News Topic: Funding
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Credit unions need reg relief, not new premiums
To shore up the share insurance fund, the National Credit Union Administration would be wise to give the industry additional temporary investment options. ... Read full article
A way for smaller banks to access tech sandboxes big banks play in
Bond Financial Technologies' platform is designed for community and regional banks seeking fintech expertise. ... Read full article
Digital credit card firm raises millions, partners with City National
The startup now has five bank partners and equity financing from four investment entities. ... Read full article
Fintech venture capitalists to banks: Stay out of our lane
Leading investors say too many traditional financial institutions, out of their depth in fintech investment, end up placing controls that slow down otherwise nimble young companies. ... Read full article
JPMorgan invests in risk management fintech
AccessFintech lets financial firms track trades and aggregates data in order to get a sense of risk across a number of systems. ... Read full article
Online lending startup targets middle-market companies
Neptune Financial plans to use technology to improve the efficiency in making loans to companies with $10 million to $100 million in annual revenue. ... Read full article
Online lender with focus on veteran-owned businesses raises $23M
StreetShares seeks to tap into the loyalties of military veterans, bringing together borrowers and savers through an online platform. ... Read full article
Capital markets foe seeks an end run via blockchain
Overstock CEO and Wall Street gadfly Patrick Byrne wants to create a market free from trading practices he has long decried. ... Read full article
Prosper reports $26M loss despite spike in lending
The San Francisco company is one of numerous online lenders that are struggling to become profitable. ... Read full article
Will the FDIC's next leader be female?
Fifth Third’s new chief legal counsel, Jelena McWilliams, might be changing jobs again and Australia’s first female bank CEO tells all in a memoir. Plus, the advantage with female founders, and young feminists on the rise. ... Read full article
Struggling marketplace lender announces funding deal
Prosper Marketplace will receive as much as $5 billion in loan funding under a deal that will provide investors an equity stake in the San Francisco company ... Read full article
New York online lender secures $300M loan commitment from Jefferies
Bond Street targets small businesses that might be able to qualify for a bank loan but are looking for a faster and easier approval process. ... Read full article
How will CDFIs fare under Trump?
Supporters of the Community Development Financial Institutions Fund, a Treasury program, are weighing the potential for budget cuts against the administration's interest in creating jobs and helping low-income communities. ... Read full article
Banks should slow down to get blockchain right
Bank consortium R3 CEV, one of the most well-funded blockchain working groups, has endured criticism for its meticulous process. But if blockchains are most valuable with a network effect, maybe forgoing some agility is worth the long while. ... Read full article
$100M in debt financing for Texas-based online lender
BorrowersFirst said its new financing will come from Waterfall Asset Management, a New York firm that focuses on high-yield investments. ... Read full article
Riverview Financial in Pa. to sell $17M in stock
The company is selling common and preferred stock in a private placement. ... Read full article
