Tagged: silicon valley

September 3, 2020 @ 9:31 pm By Omar Faridi  |  

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

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 22, 2020 @ 9:51 am By Omar Faridi  |  

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

June 16, 2020 @ 10:45 pm By Omar Faridi  |  

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

May 30, 2020 @ 6:00 pm By Omar Faridi  |  

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

April 15, 2020 @ 8:39 am By Omar Faridi  |  

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

March 5, 2020 @ 2:56 pm By Samantha Hurst  |  

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

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

November 18, 2019 @ 8:38 am By Omar Faridi  |  

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

September 14, 2017 @ 11:18 am By Samantha Hurst  |  

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

August 22, 2017 @ 11:12 am By Samantha Hurst  |  

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

July 17, 2017 @ 1:09 pm By Samantha Hurst  |  

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

January 21, 2017 @ 2:10 am By Jessica Pham  |  

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

December 22, 2016 @ 7:23 am By Jessica Pham  |  

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

November 22, 2016 @ 8:13 am By Erin Hobey  |  

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

November 4, 2016 @ 2:44 pm By Samantha Hurst  |  

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

November 3, 2016 @ 9:47 am By Jessica Pham  |  

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

June 9, 2016 @ 2:28 pm By Erin Hobey  |  

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

April 29, 2016 @ 4:26 pm By Samantha Hurst  |  

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

March 24, 2016 @ 1:26 pm By Samantha Hurst  |  

Last year, Pebble hit Kickstarter for its new watch and surpassed its initial goal within just mere hours. By the end of its funding round, the startup gained $20,338,986 from 78,471 backers, which made its initiative the most funded project on the crowdfunding giant’s platform. The company previously found… Read More