Chime, Chart IQ, Starling Bank and several other startups have raised millions of dollars from venture capital and private-equity firms this year. Here's what they plan to do with their haul.
Leading investors say too many traditional financial institutions, out of their depth in fintech investment, end up placing controls that slow down otherwise nimble young companies.
Flourish, a fund backed by Pierre and Pam Omidyar, invests in startups that address social and financial inequities yet (key caveat) are still promising moneymakers, a top official of the fund explains.
The former deputy director of the Consumer Financial Protection Bureau shares his thoughts on the bureau's evolution, payday lending, and fintech regulation.
The Salt Lake City company, which connects small-business owners with lenders like JPMorgan and BofA, plans to use the funds to expand its partnerships and customer base.
The core-banking vendor won the investment and ringing endorsements from the trade group and several banks because its open system and cloud delivery could eventually challenge entrenched tech players.
