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.
Prosper powers a peer-to-peer marketplace that connects people who need to borrow money with people who can lend it to them. This brings its total capital raised to nearly $120 million.
Plaid has raised $2.8 million to continue building its modern API for banking data.
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.
FeeX has built a platform for crowdsourcing financial intelligence. Today it announced closing $3 million led by Blumberg Capital.
AvantCredit looks at a range of data sources and uses machine learning to determine lending risk, rather than relying solely on a credit score. The platform can approve and fund a loan in near real-time.
Most of us will not consider our bank to be a hotbed of innovation. But banks are toying with various open source projects, and are rapidly developing ways to help you manage and share money from a smartphone.
Tibco today acquired Streambase to augment its analytics offering and appeal to the largest financial firms on Wall Street.
The credit score, a first for the industry, is calculated using eight different criteria that are assembled to create an economic and risk profile for a project.
Personal Capital, the startup that claims to be the world’s first digital wealth management service, just raised a $25 million third funding round.
Google takes a minority stake in online investment community Lending Club as part of a $125 million secondary transaction.
Online financial management platform Wealthfront raises $20M from Index Ventures, The Social + Capital Partnership, and Greylock Partners.
Ribbit Capital has closed a new $100 million investment fund, the venture firm announced today.
Los Angeles is turning into a surprising hub for financial technology startups. We profile four of the area’s interesting “fintech” companies.
Electric motorcycle maker Brammo has raised $28 million in a new funding round led by Polaris Industries, the company announced today.
Xignite is out to democratize access to financial data, which has exploded in the past decade with the onset of real-time, 24-hour trading. It is doing so by making that data more accessible via cloud computing and has just raised $10 million in a second round of funding, it announced today.
Omar Khan, the Samsung exec who often introduced the world to Samsung’s latest Galaxy phones and tablets at events, has been hired to lead mobile initiatives for Citigroup.
Yodlee, a company that powers personal financial management (PFM) solutions for major banks and finance portals, now has 34 million registered users worldwide, it told VentureBeat.
Guest Post Rod Ebrahimi is co-founder at ReadyForZero.com, an online financial program that helps Americans tackle debt. You can follow him at @innovatebig.
OpenGamma, a provider of analytics software for the financial services industry, announced today that it has raised $6 million in its second round of funding — even though it doesn’t have a product quite yet.
Douglas Merrill helped launch Google into the online-payments business with Google Checkout. Now he’s looking to help people afford to shop online — or anywhere, for that matter — with a new short-term lending startup called ZestCash, whose site is going live today.
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.