Tagged: silicon valley

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

San Francisco based Fintech Brex Partners SAP Concur so Customers can Automatically Reconcile their Corporate Card Expenses

San Francisco-based Fintech Brex, a company that says it’s “reimagining” financial systems for high-potential or growing businesses, has teamed up with SAP Concur so that Brex customers are able to automatically update and reconcile their corporate card expenses by using Concur Expense. Brex claims that… 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

Singapore’s Percipient, an AI enhanced Digital Banking Tech Firm, Secures $5 Million in Capital from Silicon Valley’s Stat Zero

Singapore-based Percipient, a digital banking technology firm, has reportedly secured SGD $7 million (appr. $5 million) in capital from Stat Zero, a California headquartered VC firm. Percipient said that the funds raised will be used to support the upcoming launch of the company’s “digital twin… Read More

Credit Improvement Fintech Dovly Secures $2 Million in Seed Funding from NFX, a Silicon Valley VC Firm

Dovly, a consumer-focused credit improvement firm, has reportedly acquired $2 million in seed funding. The US-based Fintech firm’s round was led by VC firm NFX, which helps companies expand their operations by leveraging network effects and strategic marketplaces. The capital acquired will be used to… Read More

Silicon Valley Fintech Unicorn Brex Lays Off 62 Workers, Will “Restructure” Operations After Recently Raising $150 Million

San Francisco-based Brex, a company focused on developing B2B financial products, recently acquired $150 million in capital, in order to further strengthen its existing balance sheet and help it maintain operations during the COVID-19 outbreak. Now, the company has announced (on May 29) that it… Read More

Giant VC Firm Andreessen Horowitz Is Planning to Secure $450 Million in Capital for its Second Cryptocurrency-focused Fund

Silicon Valley-based venture capital firm Andreessen Horowitz (a16z) is planning to secure $450 million in capital for its second digital asset-focused fund, according to a recent report from the Financial Times (FT). Sources familiar with the matter told the FT that the giant VC firm… Read More

Silicon Valley VC Draper Goren Holm Now Offering $100 in Bitcoin to Those Who Want to Learn about Blockchain

Draper Goren Holm, a Los Angeles based venture firm led by Tim Draper, Alon Goren, and Josef Holm, announced on Thursday it is offering an incentive to those who are looking to learn more about Blockchain during the Los Angeles Blockchain Summit, which will take… Read More

Brazilian Fintech Olivia Secures $5 Million in Funding from BV and BR Startups Fund

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

Report: US-based VC Firms Continue to Increasingly Invest in London-headquartered Fintech Startups

According to a new report, US-based venture capital firms have been increasingly investing in London-headquartered companies this year. New data shows that UK-based Fintech firms continue to attract a large number of investors. US investors have reportedly contributed around in $4.4 billion (appr. £3.4 billion)… Read More

Silicon Valley Unicorn Apttus Secures $55 Million During Series E Funding Round

Apttus, a Silicon Valley unicorn that provides the first and only platform to combine end-to-end Quote-to-Cash business process automation with behavior applications and artificial intelligence to enable customers to maximize revenue, announced this week it has raised a $55 Million Series E funding round, which… Read More

Update: Knightscope Becomes First Company To Surpass $10 Million on SeedInvest

Silicon Valley-based Knightscope has reportedly secured $10 million through its “mini-IPO” Reg A+ equity crowdfunding campaign on SeedInvest. The initiative was launched earlier this year and is seeking $20 million as part of its Series M efforts. It has now been dubbed the most successful campaign… Read More

Startups Innovation Hub GSVlabs Turns to Indiegogo/MicroVentures For Equity Crowdfunding Round

Silicon Valley-based GSVlabs has recently launched an equity crowdfunding campaign on Indiegogo/Microventures to raise growth funding. Founded in 2012, GSVlabs engages with startups, corporations, international agencies, mentors, universities, investors, thought leaders, and non-profits. The organization stated: “Silicon Valley isn’t just a location in California; it’s… Read More

Gaza Sky Geeks Crowdfunds to Launch Coding Academy

Gaza Sky Geeks is running another crowdfunding campaign called “Power Up Gaza’s Geeks”.  There is just over a week left in the campaign, and the group is currently at $277,869 — or 292 percent of its original goal. Initially, Gaza Sky Geeks had a goal… Read More

KPMG & CB Insights Report Suggest FinTech Growth is Slowing

During the first half of 2016, regulators feared that Fintech would become all too powerful.  Then, in November, they concluded that the Fintech sector was not threatening.  At the cusp of 2017, it also appears that other observers have concluded that the FIintech boom is… Read More

The Incubator Formally Known as 500 Startups: Call Us 500 Seed & 500 Series A Programs, Please

It’s hard to believed that 500 Startups launched just six years ago given its influence.  1600+ companies, 60+ countries and 3,000 founders later, Co-Founder Dave McClure utilized the platform’s blog to reflect on the last years progress and to look forward to the company’s next… Read More

Brief: Korea Fintech Center Signs MOUs With 500 Startups & Silicon Valley Forum

The Korea Fintech Center has signed a memorandum of understanding (MOUs) with two Silicon Valley organizations, 500 Startups and Silicon Valley Forum.  500 Startups is described as a global venture capital company and startup accelerator. It has supported 1,700 startups in over 50 countries. Silicon Valley… Read More

Cross River Bank Applies Startup Model, Raises $28M in VC Funding

Cross River Bank raised $28 million from a number of investors in Silicon Valley. Investors included Battery Ventures, Andreessen Horowitz, and Ribbit Capital, which have invested in fintech startups. In addition to the deal, Battery General Partner Scott Tobin will become a member of Cross River’s… Read More

Brief: Royal Bank of Canada Sets Up Fintech Innovation Lab in Silicon Valley

Like many other large banks, Royal Bank of Canada is now syncing with rising Silicon Valley fintech talent to better position itself with the ever dynamic fintech sector, RBC Vice President of Innovation Gabriel Woo shared with Reuters,  and launched an Innovation Lab in Silicon Valley. The bank has opened similar… Read More

Brief: Menlo College Names Manny Fernandez “Silicon Valley Equity CrowdFunding Pioneer”

Menlo College named angel investor and Dreamfunded co-founder/CEO, Manny Fernandez “Silicon Valley Equity Crowdfunding Pioneer” during its The Future of Investing: How Equity CrowdFunding is Shaping the American Dream event on Wednesday evening. Menlo College Professor of Finance, Soumendra De, who presented the award to Fernandez,… Read More

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