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SoFi Expands Into Hong Kong With ‘Automated Investing’ Vehicle

PYMNTS

The opening of a Hong Kong outpost is part of SoFi’s bid to acquire online brokerage firm 8 Securities, while expanding its business and serving up commission-free trading there. The new Hong Kong-based SoFi Invest will also offer “automated investing” along with financial advice and education, per a press release announcing the expansion.

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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). Her role will include legal and compliance oversight including the company affiliate, Brex Treasury LLC, a Securities and Exchange-registered broker-dealer.

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Plaid Technologies Scores $44M Off Goldman Sachs-Led Round

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The week is getting off on just the right foot for the folks over at Plaid Technologies, who are announcing $44 million in new funding. Plaid Technologies announced Monday (June 20) that it had secured $44 million in funding courtesy of a round led by Goldman Sachs Investment Partners.

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The 2023 GonzoBanker Awards

Gonzobanker

GonzoBanker of the Year (Mid-Size Bank) – goes to David Findlay, CEO of Lakeland Financial. Anyone who follows the industry knows this focused institution led by Findlay is all about executing the timeless principles of capital management, credit quality, efficiency and customer service. Grab some popcorn and watch.

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FinDEVr APIntelligence

Fintech Labs Insights

Are you building new financial technology? Be sure to check out coverage from our recent developers conference in San Francisco. The latest from FinDEVr San Francisco 2015 presenters: Let’s Talk Payments interviews Kontomatik CMO, Konstantin Rabin. Stay tuned for details.

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FinTech Startup Revolut Raises $80M In New Funding, Now Valued At $5.5B

PYMNTS

has secured $80 million in new funding at a $5.5 The latest infusion of cash comes from TSG Consumer Partners , a San Francisco-based private equity company, TechCrunch reported. Revolut is also backed by Index Ventures, the global venture capital firm with dual headquarters in San Francisco and London, and a half dozen others.

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FinDEVr APIntelligence

Fintech Labs Insights

Are you building new financial technology? Be sure to register now for the only event exclusively for fintech developers, FinDEVr 2015, Oct 6-7 in San Francisco. Finovate talks payment API security with John Canfield, VP of Risk for WePay. Payments Source features BehavioSec’s biometric security solution (paywall).