Tagged: peter thiel

Insurtech Startup Coya Secures $10 Million During Seed Funding Round Led By Peter Thiel’s Valar Ventures

German-based insurtech start-up Coya has reportedly secured $10 million during its latest seed funding round, which was led by Peter Thiel’s fund Valar Ventures with participation from e.ventures and La Famiglia. According to Business Insider, Coya was founded by two veterans of German lender Kreditech and former Vienna Insurance… Read More

Operating System for Wealth Managers Addepar Raises $140 Million

Last week it was announced that fintech wealth management platform Addepar had raised $140 million in its Series D round of funding. The funding round was led by Valor Equity Partners, 8VC and investment manager Harald McPike. Operating System for Wealth Managers Based in Mountain… Read More

Charlotte Fintech Firm AvidXchange Announces Partnership with Mastercard and Capital Raise of $300M

Charlotte-based fintech firm AvidXchange, which provides accounts payable and automated payment solutions to midsize businesses, announced a strategic partnership with Mastercard along with a separate capital raise of $300 million. Both the strategic partnership with Mastercard and the capital raise of $300 million will go towards the… Read More

Kreditech Russia Receives MFC Status from Central Bank of Russia

Kreditech Group subsidiary, LLC MFC  Kreditech Russia, received the status of a Microfinance Company (MFC) from the Central Bank of Russia. A new federal law in Russia aims to make the microfinance market transparent and understandable and requires MFC status for all alternative lending companies operating in… Read More

Survey: Top Reasons Angels Invest? Management Team, Followed by ROI

A new survey published today provides evidence that Angel investors are “not just in it for the money.” Propel(x), a San Francisco-based online investment platform, collaborated with Peter Thiel’s Breakout Labs, MIT Alumni Angels of Northern California and Innovation Node Los Angeles (part of the… Read More

#LenditUSA Bigger than Ever as Online Lending Begins to Mature

  LenditUSA 2016 was bigger than ever. If you look back just three years the venue and the organizers have scaled what was once a relatively small gathering of 375 industry participants in 2013 to one that is truly a global event with over 3,500… Read More

Peter Thiel to Deliver Keynote Address at LendIt USA 2016

On Tuesday, organizers of LendIt USA 2016 announced that Paypal’s co-founder and first outside investor in Facebook, Peter Thiel, is set to deliver the keynote address at the forthcoming event. LendIt is considered the largest conference series dedicated to connecting the global online lending community. The… Read More

Peter Thiel Backs German Fintech Startup Deposit Solutions

Peter Thiel, Paypal’s co-founder and first outside investor in Facebook, has reportedly made an investment Deposit Solutions GmbH, which is considered the first open architecture platform for retail deposits in Europe. Since its establishment in 2011, Deposit Solutions has already mediated deposits in excess of… Read More

TransferWise’s Future of Finance Report Shows How Americans Incorporate Fintech into Daily Life

Nearly one third of Americans will be using a technology company for financial services such as loans, mortgages and payments in five years, reports global P2P platform TransferWise Almost one third of Americans are likely to be using a technology provider and not a bank for… Read More

Backed by Peter Thiel, German Number26 Smartphone Bank Expands across Europe: Withdraw Money Everywhere

  German smartphone bank Number26 will expand across Europe, opening its mobile-only account to consumers in France, Greece, Ireland, Italy, Slovakia, and Spain, according to a release. The expansion brings the total number of countries where Number26 is active to eight, following its initial launch in Germany… Read More

Harmoney Adds Prominent Names to Advisory Board

Harmoney, the first peer to peer lender to launch in New Zealand, has added some big names to its advisory board.  Accord to a release published by the P2P site, Jon Barlow, founder of Eaglewood Capital and Phin Upham of Thiel Capital have signed up… Read More

Marketplace Lending Platform Avant Closes $139M Asset-Backed Securitization Led by Jefferies; Secures $200M Credit Facility Led by J.P. Morgan & Credit Suisse

Marketplace lending platform, Avant, announced on Thursday that two newly secured transactions totaling $339 million in debt financing. These recently minted deals bring Avant’s funding total to $1.1 billion in debt financing, $334 million in equity financing and $400 million raised through the Avant Institutional… Read More

Al Goldstein, CEO Of Avant, Talks ‘Underbanked’ Middle-Class Consumers And The Future Of Avant

  At the helm of Avant, a Chicago-based consumer loan program named to Forbes’ 2015 list of America’s Most Promising Companies, is founder and CEO Al Goldstein. A serial entrepreneur in technology, consumer services and real estate, Al co-founded Avant with John Sun, now the… Read More

WE’VE Links with Crowdfunder for Social Good(s): Campaigns for Translucent Global Supply Chain

  WE’VE, a startup that connects consumers conscious design, enables anyone to design collaboratively with makers. Transparency is shared via artisans’ step by step “making” videos.  Having recently launched its Crowdfunder campaign, WE’VE has quickly secured $65K of its $300K goal for the convertible note.  Investors include from… Read More

Peter Thiel Introduces The 2014 Class of Thiel Fellows

Peter Thiel introduced the 2014 class of new Thiel fellows on Thursday. The fourth set of young entrepreneurs to be award Thiel Fellowships, the fellows will receive support to bring their innovative scientific and technical projects to life, learn entrepreneurship from the group up, and… Read More

Super PAC Created to “End All SuperPACs” Launches Phase 2 after Meeting 1st Crowdfunding Goal

Big Names Provide Matching Funds to Fix Badly Broken Congress. Political MayDay PAC hit their initial goal of crowdfunding $1 million two weeks ahead of schedule.  Now the social campaign has launched the next phase of its effort by targeting their next fundraising goa of… Read More

Misfit Wearables Spent $20,000 Making Their Crowdfunding Pitch Video

Misfit Wearables CEO Sonny Vu recently spoke at Seattle Pacific University, and as a part of his visit he sat down and was interviewed about his experience in running Misfit Wearables. He shares revelations including the fact that Misfit had VC backing before they launched… Read More

Oculus VR Raises $16 Million Series A

Oculus VR has raised $16 million in a round with contributions from Spark Capital, Matrix Partners, Founders Fund and Formation 8. Spark Capital and Matrix Partners led the round. Spark founder Santo Politi and Matrix partner Antonio Rodriguez both acquire seats on Oculus’s Board of… Read More

Teen wins fellowship to build site, skip college

ARMONK, N.Y. — The $100,000 Thiel Foundation fellowship James Schuler just won allows young entrepreneurs to drop out of college to pursue their business ideas — except he never got there in the first place. Before graduating from Byram Hills High School in Armonk, N.Y., last year,… Read More

Pave Working With UnCollege To Rethink How Young People Learn

UnCollege is the brainchild of Dale J. Stephens, a young entrepreneur and Thiel Fellowship alumnus whose aim is to debunk the commonly accepted assumption that college is the only way  to prosperity. UnCollege has teamed up with crowdfunding platform Pave in order to help their… Read More