years old and has a household income of $45,000 a year. Source.
Stash is fresh off a $37mn series D that will see the company double in size and expand into other banking products; the company helps customers invest on behalf of their kids; the typical Stash customer is 29 and makes $50k a year, they help them get more control of their financial lives and invest; “We offer education for these users to help them build the right financial habits from day one, and that doesn’t just stop at investing,” said founder and president Ed Robinson to TearSheet. “Our mission is to help our users throughout their whole financial lives.” Source.
Stash has announced they have raised a $65 million Series E round; with the announcement the company has announced their...