Online broker Robinhood wants to let everyday investors put funds into private AI companies. In an interview with the Financial Times (FT) published Monday (Nov. 10), CEO Vlad Tenev said he was interested in offering “normal people” a chance to invest in fast growing artificial...
Kamran Ansari has lived through nearly every major turn in FinTech, from the first digital wallets and mobile payments to the rise (and recalibration) of billion-dollar disruptors. With nearly 100 investments behind him, including early stakes in Venmo, Braintree, Facebook and Robinhood, he has seen...
Earnings were everywhere this past week, and for the FinTech IPO Index, quarterly reports dominated the headlines as platforms weighed in with revenues and commentary about consumer and enterprise spending and lending. The FinTech IPO Index lost 1.6% through the week. PYMNTS reported that Chime...
Cybersecurity firm Armis raised $435 million in a pre-initial public offering funding round that valued the company at $6.1 billion. The company will use the new funding to fuel a three-year plan that includes reaching $1 billion in annual recurring revenue and preparing for an...
Billd raised $7.3 million in strategic funding to accelerate the addition of more capital solutions to its financial solutions for commercial subcontractors. One of the solutions the company has launched is an early pay program called Predictable Pay that gives subcontractors access to faster, more...
Tokenization infrastructure company Securitize plans to become a public company through a business combination with special purpose acquisition company (SPAC) Cantor Equity Partners II, which is sponsored by an affiliate of Cantor Fitzgerald. The proposed business combination values Securitize at a pre-money $1.25 billion equity...
Earnings season has yet to be a prime mover of the FinTech space. Partnerships announced through the past week helped drive most names higher as the overall index surged 4.4%. And one key theme was embedding: of workflows and automation, and payments. To be sure,...
One of Europe’s top venture capital (VC) firms is reportedly closing to external investors. Lakestar, which has backed tech giants like Revolut and Spotify, is now focusing on its existing deals, the Financial Times reported Thursday (Oct. 23). The VC firm, led by veteran investor...
PortX, an AI-powered data integration platform for banks and credit unions, has closed a strategic growth round backed by Allied Solutions and the American Bankers Association (ABA), according to a Monday (Oct. 20) news release. PortX said the new funding will accelerate adoption of its...