Author: Fioney Staff
-
Americans’ Concerns About Retirement Savings Increase
With the current pandemic continuing to upend many Americans’ way of life, it seems as though today’s economic issues have workers worried about their financial futures. According to a new survey by Simplywise, 62% of respondents say they are more concerned about their retirement today than they were one year ago. What’s more, this figure…
-
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…
-
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…
-
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…
-
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…
-
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,…
-
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…
-
Uber to Acquire Postmates for $2.65 Billion
After the chance to purchase one popular delivery service fell through for the company, Uber is on to the next. This week the ride-sharing company announced that it intends to acquire Postmates to further grow its own delivery offerings, including Uber Eats. The all-stock transaction is valued at approximately $2.65 billion. Currently the deal is…
