In a round led by Canapi Ventures, digital identity management innovator Alloy raised $40 million in Series B funding last week. The round featured participation from Avid Ventures, Felicis Ventures, as well as a trio of existing investors: Bessemer ...
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09/21/2020

By David Penn on 2020/09/21 13:13 -0400

In a round led by Canapi Ventures, digital identity management innovator Alloy raised $40 million in Series B funding last week. The round featured participation from Avid Ventures, Felicis Ventures, as well as a trio of existing investors: Bessemer Ventures, Primary Venture Partners, and Eniac Ventures. The investment takes the New York-based company's total capital to more than $55 million.

“Our mission is to help our customers deploy safe and seamless digital customer experiences,”...

By Julie Muhn (@julieschicktanz) on 2020/09/18 15:59 -0400

The morning's first panel, Strategic Partnerships and Collaboration Between Banks and Fintechs, brought insight into what large banks look for when it comes to partnering with a fintech. The top suggestions for fintechs looking to make themselves more appealing to banks included offering scalability and using industry standards for things like data sharing.

Google's Mike Burr took the stage next to deliver the keynote: Redefining the Approach to Mobile Security in FinTech (and why it...

By Julie Muhn (@julieschicktanz) on 2020/09/18 15:50 -0400

In a series G round, buy-now, pay-later company (BNPL) Affirm brought in $500 million, bringing the company's total raised to $1.3 billion.

Leading the round were Durable Capital Partners LP and existing investor GIC. Other returning investors Lightspeed Venture Partners, Wellington Management Company, Baillie Gifford, Spark Capital, Founders Fund, and Fidelity Management & Research Company LLC also contributed.

Affirm Founder and CEO Max Levchin referred to the new round as a “vote of...

By David Penn on 2020/09/18 15:48 -0400

Day Five of FinovateFall Digital featured our Power Panel: Latin America – The Future of Fintech and the Dawn of a New Opportunity. Participating in the conversation were Christopher Carmine, Director of Development, FinTech Connector; Laura González-Estéfani, founder and CEO of TheVentureCity; and Manuel Silva, Partner and Head of Investments for Santander InnoVentures.

The panelists, led by moderator Greg Palmer, discussed the biggest opportunities in Latin America presently,...

By Julie Muhn (@julieschicktanz) on 2020/09/18 11:30 -0400

Partnerships between nimble fintechs and trusted banks are essential as we look to build back our economy. Mary Kate Loftus, a panelist in our FinovateFall Strategic Partnerships session, knows this well. As head SVP, Director of Digital for M&T Bank, she fields potential partnerships each month. We sat down with her to discuss what M&T looks for in a partner and where she sees the industry going.

How do you determine your needs for a fintech partner?

Mary Kate Loftus: With all...

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