Tagged: peter thiel

January 10, 2018 @ 4:15 pm By Samantha Hurst  |  

Petal, a credit card startup pioneering “Cashflow Underwriting” as an alternative to traditional credit scoring, announced on Wednesday it raised $13 million through Series A financing round, which was led by Peter Thiel’s Valar Ventures. Founded in 2016, the fintech company is looking to build a… Read More

January 2, 2018 @ 2:00 pm By JD Alois  |  

Peter Thiel, via his Founders Fund, has apparently made an sizable bet on the rising value of Bitcoin.  According to a report in WSJ, Thiel gambled on BTC some time ago buying up to $20 million worth of the cryptocurrency. That investment has since grown… Read More

December 11, 2017 @ 2:02 pm By Samantha Hurst  |  

Just a little over a year after Nick Denton’s Gawker ceased all operations, a group of former employees of the popular website has launched a crowdfunding campaign on Kickstarter to raise $500,000 in order to purchase Gawker through auction. Gawker shut down after Hulk Hogan sued the website… Read More

August 30, 2017 @ 12:30 pm By Samantha Hurst  |  

German-based insurtech start-up Coya has reportedly secured $10 million during its latest seed funding round, which was led by Peter Thiel’s fund Valar Ventures with participation from e.ventures and La Famiglia. According to Business Insider, Coya was founded by two veterans of German lender Kreditech and former Vienna Insurance… Read More

June 13, 2017 @ 7:04 am By Jonathan Nieh  |  

Last week it was announced that fintech wealth management platform Addepar had raised $140 million in its Series D round of funding. The funding round was led by Valor Equity Partners, 8VC and investment manager Harald McPike. Operating System for Wealth Managers Based in Mountain… Read More

June 9, 2017 @ 6:41 am By Jonathan Nieh  |  

Charlotte-based fintech firm AvidXchange, which provides accounts payable and automated payment solutions to midsize businesses, announced a strategic partnership with Mastercard along with a separate capital raise of $300 million. Both the strategic partnership with Mastercard and the capital raise of $300 million will go towards the… Read More

March 30, 2017 @ 7:53 am By Erin Hobey  |  

Kreditech Group subsidiary, LLC MFC  Kreditech Russia, received the status of a Microfinance Company (MFC) from the Central Bank of Russia. A new federal law in Russia aims to make the microfinance market transparent and understandable and requires MFC status for all alternative lending companies operating in… Read More

April 25, 2016 @ 1:56 pm By JD Alois  |  

A new survey published today provides evidence that Angel investors are “not just in it for the money.” Propel(x), a San Francisco-based online investment platform, collaborated with Peter Thiel’s Breakout Labs, MIT Alumni Angels of Northern California and Innovation Node Los Angeles (part of the… Read More

April 17, 2016 @ 6:43 pm By JD Alois  |  

  LenditUSA 2016 was bigger than ever. If you look back just three years the venue and the organizers have scaled what was once a relatively small gathering of 375 industry participants in 2013 to one that is truly a global event with over 3,500… Read More

February 9, 2016 @ 1:55 pm By Samantha Hurst  |  

On Tuesday, organizers of LendIt USA 2016 announced that Paypal’s co-founder and first outside investor in Facebook, Peter Thiel, is set to deliver the keynote address at the forthcoming event. LendIt is considered the largest conference series dedicated to connecting the global online lending community. The… Read More

January 18, 2016 @ 4:28 pm By Samantha Hurst  |  

Peter Thiel, Paypal’s co-founder and first outside investor in Facebook, has reportedly made an investment in Deposit Solutions GmbH, which is considered the first open architecture platform for retail deposits in Europe. Since its establishment in 2011, Deposit Solutions has already mediated deposits in excess of… Read More

January 13, 2016 @ 12:00 pm By Erin Hobey  |  

Nearly one third of Americans will be using a technology company for financial services such as loans, mortgages and payments in five years, reports global P2P platform TransferWise Almost one third of Americans are likely to be using a technology provider and not a bank for… Read More

December 4, 2015 @ 10:44 am By Erin Hobey  |  

  German smartphone bank Number26 will expand across Europe, opening its mobile-only account to consumers in France, Greece, Ireland, Italy, Slovakia, and Spain, according to a release. The expansion brings the total number of countries where Number26 is active to eight, following its initial launch in Germany… Read More

October 14, 2015 @ 8:40 am By JD Alois  |  

Harmoney, the first peer to peer lender to launch in New Zealand, has added some big names to its advisory board.  Accord to a release published by the P2P site, Jon Barlow, founder of Eaglewood Capital and Phin Upham of Thiel Capital have signed up… Read More

August 20, 2015 @ 11:59 am By Samantha Hurst  |  

Marketplace lending platform, Avant, announced on Thursday that two newly secured transactions totaling $339 million in debt financing. These recently minted deals bring Avant’s funding total to $1.1 billion in debt financing, $334 million in equity financing and $400 million raised through the Avant Institutional… Read More

June 18, 2015 @ 10:30 am By Midori Yoshimura  |  

  At the helm of Avant, a Chicago-based consumer loan program named to Forbes’ 2015 list of America’s Most Promising Companies, is founder and CEO Al Goldstein. A serial entrepreneur in technology, consumer services and real estate, Al co-founded Avant with John Sun, now the… Read More

May 28, 2015 @ 11:57 am By Erin Hobey  |  

  WE’VE, a startup that connects consumers conscious design, enables anyone to design collaboratively with makers. Transparency is shared via artisans’ step by step “making” videos.  Having recently launched its Crowdfunder campaign, WE’VE has quickly secured $65K of its $300K goal for the convertible note.  Investors include from… Read More

June 5, 2014 @ 10:26 am By Samantha Hurst  |  

Peter Thiel introduced the 2014 class of new Thiel fellows on Thursday. The fourth set of young entrepreneurs to be award Thiel Fellowships, the fellows will receive support to bring their innovative scientific and technical projects to life, learn entrepreneurship from the group up, and… Read More

June 4, 2014 @ 11:03 am By JD Alois  |  

Big Names Provide Matching Funds to Fix Badly Broken Congress. Political MayDay PAC hit their initial goal of crowdfunding $1 million two weeks ahead of schedule.  Now the social campaign has launched the next phase of its effort by targeting their next fundraising goa of… Read More

January 9, 2014 @ 9:05 am By Charles Luzar  |  

Misfit Wearables CEO Sonny Vu recently spoke at Seattle Pacific University, and as a part of his visit he sat down and was interviewed about his experience in running Misfit Wearables. He shares revelations including the fact that Misfit had VC backing before they launched… Read More