Tag: Wells Fargo

Hello Alice, the 'small business financier', and the Global Entrepreneurship Network (GEN) proudly announced the establishment of a $70m Equitable Access Fund. The initiative aims to amplify credit access among small businesses, particularly those helmed by traditionally under-represented groups.

Dreamscape, a real estate development and investment firm, has completed an $850m capital raise backed by financial giant Wells Fargo.

Bilt Rewards, a consumer brand for renters, has raised $150m to expand its loyalty programme and credit card product.

Penelope, which facilitates retirement saving plans for small and medium-sized businesses (SMBs) and entrepreneurs, has raised $21m in pre-seed funding.

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, 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 has joined Wells Fargo Startup Accelerator to help its innovation and growth efforts.

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.

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, a private securities marketplace, has netted $150m in funding, alongside getting approval from FINRA to operate as a single broker dealer.