Tag: funding

May 11, 2023

Other investors joining the funding round include Story Ventures, Core Innovation Capital, and RiverPark Ventures. The round also includes strategic investments from Synchrony and Samsung Next. Founded in 2016, Petal helps people build their credit scores by providing access to […]

January 30, 2023

The company says the new funding facility will enable it to increase loan originations and grow its portfolio as it looks to accelerate its growth. It also plans to expand its product offerings to include retirement interest-only mortgages, term mortgages […]

January 25, 2023

The total funding is made up of a mix of revolving credit facility capacity and new term loan funding. The revolving credit facility has been provided by Barclays ($100 million) and Angelo Gordon ($60 million), and the $100 million in […]

October 26, 2022

The oversubscribed round was co-led by Mendon Venture Partners and National Bank Holdings Corporation and saw participation from banking giant JP Morgan, which came in with the largest investment. Existing investor Patriot Financial Partners and new investors Discover Financial Services, […]

October 3, 2022

A New York doctor last week pled guilty to performing unnecessary surgeries as part of a scheme by doctors and lawyers to obtain insurance reimbursements and other compensation from fraudulent trip-and-fall accidents, according to federal prosecutors. A litigation funding company […]

June 20, 2022

Other investors in the round include footballer Paul Pogba, who has joined Wahed as brand ambassador, and a number of family offices and institutions. The Series B round will support the start-up’s ongoing growth phase, with plans to launch an […]

March 11, 2022

At the core of the partnership is an agreement to “go-to-market jointly to launch credit cards with issuers worldwide on Zeta’s modern, cloud-native, and fully API-ready credit processing stack”. The payments giant has also invested $30 million, alongside other investors, […]

November 8, 2021

The round was led by Californian tech-focused VC firm March Capital, with participation from B Capital, Point72 Ventures, Fintech Collective, Reciprocal Ventures, Wells Fargo and Pacific Western Bank. Founded in 2017, Extend says it wants to modernise the payments industry […]

August 3, 2021

The challenger says the funds take its total valuation up to $1.62 billion, making it the country’s latest banking unicorn. The raise also included participation from Andreessen Horowitz, CRV, and Sapphire Ventures as well as a number of angel investors. […]

June 2, 2021

MotoRefi works directly with US credit unions and other lending institutions to enable consumers to refinance their auto loans, claiming an average saving for consumers of $100 a month on their car payments. With the new injection of funds, the […]

May 24, 2021

Led by Ribbit Capital, the round also saw participation from existing investor Sequoia Capital. “This latest round caps an incredible 12 months for Vise,” the company says. “Since our Series A round last May, we have increased our assets under […]

February 26, 2021

This new facility includes $100 million from Silicon Valley Bank (SVB), and $26.6 million from Trinity Capital. It is Petal’s first asset-backed facility with SVB and Trinity Capital. The firm says it complements its existing $300 million facility with global […]

January 29, 2021

Milo aims to help international buyers access credit in the US. “Banks had neglected us, lenders avoided us, and others just wasted our time,” the firm states on its website. “This frustration led to action and compelled us to create […]

November 12, 2020

SME Finance has received the backing to help it service small and medium-sized enterprises (SMEs) in Lithuania, Latvia, and Estonia. The firm provides finance for the transport, retail, wholesale, production, and services sectors. Clients can apply using its “full automated” […]

September 25, 2020

The fresh capital puts Robinhood’s valuation at $11.7 billion, an increase of $700 million since last month. Commits for the latest $460 million came from existing investors. These include Andreessen Horowitz, Sequoia, Ribbit Capital, 9Yards Capital, and D1 Capital Partners. […]

May 21, 2020

The investment is part of a bigger strategic partnership which will see the US card issuer giant co-create data products with the cloud-based firm. The move is part of Visa’s wider play to provide its users with better access to […]

January 22, 2020

On the Road Lending has received a loan of up to $10 million from the Goldman Sachs Urban Investment Group to fuel expansion of its successful initiative across underserved communities throughout the Southeastern U.S. On the Road Lending helps clients […]

December 16, 2019

Goldman Sachs has announced the strongest fossil-fuel finance restrictions of any major U.S. bank, a move conditionally embraced by advocacy groups such as the Sierra Club. Goldman GS, +2.10% , with its Sunday announcement, becomes the first of the large […]

September 28, 2018

The round included new investors Extol Capital, and a “multi-billion dollar international investment fund” along with participation from existing investors GV (formerly Google Ventures), Kleiner Perkins, Silicon Valley Bank, Trend Forward Capital, and Pantera Capital. This funding adds to the […]

May 1, 2018

CIT Direct Capital, the national online small business lending unit of CIT Group, announced the results of its new survey conducted by The Harris Poll, revealing nearly three out of four small businesses in the U.S. plan to expand their […]