Venture capital

What Citi sees in Even Financial


The bank helped raise $25 million for the fintech because of its potential to bring banks and nonbanks together in a virtual marketplace.


Farmers National expands near Cleveland with Maple Leaf purchase


Farmers will pay $40 million for the bank, which is in an affluent area in northeast Ohio.


Shakeout predicted in automated wealth management


Traditional players are getting innovative, and upstarts are becoming more sophisticated. The survivors will be companies that offer consumers an array of easy-to-use services, a venture capitalist says.


CRE meets AI in fintech's tool for lenders


Blooma has developed a software product that combs databases to create property profiles for commercial real estate lenders. It can drastically cut origination costs and approval times and help banks identify safer loans, the company says.


Challenger banks rake in venture capital bucks


Changing consumer attitudes about these companies and the emergence of open banking have made them appealing to venture investors, whose commitments rose 15% in the first half of the year.


Warren bill takes aim at private equity 'vampires'


A centerpiece of her “economic patriotism” bill is to transform private equity firms, which she said will buy a company and bleed it dry before “walking away enriched even as the company succumbs.”


Varo Money raises $100M, files deposit insurance application


The new funding comes as the challenger bank inches closer to gaining regulatory approval for a national bank charter.


Goldman Sachs invests $28M in German fintech set for U.S. debut


Raisin, an online marketplace that aggregates high-yield savings accounts in Europe, aims to launch in the U.S. in the next nine to 12 months.


Which fintechs are best positioned to handle a recession?


In a downturn, some fintechs, such as independent lenders, will be more vulnerable to economic forces than those working to service banks' regulatory needs.


Fintech MX gets $100 million in funding to expand operations


The fast-growing fintech, which says its mission is helping banks be better consumer advocates, will use its cash infusion for hiring, software development and new partnerships.