SoFi

Tromzo Raises $3.1M From Innovation Endeavors and Over 25 Leading CISOs to Eliminate the Friction Between Developers and Security Teams

Thursday, October 21, 2021 - 5:00pm

Tromzo's mission is to help eliminate the friction between developers and security.

Key Points: 
  • Tromzo's mission is to help eliminate the friction between developers and security.
  • "Modern application security teams are overwhelmed and frustrated," said Harshil Parikh, co-founder and CEO of Tromzo.
  • While leading security at Medallia, co-founder Harshil Parikh struggled with application security scaling challenges and eventually built an internal solution .
  • Tromzo is a Developer-First Application Security Management Platform that eliminates friction between developers and security so organizations can scale their application security programs.

Stride Funding secures first of its kind $30 million facility with Silicon Valley Bank to support SV Academy's upskilling programs for underrepresented learners

Thursday, October 21, 2021 - 3:07pm

Stride Funding is the leading provider of outcomes-driven funding, such as deferred tuition agreements (DTAs), across alternative and higher education programs.

Key Points: 
  • Stride Funding is the leading provider of outcomes-driven funding, such as deferred tuition agreements (DTAs), across alternative and higher education programs.
  • SV Academy, founded in 2017 and based in San Francisco, supports more than 400 technology employers with high potential and highly connected sales talent.
  • For nearly 40 years, Silicon Valley Bank (SVB) has helped innovative companies and their investors move bold ideas forward, fast.
  • Stride Funding is an outcomes-driven funding platform that supports students and creates transparency around outcomes across alternative and higher education.

Democratizing Access to Capital: Bond Expands Into Embedded Credit

Thursday, October 21, 2021 - 2:00pm

SAN FRANCISCO, Oct. 21, 2021 /PRNewswire/ -- Bond Financial Technologies, Inc. , the leading enterprise-grade platform for embedded finance, announces the availability of its latest product, Bond Embedded Credit.

Key Points: 
  • SAN FRANCISCO, Oct. 21, 2021 /PRNewswire/ -- Bond Financial Technologies, Inc. , the leading enterprise-grade platform for embedded finance, announces the availability of its latest product, Bond Embedded Credit.
  • Embedded Credit, coupled with other Bond products such as Embedded Accounts, Embedded Cards, and Embedded Money Movement, creates the foundational building blocks that support a wide range of financial use cases.
  • "The demand for embedded credit is incredibly strong," said Roy Andrew Ng, CEO and Co-founder of Bond.
  • In addition, Bond currently has many companies on a waitlist looking to build and launch embedded credit solutions for their users.

Fraction Raises Additional $20 million in Series A Funding to Continue to Expand its Product Offering and Enter The US Market

Wednesday, October 20, 2021 - 2:00pm

Notable angel investors of the round include the founders of Brex and the founding team of Bitso .

Key Points: 
  • Notable angel investors of the round include the founders of Brex and the founding team of Bitso .
  • Fraction is a fintech solution that enables homeowners to access the equity in their home with no monthly payments.
  • Since launching in February 2021, Fractions clients have received an average of $350,000 from their home equity.
  • Notable investments include AvidXchange, Bitso, ClearScore, Current, Creditas, Credit Karma, GreenSky, Kavak, Klarna, Konfio, Loft, Mission Lane, Nubank, QuintoAndar, Remitly and SoFi.

QED Investors Hires Alexandra Piedrahita to Grow U.K. Presence

Wednesday, October 20, 2021 - 9:00am

QED Investors, a leading global venture capital firm focused on investing in disruptive financial services companies, today announced it has hired Alexandra (Ale) Piedrahita.

Key Points: 
  • QED Investors, a leading global venture capital firm focused on investing in disruptive financial services companies, today announced it has hired Alexandra (Ale) Piedrahita.
  • Across the U.K. we are seeing significant growth in deal flow from pre-seed to growth-stage companies, said QED Investors Co-Founder and Managing Partner Nigel Morris.
  • Piedrahita received her MBA from London Business School, which she pursued to transition into fintech venture capital.
  • Founded in 2007, QED Investors has invested in more than 150 companies, including 21 unicorns, and has more than $3.8 billion under management.

Pagaya Partners With SoFi to Expand Access to Financial Services and Create Opportunities for Customers

Monday, October 18, 2021 - 12:00pm

Pagaya Technologies Ltd. (Pagaya) , a financial technology company that enables financial institutions to expand access to more customers through its artificial intelligence network, today announced its new partnership with SoFi, the digital personal finance company.

Key Points: 
  • Pagaya Technologies Ltd. (Pagaya) , a financial technology company that enables financial institutions to expand access to more customers through its artificial intelligence network, today announced its new partnership with SoFi, the digital personal finance company.
  • The new partnership will enable SoFi to broaden members access to its financial products.
  • The companys partnership with SoFi is the largest deployment of its technology in the fintech marketplace to date.
  • SoFi is also the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles Rams.

UNITE Dubai - Middle East Private Wealth Gathers on Eve of Expo2020 to Discuss Investment, Trade and Philanthropy

Thursday, October 14, 2021 - 1:38pm

The World Humanitarian Forum, Part of the United Nations discussed topics such as 'Building Forward Better' and on their plans here in the UAE.

Key Points: 
  • The World Humanitarian Forum, Part of the United Nations discussed topics such as 'Building Forward Better' and on their plans here in the UAE.
  • UNITE Dubai and The Private Investment Group are proud to support such initiatives and do all that we can in promoting the UAE and the wider region.
  • The Middle East region's premier resource for informed news, features, and commentary covering sectors as construction, banking, technology and leisure in both English and Arabic.
  • Welthee, is a Decentralized Investment Fund that offers institutions and money managers a disruptive technology for unprecedented risk mitigation methods, diversification through a user-friendly platform.

BYU Law Establishes Geneva and London Law Seminars

Wednesday, October 13, 2021 - 3:00pm

"The Washington Law Seminar has been extraordinarily successful and has provided BYU Law students with unique opportunities to leverage their experience to land preferred jobs in Washington, D.C.," said D. Gordon Smith, Dean, BYU Law.

Key Points: 
  • "The Washington Law Seminar has been extraordinarily successful and has provided BYU Law students with unique opportunities to leverage their experience to land preferred jobs in Washington, D.C.," said D. Gordon Smith, Dean, BYU Law.
  • BYU Law Professor Matthew Jennejohn will direct the London Law Seminar, and Professors Cree Jones and David Moore will direct the Geneva Law Seminar.
  • London Law Seminar students will have the opportunity to live at the BYU London Centre, a BYU-owned facility that provides housing at a reasonable cost in central London.
  • BYU is taking applications now for both new programs, which are open to BYU Law students.The law school anticipates offering the Geneva and London Law Seminar programs each semester going forward, COVID-19 travel permitting.

QED Investors Names Tommy Blanchard New COO

Friday, October 8, 2021 - 4:00pm

QED Investors, a leading global venture capital firm focused on investing in disruptive financial services companies, today named Tommy Blanchard as its Chief Operating Officer.

Key Points: 
  • QED Investors, a leading global venture capital firm focused on investing in disruptive financial services companies, today named Tommy Blanchard as its Chief Operating Officer.
  • Blanchard joins QED from Capital One where he spent a total of 20 years, most recently as managing vice president, business analysis in Capital Ones Commercial Bank.
  • Tommy is a consummate professional with remarkable people skills, said QED Investors Managing Partner and Co-Founder Nigel Morris.
  • Founded in 2007, QED Investors has invested in more than 150 companies, including 21 unicorns, and has more than $3 billion under management.

Reid Collins Announces $300 Million Settlement in Renren Derivative Litigation Benefitting Minority Shareholders

Friday, October 8, 2021 - 3:13pm

NEW YORK, Oct. 8, 2021 /PRNewswire/ --Litigation powerhouse Reid Collins & Tsai LLP today announced the terms of a direct pay cash settlement totaling at least $300 million and resolving the In re Renren, Inc.

Key Points: 
  • NEW YORK, Oct. 8, 2021 /PRNewswire/ --Litigation powerhouse Reid Collins & Tsai LLP today announced the terms of a direct pay cash settlement totaling at least $300 million and resolving the In re Renren, Inc.
  • (The aggregate cash payment to Renren's minority shareholders and ADS holders may exceed $300 million depending on the final determination of the number of shares and ADSs held by non-Defendants).
  • Reid Collins Founding Partner William T. Reid, IV on the resolution of the Renren litigation: "This is an extraordinary result by any measure.
  • Yet indeed, from the vantage point of minority shareholders, we have recovered more for them in this direct pay settlement than the damage claim we set forth in the complaint.