Fintech News Stories
Carta to launch private stock market in 2021
/Carta, a $3.1B Silicon Valley startup that helps private companies manage equity, will roll out a private share-trading market called CartaX in January, the company said this week.
Read MoreInsurtech Bestow to acquire Centurion Life Insurance Company from Wells Fargo
/Dallas-based digital life insurance provider Bestow will acquire Centurion Life Insurance Company, an Iowa-based insurer with licensing in 47 states and the District of Columbia. Terms of the deal were not disclosed.
Read MoreBanking app Step raises $50M Series B, crosses half a million users in two months
/Step, a banking platform for teens, raised $50M in Series B financing led by Coatue, with participation from a range of known venture capital firms that are returning investors, alongside fintech executives from Visa, Venmo, Square, and Facebook. Celebrity investors include Dreamers VC (led by Will Smith), Tiktok star Charli D’Amelio, Justin Timberlake, The Chainsmokers, Eli Manning, and others.
Read MoreLibra renamed Diem as it seeks regulatory approval
/Libra, the Facebook-backed digital currency, is now called Diem, the latin word for “day”. The Libra Association, the Switzerland-based international body that oversees the currency, will now be called the Diem Association.
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Digital banking startup Current crosses 2 million customers, raises $131M
/Current, a New York-based digital banking startup, has picked up $131M in Series C funding, following a year of “exponential growth” for the company.
Read MoreAs customers embrace wealth management apps, client satisfaction lags behind
/The J.D. Power 2020 U.S. Wealth Management Mobile App Satisfaction Study reports that while customers use wealth management apps more the pandemic, client satisfaction lags behind other consumer financial institutions such as credit card companies, retail banks and insurance companies.
Read MorePoint-of-sale lender Affirm files to go public
/Affirm, an 8-year-old ‘buy now, pay later’ firm founded by PayPal co-founder Max Levchin, filed to go public amid doubling year-over-year revenue in the third quarter and narrowing losses.
Read MoreWealth management fintech Oranj to shut down by end of the year
/Financial Planning first reported that 6-year-old wealth management software firm Oranj is shutting down by the end of the year.
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