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Digital Car Insurer Metromile To Go Public Through Merger With INSU II

PYMNTS

The combined company, to be led by Metromile CEO Dan Preston , will have a pro forma market capitalization of approximately $1.3 Investors Social Capital, Hudson Structured Capital Management, Miller Value, Clearbridge and Mark Cuban have committed to investing $160 million through a private placement of INSU II Class A common shares.

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Market Commentary: Week of July 13, 2020

SWBC's LenderHub

What Happened: Despite worsening COVID news, stocks—particularly tech stocks—managed to explode higher for the week with the NASDAQ hitting another all-time high on Friday. Nationwide, daily COVID cases rose to 60,000 per day with Texas, Florida, Arizona, and California leading the way.

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Market Commentary: Week of July 6, 2020

SWBC's LenderHub

What Happened: Despite worsening COVID-19 news, stocks managed to explode higher for the holiday-shortened week with the NASDAQ hitting another all-time high on Thursday. Nationwide, daily COVID cases rose to 50,000 per day with Texas, Florida, Arizona, and California leading the way.

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Robinhood's Newest Funding Round Grows To $660M

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Trading FinTech Robinhood Markets Inc. We've raised an additional $460 million in subsequent closings to our Series G to support our core product and customer experience and new offerings like cash management and recurring investments,” the representative noted.

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Community Banks Debut FinTech Alliance

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The group, to be known as Alloy Labs Alliance, according to a press release , is being managed by FinTech Forge. Arizona, which launched a “sandbox” earlier this year, said last week that there is a new participant in that FinTech-driven initiative. Here In The States.

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Delivering A Secure Seamless Banking Experience In The Age Of COVID-19

PYMNTS

One such player is Arizona Federal Credit Union (Arizona FCU), which is working to offer improved access to its 130,000 member-owners. These solutions are playing a particularly important role as bad actors ramp up their attacks to capitalize on chaos and confusion arising from the ongoing pandemic.

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Bitcoin Daily: Overstock CEO Shares Movement In Bitcoin Efforts; Russia Might Be Open To Crypto Trading

PYMNTS

Overstock CEO Patrick Byrne said that he welcomes Facebook ’s entry into the cryptocurrency market. Byrne predicted that security tokens will reduce friction in capital markets while also improving price discovery. This partnership opens the door for massive expansion of bitcoin access to new markets around the globe.”.

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