Tagged: california

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

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

GSVLabs Launches Boston Hub & Announces Winners of the Boston Startup Challenge

California-based startups innovation hub GSVlabs announced on Thursday the launch of its new Boston platform. This news comes just a few months after the hub sought growth funding through its equity crowdfunding campaign on Indiegogo/Microventures. As previously reported, GSVlabs was founded in 2012 and engages with startups, corporations, international… Read More

Third Annual Crowd Invest Summit West Set to Take Place in May 2018 at the Los Angeles Convention Center

On Monday, organizers of the third annual Crowd Invest Summit West announced the Summit is set to take place on May 1st through the 2nd at the Los Angeles Convention Center. The summit will feature an agenda of events that are equity crowdfunding themes including investment… Read More

Naked Wines Launches Fundraising Efforts for California Wildfires Relief

Following the devastating wildfires that have claimed the lives of more than 30 people and have destroyed miles of land in Northern California, Naked Wines has launched fundraising efforts for the wineries and vineyards affected by the natural disaster. “Since Sunday, October 8th, catastrophic fires have… Read More

GoFundMe Dedicates Crowdfunding Section to California Wildfire Relief

On Wednesday, global crowdfunding platform GoFundMe announced it has dedicated a crowdfunding to those affected by the wildfires in California. The funding portal stated that each initiative is under the GoFundMe Guarantee, which ensures that all funds go to the right place. It was revealed: “It’s… Read More

Online Lending Association Opposes California Legislation to Cap Interest Rates

The Online Lenders Alliance (OLA) has sent a letter to the California Assembly Apparitions Committee stating their “strong opposition” to AB 784.  This bill, if enacted into law, will set a rate cap for consumer loans between $300 and $5000.  OLA states this legislation has… Read More

Kickstarter Set to Bring More Than 100 Funded Projects to the 2017 Bay Area Maker Faire

On Friday, crowdfunding giant Kickstarter announced it is set to bring over 100 funded projects to the 2017 Maker Faire, which will be held May 19th through the 21st in San Mateo, California. Maker Faire describes itself as a family-friendly festival of invention, creativity and resourcefulness, and… Read More

Insurtech Startup Lemonade Now Available in California

Lemonade, a new spin on providing insurance, has announced it has received regulatory approval in California and is now available for homeowners to purchase insurance online. The Insurtech firm is now operating in three states including New York and Illinois. Lemonade said that launching in… Read More

Renewable Hydrogen For Electric Vehicles Supplier HyGen Industries Seeks Funds Under Regulation A+ Rules on StartEngine

HyGen Industries, Inc. a California-based company that supplies clean renewable hydrogen for fuel cell electric vehicles, announced on Friday it launched a crowdfunding offering on StartEngine to raise funds under Regulation A+ Tier 2. The company reported that this offering news comes just after it… Read More

GoFundMe Verifies Several Campaigns Dedicated to San Diego Pool Party Shooting

Following the shooting at a pool party in San Diego that left one person dead and injured six others, GoFundMe announced that several campaigns have been launched on its crowdfunding platform to help those involved in the tragic event. The funding portal revealed on Wednesday… Read More

Insurtech Startup Hippo Insurance Launches in California: Seeks to Reinvent Home Insurance

Insurtech startup Hippo Insurance announced on Wednesday it is officially launching in California. The company is currently seeking to reinvent the way its customers seek home insurance by giving them the ability to receive a quote quickly and purchase instantly online at lower prices. Hippo’s platform… Read More

California Crowdfunding Bill Takes Another Step Towards Becoming Law

The California intrastate crowdfunding bill (AB 1517) took another step in the direction of becoming an actual law yesterday.  On Tuesday, April 25th, the bill was green-lighted by the Assembly Banking and Finance Committee. Next up is the Assembly Appropriations Committee. A hearing on the AB… Read More