In the space of a week, Petal and newly-formed spin-off, Prism Data have made two significant announcements, super charging open banking.
When designing an intelligent budget-tracking app, Piere founder and CEO Yuval Shmul Shuminer prioritized functionality, integrations, and meeting the evolving needs of emerging generations. Billed as the“intelligent budget tracker app that’s ready in just two taps,” Piere offers quick functionality and automatic reconciliations and updating.
The VC and startup community are tentatively settling into an optimistic action plan after SVBs failure. SVB Capital is still on the table.
Radiate Ventures bets on companies developing technologies that will drive change and leaders with the persistence to follow through.
A new report by NextGen Crowdfunding documents increasing use of Reg. A+ as the regulatory umbrella for real estate crowdfunding and other financial offerings; Reg. A+ was finalized in June 2015 as a means for non-accredited investors to access private offerings; companies can raise up to $50 million per year under Reg. A+; across all sectors, 131 companies to date have filed under Reg. A+, with 38% of these filings being by real estate and financial services platforms and many others being IT startups; roughly half of the filers are using "Tier 1" rules for Reg. A+, meaning they will continue to register in individual states as well as at the federal level, and half are filing "Tier 2", seeking national fundraising scope while avoiding the added prudence of vetting against state rules. Source
The World Bank predicted remittances would decline by almost 20 percent in 2020, the biggest drop in history; Remitly and...
Economic challenges in 2023 have impacted financial consumers, but not all demographics are affected equally.
A new partnership between Republic and BankProv simplifies the escrow process for companies raising money on the platform.
Along with the challenging economic climate, Robinhood had issues of its own that affected their 2022 earnings.
Santander Consumer USA Holdings describes itself as a technology-driven consumer finance company; they focus on vehicle finance, and have been originating retail installment contracts since 1997; company announced originations for the quarter of $5.2 billion; "Fewer originations are in part due to our disciplined underwriting standards as we are committed to driving originations at the right price and structure, and in part due to increased competition in the prime space," said Jason Kulas, president and chief executive officer. Source