Category: FinTech News
FinTech News
FinTech News
Small Business FinTech Platform Nav Acquires Tillful
Two FinTechs focused on small business finance are joining forces following an acquisition. About the acquisition: This week, the small business financial health tool Nav announced that it was acquiring Tillful. As a result of the deal, the company says it will be able to accelerate the development of its data platform as well as its "product roadmap. With the transaction, many of Tillful's team members will be joining Nav....
FinTech News
Trunk Tools Emerges from Stealth with $9.9 Million Round
A FinTech specifically made to serve the construction industry has built itself an impressive seed round. About the round: This week, Trunk Tool emerged from stealth mode to announce a $9 million funding round. The oversubscribed seed round was led by Innovation Endeavors with Fifth Wall, Foundation Capital, and others also participating. Furthermore, the company announced that it had been accepted into the latest Stanford dy/dx program. With the new...
FinTech News
TheStreet and Tornado Launch Investing News and Education App
Well-known finance site TheStreet and FinTech brokerage platform Tornado have debuted a new mobile app that merges the strengths of each. About the app: The new app called TheStreet powered by Tornado is now available for iOS and Android free of charge. According to the two companies, the app combines breaking investment news from TheStreet with Tornado's tech, data, and "a vibrant investing community." Among the features called out in...
FinTech News
On-Demand Worker Pay FinTech Clair Raises $175 Million
A FinTech that helps workers receive their pay in a more timely manner has raised a new round of funding. About the round: Clair has announced that it's raised a total of $175 million. This round includes $25 million in equity as well as a $150 million debt facility. As for the equity portion, it was led by returning investor Thrive Capital with participation from Upfront Ventures and Kairos. Additionally,...
FinTech News
Goldman Sachs Reportedly Looking to Sell Apple Card to Amex
It looks as though Goldman Sachs may be looking to pass on the Apple Card to another issuer — specifically American Express. What's happening: According to the Wall Street Journal, Goldman Sachs is currently in talks with American Express to sell its Apple financial services portfolio. This would include the Apple Card as well as the recently-launched Apple Card Savings and Apple Pay Later "buy now, pay later" products. Launched...
FinTech News
U.K.-Based FinTech Volt Raises $60 Million for U.S. Expansion
A real-time payments startup from the United Kingdom has raised a new round of funds ahead of a planned expansion to the United States. About the round: Earlier this week, Volt announced that it had raised $60 million. The Series B was led by Silicon Valley-based IVP, while newcomer CommerzVentures as well as existing investors EQT Ventures, Augmentum Fintech PLC, and Fuel Ventures also participated. To date, the company has...
FinTech News
