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Millennial-Focused Digital Bank Empower Finance Raises $20M

PYMNTS

San Francisco-based Empower Finance, a mobile banking app aimed at helping millennials save wealth, has raised $20 million in a Series A funding round led by Defy Ventures and Icon Ventures, according to a report. The company, which was founded in 2017, is run by a former Sequoia Capital partner named Warren Hogarth.

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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. There’s a real need for quick, confidential capital and price certainty and for sponsorship in the markets,” he said. 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. 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 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 billion balance sheet. percent annual percentage yield.

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Dote Raises $7.2M For Mobile Shopping App Aiming To Compete With Amazon

PYMNTS

million in a venture capital funding round to compete with Amazon in the eCommerce fashion business. million venture capital funding round in the company, and part of the VC money was secured on Apple’s “Planet of the Apps” startup show. A newly launched retail app called Dote has raised $7.2 Lightspeed Venture Partners led the $7.2

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