First Republic Bank (FRB), on the brink of collapse in the weeks after the Silicon Valley Bank crisis, has finally fallen over, but with a relatively quick resolution into its next chapter: Today the
The U.S. Securities and Exchange Commission has charged Charlie Javice, the founder of student financial aid startup Frank, with fraud in connection with the $175 million sale of the company to JPMorg
Twitter has filed a legal response denying Elon Musk’s counterclaims about the company he’s supposed to acquire — a deal he’s trying to exit by claiming Twitter fraudulently mi
Latino founders of early-stage companies based in the U.S. just got a new potential source of capital. L’Attitude Ventures announced today that it has closed on its first institutional fund, raising
Orum, which aims to speed up the amount of time it takes to transfer money between banks, announced today it has raised $56 million in a Series B round of funding. Accel and Canapi Ventures co-led the
Before even taking its first deposit, Greenwood, the digital banking service targeting Black and Latino individuals and business owners, has raised $40 million — only a few months after its lau
In January, localized payments provider PPRO became the latest fintech-as-a-service startup to hit a billion-dollar valuation when it closed $180 million in funding. As a mark of how payments and e-co
A somewhat nebulous, but high-profile and potentially heavily moneyed joint venture is coming to an end: Haven, the JV created by Amazon, Berkshire Hathaway and JPMorgan Chase, is being “disband
Fintech has come into its own the past few years. Once an area of investment widely derided and avoided by VCs due to its regulated nature and entrenched incumbents, fintech has now emerged as one of
“The best-kept secret in quantum computing.” That’s what Cambridge Quantum Computing (CQC) CEO Ilyas Khan called Honeywell‘s efforts in building the world’s most powerful
After postponing its IPO, WeWork is making big cuts.
Postmates is expected to unveil its IPO prospectus this month.
A number of incumbent banks are known to be developing new digital-first products in a bid to keep the new wave of challenger banks at bay and now it appears that the latest to make that move is J.P.
Atlanta-based Movius, a company that allows companies to assign a separate business number for voice calls and texting to any phone, today announced that it has raised a $45 million Series D round led
According to the filing, Lyft recorded $2.2 billion in 2018 revenue on a net loss of $911 million.
Lyft and Uber’s race to an IPO is heating up. Lyft has selected JPMorgan Chase & Co. as the lead underwriter of its initial public offering, along with Credit Suisse Group and Jefferies Grou
Called Quibi, short for quick bites, the company is creating content with notable filmmakers Sam Raimi, Guillermo del Toro and Antoine Fuqua.
Amazon, BerkshireHathaway and JPMorgan Chase have not been especially public about their plans for how they plan to take on employee healthcare in the US with their new joint venture, but now they hav
Investors panicked this morning upon the news Amazon, JPMorgan Chase and Berkshire Hathaway were teaming up to launch a health insurance company for their U.S. employees. Healthcare is one of the bigg
JPMorgan Chase and Berkshire Hathaway have joined forces with Amazon to form a new healthcare company for all U.S. employees. Details are sparse; there's not even a name associated with the new compan
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