In its first funding in 7 years, profitable fintech Lower raises $100M Series A led by Accel

Lower, an Ohio-based home finance platform, announced today it has raised $100 million in a Series A funding round led by Accel. This round is notable for a number of reasons. First off, it’s a large Series A even by today’s standards. The financing also marks the previously bootstrapped Lower’s first external round of funding […]

Reading the IPO market’s tea leaves

Although it’s a truncated holiday week here in the United States, there’s been a bushel of IPO news. This morning, we’re going to sort through the updates and come up with a series of sentiment calls regarding these public offerings. The Exchange explores startups, markets and money.  Read it every morning on Extra Crunch or […]

2021: A SPAC odyssey

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Contrary Capital wants to invest in the next big tech mafia

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SoFi goes international with acquisition of Hong Kong-based investment app 8 Securities

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Launching out of YC, Blair is aiming to reshape the financing of college tuition

It’s generally agreed that Higher Education in the United States has gradually become more and more unaffordable. Students are dependent on external financial resources for which many of them do not even qualify. Students that are able to secure a loan, often have to take on debts they can’t really afford. And if they don’t […]

Embedded finance, or why fintech mega VC rounds have become so common

How dozens of fintech companies finally found the formula for profits Danny Crichton 1 day Another day, another monster fintech venture round. This morning, it was personalized banking app MoneyLion, which raised $100 million at a near unicorn valuation. Last week, it was N26, which raised another $170 million on top of its $300 million […]

US mobile bank MoneyLion raises $100 million at ‘near unicorn’ valuation

There’s a new fintech startup in the U.S. that is inching closer to the unicorn status. New York City-headquartered MoneyLion, which provides customers both financial advice and access to loans and other services, said today it has raised $100 million in a new round to accelerate its growth in the U.S. market. The Series C […]

Startups Weekly: Will the real unicorns please stand up?

Hello and welcome back to Startups Weekly, a newsletter published every Saturday that dives into the week’s noteworthy venture capital deals, funds and trends. Before I dive into this week’s topic, let’s catch up a bit. Last week, I wrote about the sudden uptick in beverage startup rounds. Before that, I noted an alternative to […]

Part fund, part accelerator, Contrary Capital invests in student entrepreneurs

First Round Capital has both the Dorm Room Fund and the Graduate Fund. General Catalyst has Rough Draft Ventures. And Prototype Capital and a few other micro-funds focus on investing in student founders, but overall, there’s a shortage of capital set aside for entrepreneurs still making their way through school. Contrary Capital, a soon-to-be San […]