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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 is the first consumer FinTech to receive a new national bank charter from the U.S. As a national charter, the bank can offer credit and cash-flow management, the company said. Varo Bank N.A.

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Healthcare Tech Company Truepill Raises $75M To Expand

PYMNTS

Connecticut-based healthcare and FinTech investor Oak HC/FT led the funding. Also participating were existing investors Boston-based Optum Ventures, which offers capital and strategic guidance to startups; TI Platform Management LLC., The new service is expected to expand Truepill’s direct-to-patient capabilities.

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Fintech Fundings: 9 Companies Raise $73 Million Week Ending Dec 31

Fintech Labs Insights

The year ends with a total of about $19 billion invested into private fintech companies (includes debt and equity). If you add the $6 billion in new capital raised in the IPOs of Worldpay, Square and First Data, the 2015 total is a nice even $25 billion. HQ: Shelton, Connecticut. Credit risk management. Latest round: $2.1

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

Fintech Labs Insights

With 38 deals reported – one shy of the weekly record – fintech companies raised $303 million worldwide the first week of June. Fintech deals by size from May 28 to 3 June, 2016: Partners Life. HQ: Rocky Hill, Connecticut. Kikka Capital. Tags: Advisors, institutions, investing, trading, risk management. Smartkarma.

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Strategic Insight Buys BrightScope for Reported $35+ Million

Fintech Labs Insights

But RIABiz reports that the acquisition was financed by Genstar Capital and notes “outside sources peg the deal at $35 to $40 million.” We are excited by the opportunity to add retirement data to our portfolio and accelerate our commitment to the asset management industry.” Germany, and Canada.

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Fintech Fundings: 186 Companies Raised $1.6 Billion in June

Fintech Labs Insights

Second quarter closed with a frenzy of fintech fundings with 49 deals announced the last week alone, 10 more than the previous weekly record. Fintech deals by size from 25 June to 1 July, 2016: Paycor. Recurring bill management . Of the total raised, $61.5 million was debt. Total dollars raised YTD is now $17.4 LendingKart.

Company 12
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FinovateSpring 2015 Sneak Peek: Part 8

Fintech Labs Insights

Finaeos automates the back-office and capital raise compliance. Money Amigo makes managing money fast, fair, and friendly. HQ: Westport, Connecticut. And now let us introduce you to the final fourteen companies of FinovateSpring 2015. See you in San Jose! Why it’s great. Founded: 2015. Why it’s great. Founded: 2015.