Economic News
FinTech News
Robinhood Adds to Latest Funding Round for $600 Million Total
The popular trading app Robinhood has just announced that it's raised even more money. As TechCrunch reports, the FinTech has more than doubled its previously declared $280 million Series F by raising another $320 million. Following this round, the investment platform is now valued at $8.6 billion. For the record, the additional funds were raised at the same valuation as the rest of the round, although the extra cash has...
FinTech News
SoFi Re-Applies for a National Bank Charter
SoFi — short for "Social Finance" — is ready to become a bank. This week, the FinTech filed for a national bank charter with the Office of the Comptroller of the Currency (OCC). In their application, SoFi says having its own bank charter would help lower their funding costs by simplifying their business model. That said, some restructuring may be in order due to SoftBank's large investment in the FinTech....
Small Business News
Small Business Optimism Ticks Up But Threats Still Loom
The past few months have certainly been challenging for a number of the country's small businesses. Between mandated closures, necessary adjustments and investments required for reopening, and on-going health concerns, business owners have been hit on multiple fronts. Nevertheless it seems as though some are starting to see some hope. According to a recently-released survey conducted by the National Small Business Association, optimism among entrepreneurs is slowly increasing. To be...
FinTech News
FinTech nCino Plans Initial Public Offering
It looks as though another FinTech initial public offering could soon be upon us. This week, nCino announced plans to go public. As TechCrunch reports, the firm is currently eying a share price between $22 to $24. With nCino planning to issue 7.625 million shares, the IPO could raise as much as $183 million and put the company's value somewhere in the neighborhood of $2 billion. The stock is set...
FinTech News
Chainalysis Announces Expansion of Series B to $49 Million
The blockchain analysis company cleverly named Chainalysis has just upped its latest funding effort. Originally announced last year as a $36 million round with participation from Accel, Benchmark, MUFG, and Sozo Ventures, Chainalysis has now expanded the Series B by $13 million. The additional investments come from Ribbit Capital and Sound Ventures. As part of the deal, Ribbit Capital General Partner (and former Under Secretary for Terrorism and Financial Intelligence at the...
Small Business News
NASA Announces $51 Million in Small Business Investments
Recently, the world watched as the results of a major private-public partnership took to the sky. On May 30th, the SpaceX Crew Dragon spacecraft carried two NASA astronauts from Cape Canaveral, Florida to the international space station. On the heels of that accomplishment, NASA has revealed the next round of companies developing tomorrow's big breakthroughs, announcing the latest recipients of their Small Business Innovation Research (SBIR) and Small Business Technology Transfer...
Economic News
