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Ex-Uber Exec To File $250M SPAC IPO Backed By Former Google CEO

PYMNTS

2) for DPCM Capital Inc. , Hims , a direct-to-consumer company selling health products targeted at millennials, is using a SPAC to go public , for example. Josh Harris , co-founder of Apollo Global Management , said the SPAC trend is not a flash in the pan. Emil Michael filed an S-1 prospectus on Friday (Oct.

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Bento for Business Sets Big Goals with $9 Million in Funding

Bank Innovation

Bento for Business wants to provide its customers with money management tools combined with banking solutions, similar to the personal financial management app for millennials, MoneyLion, according to company CEO Farhan Ahmad. For the task, San Francisco-based Bento raised $9 million in a new round of funding today.

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Future Of Fintech Is Moving To San Francisco: Here’s What To Look Out For In 2020

CB Insights

In case you missed it, the 5th annual Future of Fintech (June 14-16) is moving west to San Francisco. assets under management). Kevin Durant, Sequoia Capital, and Goldman Sachs). CEO, Metromile (pay-per-mile auto insurance backed by NEA, Index Ventures, and First Round Capital). And that’s not the only change.

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Cleo Raises $44 Million In Series B For Digital Financial Adviser Platform

PYMNTS

The round was led by EQT Ventures and joined by existing investors Balderton Capital, LocalGlobe and SBI. Its platform, which has 4 million Gen-Z and millennial users, provides customers with insight into their finances and data to make financial decisions. market, and make additional management hires in the San Francisco Bay Area.

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SoFi Attracts Big Name In Latest Funding Round

PYMNTS

The company said it will use the capital to invest in growth and add some muscle to its $2.3 It has around $12 billion in assets under management. Previous SoFi investors include SoftBank Capital and Peter Thiel. The private capital space has attracted a lot of interest lately: Investments in the area grew to $4.4

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This Week In Insurance Tech: Policygenius Raises $100M, Lemonade Enters Pet Insurance, Nationwide Expands Digital Footprint

CB Insights

Gabi , a San Francisco-based digital broker for home and car insurance, raised a $27M Series B led by Mubadala Capital. Capital, AngelList, Burst Capital, Canvas Ventures, CMFG Ventures, Correlation Ventures, Northwestern Mutual Future Ventures, Project A Ventures, and Securian Financial Group also participated in the round. .

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B2B FinTech Investment Not A Total Bust

PYMNTS

Earlier in the week, we reported on the bust that is B2B venture capital this week. For a lot of consumer startups, it’s not always obvious how you are going to monetize, and there is a lot of competition for eyeballs,” explained 500 Startups venture capital lead Dave McClure in an interview last month with Reuters. “For Accounting.

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