#fintech

#fintech

Today I'm joined by Paul Gu, co-founder and Chief Technology Officer of Upstart. Paul's journey reads like a modern Silicon Valley story-from Chinese immigrant to Yale dropout, he became part of the inaugural class of Thiel Fellows before co-founding Upstart in 2012. Under his leadership, Upstart has gone from zero model training data points in 2013 to processing 91 million data points today. Their AI predicts both default and prepayment likelihood for every month of a loan's term.

Trump Media & Technology Group (TMTG), the parent company of Truth Social, has announced a groundbreaking partnership with Crypto.com | Derivatives North America (CDNA) to launch the first-ever prediction markets embedded within a social media platform. The collaboration will enable Truth Social's users to trade event-based contracts - from elections and interest rate changes to sports outcomes and commodity prices - under the brand "Truth Predict."

Our partnership with Bilt marks a pivotal first step in our journey to bring everyday commerce directly into the Venmo experience,

"When we started out, the problem we were trying to solve was, 'How can we make underwriting smarter, faster, so that these entrepreneurs get access to capital?'" Gammage, CEO, said. "We wanted a world where money moved freely like it did in other verticals. We came in with a borrower-centric experience, whereas a lot of companies were focused on 'how do we make this work for lenders.'"

Homeowners shouldn't have to borrow against themselves just to access the value they've already built, said Nick Liuzza, co-founder and CEO of Beeline. By putting home equity on blockchain rails, we're creating a smarter, more transparent financial alternative one that's free from interest rate swings and credit friction. BeelineEquity allows homeowners to access liquidity from their home equity without taking on debt, making monthly payments or undergoing credit underwriting.

A well-known adage reminds us that corporate insiders and 10% owners really only buy shares of a company because they believe the stock price will rise and they want to profit from it. Thus, insider buying can be an encouraging signal for potential investors. This is all the more so during times of uncertainty in the markets, and even when markets are near all-time highs.

I suspect that the world of chat apps will create, obviously, more options for consumers and how they're going to use it, but it is inevitable that AI is going to drive our financial lives, and whether we choose to use it a lot, or a little, or maybe not at all is a personal decision,

The startup's software automates tip pooling, compliance, and payments, giving employers transparency while helping staff receive earnings faster and more fairly. The founders' inspiration came from their experience in the United States, where structured tip management proved to boost morale and retention. In the UK, they saw operators "drowning in admin" - using sprawling Excel sheets to manage tronc systems while facing rising National Insurance costs and new legal obligations.

Nova Credit - $35M Series D Nova Credit, an infrastructure and analytics platform for alternative credit data, has raised $35M in Series D funding led by Socium Ventures. Founded by Loek Janssen, Misha Esipov, and Nicky Goulimis in 2016, Nova Credit has now raised a total of $159.4M in reported equity funding. AlleyWatch is NYC's leading source of tech and startup news, reaching the city's most active founders, investors, and tech leaders. Advertise today →

Doug was a visionary leader whose relentless drive, innovation and passion transformed the financial services landscape, touching the lives of millions of consumers,

Doug was a visionary leader whose relentless drive, innovation and passion transformed the financial services landscape, touching the lives of millions of consumers,

The $100T world of B2B commerce operates in a "Wild West" where businesses provide goods and services first and chase payment later - often for months. Despite decades of software innovation, the accounts receivable process still depends on millions of finance professionals manually sending emails, tracking down contacts, answering invoice questions, and reconciling incomplete payment data. With 57% of invoices paid late and 77% of AR teams falling behind, this communication and negotiation bottleneck has become one of the most persistent inefficiencies in the modern economy.

AI isn't replacing analysts, it's giving them superpowers.

These roles gave him a close view of how businesses operate, as well as the challenges they face in balancing growth with costs. In 2020, Brewer relocated to Las Vegas to launch Greenhub, a merchant services company. His vision was simple but ambitious: help companies in retail, e-commerce and B2B sectors streamline payment processing and eliminate hidden costs. Under his leadership, Greenhub has earned a reputation for transparency and innovation in an industry often criticised for its complexity.

This page will be updated throughout the day to reflect any new fundings. AI INFRASTRUCTURE Modal Labs, a serverless platform for AI, data, and ML teams, has raised $87M in Series B funding led by Lux Capital. Founded by Akshat Bubna and Erik Bernhardsson in 2021, Modal Labs has now raised a total of $110M in reported equity funding. REACH NYC TECH LEADERS AlleyWatch is NYC's leading source of tech and startup news, reaching the city's most active founders, investors, and tech leaders.

Wealthfront Corporation was founded 17 years ago, in 2008. It is headquartered in Palo Alto, California, and is led by CEO David Fortunato. The company is one of a number of fintech firms that operate in the robo-advisor space. It offers a financial platform and dedicated smartphone app that allow users to invest in various assets, including stocks and bonds. The company also offers cash accounts and automated index investing.

Nik Storonsky, chief executive and co-founder of Revolut, said the London hub would be central to the company's ambitious growth plans. Revolut now serves 65 million customers worldwide, with Storonsky targeting 100 million in the near future. The UK investment forms part of a wider £10 billion global programme to create 10,000 jobs over five years. Founded in 2015, Revolut already employs more than 10,000 people globally, with 1,300 in London.

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) lost 3.41% over the past month after plummeting 11.12% the month prior. That brings the payment processor's year-to-date loss to 21.65%. However, the stock is up 17.59% since its 52-week low on April 8. When PayPal reported Q2 earnings on July 29, it beat on both top and bottom lines. EPS was $1.40 versus an expected $1.30, and revenue was $8.29 billion versus an expected $8.08 billion.

"I try to kind of go and call people up for an hour at a time," he told Fortune Editor-in-Chief Alyson Shontell on-stage during a live recording of the Fortune 500: Titans and Disruptors of Industry podcast. "If I can just get their advice on AI or marketing or sales, learn just a little bit, ask them who they've learned a lot from in particular fields and just kind of jump from person to person, that's been very helpful."

Open banking and open finance are reshaping the financial landscape across the world, connecting consumers and businesses to financial tools in new and innovative ways. It enables consumers and businesses to securely share their financial data to access innovative financial experiences. For consumers, it can be the difference between completing a loan application in minutes rather than hours, and for businesses, it can drive performance gains and stronger financial outcomes.

Arch - $52M Series B Arch, a private market investment tracking platform, has raised $52M in Series B funding led by Oak HC/FT. Founded by Jason Trigg, Joel Stein, and Ryan Eisenman in 2018, Arch has now raised a total of $77.5M in reported equity funding. GreenLite - $49.5M Series B CONSTRUCTION TECH GreenLite, a platform that streamlines the permitting process for construction, has raised $49.5M in Series B funding led by Insight Partners. Founded by Benjamin Allen and James Gallagher in 2022, GreenLite has now raised a total of $86M in reported equity funding.

ZFX, a cutting-edge fintech company, is pleased to announce its participation at Traders Fair 2025 Bangkok, taking place on 13 September 2025 at ICONSIAM. event will bring together leading brokers, fintech innovators, and trading professionals from across the globe. During the event, ZFX will showcase its highly anticipated crypto asset, ZDS (Zeal Digital Share), in partnership with the prestigious trading brands ZFX and Traze.