Automated payments fintech EarnUp announced Tuesday that it raised $31 million in a series C funding round. KeyBank and LendingTree led the round, with investment from participation from Bain Capital Ventures, SignalFire, Blumberg Capital and Flourish Ventures. EarnUp automates payments and uses just-in-time data to streamline mortgage and financing for retail customers, with adjustable autopay […]
The Block Crypto | Frank Chaparro | Mar 9, 2022 The constellation of crypto-focused venture capital funds grew this week with the launch of a dedicated team within Bain Capital Ventures. Bain Capital Crypto, which counts the $155 billion Bain Capital as its largest limited partner, is in the process of deploying $560 million across
Financial institutions are increasingly using automated models to accelerate credit decisions leveraging AI/ML. In order to build the next-generation models to handle these tasks, organizations must design systems that are reflective of the dynamics of a modern economy (prevalence of gig/flexible workers) and have the appropriate supporting data to assess. Argyle is an employment data platform that provides companies with real-time access to employment data that can be used in decisioning. All the data on the platform is user-permissioned, protecting the personal information of the applicant. In terms of employment, decisioning models have far too long stringently relied only on traditional W2 income for assessing worthiness, limiting access to the financial system for otherwise qualified potential borrowers. With Argyle, banking, lending, loan servicing, and insurance companies can get verified, real-time income data straight from the source. In addition to income and employment verification, the company also offers paycheck-linked lending, where loans are repaid directly from paycheck proceeds. The platform contains data and is integrated with 75% of the US workforce, covering 75M employees across 500K employers. AlleyWatch caught up with Argyle Founder and CEO Shmulik Fishman to learn more about how his experience in adtech served as the inspiration for the business, the company's strategic plans, latest round of funding, which brings the total funding raised to $77.6M, and much, much more...
Acorns has raised $300 million in Series F funding. The investment, led by private equity firm TPG, gives the company a valuation of $1.9 billion. The fundraising comes after the company abandoned its plan to go public via a SPAC merger. Savings and investing app Acorns has raised $300 million in Series F funding in Read more...
Bain Capital Ventures’ crypto fund is designed to accelerate the growth of the crypto economy by backing firms and projects that serve users’ needs. (Read More)
Third-party cyber risk management solutions provider VISO Trust this week announced that it has raised $11 million in Series A funding, which brings the total investment in the company to $14 million.