FinTech news in investors category

Passthrough competes directly with firms like Anduin and Plus Subscribe, which offer a suite of investment fund services including customer relationship management systems, investor portals and data storage. According to Flannery, Passthrough has processed billions of dollars in investments for more than 12,000 unique investors and over 250 customers, including $50 million venture firms and $100 billion dollar-plus global asset managers. Our goal is that no matter how investors invest into a venture fund, private equity fund, or any other alternative asset, Passthrough will be the one powering it. Flannery says that the round — which values Passthrough at $50 million — will be put toward product R&D, marketing and scaling Passthrough’s core offering.

The company rebooted ODF, which helps founders scale their startups through IRL and virtual programming, as well as On Deck Scale, a program for founders behind high-growth businesses to understand how to become better leaders. On Deck, a tech company that connects founders to each other, capital and advice, has conducted another round of layoffs just three months after laying off a quarter of its staff. On Deck, not to be confused with small business lender OnDeck, is a company that provides capital and network support for emerging fund managers and founders. In a message to community members that was obtained by journalist, Booth said the company would issue refunds for current On Deck Climate Tech participants.

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.