PYMNTS
DECEMBER 20, 2017
Passport, company that’s managing much of the technical aspects of how people pay to use public transportation resources in cities like London, Miami and Los Angeles, has just raised $43 million. Read More.
PYMNTS
JANUARY 7, 2021
7) that it was merging with publicly-traded Social Capital in an $8.6 The SoFi deal marks at least the third such transaction done by the Social Capital SPAC, Palihapitiya said in a televised interview on CNBC, adding that the deal was driven by the fact that banking infrastructure isn't currently meeting the needs of U.S. consumers.
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PYMNTS
JANUARY 26, 2020
offering limited services in Los Angeles. The conglomerate’s first Vision Fund invested $100 billion in startups like Uber and WeWork. Monzo launched in 2015, and now serves an estimated 3.7 million U.K. It recently started trialing its banking app in the U.S., The startup spent its initial funds quickly as it pursued expansion.
PYMNTS
AUGUST 14, 2019
The funding round was led by Activate Capital with participation from Goldman Sachs, NGP Capital, Total Group, BNP Capital and others. It is now in 2,000-plus cities including major metro areas like Los Angeles, Reno and Portland. The money will be used to further expand and grow the platform. .
Bank Innovation
DECEMBER 21, 2018
Ben Savage, partner at the Los Angeles-based Clocktower Technology Ventures, told Bank Innovation that the flourishing fintech ecosystem holds both risks and opportunities for banks, […]. There are startups that want to destroy banks and startups that want banks to buy their software.
PYMNTS
OCTOBER 6, 2020
Venture capital firm Greycroft , based in New York and Los Angeles, has raised $680 million to fund new startups, according to Bloomberg , looking for "the next Bumble or Venmo.". The firm plans to invest $310 million in early-stage startups and $370 million in growth-stage startups, the report stated.
PYMNTS
SEPTEMBER 17, 2020
The new initiative will include “concentrated investments that will focus on providing Black-owned businesses and Black people access to affordable financial tools and capital,” Mastercard said in a news release. Mastercard said it will invest $500 million in Black communities across the U.S. This is a time for action.
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