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Varo Achieves Milestone As First Consumer FinTech To Get National Charter

PYMNTS

Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. Varo coming in as a full national bank, with an already proven market fit and massive demand for more-affordable digital-banking solutions, is a very exciting moment,” Walsh told Bloomberg.

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Samsung Snags Auto Parts Supplier Harman For $8B

PYMNTS

The big buy of the Connecticut-based firm instantly vaults Samsung into the world of automotive technology in a big way. Harman’s entry into the market — 63 years ago — was as an audio pioneer, though in recent years that has expanded under Dinesh Paliwal into a broader-based supplier relationship. for $8 billion in cash.

Samsung 100
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Big Names Embark On Spring Hiring Sprees

PYMNTS

Standing one’s ground in an Amazon -dominated retail market doesn’t happen by accident. The retailer has announced that it will be adding more than 1,000 new employees to its technology teams this year, increasing the size of its tech department by more than a third. The company is investing $3.4

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Dream Payments Closes $10 Million Series A

Fintech Labs Insights

The Series A round was led by the investing division of Fairfax Financial Holdings, FairVentures, and takes the company’s total capital to more than $17 million. In addition to FairVentures, Connecticut Innovations, Real Ventures, and angel investors also participated.

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Strategic Insight Buys BrightScope for Reported $35+ Million

Fintech Labs Insights

One of our earliest alums, financial information and technology company BrightScope , has been acquired by data and business intelligence provider, Strategic Insight. But RIABiz reports that the acquisition was financed by Genstar Capital and notes “outside sources peg the deal at $35 to $40 million.” Germany, and Canada.

Report 12
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Fintech Fundings: 38 Companies Raised $300 Million First Week of June

Fintech Labs Insights

Qingshongchou Network Technology. HQ: Rocky Hill, Connecticut. Kikka Capital. Tags: Institutions, marketing, customer service, retention, NICE Systems (investor), Finovate alum. Source: Crunchbase. Mobile savings account. Latest round: $22.5 million Series B. Total raised: $36.3 HQ: San Francisco, California. SeedInvest.

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55 US Companies That Became Unicorns In 2018

CB Insights

Select Investors: Tencent Holdings, Disney Accelerator, Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners, Vulcan Capital, ICONIQ Capital. Select Investors: Y Combinator, Sequoia Capital, Khosla Ventures, Kleiner Perkins Caufield & Byers, Wellcome Trust, GIC, SoftBank Group, DST Global. Valuation: $12B.