Tagged: california

Fintech Brex CFO Michael Tannenbaum Recommends Providing Special Benefits to Remote Workers so they Feel Valued during COVID-19 Crisis

Michael Tannenbaum, the chief financial officer at Brex, a Silicon Valley Fintech Unicorn, notes that many people today are working remotely. Tannenbaum, who’s also the chief business officer at Brex, says that we might be at risk in some ways of losing “the culture and… Read More

California Takes Step Towards Regulating Digital Assets with AB 2150, CoinFlip COO Comments on Legislation

California has been kicking around possible legislation regarding the regulation of digital assets for some time now. Recently, Crowdfund Insider reported on updates to pending crypto legislation (AB 2150) as the objectives of the bill had been dramatically scaled down. The bill has been sponsored… Read More

AB 2150: California’s Digital Asset Legislation is Now Just About a Mandated Study

This past May, Crowdfund Insider reported on pending legislation (AB 2150) in the state of California that may have addressed the treatment of digital assets and when they would not be considered a security. In the ensuing months, the legislation has changed – and rather… Read More

Telos, the Second-Most Active Blockchain, Reveals that Social Network APPICS Decided to Move from Steem to its Network

Telos, one of the most active blockchain networks in terms of transactions per second (according to Blocktivity, but not necessarily the best or only metric for assessing performance), has revealed that social network APPICS will be moving its platform from Steem to Telos. As mentioned… Read More

Apple has Reportedy Acquired Mobeewave, which Transforms iPhones into Mobile or Digital Payment Terminals

Apple Inc.(NASDAQ: AAPL) has reportedly acquired Mobeewave Inc., a company with technology that aims to transform iPhones into mobile or digital payment terminals, according to sources familiar with the matter. Mobeewave’s technology allows consumers to simply tap their credit card or mobile phone on another… Read More

San Francisco based Fintech Affirm Is Reportedly Planning an IPO at a $10 Billion Valuation

Many companies have either launched or are at least considering the possibility of conducting an initial public offering (IPO), despite the economic uncertainty created by the global COVID-19 outbreak. San Francisco-based Fintech firm Affirm, which was established by Max Levchin, the co-founder of PayPal, has… Read More

Fintech and Digital Banking Provider Dave Suffers Security Breach, User Data Compromised but No Financial Losses, Company Claims

Dave.com, which aims to be the finance version of David and Goliath taking on the big banks and “helping millions with money challenges,” has confirmed that a security breach took place on its platform. Dave, which claims to have “reinvented” many areas of traditional finance,… Read More

Silicon Valley Fintech Unicorn Brex Bolsters Cash Offering with FDIC Insurance, Appoints Chief Legal Officer, Katie Biber

Silicon Valley Fintech Unicorn Brex, the company that’s “reimagining” financial systems for growing businesses, revealed on July 22, 2020, that it has introduced new features and FDIC insurance on its zero-commission cash management account, Brex Cash. As mentioned in a release shared with CI: “These… Read More

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

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