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Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). In May, Brex closed a $150 million funding round led by previous investor DST and new investor Lone Pine Capital, Brex said.

FDIC 166
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VCs And SPACs Raise $1B+ To Invest In Cloud, AI And More Despite Pandemic

PYMNTS

Despite wide-ranging economic uncertainties and a challenging investment environment, venture capital (VC) firms and special purpose acquisition companies (SPACs) are actively raising or seeking fresh funds for investment in the payments space. It also plans to invest in companies where technology is a clear differentiator.

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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. the San Francisco-based online bank, had the last laugh. As a national charter, the bank can offer credit and cash-flow management, the company said. Varo Bank N.A. million.

National 172
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Stripe Launches Custom Analytics Tool for Businesses

PYMNTS

Stripe, a San Francisco-based payment service provider that specializes in online transactions, is expanding its arsenal of financial products to cater to the needs of data-hungry businesses. Stripe is a leading innovator in the financial technology space.

Analytics 106
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FT Partners New Research Report on Digital Wealth Management Features a Dozen Alums

Fintech Labs Insights

The new research report on digital wealth management from Financial Technology Partners is a timely reminder of just how deep the firm’s dedication to and insight into the fintech world goes. So who are the disruptors in the digital wealth management space of whom both FT Partners and Ritholtz speak?

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FT Partners New Research Report on Digital Wealth Management Features a Dozen Finovate Alums

Fintech Labs Insights

The new research report on digital wealth management from Financial Technology Partners is a timely reminder of just how deep the firm’s dedication to and insight into the fintech world goes. So who are the disruptors in the digital wealth management space of whom both FT Partners and Ritholtz speak?

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LendingClub Settles With SEC, DOJ

PYMNTS

“Investment advisers have an obligation to put their clients’ interests ahead of their own,” said Daniel Michael, chief of the SEC’s Complex Financial Instruments Unit, about the decision. “By By using funds managed by LCA to benefit its parent company, LCA and Laplanche failed to do so.”. Attorney Alex Tse. “We lending marketplace.

Lending 135