FinTech news in Atlanta category

a16z wrote its largest individual check ever, at $350 million, to Flow, Neumann new residential real estate company focused on rentals, the New York Times reported today.

Parents must opt into the automatic investment feature, and if they don’t want their funds invested in the ETFs Greenlight pre-determines are relatively safe, they can also choose to invest that cash in other ways through Greenlight investment app or opt for the cash to go directly to their bank account, Sheehan said. The Greenlight-branded card, offered through Mastercard, offers up to 3% unlimited cash back on all purchases and gives parents the option to automatically invest those cash rewards in stocks and ETFs to spend on family-related expenses, co-founder and CEO Tim Sheehan told journalist. Sheehan said the company considered designing the card so cash back accrued into a 529 plan, a tax-advantaged educational savings account parents can open on behalf of their children. Plenty of investment platforms, including Bank of America, Fidelity and Charles Schwab, offer credit cards that automatically invest cash rewards into the market, but Greenlight hopes its focus on families and their needs will help it stand out.

Ghost Financial is developing API integrations with point-of-sale systems, like Toast, and delivery apps, like DoorDash, so it can pull metrics that represent areas including operational health and efficiency, hourly and daily sales, average food preparation ties, ratings and reviews to determine credit limit and provide an instant loan decision. After operating his own ghost kitchen, Keto Kitchen, in Austin for the past year, serial entrepreneur John Meyer saw that fintech resources for the industry were lacking.

With regard to continued funding into the autonomous retail space, it still seems to be flowing, as evidenced by AiFi and some additional companies, including French convenience store startup Boxy, which announced $28 million in funding a few weeks ago, and Focal Systems, which works with retailers like Walmart.

Groundfloor users have a wide range of reasons for using the platform, from new investors who are looking for a safer alternative to public markets to experienced investors who prefer investing through an app instead of using the broker, Dally said.