Months after a big round, African fintech startup Jumo has pulled in a fresh $12.5 million to add more fuel for its expansion into Asia Pacific. The new investment comes from London-based investment fund Odey Asset Management, and it is an extension to a $52 million round that closed back in September. The deal takes Jumo, [...]
One in every four consumers in the U.S. has touched this product. Some of them do so when they register their bank account credentials to their Venmo accounts, or set up an investment account with Robinhood, savings account with Acorns or loan repayment details with LendingClub. That product is Plaid -- a tech platform that uses application [...]
Plaid, the fintech company that develops technology connecting banks with services like PayPal Holdings Inc. (NASDAQ: PYPL)'s Venmo, has reportedly conducted a fundraising round that values the company at $2.65 billion. read more.
Kamran Ansari, a venture partner at venture-capital firm Greycroft, shared three areas of financial technology where he expects to see disruptions by startups in the coming years. Those areas are mortgage lending, insurance, and business-to-business payments. Financial technology is a massive industry, with startups taking over nearly every corner of Wall Street, from banking to wealth management. But there are a few areas that haven't been hit yet. That's where Kamran Ansari, a venture partner at venture-capital firm Greycroft, is focusing his time.
KKR Makes $75 Million Investment and is Joined by CreditEase, Lion Tree Partners and Returning Investors Battery Ventures, Andreessen Horowitz and Ribbit Capital FORT LEE, N.J., December 6, 2018-- Cross River Bank ("Cross River" or the "Company"), a fast-growing provider of banking services for financial technology companies, announced today that it has completed a funding round of approximately $100 million, led by a $75 million equity investment from KKR. KKR is joined in the round by new investors, CreditEase and Lion Tree Partners, and by returning investors Battery Ventures, Andreessen Horowitz and Ribbit Capital.
Crowdfund InsiderUS Fintech Cross River Secures $100 Million Through Latest Funding Round Led By KKRCrowdfund InsiderU.S. fintech Cross River announced on Thursday it secured $100 million through its latest funding round, which was led by KKR, with participation from CreditEase and Lion Tree Partners, Battery Ventures, Andreessen Horowitz and Ribbit Capital. Founded ...and more >>
Crowdfund InsiderKorean Fintech HonestFund Secures $12 Million Through Series B Investment RoundCrowdfund InsiderHonestFund, a Korean fintech startup, announced on Wednesday it secured $12 million through its Series B funding round, which featured investments from Dunamu & Partners, MurexPartners, KB investment, TL Asset Management, Bass Investment, and HB ...
Crowdfund InsiderFintech LoanStreet Closes on $6.5 Million Series ACrowdfund InsiderLoanStreet has closed on a $6.5 million Series A funding round, according to the company. The funding was led by Valar Ventures, with participation from Third Prime Capital, Rosecliff Ventures, Ride Ventures, The Gramercy Fund, and Leland Hart, Sally ...and more >>
London's Revolut was founded only three years ago but already has 3 million customers, and is aiming for 100 million customers in the next five years. The challenger bank is set to hit the US market in early 2019, saying 75,000 people are already on the waiting list. "We want to one of the largest financial services companies in the world," says CEO Nikolay Storonsky. A UK app-based banking alternative valued at $1.7 billion has plans to grow even bigger. Just three years old, it's hitting the US early next year to continue its rapid expansion.