Deserve is offering unsecured cards to young adults who do not have traditional credit scores. The Silicon Valley startup uses a proprietary algorithm that analyzes bank account activity to evaluate the likelihood that borrowers will repay.
Researchers in Sweden found that venture capitalists often use unflattering language to describe women entrepreneurs. That could explain why women’s applications for funding were rejected more frequently than men’s.
The federal agency's investigative report concludes that crowdsales of blockchain tokens known as initial coin offerings may need to comply with securities laws.
The Spanish bank's VC arm added two companies focused on artificial intelligence to its portfolio this week. Both firms promise to help banks connect better with customers.
LendUp is seeking to differentiate itself from competitors by making fast loan decisions and designing its customer experience around the mobile phone.
Suni Harford is off to UBS, Nina Fanlo is leaving SoFi, and Shaza Andersen is selling the bank she founded. Also, you should hear how venture capitalists talk about female entrepreneurs.
The roughly $2 million investment comes as banks keep joining (and in some cases, leaving) various distributed-ledger projects as they try to pick the winners in a young field.
