Investment strategies

The company, which has invested $3 million in fintech in recent years, said the value of the portfolio is nearing $14 million.

Built Technologies will use the money to invest in research and development while it builds out its client base.

The fintech company, which was forced to rebrand its cash management product last year after misleading marketing caused a backlash, is seeking a national bank charter.

The system is designed to help banks deliver more personalized financial advice and is meant as a challenge to traditional bank technology vendors.

A new feature from the microinvesting app Stash allows users to accumulate free stock in the companies where they spend money.

Alex Sanchez acknowledges that the U.S. has a lot of banks and many failed in the crisis, but he says a healthy economy needs a fresh supply of community lenders to nurture entrepreneurs.

The company, which has yet to report quarterly earnings, said the moves will turn a profit over time.

Many digital-only robos are slowly adding human advisors.

A 2016 law expanded credit union powers in the Great Lakes State, but it also capped how CUs can invest in GSEs – a move that nearly cost one institution $6 million.

Heartland BancCorp received the funds through a private placement to invest in several possible expansion options.