Venture capital

Truist launches a venture capital unit


The new unit plans to connect the startups it backs, such as the global payments network Veem, with experts at the company who can provide business advice.


Silicon Valley Bank helps launch marketplace for gig work


Bolster, a marketplace for executives who can fill roles on an interim or advisory basis, is expected to fill a key need for the bank’s technology and life science clients.


Fintech veterans launch blank-check firm to buy a startup


Betsy Cohen, formerly of The Bancorp Bank, and venture capitalist Ryan Gilbert have created a vehicle to raise hundreds of millions of dollars, purchase a technology company and expand it.


‘We’re all the same size rectangle on the Zoom screen’


Vanessa Colella, innovation chief at Citi, says remote working has had a democratizing effect. She also touches on the types of technology Citi has been incubating, the startups it’s investing in and her efforts at fostering a culture of generosity.


TD payments exec: COVID response breaking barriers, spurring diversity


Jo Jagadish, who joined TD Bank in April as head of commercial products and payments innovation, spent her childhood moving country to country, so she's used to a world without borders — the kind world emerging from the capabilities of fintech and demands of the pandemic.


Which fintechs will survive the pandemic?


Business models and adaptability will determine the success — or failure — of financial technology companies as they deal with fallout from the coronavirus outbreak.


Varo Money gets new backers and closer to bank charter


The mobile bank raised $241 million in its Series D round of funding, and expects to receive approval from regulators to become a nationally chartered bank this summer.


Funding for fintech startups: Down but not out


Venture capital investment has plummeted in many coronavirus-ravaged economies, but larger, profitable fintech firms with the right digital products might still score funding.


Regulators extend comment deadline for Volcker Rule changes


The agencies will give the industry another month to submit feedback on the so-called covered fund portion of the rule "in light of potential disruptions resulting from the coronavirus.”


Citi tries new tack to push its social agenda: Venture investing


Ed Skyler, the bank's global head of public affairs, says a newly established $150 million fund will make equity investments in firms seen as having a positive impact on society.