First Boulevard raises $5M for its digital bank aimed at Black America

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Barclays adds itemised digital receipts to its banking app in partnership with fintech Flux

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Nivelo nabs $2.5M seed to reduce risk in digital ACH payments

As we plunge deeper into the pandemic, online transactions have become increasingly important, and ACH transactions, the ones that help us get direct deposit of our paychecks or pay our bills, are growing ever more essential. Nivelo, an early-stage startup from a former JP Morgan executive, wants to take the risk out of ACH transactions; […]

In the shadow of Amazon and Microsoft, Seattle startups are having a moment

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Kid-focused STEM device startup Kano sees layoffs as it puts Disney e-device on ice

London-based STEM device maker Kano has confirmed it’s cutting a number of jobs which it claims is part of a restructuring effort to shift focus to “educational computing”. The job cuts — from 65 to 50 staff — were reported earlier by The Telegraph. Kano founder Alex Stein confirmed in a call with TechCrunch that […]

Remitly raises $220M to expand from money transfers to financial services, now at ~$1B valuation

When it comes to financial services in emerging markets, remittances — people sending money to each other across international borders, often not to established bank accounts — continues to be one of the biggest, with the World Bank estimating that $529 billion was sent in and out of lower-income countries in 2018, up 9% over […]

OpenFin raises $17 million for its OS for finance

OpenFin, the company looking to provide the operating system for the financial services industry, has raised $17 million in funding through a Series C round led by Wells Fargo, with participation from Barclays and existing investors including Bain Capital Ventures, J.P. Morgan and Pivot Investment Partners. Previous investors in OpenFin also include DRW Venture Capital, […]

The Amazonization of Whole Foods, one year in

Amazon promised to breathe new tech into the relationship with Whole Foods after putting a $13.7 billion ring on it one year ago. So how did that promise shake out? At the time, Amazon said the goal was to make “high-quality, natural and organic food affordable for everyone.” Bananas, avocados and even tilapia was going to be […]