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The Largest Mortgage Lender In The US Is Going Public

CB Insights

Detroit, Michigan-based Rocket Companies — a holding company that comprises mortgage lending brand Rocket Mortgage, among others — is going public. The company filed its S-1 in early July and is looking to raise as much as $3.3B in its offering.

US 45
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VW Will Build Its Own Connected Vehicle Software

PYMNTS

A “new software operating system, to be known as ‘vw.OS’ … will be introduced in VW brand electric cars from 2020 onwards.”. billion, with robust growth expected in the coming years as car brands increase their connected car offerings. Growing Market. Ford provided a strong recent example of that.

Software 100
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Ally Financial Acquires TradeKing for $275 Million

Fintech Labs Insights

TradeKing an online brokerage firm that prides itself on straightforward, low pricing has been acquired by Detroit-based Ally Financial (NYSE: ALLY), a publicly-traded financial services company primarily known for auto-lending. billion in assets under management, will operate under the branding of Ally Financial.

Detroit 12