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Wells Fargo backs Dreamscape in large $850m raise
Dreamscape, a real estate development and investment firm, has completed an $850m capital raise backed by financial giant Wells Fargo.
Bilt Rewards lands $150m to help its users “build a path...
Bilt Rewards, a consumer brand for renters, has raised $150m to expand its loyalty programme and credit card product.
Penelope raises $21m for small business financial security
Penelope, which facilitates retirement saving plans for small and medium-sized businesses (SMBs) and entrepreneurs, has raised $21m in pre-seed funding.
Over 100,000 banking jobs predicted to be lost in next five...
Wells Fargo managing director Mike Mayo has claimed he expects automation to eliminate over 100,000 banking jobs over the next five years.
iCapital Network hits $4bn valuation after raising fresh investment
iCapital Network, which is helping to drive access and efficiency within the alternative investment sector, has received $440m in funding to hit a $4bn valuation.
RegTech100 company Theta Lake joins Wells Fargo’s latest accelerator programme
RegTech100 company Theta Lake has joined Wells Fargo Startup Accelerator to help its innovation and growth efforts.
InsurTech Super banks $50m in a Series C round led by...
Subscription-based InsurTech for homeowners Super closed a $50m in an oversubscribed Series C round of funding led by financial services company Wells Fargo Strategic Capital.
Leading US banks to pilot low credit score credit scheme
Some of the biggest US banks have signed up for a government-supported pilot program aimed at using alternative data to provide credit for people with low or no credit score.
Forge Global nets $150m as it receives FINRA approval
Forge Global, a private securities marketplace, has netted $150m in funding, alongside getting approval from FINRA to operate as a single broker dealer.
Financial market infrastructure developer Axoni nabs $31m in its funding round
Financial market infrastructure platform Axoni has closed a $31m funding round from a wave of new strategic investors.