Venture funding

PayPal makes investment in a Silicon Valley lender focused on subprime consumers


LendUp is seeking to differentiate itself from competitors by making fast loan decisions and designing its customer experience around the mobile phone.


Savings app maker Long Game raises $4M


Long Game uses behavioral economics and the mass popularity of lottery games to redirect lottery spending toward savings.


Citi's Suni Harford joins UBS; the female entrepreneur penalty


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.


Citi joins big-bank brethren in backing blockchain firm Axoni


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.


Why there's a gold rush for bank tech in Europe


Sweeping new data-sharing rules require a substantial IT revamp at large financial institutions.


Why this venture capitalist wants to make traditional VC obsolete


Blockchain Capital wants to raise $10 million by issuing its own digital token, a method the firm says is the future for startups, VCs and everybody else.


Blockchain VC to raise fund through digital token offering


The ICO fundraising model has already yielded more than $230 million for startups.


BBVA increases investment in U.K. digital bank Atom


The Spanish bank said it will continue to be Atom’s main strategic investor and keep two seats on its board.


Upstart (that's the name) raises $32.5M, seeks to license tech to banks


The San Carlos, Calif., firm is following a similar blueprint as other online lenders — launching with a particular loan product, refining its algorithms, and then seeking to expand into other corners of consumer finance.


Why City National Bank is investing in showbiz payments


If you've ever walked past a film shoot, it's easy to see how much more there is to the movies and TV than just the star and director. There's often dozens or even hundreds of other people involved in the production — bit players, stunt performers, musicians and more — and they all have to be paid, at times irregularly and under different rules.