FinTech news in Gaingels category
When you include a wider variety of people in investing, it can impact the entire system from the cap table to the boardroom to founders, executive teams, and workforces, and it can lead to more diverse wealth creation over time because some percentage of the startup investments pay out. The couple has been involved in investing on their own, including investments in SpaceX and Robinhood, but they want to create a network to bring in people they know, who have not been asked to be involved in startup investments. Shruti Challa and her husband, Patrick Ekeruo, launched Community Growth Capital this year to give people like this access to later-stage deals with the goal of democratizing growth-stage cap tables. General partner Lorenzo Thione said that the group of people involved in venture investing in the past has been very narrow, and he sees that as a missed opportunity by the venture community.
Crypto custody and fintech infrastructure startup Prime Trust is positioning itself to do just that, and the company has just raised over $100 million in fresh funding to add new products to its existing suite.
According to Mack, Middesk allows service providers to form a picture of their customers and offer products they might need to establish, operate, and maintain their businesses.
Accern provides AI-powered apps and natural language processing (NLP) models trained to recognize, classify and extract domain-specific financial language. Accern, which uses AI to analyze online conversations around particular companies, trends and industries, today announced that it raised $20 million in a Series B round led by Mighty Capital alongside Tribe Capital and others.
Tribevest plans to use some of the proceeds from its seed round to launch formal partnerships with investment platforms similar to Roofstock, which will allow users on those platforms to make investments directly through their Tribevest account at checkout, Smith said, though he declined to name any specific platforms the company plans to partner with.