Venture funding

Truist launches a venture capital unit

09/16/20

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.

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

08/17/20

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.

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Which fintechs will survive the pandemic?

07/20/20

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

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How Nova Credit caught the eye — and dollars — of A-listers

02/12/20

The fintech, which translates foreign credit reports to help immigrants get loans, says it has raised millions from venture capital firms and celebrities like Alex Rodriguez and U2's The Edge because its product addresses important economic and social needs.

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

02/10/20

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.

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

02/10/20

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.

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Gene Ludwig, Chip Mahan launch $545M fund for bank-friendly fintechs

01/22/20

Ludwig, a former regulator and CEO of Promontory Financial, and Mahan, the head of Live Oak Bancshares, say they want to back tech startups that support community banks. The ABA and ICBA are among the fund's investors.

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Now $500 million richer, Chime eyes acquisitions

12/06/19

The challenger bank might use the proceeds from its latest funding round to buy other fintechs that would allow it to add more products and services, its CEO said.

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Cloud banking provider nCino raises $80 million

10/03/19

The company will use the funds to increase research and development efforts as well as expand its global presence.

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Subprime card lender introduces ex-Barclays exec as CEO

09/16/19

Mission Lane, which was spun off from LendUp in December, said Monday that Shane Holdaway took the helm in August after roughly a year serving as CEO of Barclays' U.S. consumer bank. The upstart lender also announced that it has raised $200 million in equity funding.

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