Tagged: california

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

June 23, 2020 @ 9:12 pm By Omar Faridi  |  

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

June 5, 2020 @ 12:52 am By Omar Faridi  |  

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

May 11, 2020 @ 9:30 pm By JD Alois  |  

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

May 11, 2020 @ 3:53 pm By JD Alois  |  

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

May 1, 2020 @ 7:37 pm By Omar Faridi  |  

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

May 1, 2020 @ 10:11 am By Omar Faridi  |  

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

April 26, 2020 @ 10:38 pm By Omar Faridi  |  

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

April 17, 2020 @ 8:40 am By Omar Faridi  |  

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

April 12, 2020 @ 10:59 am By Omar Faridi  |  

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

April 5, 2020 @ 5:03 pm By Omar Faridi  |  

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

March 22, 2020 @ 10:10 am By Omar Faridi  |  

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

March 8, 2020 @ 12:10 pm By Omar Faridi  |  

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

February 6, 2020 @ 8:37 am By Samantha Hurst  |  

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

February 1, 2020 @ 3:04 am By Omar Faridi  |  

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

January 25, 2020 @ 12:36 pm By Omar Faridi  |  

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

January 21, 2020 @ 7:25 am By Omar Faridi  |  

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