Tagged: california

February 28, 2021 @ 9:44 pm By Omar Faridi  |  

Robinhood Markets Inc, the leading zero-fee stock trading app provider, stated on Friday (February 26, 2021) that US regulatory authorities were investigating the firm’s temporary trading restrictions on these so-called “meme stocks” earlier in 2021. These activities have come under increased scrutiny as the shares… Read More

February 21, 2021 @ 9:48 pm By Omar Faridi  |  

San Francisco-based Carta, a firm that helps private and public companies, investors, and employees manage equity and ownership, has published its private markets report for Q4 2020. Carta’s report, which was posted on February 17, 2021, notes that venture capital managed to close out 2020… Read More

February 12, 2021 @ 9:37 am By JD Alois  |  

Miami Mayor Francis Suarez is going all-in on Bitcoin as he announced via Twitter that he has requested the city manager to research a vendor to facilitate Bitcoin payments as well as paying employees in Bitcoin. Crypto insiders quickly embraced the move with Anthony Pompliano… Read More

February 5, 2021 @ 5:19 pm By Omar Faridi  |  

California-based Fintech firm Wealthfront revealed on February 4, 2021 that its customers will now be able to use their service to monitor for and automatically transfer excess funds to a Wealthfront Roth IRA, Traditional IRA or a 529 College Savings Account. As noted in a… Read More

February 5, 2021 @ 7:52 am By Omar Faridi  |  

The team at Bondora, a European peer to peer lending platform, states that the first month of 2021 is “setting the tone” for the year to come. Bondora notes that the Fintech sector is still growing steadily. including Portugal’s financial technology industry as the country… Read More

February 2, 2021 @ 8:50 pm By Omar Faridi  |  

California-headquartered Fintech firm InvestCloud has reportedly completed a recapitalization that now values the platform at around $1 billion. According to a release, new financial investors are led by Motive Partners with Clearlake Capital Group, L.P. and also includes other InvestCloud client shareholders. Under the terms… Read More

December 10, 2020 @ 7:43 am By Omar Faridi  |  

Robinhood, a popular trading app that has encouraged a new generation of investors to take part in equity trading, has reportedly hired giant Wall Street investment bank Goldman Sachs to lead the Fintech firm’s IPO. Robinhood Markets will be working with Goldman Sachs (NYSE:GS) in… Read More

December 9, 2020 @ 7:54 am By Omar Faridi  |  

  California based Fintech firm Wealthfront announced on December 8, 2020, that banking industry professionals Sheila Bair and Tom Curry are joining the firm’s Banking Advisory Group. The Committee is expected to play a key role in navigating regulatory and partnership efforts as Wealthfront plans… Read More

November 28, 2020 @ 5:48 pm By Omar Faridi  |  

Marqeta, a Fintech Unicorn that claims to be the first global modern card-issuing platform, is reportedly working with many startups that are now using Marqeta’s payment card issuance technology. Marqeta is also working closely with Goldman Sachs and J.P. Morgan Chase & Co. as the… Read More

October 28, 2020 @ 10:43 am By Omar Faridi  |  

California based banking platform Green Dot is reportedly investing in and teaming up with startup Gig Wage in order to bring key financial tools to gig workers. Green Dot recently led a $7.5 million Series A investment round for Gig Wage. Continental Investors, Techstars, and… Read More

October 19, 2020 @ 3:40 pm By JD Alois  |  

The United States has one of the most fragmented regulatory environments for financial services in the world. Frequently, a financial service provider will need to adhere to both state and federal rules along with an alphabet soup list of regulators. While the current leadership of… Read More

September 17, 2020 @ 11:43 pm By Omar Faridi  |  

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

August 14, 2020 @ 12:00 pm By JD Alois  |  

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

August 12, 2020 @ 1:23 pm By JD Alois  |  

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

August 12, 2020 @ 11:15 am By Omar Faridi  |  

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

August 1, 2020 @ 11:26 am By Omar Faridi  |  

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

July 31, 2020 @ 7:51 am By Omar Faridi  |  

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

July 27, 2020 @ 5:18 pm By Omar Faridi  |  

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

July 23, 2020 @ 9:14 pm By Omar Faridi  |  

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

July 11, 2020 @ 3:37 pm By Omar Faridi  |  

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