Bank Innovation

MARCH 9, 2018

EXCLUSIVE - On March 6 in San Francisco, 12 impressive startups demoed their latest in fintech technology at INV Fitnech's 2nd annual demo day. INV Fintech, the sister accelerator to Bank Innovation, is partnered with Fiserv and eight banking partners with over $3 trillion dollars in assets.

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PYMNTS

JUNE 15, 2017

Momentum Machines introduced its fully autonomous burger bot in 2012, and now, with news of an $18 million venture capital funding round , it’s one step closer to opening its flagship San Francisco restaurant based around the prototype, which has been in the works since June of last year. What does that even mean?

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Bank Innovation

SEPTEMBER 30, 2019

The new financing will help Digit grow its user base; hire new talent in San Francisco; and grow its core product, a spokesperson for the company said. Digit, a personal finance app that helps users save automatically, raised $27.5 million in Series C funding on Monday. To date, Digit has raised over $63.8 million in […].

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Payments Dive

APRIL 21, 2023

“Payments solutions reach scale when they provide better usability, affordability, and security,” write partners at a San Francisco venture capital firm.

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PYMNTS

AUGUST 11, 2020

The latest infusion of cash came from TSG Consumer Partners , a San Francisco-based private equity company. Other investors included Menlo Park, California-based TCV and Index Ventures , the global venture capital firm with dual headquarters in San Francisco and London, along with half a dozen others.

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Bank Innovation

DECEMBER 12, 2017

Investors in this round included Kholsa Ventures’ Keith Rabois, General Catalyst’s Hemant Taneja, Blockchain Capital, Naval Ravikant, Suna Said, Adam Ludwin, Adam Nash and Elad Gil. Based in San Francisco, Bitwise is an investing fund that focuses on the top 10 cryptocurrencies by market […].

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PYMNTS

JULY 24, 2020

The latest infusion of cash comes from TSG Consumer Partners , a San Francisco-based private equity company, TechCrunch reported. Revolut is also backed by Index Ventures, the global venture capital firm with dual headquarters in San Francisco and London, and a half dozen others.

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PYMNTS

SEPTEMBER 22, 2020

The San Francisco-based company said the infusion of new cash will be used to reinvent its web product and expand the platform overseas. . IRL , or In Real Life, the social calendar startup created to help users meet over shared experiences, announced a $16 million Series B funding round on Tuesday (Sept.

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Bank Innovation

MARCH 7, 2018

EXCLUSIVE (SAN FRANCISCO) -- Welcome back to the fintech boom. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck. But the fintech market has rebounded.

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PYMNTS

MARCH 19, 2020

The Utah Department of Financial Institutions still has to issues approvals to the San Francisco-based FinTech. One of the conditions would require the proposed bank to maintain levels of capital that are significantly higher than typical FDIC-insured banks,” FDIC Chairman Jelena McWilliams said a statement. Square, Inc.

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PYMNTS

JUNE 15, 2020

Square Capital LLC processed more than $820 million in Small Business Administration (SBA) Paycheck Protection Program (PPP) forgivable loans in six weeks, the firm reported. The San Francisco-based division of Square Inc., Last year, Square Capital did $2.3 billion in business loan volume. months’ worth of that volume.

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Bank Innovation

MARCH 29, 2018

In fact, all four panelists on “Where and How to Invest in Fintech Now,” at Bank Innovation 2018 in San Francisco, unanimously dismissed investing in ICOs. Like many others, venture capitalists are skeptical about investing in Initial Coin Offerings (ICOs). ICOs are rapidly falling in popularity.

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PYMNTS

MARCH 6, 2020

San Francisco-based Empower Finance, a mobile banking app aimed at helping millennials save wealth, has raised $20 million in a Series A funding round led by Defy Ventures and Icon Ventures, according to a report. The company, which was founded in 2017, is run by a former Sequoia Capital partner named Warren Hogarth.

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PYMNTS

AUGUST 21, 2020

“Defendants have unreasonably and unlawfully attempted to capitalize on Citibank’s unfortunate error,” the complaint said. million from HPS Investment Partners LLC, the New York based capital solutions company, and $109.7 million from Symphony Asset Management LLC, the San Francisco research, valuation and risk analysis firm.

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Bank Innovation

FEBRUARY 27, 2018

Bank Innovation 2018 will take place March 5-6 in San Francisco. EXCLUSIVE — Melissa Widner, General Partner at NAB (National Australia Bank) Ventures, has joined the speaker faculty for Bank Innovation 2018. Prior to NAB Ventures, Widner led two companies as CEO to successful acquisitions that provided over a 10X return to investors.

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PYMNTS

APRIL 13, 2020

Square Capital announced Monday (April 13) it’s the latest FinTech to participate in the federal Paycheck Protection Program (PPP). Square Capital joins PayPal in being able to distribute PPP loans. Small Business Administration loans and will collaborate with Celtic Bank of Salt Lake City to launch its program this week.

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Bank Innovation

JUNE 19, 2019

The Series C funding round, led by Andreessen Horowitz, will help the San Francisco-based company hire more engineers to help build out more products, according to Erica Dorfman, Tally’s head of finance and operations. […].

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PYMNTS

JANUARY 30, 2020

Aurora, with logistical operations currently in Palo Alto, Pittsburgh, and San Francisco, has approximately a dozen self-driving vehicles used for testing on American public roads. 620 million has been financed to date, with Sequoia Capital, Amazon, and T. Rowe Price Associates contributing.

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PYMNTS

MAY 22, 2017

Menlo Ventures , the Silicon Valley venture capital firm, closed a new $450 million venture capital fund aimed at investing in early stage companies focused in the consumer, enterprise and so-called frontier technologies markets. The move is designed to put the VCs closer to where the action is.

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PYMNTS

JANUARY 13, 2021

The aim of the Starbucks Community Resilience Fund is to support SMBs in areas “with historically limited access to capital,” the release said, to promote racial equality and environmental resilience. Access to capital is especially important amid worries of a second lockdown.

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PYMNTS

DECEMBER 21, 2020

The round was led by General Atlantic and WestCap , and existing investors Activant Capital and Tribe Capital also participated. Bolt was founded in 2014 in San Francisco and works on tools to streamline web transactions. The round saw the company's valuation hit over $215 million.

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PYMNTS

DECEMBER 7, 2020

Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut on the stock market. The news reveals CEO Anthony Noto 's aspirations to go public after he succeeded SoFi Co-Founder Mike Cagney in 2018. SoFi was valued at $4.8

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PYMNTS

DECEMBER 15, 2020

billion and gave it an implied market capitalization of $14 billion. Wish, which is based in San Francisco and was founded in 2010 by ex-Google engineer Peter Szulczewski, runs an online marketplace known largely for selling discounted items from China. This helped Wish raise $1.1 The company said it made over $1.7

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Bank Innovation

FEBRUARY 18, 2019

Aura, a San Francisco-based fintech offering affordable loans to low to moderate-income households, wants to partner with banks to offer those loans to consumers who have traditionally been unable to secure them from larger institutions.

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PYMNTS

MARCH 31, 2020

San Francisco-based Princeville Capital has announced a $50 million investment in Russian online retailer Ozon, which is partly owned by the Russian-based conglomerate Sistema. Ozon said Emmanuel DeSousa, managing partner at Princeville Capital, joined its board following the transaction.

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PYMNTS

MAY 27, 2020

Meeting all three of these goals would require vast capital, and Zoox lacks the automotive partners that facilitate other startups like Cruise (GM) or Argo AI (Volkswagen and Ford). Amazon has established a team devoted to driverless vehicle technology.

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Bank Innovation

SEPTEMBER 4, 2019

Credit Sesame, the San Francisco-based credit score monitoring and advice platform, is building out its AI-based credit management tools with the help of a major fundraising round last week.

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PYMNTS

JUNE 29, 2020

In late March, PYMNTS reported Princeville Capital of San Francisco made a $50 million investment in Ozon. Emmanuel DeSousa, managing partner at Princeville Capital, joined its board following the transaction. Sources told Reuters Sberbank , Russia’s largest lender, has been in talks to buy a large stake.

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PYMNTS

SEPTEMBER 13, 2020

Opendoor , a San Francisco-based startup that offers a one-stop-shop for buying and selling real estate, is negotiating to go public with a California blank-check company, Bloomberg reported. Opendoor is in advanced talks with Social Capital Hedosophia Holdings Corp. II, according to Bloomberg sources. On Friday (Sept.

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Bank Innovation

AUGUST 2, 2019

Nyca Partners has closed on $210 million for its third investment fund, a vehicle that will let it continue to support the growth of fintech innovation, David Sica, partner at the New York- and San Francisco-based venture firm, told Bank Innovation. “I think there’s still a lot of opportunity,” Sica said.

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PYMNTS

JANUARY 30, 2020

Tencent is a global technology company based in Shenzhen, China, and Dragoneer is an investment firm based in San Francisco. Farfetch will use the capital to continue growing and expanding into new markets, particularly China. Each company will purchase $125 million of the notes. “I

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PYMNTS

JANUARY 30, 2019

Stripe, the San Francisco digital payments startup, has landed a $100 million investment from Tiger Global Management, boosting its valuation above $20 billion. According to a report in CNBC , citing The Information, with the $100 million investment by Tiger Global Management , Stripe now has a valuation of $22.5

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PYMNTS

MARCH 5, 2019

According to a report in CNBC , the San Francisco startup said the Series D round of venture funding was led by DST Global , as well as new investors Coatue, General Atlantic, ICONIQ Capital and Dragoneer Investment Group. Chime isn’t the only challenger bank to raise capital in recent months. now has a valuation of $1.5

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PYMNTS

MARCH 19, 2019

Santander InnoVentures, Santander Group’s global corporate venture capital fund, announced Tuesday (March 19) its appointment of Chris Gottschalk as a senior adviser to lead the $200M fund’s strategic direction in the U.S. Prior to Blumberg, Gottschalk worked at Menlo Ventures.

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PYMNTS

APRIL 8, 2019

Facebook Co-founder Eduardo Saverin has closed out $406 million for B Capital, his venture capital fund, according to a report. B Capital’s first fund close was in last February for $360 million, and consulting firm BCG was a major backer. Saverin is known for his Facebook connection, but he has since renounced his U.S.

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Abrigo

AUGUST 30, 2024

Prepare now for potential changes to FHLBs Capital rules and membership criteria are among the areas where banks could see changes in how the Federal Home Loan Bank system operates. Takeaway 2 Reform moves are stemming from actions of the FHFA against the San Francisco and New York FHLBs.

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PYMNTS

MAY 20, 2020

San Francisco-based Tonal — which offers a $2,995 exercise station with subscription-based workouts — is looking for more funding as the COVID-19 crisis upends the world of exercise. Discussions are taking place with Connecticut-based L Catterton, which was a key player in Tonal’s $45 million venture capital funding round in 2019.

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