#InsurTech / Venture fund FinTLV raises $120 million to hunt for the next insurtech unicorns

FinTLV will invest in the next wave of growth-stage insurtechs following its successful backing of unicorns in 2020. FinTLV will likely focus funds on insurtechs embedding their offering into partners’ platforms and insurtechs that tackle coverage gaps. Embedded insurance, in which nonfinancial firms integrate insurance products, will be a major insurtech trend of the nextContinue reading “#InsurTech / Venture fund FinTLV raises $120 million to hunt for the next insurtech unicorns”

#BNPL #InsurTech / Buy now, pay later and insurtech saw increase in funding

Globally “buy now, pay later” (BNPL) fintech startups raised record funding in 2020 and insurtech companies saw a big bump in fundraising in the second half of 2020. Alex Kern, intelligence analyst at CB Insights said he was surprised to see how much fundraising and deal activity was occurring in the BNPL industry because whenContinue reading “#BNPL #InsurTech / Buy now, pay later and insurtech saw increase in funding”

#PFM / Inside personal finance app Albert’s ‘Genius Bar’

Personal finance apps like Albert tout a future where money management happens automatically with minimal human intervention. Bill payments, savings, investing, you name it – everything just happens in the background, while consumers focus on living their lives. [Albert] … makes team members called “geniuses” available to its 5 million customers 12 hours a day,Continue reading “#PFM / Inside personal finance app Albert’s ‘Genius Bar’”

#BNPL / Klarna adding one million new customers each month

For the uninitiated, Klarna empowers shoppers with flexible payments solutions with retailers like Lenovo, Macy’s, Footlocker, Etsy, and thousands of other stores across multiple categories. Users can leverage buy-now-pay-later capabilities with four interest-free payments and no credit impact via the company’s instant approval process. The company also leverages a rewards points system that allows consumersContinue reading “#BNPL / Klarna adding one million new customers each month”

#BankTech / Fair, a neobank and financial services platform, raises $20 million

Fair, a neobank and financial services platform, is set to launch nationwide in April to provide its banking, lending, investment and retirement services. The funding will mostly be used for marketing, public relations and continued technological development… Other recently launched neobanks and banking platforms like Jiko and Oxygen have dedicated their seed and series AContinue reading “#BankTech / Fair, a neobank and financial services platform, raises $20 million”

#PayTech / QR codes gain momentum as consumers demand socially distanced payments

It’s a fintech example of everything old becoming new again. The QR code – a technology first used in 1994 by the Japanese automotive industry – will reign as one of this year’s top ten fintech trends… A recent study by Juniper Research forecasts the number of global users of QR code payments will exceedContinue reading “#PayTech / QR codes gain momentum as consumers demand socially distanced payments”

#PropTech #RentToBuy / Divvy Homes secures $110M Series C to help renters become homeowners

Divvy Homes – a startup that is out to help more people realize that dream by buying a house and renting it back to them while they build equity – has just closed on $110 million in Series C funding. Divvy claims to be different from other real estate tech companies in that it aimsContinue reading “#PropTech #RentToBuy / Divvy Homes secures $110M Series C to help renters become homeowners”

#PropTech / Digital servicer Valon snaps up $50M in Series A round

Digital mortgage servicer Valon (formerly known as Peach Street) announced on Tuesday it picked up $50 million in a Series A funding round spearheaded by venture capital heavyweight Andreessen Horowitz. Founded in 2019 and marketed as a mobile-friendly servicer, Valon allows borrowers to make payments, view balances, request information and manage escrows through its cloud-basedContinue reading “#PropTech / Digital servicer Valon snaps up $50M in Series A round”

#BankTech / Fintech startup Narmi closes $20.4m

Narmi works with financial institutions and builds enterprise solutions that span consumer digital banking, business banking and digital account opening… Narmi’s co-founders built the company after they saw that many financial institutions, such as regional/community banks and credit unions, had technology that “for lack of a better word, sucks… It doesn’t move the needle forContinue reading “#BankTech / Fintech startup Narmi closes $20.4m”

#OpenBanking #LendTech / UK fintechs Token and Tradeteq get investment

Open banking payments platform Token and trade finance tech specialist Tradeteq have landed $15 million and $9.4 million, respectively. [Token:] “The capital enables Token to continue driving the shift from traditional payment methods to account-to-account payments by providing the fastest and simplest path to adoption for large merchants, PSPs and banking-as-a-service platforms.” Its use casesContinue reading “#OpenBanking #LendTech / UK fintechs Token and Tradeteq get investment”