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The fintech, which translates foreign credit reports to help immigrants get loans, says it has raised millions from venture capital firms and celebrities like Alex Rodriguez and U2's The Edge because its product addresses important economic and social needs.February 12
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Ed Skyler, the bank's global head of public affairs, says a newly established $150 million fund will make equity investments in firms seen as having a positive impact on society.February 10
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Ludwig, a former regulator and CEO of Promontory Financial, and Mahan, the head of Live Oak Bancshares, say they want to back tech startups that support community banks. The ABA and ICBA are among the fund's investors.January 22
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The challenger bank might use the proceeds from its latest funding round to buy other fintechs that would allow it to add more products and services, its CEO said.December 6
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The State Bank Group and The Provident Bank are backing Neocova, which focuses on community banks.November 13
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HMBradley will assign interest rates according to how much customers set aside from direct deposits each month.November 8
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The company will use the funds to increase research and development efforts as well as expand its global presence.October 3
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Mission Lane, which was spun off from LendUp in December, said Monday that Shane Holdaway took the helm in August after roughly a year serving as CEO of Barclays' U.S. consumer bank. The upstart lender also announced that it has raised $200 million in equity funding.September 16
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The bank helped raise $25 million for the fintech because of its potential to bring banks and nonbanks together in a virtual marketplace.September 6
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The Independent Community Bankers of America provided seed funding for Teslar Software, which supplies community banks with a platform to manage data from different internal systems.August 27
