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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. Since then, the skepticism has evaporated and the CEO of Varo Money Inc. , To date, Varo has raised $419.4

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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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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. million investment award.

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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. Qingshongchou Network Technology. HQ: Rocky Hill, Connecticut. Kikka Capital. Online insurance. Latest round: $134.5

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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.

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From China With Love: AI, Robotics, AR/VR Are Hot Areas For Chinese Investment In US

CB Insights

At issue are concerns that such investments could help China expand its technological and military abilities. We define Chinese investment as participation in private financing rounds by investors (corporate, venture capital, angel, private equity, etc.) Which Technologies Chinese Investors are backing in the US.

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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. Blockchain technology. HQ: Hartford, Connecticut. The post Fintech Fundings: 186 Companies Raised $1.6 FundedByMe.

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