#PayTech / Payments Startup Stripe in Talks for Funding at $70 Billion Valuation or More

The valuation being discussed could be more than $70 billion or significantly higher, at as much as $100 billion… That would make it currently the most valuable venture-backed startup in the U.S. … Stripe’s software, which competes with Square Inc. and Paypal Holdings Inc., is used by businesses to accept payments. According to its website,Continue reading “#PayTech / Payments Startup Stripe in Talks for Funding at $70 Billion Valuation or More”

#PropTech / With new cash and a former Apple exec now at the helm, Connect Homes is ready to reconstruct homebuilding

Greg Leung had worked at Apple for years… The pitch — building a starter home for a much lower cost than other prefabricated houses on the market, and one that could be dropped in to locations in the urban core of most cities — was too good to pass up. “Basically, it’s a beautiful product,Continue reading “#PropTech / With new cash and a former Apple exec now at the helm, Connect Homes is ready to reconstruct homebuilding”

#InsurTech / Insurtech startup Novidea raises $15 million in series B round

[CEO:] “We’re seeing a growing demand in the world for a smart platform that translates insurance data into business insights in real-time, advanced analytic capabilities and information that users can act upon.” Israeli insurtech company Novidea, which has developed a system to help improve the efficiency of brokers and agents, has raised $15 million inContinue reading “#InsurTech / Insurtech startup Novidea raises $15 million in series B round”

#BNPL / The Winners And Losers In The $24 Billion Buy Now, Pay Later Battle

Cornerstone estimates that Americans made $20 billion worth of purchases using BNPL programs in 2019—in line with an estimate from consulting firm Oliver Wyman—and will spend $24 billion on products and services using a BNPL service in 2020. Consumer advocates and other critics believe Buy Now Pay Later programs encourage consumers to take on debtContinue reading “#BNPL / The Winners And Losers In The $24 Billion Buy Now, Pay Later Battle”

#DigitalBanking / Digital Bank HMBradley Raises $18.25M To Accelerate Credit Program

HMBradley, described as “a digital banking platform for savers,” rewards account holders based on how much of their deposits they save each month, paying up to 3 percent interest on savings. While the institution brands itself with its saving incentives, it is expanding its credit offerings by launching the HMBradley Credit Card in July. TheContinue reading “#DigitalBanking / Digital Bank HMBradley Raises $18.25M To Accelerate Credit Program”

#PropTech #InsurTech / Hippo, home insurtech startup, secures $350 million capital investment

Hippo, a startup focused on providing home insurance digitally, has secured a $350 million capital investment from Mitsui Sumitomo Insurance Company. Hippo and Mitsui Sumitomo Insurance Company plan to sign a reinsurance treaty where Mitsui Sumitomo will take on a “portion of risk” to support Hippo. Wand explained that Hippo has a treaty with aboutContinue reading “#PropTech #InsurTech / Hippo, home insurtech startup, secures $350 million capital investment”

#FinancialInclusion / Mobile bank Current secures $131 million at $750 million valuation

Current, a challenger bank that aims to serve Americans “overlooked” by traditional banks, announced it has raised $131 million in Series C funding at a $750 million valuation. [Current CEO and Founder Stuart So] … realized that traditional banks were not meeting the needs of the majority of Americans… So Sopp founded Current with theContinue reading “#FinancialInclusion / Mobile bank Current secures $131 million at $750 million valuation”

#BNPL / LA-based Credit Key raises $33 million for its business-to-business payments platform

Bringing to small businesses across the U.S. the buy-now pay-later model that transformed companies like Klarna and Affirm into billion-dollar businesses has netted the payment and lending company Credit Key another $33.85 million in funding. “B2B e-commerce continues to expand at an incredible pace, but a great majority of merchants still lack the payment toolsContinue reading “#BNPL / LA-based Credit Key raises $33 million for its business-to-business payments platform”

#POSFinance / Synchrony Unveils New Digital Capabilities for Simplifying Consumer Financing at the Point of Sale

Synchrony now enables partners to quickly enroll with a secondary lender to increase their customers’ credit application approval rate with Multisource Financing. Expanding partners’ payment options before the holidays will help them drive more sales to completion by enabling more consumers to finance their purchases. Synchrony partners can streamline the credit application and lending processContinue reading “#POSFinance / Synchrony Unveils New Digital Capabilities for Simplifying Consumer Financing at the Point of Sale”

#FinTech #Investment / With an eye on fintechs, a16z raises $4.5 billion across two funds

A16z – also known as Andreessen Horowtiz – announced today the close of two massive new funds, part of which will go toward backing financial services companies. The firm has raised $1.3 billion in an early-stage fund, called “Fund VII,” to invest in financial services technology, consumer and enterprise startups. It also has raised $3.2Continue reading “#FinTech #Investment / With an eye on fintechs, a16z raises $4.5 billion across two funds”