Funding Circle connects small businesses with investors who fund their loans, so they don’t have to go through banks. Lenders benefit by earning higher rates than their money might get elsewhere.
Yodlee Interactive is an ecosystem of financial apps that banks can easily integrate and resell to their customers. The goal is to build the worlds’ greatest developer community around financial services.
Braintree is making another move in the battle to create a digital wallet people actually use. The partnership with online bank Simple is its first direct bank integration for Venmo Touch.
BBVA forms $100 million fund to invest in innovative financial startups.
PayPal now offers pre-paid cash cards for people who rely on cash, but want to shop online.
BankSimple, the not-quite-a-bank provider of front-end services for a number of treasury-focused banks, raised $2.9 million in its first round of funding. First Round Capital, IA Ventures and Village Ventures led the round.
Mobile banking continues to heat up as Banc of America Strategic Investors Corp, the investing (and strangely Francophone-spelled) arm of Bank of America, announced the completion a strategic investing round in mobile banking platform maker mFoundry.