With a focus on connecting lenders and borrowers with access to loans under $1000, mobile short-term lending company SoLo is moving its headquarters to the Los Angeles area, joining such fintech companies as Acorns, Tala, Dave.com, and ZestFinance. The company also announced Jon Blackwell is
Symbiont.io Inc. secured a $20 million Series B funding round led by Nasdaq Ventures with participation from new investors Galaxy Digital, Citi, and Raptor Group. A blockchain platform for global financial markets, Symbiont plans to use this funding to accelerate deployments across data management, mortgages, private
TaxJar, a sales tax automation company for e-commerce businesses and developers, secured a $60 million growth equity round of funding from Insight Venture Partners. TaxJar's most recent funding was a $2 million Series Seed round led by Rincon Venture Partners and Daher Capital in 2014,
Financial technology startup YayPay acquired $8.4 million in funding led by Information Venture Partners. Follow-on investment from existing shareholders Birchmere, QED, Fifth Third Capital (the direct equity investment subsidiary of Fifth Third Bancorp), Gaingels, and 500 Fintech Fund is also part of the round, as
Covr Financial Technologies, a digital, multi-carrier life insurance platform for financial institutions, raised $10 million in Series A funding. Individual and family investors and current venture partners Nyca Partners, Commerce Ventures, Contour Venture Partners, and Connectivity Capital Partners were joined in the round by new
Open-API card issuing platform Marqeta closed $45 million in a new funding round led by ICONIQ Capital with participation from Goldman Sachs, bringing Marqeta's total funding to $116 million. According to the company, Marqeta built the first developer-friendly card issuing and core processing platform: an end-to-end,
Alternative business lending market company BlueVine secured $60 million in equity funding in a Series E round led by Menlo Ventures, and included new investor SVB Capital as well as major existing investors. Founded in 2013, BlueVine strives to be one of the leading fintech players
YellowPepper closed $12.5 million in Series D financing, with participation from Visa and current investors. Founded in 2004, the Miami-based company’s proprietary technology and partnerships with leading financial institutions and industry startups provide a digital finance platform operating in six Latin American countries. According to
Consumer credit platform LendingPoint closed a $600 million committed credit facility arranged by Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners. According to the company, LendingPoint has developed proprietary risk models that use APIs to gather data points on applicants, providing a
Global payroll technology leader and services provider CloudPay raised an additional investment of $25 million in capital from Rho Ventures, Pinnacle Investment Partners, and Hercules Capital. The payroll company aims to respond to the need for centralized global payroll that can boost the performance of