💡 Discover FinTech

Stripping out all that marketing jargon, Mosaic provides dashboards, modeling and data visualization tools geared toward financial planning use cases, allowing users to quickly share insights with stakeholders.

That was the disparity that led three payments engineers to found Payrails, a startup has developed a framework to build and operate more stable enterprise payment services. Enterprises and marketplaces that need to take and make payments across multiple geographies and products have typically relied on mix-and-match bags of third party services patched together by teams of engineers with some of their own code.

Keeta, a new startup developing an instant and secure way to make cross-border payments, raised $17 million in funding from a group of investors led by former Google CEO Eric Schmidt.

Gradient Ventures and Fin Capital co-led Vault’s US$3.7 million seed raise, which closed last year and included participation from The Fintech Fund, Exponent Capital and Thirdbase Capital. Vault says it partners with regulated financial institutions and that its customers can see which financial institution is holding their funds via their accounts page.

Co-founders and industry angel investors, Arman Anatürk, Camille Bossell and Emilie Dellecker launched the Switzerland-based entity out of stealth Tuesday to joins similar groups, like Vauban, Odin and Roundtable, in helping founders, fund managers and syndicates in the climate tech industry raise capital from their networks for their own raises.

Byju’s recently secured a $250 million in fresh funding at a valuation cap of $22 billion earlier this month, indicating that the startup continues to be valued higher by other backers.

The company, founded by Rene Saul and Fernando Sandoval in 2020, got started after the pair sold their previous business and wanted to build a platform that could provide a way for small and medium-sized businesses across Latin America to have all of their financial needs, including cash flow, credit and investments, all in one place.

NY Mag piece detailed a lawsuit brought on by three former employees as well as alleged fabrications and inappropriate behavior on the part of Curtis. The startup also planned to build out a LGBTQ+ business marketplace and a platform that offered discounts and rewards when members shop at merchants whose actions support the queer community.

But Chu points to firms like Apollo Global Management (full disclosure: the owner of journalist’s parent company), Ares Management and Blackstone, all of which have developed large private credit operations, as supporting evidence that private credit has its merits.

Obie, a real estate-focused insurance technology company, has raised $25.5 million in a funding round led by Battery Ventures. Since the company last raise – a $10.4 million Series A – nearly two years ago, the startup says it has gone from securing insurance for over $3 billion worth of property to $20 billion worth.

Founded out of London in 2014, Smart emerged in the wake of the U.K. government’s auto-enrolment pensions legislation two years previous, mandating that employers provide a workplace pension scheme by default rather than requiring workers to opt-in.

The Mint will be a three-month accelerator, based out of San Francisco, that cuts $500,000 checks in exchange for 10% equity in between six to ten startups.

A majority of consumers approved for Petal credit cards since its 2018 launch had either thin or no credit history when they were first approved, according to Rosen. Prism Data essentially takes the cash flow underwriting technology the company initially developed for use at Petal, and makes it available to any lender, fintech or financial institution.

The company secured $10 million in funding to do just that: provide APIs for developers to add revenue-generating payroll solutions inside their own software products for an all-in-one platform.

Down the line, the goal is to build an age-based, risk-tolerance-based deaccumulation ETF, Nazemi said, as well as a product called a home pension, where Charlie can enable users to use a portion of their home equity to supplement their social security check.

. Liquidity is part tech platform and part lender, using its technology to make decisions on deploying debt facilities and other financial solutions from $5M to 100M relatively quickly compared to more ponderous processes.

Certain startup-types have been a little more impervious to market conditions. The global supply chain was one of the major industrial casualties of the pandemic, so it perhaps goes without saying that companies tackling issues related to the global supply chain would remain an alluring proposition for otherwise hesitant venture capitalists.

The fund, sixth overall for 3one4 Capital, was oversubscribed to $250 million but the firm is accepting only $200 million to keep itself lean and disciplined, said Pranav Pai, co-founder and partner at 3one4 Capital.

Peter Ackerson has departed from his role as general partner at fintech-focused venture firm Fin Capital and started a new firm, Audere Capital.

On May 2, as first reported by Barron, U.S. Senator Sherrod Brown, chairman of the Senate Banking, Housing, and Urban Affairs Committee, wrote a letter to FDIC Chairman Martin Gruenberg expressing concerns about Tellus’s claims