FILED UNDER: Banking

MoCaFi Preparing to Take on Alternative Finance

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Mobility Capital Finance, Inc. (“MoCaFi”) is building a platform that reimagines how financially underserved individuals can live. MoCaFi seeks to provide people with the opportunity to migrate from alternative financial services to more mainstream offerings via a mobile app. In … READ MORE

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FILED UNDER: Accelerators, Banking, Venture Capital

Wells Fargo Startup Accelerator

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The Wells Fargo Startup Accelerator is a semiannual boot camp for young companies that will help them commercialize their ideas and begin selling effectively into the enterprise marketplace and/or the financial services vertical. Wells Fargo is seeking innovations in biometrics, location-based … READ MORE

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FILED UNDER: Banking, FinTech, Startups

Q&A with Dan O’Malley of Eastern Labs

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I was excited to read that Eastern Bank hired the team behind PerkStreet and created Eastern Labs, with the objective of leveraging the bank’s resources and data to build new financial service technologies, and of digitizing the bank. Dan O’Malley, … READ MORE

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FILED UNDER: Alternative Lending, Banking, FinTech

Q&A with Alex Tonelli of Funding Circle USA

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Funding Circle is a crowdlending platform that lets individuals and institutions loan money to small businesses. Founded in the UK in 2010, the firm has about 70,000 registered lenders who have lent more than £223,000,000. Last October, Funding Circle raised … READ MORE

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FILED UNDER: Banking, Startups, Venture Capital

What Simple’s Sale Says

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Last week, BBVA announced that it is buying Simple for $117 million. It’s easy to think of reasons why this acquisition appeals to BBVA. It’s not for assets and deposits. Yes, the 100,000 tech-savvy early adopters who’ve signed up for … READ MORE

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