Point72 Ventures led a $3 million round in a company called Extend which was announced today; it allows for business owners to share credit cards with employees and freelancers without giving them physical cards; Point72 also recently invested in Imperative Execution, a dark pool trading platform, “Say” which aims to improve the proxy voting process and DriveWealth. Source
The digital banking market continues to get more and more crowded as Stilt adds their name into a wide array...
Some of the biggest banks found themselves facing outages due to the unprecedented volume from people checking to see if...
LongFin is a microcap stock which rose 2600% after it debuted last week; the company announced last week it bought Ziddu.com, a blockchain micro-lending solutions provider; the stock has had more than a dozen trading halts after the price gains; LongFin plans to offer services to importers and exporters on the blockchain with the acquisition. Source
According to 2017 data from the FDIC 47 percent of Black Americans were underbanked, compared to 20 percent of white...
One of the major obstacles for fintech companies has been going state by state to get licensed; however, regulators are...
StreetShares is a marketplace lender focused on lending and investing for veterans; company has announced partnership with JPMorgan to launch the StreetShares Foundation which will promote veteran-owned businesses through a $10,000 monthly contribution from JPMorgan for veteran small business awards; StreetShares will manage the monthly veteran small business awards with the $10,000 divided between first, second and third place businesses each month; awards will be given based on public voting. Source
Today StreetShares announced a $23 million Series B round; it was led by a $20 million investment from Rotunda Capital Partners, LLC; $3 million came from existing investors; StreetShares offers small business loans and primarily focuses on veteran-owned businesses. Source
StreetShares provides loans for veteran-owned small businesses; following the California bizWin™ and VetBizWin™ initiatives, StreetShares has partnered with the Northern California Financial Development Corporation (Nor-Cal FDC) which will expand its business lending solutions with contract financing; Nor-Cal FDC is a licensed Financial Development Corporation and supports small business capital solutions for more than 3.6 million small businesses throughout California including a focus on companies in the San Francisco Bay Area and Silicon Valley. Source
Fintech startup StreetShares, who lends to military veterans, plans to launch a new business credit card for the same community;...