Category Archives: finance

Ethos picks up $100M at a $2.7B+ valuation for a big data platform to improve life insurance accessibility

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More than half of the U.S. population has stayed away from considering life insurance because they believe it’s probably too expensive, and the most common way to buy it today is in person. A startup that’s built a platform that aims to break down those conventions and democratize the process by making life insurance (and […] Continue reading Ethos picks up $100M at a $2.7B+ valuation for a big data platform to improve life insurance accessibility→

Commercial real estate lending startup Lev brings in $30M on a $130M valuation

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Commercial real estate has been slow to embrace technology, with most deals still paper-heavy and complicated. Continue reading Commercial real estate lending startup Lev brings in $30M on a $130M valuation→

Most financial services mobile apps still rely on passwords, even with added friction

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Incognia announced a report which highlights results from their most recent study focusing on authentication and friction at login and the password reset process. The study was conducted to provide banking, financial services, and investing/trading mob… Continue reading Most financial services mobile apps still rely on passwords, even with added friction→

Railsbank raises $70M to build out its fintech-as-a-service platform

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Financial services-as-a-service — where entities like neobanks, retailers and others can create and sell their own financial products by way of a few lines of code and APIs — has been one of the bigger trends in the world of fintech in recent years, with embedded finance on its way to being a $7.2 trillion […] Continue reading Railsbank raises $70M to build out its fintech-as-a-service platform→

Consumers trust organizations less after receiving scam messages claiming to represent them

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Callsign revealed that the rise of scams is harming organizations’ reputations across the world. The global study of consumers revealed that just receiving a scam message purporting to be from any brand is enough for 45% of them to lose trust in the or… Continue reading Consumers trust organizations less after receiving scam messages claiming to represent them→

Pleo raises $150M at a $1.7B valuation for its new approach to managing expenses for SMBs

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Whether you are part of the accounting department, or just any employee at an organization, managing expenses can be a time-consuming and error-filled, yet also quite mundane, part of your job. Today, a startup called Pleo — which has built a platform that can help some of that work more smoothly, by way of a […] Continue reading Pleo raises $150M at a $1.7B valuation for its new approach to managing expenses for SMBs→

71% of organizations experienced BEC attacks over the past year

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Business email compromise (BEC) attacks are one of the most financially damaging cyber crimes and have been on the rise over the past year. This is according to GreatHorn report, which revealed that spoofed email accounts or websites were the most expe… Continue reading 71% of organizations experienced BEC attacks over the past year→

Digital identity verification spend to reach $16.7 billion in 2026

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Spending on digital identity verification by businesses will reach $16.7 billion in 2026, from $9.4 billion in 2021, Juniper Research finds. Digital identity verification is where identity is checked using digitally verifiable elements, such as selfie … Continue reading Digital identity verification spend to reach $16.7 billion in 2026→

DataRails books $25M more to build better financial reporting tools for SMBs

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As enterprise startups continue to target interesting gaps in the market, we’re seeing increasingly sophisticated tools getting built for small and medium businesses — traditionally a tricky segment to sell to, too small for large enterprise tools, and too advanced in their needs for consumer products. In the latest development of that trend, an Israeli […] Continue reading DataRails books $25M more to build better financial reporting tools for SMBs→

Novo, a neobank for SMBs, banks $41M

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Small businesses have traditionally been underserved when it comes to IT — they are too big and have too many requirements that can’t be met by consumer products, yet are much too small to afford, implement or thoroughly need apps and other IT build for larger enterprises. But when it comes to neobanks, it feels […] Continue reading Novo, a neobank for SMBs, banks $41M→