Tagged: california

California based Fintech Unicorn Marqeta Might Conduct an IPO, After Raising $150 Million at a $4.3 Billion Valuation

US-based Marqeta Inc, a major payment card issuing Fintech firm whose investors include giant Wall Street investment bank Goldman Sachs, is reportedly planning to work with various investment banks in order to potentially launch an initial public offering (IPO). As reported by Reuters, which cited… Read More

California Fintech Even to Help Workers Achieve Financial Wellbeing, Secures Investments from PayPal, Valar Ventures, Others

Oakland, California based Fintech firm Even aims to improve the financial wellbeing of workers and also wants to help people become better money managers. PayPal Ventures, Valar Ventures, Founders Fund, and Marc Benioff have recently made investments in Even. Even claims it’s the only Fintech… Read More

California based Fintech Wealthfront, a Robo-Advisor that was Focused on Becoming a Digital Bank, Introduces Checking Account Features for its Cash Accounts

California-based Fintech Wealthfront, a Robo-Advisor that had been focused on becoming a digital bank, has revealed that its checking account features are now live for the Wealthfront Cash Account. In statements shared with Crowdfund Insider, Wealthfront’s management noted that they’re on track to deliver what… Read More

Will COVID-19 Push More Companies to Exit San Francisco?

San Francisco has earned a bit of a bad rap the past couple of years. Questionable leadership has led long-time inhabitants to complain about the rising level of crime and the increasing squalor of the city. The high cost of living/rent and California’s reputation as… Read More

Here is the California Legislation that May Enable Digital Assets Not to be Treated as Securities

Last week, an amended bill hit the California Assembly. The legislation seeks to create an exemption for digital assets to be treated as securities. To quote AB 2150: “Existing law, the Corporate Securities Law of 1968, provides for the regulation of the issuance of corporate… Read More

Morgan Bierschenk: CEO at Geoship, a Regenerative Village Building Platform, Explains why His Firm Chose Equity Crowdfunding to Raise Capital

We recently caught up with Morgan Bierschenk, the founder and CEO at Geoship, a Washington-based regenerative village building platform, “owned by the people, in service to the Earth.” Geoship aims to transform the housing industry by “building the future of home.” The company designs and… Read More

Andreessen Horowitz Secures Over Half a Billion Dollars for its Second Digital Asset Fund

Giant venture capital firm Andreessen Horowitz (a16z) has finalized its second crypto asset fund which is valued at over half a billion dollars. Established in 2009 by Marc Andreessen and Ben Horowitz in 2009, the VC firm confirmed the news on April 30, 2020. The… Read More

California-based Dole Food Company to Integrate Distributed Ledger Tech for Managing Supply Chain Processes

California-based Dole Food Company, an agricultural multinational corporation, has introduced a five-year plan to integrate blockchain or distributed ledger technology (DLT) for managing supply chain processes. Dole Food Company is the largest producer of fruits and vegetables in the world. The agribusiness company generated over… Read More

US Fintech Robinhood Is Reportedly Getting Ready to Finalize a $200 Million Investment Round, Led by Sequoia Capital

US Fintech firm Robinhood is reportedly getting ready to finalize its investment round worth an estimated $200-$250 million. Following the successful completion of this round, the Menlo Park-based brokerage firm would be valued at roughly $8 billion, according to recent reports. Sources familiar with the… Read More

COVID-19 Relief: US-based Fintech Wellpay to Help Individuals Burdened by Medical Bills Due to Coronavirus Crisis

California-headquartered Wellpay, a Fintech service provider for the healthcare sector, recently revealed that it will be accelerating its planned public launch, in order to help individuals who may be burdened by huge medical bills due to the health and financial crisis created by COVID-19. The… Read More

California-based Payments Firm Stripe Partners with Keap, a CRM Platform, to Offer an Enhanced Customer Experience

California-headquartered Stripe, a leading payments solution provider, has teamed up with Keap, a customer relations management (CRM) platform, in order to provide a better payment experience for customers. Keap confirmed that it has created an integration with Stripe to assist clients with improving their cash… Read More

California-based Fintech Wealthfront, a Robo-Advisor, is Reportedly Inching Closer to Becoming a Digital Bank

Palo Alto-based Wealthfront, an automated investment service company with over $11.4 billion in assets under management, is reportedly getting closer to becoming a full-service digital bank. Wealthfront already provides most of the bank-like services including insured savings accounts. The “Cash Account” is offered by Wealthfront… Read More

California-based Fintech InvestCloud Introduces InvestCloud White to Offer Improved Wealth Management Services

California-headquartered Fintech firm InvestCloud has introduced a platform, called InvestCloud White, in order to provide an end-to-end wealth management solution and turnkey asset management programs (TAMPs). Introduced at the 2020 InvestCloud Conference, which was recently held in Miami, Florida, InvestCloud White has been developed to… Read More

Funding Circle Offering Support to Business Loan Transparency Law in California

Marketplace lending company Funding Circle (LSE: FCH) is reportedly supporting a U.S. business loan transparency law. According to P2PFinanceNews, the online lender is backing the California introduced law, which will require certain data to be disclosed in commercial credit agreements much like consumer loans. Head… Read More

California-based OneWest Bank Launches New Mobile App for Small Business Owners

California-based OneWest Bank, CIT’s Southern California branch network, revealed on January 31, 2020 that it has introduced a new mobile app for small businesses. The app offers a new platform to assist small business clients in meeting their financial goals and requirements. The OneWest Bank… Read More

HAB Bank Teams Up with Jack Henry to Enhance Commercial Lending Process by Offering All-Digital Loan Origination

Jack Henry & Associates, Inc. has confirmed that its division ProfitStars’s suite was used by Habib American Bank (HAB Bank) to develop its Commercial Lending Center Suite. The suite will improve the institution’s commercial lending business, enhance operational efficiencies and help offer a better experience… Read More

Brazilian Fintech Olivia Secures $5 Million in Funding from BV and BR Startups Fund

Brazilian Fintech firm Olivia recently revealed that it had acquired R$25 million (appr. $5 million) in investments. The company’s application assists its clients in saving and money management, with useful tips on cash flow and behavior habits. Olivia’s stakeholders include BV (previously Banco Votorantim), which… Read More

Insurtech: Chicago-based Clearcover, a Car Insurance Provider, Finalizes $50 Million Series C Round

Chicago-headquartered Clearcover, a company focused on improving the way people acquire car insurance, has completed its third investment round. Clearcover revealed on January 3 that it had finalized a $50 million Series C round, which was led by OMERS Ventures. Existing investors American Family Ventures,… Read More

Centana Growth Partner, a Growth Equity Firm, Finalizes $375 Million Round for Expanding its Current Investments in Fintech

Centana Growth Partners, a growth equity company primarily focused on contributing to the future of financial services, has finalized a $375 million investment round, called Centana Growth Partners II, L.P. (“Fund II”). The funds raised will be used to further expand the company’s current investments… Read More

California-based Fair Credit Products Provider Deserve Raises $50 Million via Funding Round Led By Goldman Sachs

California-based Deserve, a Fintech firm that provides fair credit products for young consumers and a cloud-based credit card platform for companies, raised $50 million through a funding round led by giant Wall Street investment bank Goldman Sachs.  Deserve’s latest investment round also included contributions from… Read More

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