Party Round, the startup that wants to transform “your community into your cap table,” announced a $7 million dollar seed round led by a16z on Thursday for its fundraising platform that allows founders to invite friends and colleagues into the capital raising ecosystem.
Single-family home rentals are raising the roof in the U.S. residential market, with a number of high-profile institutional investors scrambling to get in on the action. By one estimate, single-family rentals generate roughly $250 billion in annual rental income, and that figure is climbing. In a September report, the National Multifamily Housing Council cited federal […]
Some years ago, I was interviewing a CFO for an article. He cut an impressive figure – the senior exec of a financial services company at a young age and highly articulate. The interview was good, insightful and helpful. We covered the usual ground, then he floored me with a statement that to him was old-hat, […]
The risks of climate change are top of mind right now. On October 21st, the Financial Stability Oversight Council (FSOC) issued a Report on Climate-Related Financial Risk. This report is in response to the May 2021 Executive Order on Climate-Related Financial Risk. There’s a lot to wade through here, including 35 specific recommendations. But even […]
Fintech company nCino has struck a deal to acquire mortgage tech vendor SimpleNexus for $1.2 billion. It plans to grow SimpleNexus’ presence with banks and credit unions
Bellingham, Washington-based PLACE is the latest proptech to achieve the industry’s coveted unicorn status after it raised $100 million in a Series A round led by Goldman Sachs, the company said Wednesday. Additional funding support from 3L Capital brought the real estate agent business-services platform valuation to over $1 billion.
Amazon UK announced today that it will stop accepting credit cards from Visa on January 19th, blaming the ban on the high cost of processing credit card transactions, according to the Wall Street Journal.
Step aside, BNPL. There’s a new acronym attached to an emerging fintech sector, and San Francisco-based PayZen touts itself as a pioneer in this field. PayZen specializes in what it dubs CNPL — “care now, pay later.” The startup aims to help consumers pay off medical debt without interest and to help healthcare providers move […]
Loan servicing software developer Sagent announced a partnership with Servion Mortgage on Tuesday that will have the fintech powering Servion’s consumer and enterprise tech stack in a seven-year deal.
Over 69 million people in the United States received SSI and/or SSDI in September of 2021. Only about three million of these beneficiaries are children, so that leaves sixty-six million adults receiving monthly cash benefits.
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