Venture funding

JPMorgan Chase, CFSI announce fourth annual lab challenge


The goal of the competition is to increase diversity in the financial technology industry.


Fintechs see their profile rise, with banks playing a large part


U.S. fintechs attracted $5.8 billion in the fourth quarter as institutions sought an AI edge.


Citi, PNC invest in B-to-B payments fintech


The investment continues a trend of banks focusing on commercial payments technology.


Initial coin offerings: ‘For some, it will end badly’


Venture capitalist Spiros Margaris offers a level-headed perspective on the hotly debated cryptocurrency alternative to traditional methods for funding young companies.


MoneyLion, a personal finance startup, raises $42M


The New York company, which offers loans and provides personal finance advice, plans to expand its product line and invest in new technology with the funds.


Mission-oriented neobank gains $47 million in funding


Rather than charge set fees, Aspiration offers customers name-your-fee accounts and donates to charities based on the amount of money it makes.


Why JPMorgan, Amex, HSBC are backing ‘isolation’ web browsing


In a rare show of public support for a security technology, the banks are leading a $40 million funding round for Menlo Security, provider of browser technology that keeps malware at bay — and they’re using it, too.


How banks can herd ‘unicorn’ clients


Tech startups differ from a bank’s typical commercial clients; many want a trusted financial adviser.


Credit card aimed at thin-file consumers rebrands, raises $12M


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.


Words matter: How gendered discourse could be stifling female entrepreneurship


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.