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Daylight raises millions to build a digital banking platform ‘designed for and by’ the LGBTQ+ community

TechCrunch

Over the past year, there has been a surge of newly formed digital banks aimed at specific demographics. The banks in nearly all cases are trying to meet the needs of certain populations that they believe are feeling left out or underserved by traditional financial institutions. Maybe neobanks will break even after all.

Banking 271
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Farther, a wealth tech firm, banks $15M Series A as valuation hits $50M

TechCrunch

Building wealth is a long process and can be complex, but Farther is bringing both technology and advisors to the table to make these kinds of services more accessible. Meanwhile, Genser, CTO, is a military veteran who previously worked at Goldman Sachs leading an artificial intelligence team in private wealth.

CTO Coach 236
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Daily Crunch: India’s Central Bank says cryptocurrency ‘may even be worse’ than Ponzi schemes

TechCrunch

India continues to debate the fate of cryptocurrencies : A nation’s regulatory and banking bodies debating blockchain technology and its related tokens is a daily occurrence. But when an official from India’s central bank compares cryptocurrencies to Ponzi schemes, we take note. The TechCrunch Top 3. You can sign up here.).

Banking 213
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Brick closes $8.5M seed to enable open finance across Southeast Asia

TechCrunch

Brick wants to simplify the process with a suite of APIs that connects financial apps to “hyper-local” sources of data, including banks, mobile wallets and telecoms. Tan was an early employee at Aspire, the neobank, while Malhotra was co-founder and CTO of Indian neobank Slice.

CTO Coach 206
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Six steps to creating a successful IT strategy: A guide for CIOs

CIO

Gerald Johnston , an adjunct research advisor with IDC’s IT Executive Programs (IEP), founded GJ Technology Consulting, LLC, where he assisted global financial institutions and helped launch a UK startup bank. Contact us today to learn more.

Strategy 200
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Ex-Plaid employees raise $30M for Stytch, an API-first passwordless authentication platform

TechCrunch

Other angels that have backed the company include Figma co-founder and CEO Dylan Field, Very Good Security co-founder Mahmoud Abdelkader, startup advisor Elad Gil and early Stripe employee and Cocoon co-founder Amber Feng.

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Capitalize, a startup that wants to make it easy to roll over your 401(k), closes on $12.5M Series A

TechCrunch

Sharma teamed up with CTO Chris Phillips in late 2019 to form Capitalize, which went on to raise a $2 million seed round last March led by Bling Capital. I was curious about how Capitalize’s offering differs from the services that financial advisors provide. That was one of the things that motivated Sharma.

CTO Coach 203