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Friday, April 3, 2020

Companies

iCapital Partnerships Fuel Massive Growth In Assets Services

iCapital Network has announced the close of a $146 million capital raise led by Ping An Global Voyager Fund. The New York-based company’s flagship platform offers advisors and their clients access to private equity and hedge funds at lower minimums. New investors Goldman Sachs, Affiliated Managers Group, Hamilton Lane and WestCap, also participated in the round, along with existing investors BlackRock, UBS Financial Services, Blackstone and BNY Mellon...

Capital

German Challenger Bank Penta Executes On European Expansion

Berlin-based challenger bank Penta is keeping its growth streak alive, raising new funding—and adding new members to its board of directors—in a round that saw participation from new and existing investors. Since its launch in Germany in 2017, the company has become a digital banking partner for more than 17,000 SMEs...

Leaders

Amazon’s First Female Advisor Bails for SoFi

One of Amazon’s longtime executives has jumped ship to join online personal finance company Social Finance (SoFi). Maria Renz spent 21 years at Amazon, starting out as the product manager in marketing and eventually becoming its first female technical adviser to Jeff Bezos. She compared that position to a “chief of staff,” explaining that her goal was to make Bezos “an even better CEO.”...

Features

BlackRock’s Powerful Aladdin Platform, Over $20 Trillion And Counting

Since the 2008 financial crisis, BlackRock’s technology platform Aladdin has been the world’s most powerful risk management system for some of the largest players in the investment management industry, as well as non-financial companies. But some have expressed concerns about how much power the platform could hold over the economy, especially with the country amid a pandemic...

Popular Articles

The Top 25 Women Leaders In Financial Technology of 2019

The Financial Technology Report is proud to announce and celebrate the exceptional women who are playing leading roles at the companies shaping the financial...

Top 50 Financial Technology CEOs of 2019

The Financial Technology Report is pleased to announce this year's awardees for the Top 50 Financial Technology CEOs of 2019.  Awardees were selected based...

The Top 25 Financial Technology CTOs of 2019

The Financial Technology Report is pleased to announce our inaugural awards for The Top 25 Financial Technology CTOs of 2019.  While CEOs are often...

The Top 25 RegTech Executives of 2020

RegTech has become a primary focal point for those operating within financial services.  Given the number of financial activities under regulatory review, the process...

The Top 25 InsurTech Executives of 2019

InsurTech has long captured the attention of the broader financial technology community as well as insurance industry. In 2019 alone, funding to companies in...

Mobile Fintech Entrepreneur Bassim Haidar Found His Motivation in His Family’s Past

Entrepreneur Bassim Haidar is currently one of Africa's most prominent billionaires--but this hasn't always been the case. Haidar, a Lebanese national, was born in Nigeria and lived there until he was 10. After his family moved to Lebanon, he finished school and attended Beirut University College. What motivated him to start his first business at age 20, however, was quite simple: he was looking to restore his family's lost fortune, a task he has now completed many times over...

Payment Tech Giant Wex Makes Billions, Hires Thousands

Portland-based payment technology firm Wex announced that its revenue increased by 15 percent to $1.72 billion in 2018. The Company also had a strong fourth quarter, with total revenue rising to $440 million from $381.2 million in the fourth quarter of 2018. "2019 was another record year for WEX, capped off by an impressive fourth quarter driven by double-digit top-line growth and strong operating leverage,” Melissa Smith, WEX’s Chair and Chief Executive Officer, said in a statement...

The CapitalG Advantage, Much More than Deep Pockets

Lyft, Snap, Airbnb, SurveyMonkey, Glassdoor, and Duolingo are a sampling of Capital G’s great picks.  The investment firm began in 2013 in Mountain View,...

LendingClub’s CEO Slowed Down Growth to Boost Revenue

Online lending marketplace LendingClub has had a rough few years. After a successful IPO in 2014 that raised over $800 million on a nearly $9 billion valuation, the company soon saw a decline in stock value and eventually the departure of its founder and CEO over suspicious business practices...

Plaid’s CEO Undeterred Even As Co-Founder, CTO Stepped Down

Plaid, the financial technology startup that enables fintech companies to access consumers banking data with their permission, is in a state of flux. Earlier this summer, Plaid, which has a valuation of more than $2.5 billion, announced the departure of William Hockey, co-founder, chief technology officer, and president. Hockey is staying on as a board member and his duties are being handled by the executive team including CEO Zach Perret...