Mobile banking startup Varo Money, Inc., announced today that it has closed a $45 million Series B funding round led by existing investor Warburg Pincus and The Rise Fund. Varo is on a mission to change the future of banking by offering customers a “frictionless
Ratehub, Inc., has raised a $12 million Series A round led by Elephant, the venture capital firm founded by Jeremiah Daly and Andy Hunt, co-founder of Warby Parker. Simon Nixon, co-founder of U.K.-based MoneySuperMarket, also participated in the funding. Founded in 2010, Ratehub seeks to
Alternative investment platform YieldStreet announced that it has closed $113 million in financing. The round includes $12.8 million of Series A equity financing, co-led by Greycroft and Raine Ventures, as well as a revolving credit facility of $100 million from a New York-based family office.
Consumer lending company LendingPoint today announced that it has acquired LoanHero, a fintech platform for point-of-sale finance. Terms of the deal were not disclosed. In combination with LendingPoint’s industry-leading credit underwriting and risk management expertise, LoanHero will help accelerate LendingPoint’s expansion into point-of-need and point-of-sale financing.
Credit card startup Petal announced today that it has raised $13 million in Series A financing, led by Valar Ventures, a New York-based venture capital fund. Petal’s existing investors also participated in the round, including Brooklyn Bridge Ventures, Afore Capital, Rosecliff Ventures, Great Oaks Venture
Alkami Technology, Inc., a provider of digital banking solutions to credit unions and banks, announced today that General Atlantic, a leading global growth equity firm, made a strategic investment in the company. Alkami’s digital banking platform aims to enable bank and credit union clients to
Fintech company BondLink announced a $10 million financing round led by Franklin Templeton Investments, one of the largest municipal bond fund managers in the country. The Series A financing included participation from Coatue. BondLink provides a cloud-based software-as-a-service investor platform to issuers who rely on
Fintech company AdvisorEngine announced today that it has acquired Junxure, an industry leader of advisor technology and practice management solutions with more than 12,000 active users. According to the company, the combined company will pair digital solutions with consulting services to help financial advisors use
AI mobile startup Kasisto raised $17 million in Series B financing, led by Oak HCFT, with participation from Propel Venture Partners, Two Sigma Ventures, Commerce Ventures, MasterCard, and Partnership for New York City Fund. Kasisto invented KAI, a conversational AI platform for smart bots and virtual
Online financial firm Aspiration brought in $47 million in Series B financing, led by Social Impact Finance. Allen & Company, Omidyar Network, Capricorn Investment Group, Alpha Edison, AGO Partners, Reyl & Cie, and Rustic Canyon Partners also participated. The company’s goal is to deliver financial