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Alexa von Tobel’s Inspired Capital bets on business neobank Rho

Bank Innovation

Venture capital firm Inspired Capital, which is led by LearnVest founder Alexa von Tobel, is making a bet on business banking startup Rho. Rho, a business banking startup established in 2018, seeks to simplify money management for business owners.

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Pivotus Ventures Co-founder and President Oren Goldschmidt Joins Bank Innovation 2018

Bank Innovation

EXCLUSIVE- Oren Goldschmidt, President at Pivotus Ventures has joined the speaker faculty for Bank Innovation 2018, taking place March 5-6 in San Francisco. The venture capital firm, which is a subsidiary of Umpqua Holdings Corp, is self-described as an “innovation studio with imagining and creating key […].

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U.S. Startups Raised A Record $130 Billion In 2018

PYMNTS

startups had a great 2018 in terms of funding, with new data showing that venture capitalists deployed $130.9 Some GPs and LPs have already expressed concern that excess capital has led to inflated round sizes and valuations. VCs will still have an immense trove of capital to invest.”. billion, marking a new all-time high.

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Things worth reading: 4th July 2018

Chris Skinner

Things we’re reading today include … You could own this former Devon bank with a vault and banking hall Bermuda to Create New Class of Bank for Serving Fintech and Blockchain Companies China Bank’s Capital Almost Wiped Out as Loan Rules Tighten Warren Buffett is in line for a multibillion-dollar … The post Things worth reading: (..)

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Fewer Deals But More Dollars Flowed from VCs to Fintech Startups in 2018

Bank Innovation

Fewer but larger venture capital deals in 2018 translated into some big payoffs for fintechs. Fintech-related funding jumped 38% to nearly $11 billion in 2018, according to the 4Q18 MoneyTree Report from PwC and CB Insights. Deal activity in the space rose to 627 transactions, up from 571 in 2017.

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Fintech Funding Surged 120% in 2018

Bank Innovation

The year 2018 was a great year for fintech funding across the globe. In fact, a new report by CB Insights showed there were about 2,745 investors in 2018, representing a five-year high. […]. This is true not only because the total funding was high, but also because there were more investors in fintech than in years before.

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Capital One Joins Fiserv’s MoneyPass ATM Network

PYMNTS

Capital One has signed on to join Fiserv ’s surcharge-free MoneyPass ATM network. Under the deal , MoneyPass will be made available at over 1,500 Capital One ATMs at Capital One branches, Capital One Cafés and other select locations. While ATMs are highly popular with customers, ATM fees are not.

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