Tagged: california

California Expected to Attempt Intrastate Crowdfunding Legislation Once Again

According to a note from Small Business California (SB Cal), the group that advocates on behalf of SMEs, SB Cal will be sponsoring legislation to improve access to capital via securities crowdfunding. This is not the first time that California has attempted to craft crowdfunding legislation… Read More

SALT Continues U.S. Expansion: Now Lending in California

Less than a week after announcing expansion into Washington D.C., Oklahoma, Arkansas, and Montana, SALT, a U.S.-based Blockchain-Backed Loans provider for cryptocurrency holders, announced it is now offering Blockchain-Backed Loans in California. As previously reported, SALT launched its lending platform in 2017 to offer membership-based borrowing allowing… Read More

Financial Research Platform Sentieo Secures $19 Million Through Series A Funding Round Led By Centana Growth Partners

Sentieo, a California-based financial research platform, announced on Tuesday it secured $19 million through its Series A funding round led by Centana Growth Partners, with participation from existing investors. Launched in 2015, Sentieo is described as a modern financial research platform, utilizing machine learning and… Read More

Insurtech Startup Jumpstart Launches: Now offering Natural Disaster Insurance in California

Insurtech startup Jumpstart announces the official launch of an innovative type of natural disaster insurance in California, initially for earthquakes. Founded in 2015, Jumpstart stated its technology-driven, index-based approach delivers instant signup, affordable coverage, and automatic payout. “Starting with the earthquake risk in California, our first-of-its-kind policy… Read More

Credit Karma Announces Expansion into Insurance; Launches Auto Insurance Offers in California & Texas

Credit Karma announced earlier this week it is now offering car insurance in Texas and California. Credit Karma’s members in those states are now able to see what they could be paying for auto insurance based on what members like them are paying for the same coverage…. Read More

BlockFi Moves into California: Now Issuing Cryptoasset-Backed Loans in Nearly 45 States

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On Monday, cryptoasset-to-USD lender BlockFi announced it is now serving customers in the state of California. The company reported that this California launch markets the expansion of its lending footprint to nearly 45 states. Founded in 2017, BlockFi describes itself as a secured non-bank lender that… Read More

Propy Executes Blockchain Property Deal in California

California blockchain startup Propy announced on Monday it executed its first blockchain property in California. According to Propy, the Bitcoin-to-Bitcoin sale of 10 acres of land in Southern California was processed through the Propy’s Transaction Platform and every step of the deal was executed through Ethereum smart… Read More

San Francisco Brewery & Distillery Seven Stills Launches Initial Can Offering Crowdfunding Campaign to Fund Flagship Location

Seven Stills Brewery and Distillery, a San Francisco producer of craft beer and small-batch whiskey distilled from beer, has launched its “Initial Can Offering investment round. The company is currently seeking $1 million for its upcoming flagship location and the “ICO” aims straight at its… Read More

Lendio Reports: Online Lender Facilitates More Than 5,000 Loans For California Small Businesses

Online small business lender Lendio announced on Thursday it has helped facilitate nearly $120 million in growth capital through more than 5,0000 to small businesses in the state of California. The lending platform has reportedly funded more loans in California than in any other state… Read More

Coinme Continues California Crypto ATM Expansion

Coinme, a financial services and blockchain technology company, announced on Thursday its latest deployment of eight new crypto ATMs in the state of California, bringing its total locations in the state to 23 ATMs. The company stated it offers Californians the ability to easily and… Read More

Enterprise Payments Platform Candex Secures $3.5 Million in Seed Funding

Candex, a California-based enterprise payments processor, announced last week it secured $3.5 million in seed funding from  Edenred Capital Partners, Partech Ventures, Advisors.Fund, Camp One Ventures, NFX, Tekton Ventures, Big Sur Ventures, and Mark Goines. As part of the round, Goines has joined Candex as… Read More

Azlo Launches New Digital Banking Platform For Freelancers & Self-Employees

Azlo, a California-based fintech, announced on Thursday the launch of its new digital banking platform for freelancers and self-employed workers. According to the company, customers will now have access to dedicated business banking services instantly online, with no fees, minimum balances or confusing conditions. While sharing… Read More

California Insurtech Indio Raises $6 Million Through Series A Funding Round Led By 8VC

Indio Technologies, a California-based insurtech platform for brokers, announced this week it has secured $6 million through its latest Series A, which was led by 8VC. The company, which was founded in 2016, describes itself as a technology platform that creates digital tools for traditional… Read More

Public Fintech Platform Neighborly Teams Up With UC Berkeley Blockchain Lab & Berkeley Elected Officials to Launch Berkeley Blockchain Initiative

Neighborly Corporation, a San Francisco-based public fintech platform, announced on Wednesday it is teaming up with the UC Berkeley Blockchain Lab, and Berkeley elected officials, to launch the Berkeley Blockchain Initiative (BBI). The BBI will leverage blockchain technology to develop a first-of-its-kind tokenized municipal bond compliant with all regulatory… Read More

Boustead Securities Appoints Robert Maley As New Senior Managing Director & Announces Plans to Open New York Office

On Monday, Boustead Securities, a California-based investment banking firm that advises clients on IPOs, mergers and acquisitions, capital raises, and restructuring assignments in a wide array of industries, geographies and transactions, and its affiliate, FinTech Clearing, announced it has appointed Robert Maley as its new senior managing… Read More

SoFi to Lay Off 5% of Employees

Earlier this week, online lending platform SoFi announced to its employees that, despite its successes in 2017, it will be laying off 65 employees (5% of its 1,300 workforce) in its mortgage-operations centers in Healdsburg, California and Cottonwood Heights, Utah. According to the Wall Street Journal,… Read More

Is California the State Where Crowdfunding Goes to Die? Maybe Not, as Intrastate Legislation Resurfaces

California is a state that has attempted to enact intrastate crowdfunding regulations multiple times. Honestly, I have lost count as to how many times bills have meandered their way through the Sacramento process. Three maybe four times? By now, I am uncertain. So is California… Read More

California Fintech Startup Zebit Appoints LendUp’s Former Head of Capital markets As New CFO

On Tuesday, California fintech Zebit announced it has appointed former LendUp Head of Capital Markets, Steve Lapin as its new Chief Financial Officer. According to the startup, Lapin has 15 years of experience in sourcing debt and equity investments, well as investor relations and financial… Read More

California Insurtech Hippo Secures $25 Million Through Series B Financing Round Led By Comcast Ventures & Fifth Wall

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Hippo, the California-based insurtech company that is transforming home insurance for savvy homeowners, announced on Monday it secured $25 million in Series B funding round, which was led by Comcast Ventures and Fifth Wall. The investment comes less than two weeks after Hippo announced it formed a strategic partnership with… Read More

California Fintech BlueVine Appoints Ana Sirbu as Chief Financial Officer

On Tuesday, California-based fintech BlueVine announced it has appointed Ana Sirbu as its new Chief Financial Officer. Sirbu joined BlueVine in April 2016 and was named Vice President of Finance and Capital Markets and has reportedly helped the company secure over $200 million in equity and debt financing in… Read More

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