Listen here or wherever you get your podcasts. Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our startup-focused, Wednesday episode, so today we’re counting down important venture rounds and chatting our way through other startup and VC news. Here’s what…

Bilt Rewards, whose platform aims to allow consumers to earn rewards on rent and daily neighborhood spend, has raised $200 million at a $3.1 billion valuation, the company announced today. General Catalyst led the financing, which more than doubles the New York-based company’s valuation compared to its $150 million October 2022 raise. Eldridge and existing…

Banks are boring but necessary. Banks are stable, secure, reliant, resilient and shouldn’t innovate or do things that could increase risk to the system. As a result, banks have been here forever and, love or hate them, will never go away. According to a new report from the Boston Consulting Group (BCG), global banks could boost……

Financial institutions are investing in digital and mobile banking offerings, closing out 2023 with an uptick in digital adoption.  This trend was prevalent in the fourth quarter of 2023 for large and small financial institutions alike.  At Puerto Rico-based, $18.6 billion First BanCorp, digital banking users increased 14% year over year to 443,000, according to…

Technology leaders from KeyBank will join Bank Automation Summit U.S. 2024 to discuss balancing automation and efficiencies and robotic process automation. KeyBank Chief Transformation Officer Dominic Cugini and domain manager of service digitization Mike Reynolds will join the speaker faculty at the summit.  Cugini will speak Tuesday, March 19, at 9:10 a.m. CT on the…

Alinea Invest, a fintech app offering AI-powered wealth management aimed at Gen Z women, has $3.4 million in seed funding ahead of the launch of a virtual AI assistant that will help users with their investing needs. The fundraising comes on the heels of 225,000 downloads of Alinea’s app, leading to a revenue run rate…

Mastercard extended its collaboration with The Clearing House today to allow customers and businesses to use real-time payments.   Mastercard will be the exclusive instant payments software provider for The Clearing House’s (TCH) RTP network, according to a news release from Mastercard. TCH’s RTP network has been gaining traction since the launch of FedNow, with more…

Banks are boring but necessary. Banks are stable, secure, reliant, resilient and shouldn’t innovate or do things that could increase risk to the system. As a result, banks have been here forever and, love or hate them, will never go away. According to a new report from the Boston Consulting Group (BCG), global banks could boost……

Banks are boring but necessary. Banks are stable, secure, reliant, resilient and shouldn’t innovate or do things that could increase risk to the system. As a result, banks have been here forever and, love or hate them, will never go away. According to a new report from the Boston Consulting Group (BCG), global banks could boost……

Banks are boring but necessary. Banks are stable, secure, reliant, resilient and shouldn’t innovate or do things that could increase risk to the system. As a result, banks have been here forever and, love or hate them, will never go away. According to a new report from the Boston Consulting Group (BCG), global banks could boost……