The Federal Deposit Insurance Corp. plans to unveil a new investment fund to give stakeholders a way to channel capital for banks and support minorities, CNBC reported. The Mission-Driven Bank Fund, as it’s called, plans to invest only in banks working with minority, low-income and...
Grow Credit, which is a Black-owned financial platform for credit building, has raised $106.3 million in a seed funding round, according to a press release. Grow Credit works toward financial inclusion by offering banks, apps, websites and employers a platform to help consumers build credit,...
FinTech company Neo Financial on Wednesday (Sept. 15) announced that Valar Ventures had led its recently completed $64 million Canadian ($50.6 million) Series B fundraising round, bringing its total fundraising to $114 million Canadian (more than $90.6 million) after a recent Series A round. Neo...
Customer identity infrastructure platform Persona on Wednesday (Sept. 15) announced the closure of a $150 million round of Series C fundraising, giving the firm $200 million in investment funding in the past six months. Persona’s Series C fundraising round was led by Founders Fund and...
LinkedIn has debuted the LinkedIn Creator Accelerator Program, part of a $25 million investment to help creators of the business-based social media platform build their audiences and amplify their voices, according to a Tuesday (Sept. 14) announcement. “My team has spent the past few months...
Sending platform Sendoso has raised $100 million in a Series C funding round, money that will be used to speed up its worldwide growth as well as help with hiring new employees and rolling out new products, according to a Tuesday (Sept. 14) press release....
Real estate platform Ribbon on Tuesday (Sept. 14) announced that it has generated $150 million, comprised of $75 million in Series C equity financing and $75 million in additional working capital. The funding round was led by Greenspring Associates, with contributions from current investors Greylock,...
BridgeLinx Technologies is on a mission to consolidate Pakistan’s fragmented trucking and logistics industry. It is the latest company to secure a significant cash injection from investors. According to a Bloomberg report published Tuesday (Sept. 14), the digital marketplace for freight cargo has raised $10...
FinTech startup MODIFI will use the $24 million it just raised in a Series B fundraising to upgrade its platform, which includes allowing customers to do all their trade-related business in one place. The funding round brings the company’s valuation to more than $120 million. ...
