Veem, which has developed a global payments network for businesses, announced Wednesday the closing of a $31 million Series C round.
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Last spring, the housing industry was forced to pivot its traditionally in-person processes and harness available technology resources amid the spread of COVID-19. Now, the industry will need to take a step back to figure out which fintech solutions can provide long-term solutions.
The virtual notary services industry has become increasingly popular amid the COVID-19 pandemic.
With the percentage of American households with life insurance policies at historic lows, the industry is turning to technology to attract and retain customers.
Citigroup announced Thursday that its president Jane Fraser would replace Michael Corbat as chief executive in February.
The new, autonomously managed venture capital fund will focus strictly on investing in fintech, enterprise software and “adjacent businesses closely with the financial services industry.”
While deal volume for fintech funding dropped off significantly in the first half of 2020 versus 2019, the sector’s overall VC haul grew substantially, according to a report produced for Mastercard Start Path by PitchBook.
Orchard, which operates a home buying and selling marketplace, has closed on a $69 million Series C round led by Revolution Growth.
The company says its AI will create millions of new data points originating from over 15 years of credit data from over 30,000 lenders in the U.S.
DNX Ventures, a VC firm focused on investing in early-stage B2B companies, has raised $315 million in its third fund.
