Investors boost Divvy's business expense payments platform
The venture capital firm New Enterprise Associates has led a $200 million funding round in Divvy, a business payments and expense management platform provider. ... Read full article
The venture capital firm New Enterprise Associates has led a $200 million funding round in Divvy, a business payments and expense management platform provider. ... Read full article
Banks once again are finding themselves in the political crosshairs over customers they finance, but this time it’s community activists, not the government, leading the charge. ... Read full article
The New Jersey bank is offering fintechs ways to stay compliant with consumer protection regulations. ... Read full article
Apps aimed at the very wealthy have lagged behind those for other groups, but there's interest in developing them, especially ones that track total net worth. ... Read full article
Total loans at Old Dominion National Bank have tripled since 2016. ... Read full article
The nonprofit is turning to banks and social impact investors to support a newly created fund designed to significantly increase the size of its loan portfolio over five years. ... Read full article
MSD Capital, which manages the assets of Michael Dell, and Endicott Management will pay $141 million for a 15% stake in the U.S. unit of Israel's Bank Leumi. ... Read full article
Banks plan to spend more on blockchain and AI in the coming year, and appear willing to explore new technology partnerships. ... Read full article
The Dutch government sold a third stake in ABN Amro Group NV, taking advantage of a rally in the shares of the nationalized lender. ... Read full article
The consumer banking experience still needs work. But instead of investing money in consumer-facing products, we must invest in critical yet less sexy infrastructure improvements. ... Read full article
Policymakers speak of expanding consumer choice, but for the vast majority of borrowers and investors, standardizing choices that make the most financial sense has greater merit. ... Read full article