Tagged: california

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

January 8, 2020 @ 8:58 am By Omar Faridi  |  

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

December 10, 2019 @ 8:07 am By Omar Faridi  |  

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

November 6, 2019 @ 3:05 pm By Omar Faridi  |  

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

October 30, 2019 @ 9:43 pm By JD Alois  |  

Earlier this month, the California Department of Business Oversight issued Cannabis Banking Guidance regarding state regulation. California is one of a growing number of states that have legalized Cannabis consumption. While California, and multiple US states, have legalized Cannabis usage, it still is illegal at… Read More

July 9, 2019 @ 11:42 am By Samantha Hurst  |  

Velocity Markets, a company that provides technology solutions to investors in the digital asset markets, announced on Tuesday the launch of its new digital asset platform, ShortHop, in Washington, California, and Illinois.  According to Velocity Markets, users are currently able to acquire and trade BTC,… Read More

March 7, 2019 @ 9:18 pm By Samantha Hurst  |  

Marketplace lender P2Binvestor (P2Bi) announced on Thursday it has collaborated with Pacific Mercantile Bank to offer custom-tailored lines of credit to California-based businesses. According to P2Bi, the first such business to benefit from this newly formed fintech and bank relationship was a company with more than… Read More

January 30, 2019 @ 7:38 pm By Cali Haan  |  

The US House of Representatives has passed a bill requiring the Comptroller General of the US to study how cryptocurrencies and online marketplaces “are used to facilitate” human trafficking (sex trafficking) and drug trafficking. The bill garnered broad bi-partisan support. The purpose of the study is… Read More

January 23, 2019 @ 9:00 am By Erin Hobey  |  

Lending Express, an Israeli tech company dedicated to creating a better world of funding for SMBs, has surpassed $100 million in financing facilitated between small and medium business owners and online lenders. Lending Express also obtained state permission to open for business in California. The… Read More

December 11, 2018 @ 3:31 pm By JD Alois  |  

According to a note from Small Business California (SB Cal), the group that advocates on behalf of SMEs, SB Cal will be sponsoring legislation to improve access to capital via securities crowdfunding. This is not the first time that California has attempted to craft crowdfunding legislation… Read More

December 11, 2018 @ 8:24 am By Samantha Hurst  |  

Less than a week after announcing expansion into Washington D.C., Oklahoma, Arkansas, and Montana, SALT, a U.S.-based Blockchain-Backed Loans provider for cryptocurrency holders, announced it is now offering Blockchain-Backed Loans in California. As previously reported, SALT launched its lending platform in 2017 to offer membership-based borrowing allowing… Read More

October 30, 2018 @ 2:50 pm By Samantha Hurst  |  

Sentieo, a California-based financial research platform, announced on Tuesday it secured $19 million through its Series A funding round led by Centana Growth Partners, with participation from existing investors. Launched in 2015, Sentieo is described as a modern financial research platform, utilizing machine learning and… Read More

October 12, 2018 @ 11:01 pm By Samantha Hurst  |  

Insurtech startup Jumpstart announces the official launch of an innovative type of natural disaster insurance in California, initially for earthquakes. Founded in 2015, Jumpstart stated its technology-driven, index-based approach delivers instant signup, affordable coverage, and automatic payout. “Starting with the earthquake risk in California, our first-of-its-kind policy… Read More

October 4, 2018 @ 12:00 pm By Samantha Hurst  |  

Credit Karma announced earlier this week it is now offering car insurance in Texas and California. Credit Karma’s members in those states are now able to see what they could be paying for auto insurance based on what members like them are paying for the same coverage…. Read More

August 28, 2018 @ 4:22 pm By Samantha Hurst  |  

On Monday, cryptoasset-to-USD lender BlockFi announced it is now serving customers in the state of California. The company reported that this California launch markets the expansion of its lending footprint to nearly 45 states. Founded in 2017, BlockFi describes itself as a secured non-bank lender that… Read More