Tag: Max Levchin
Brex applies for bank charter, taps former Silicon Valley Bank exec as CEO of Brex Bank
Brex is the latest fintech to apply for a bank charter. The fast-growing company, which sells a credit card tailored for startups with Emigrant Bank currently acting as the issuer, announced Friday that it has submitted an application with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of…
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Bumble’s first date with the public markets
The public markets have been so active lately that it’s hard to drum up excitement for yet another company making its way to the bull market. But, in the case of Bumble, a dating app where women message first, next week’s public debut is worth paying attention to. The market…
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A major fintech startup exec is being minted into NYC’s latest VC
There is massive momentum in fintech right now: regulations are finally opening up, APIs are more widely available than ever before, and there is a sense that existing products — both financial and technical — are just not doing the job that consumers and financial professionals demand. With excitement like…
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Thrive gives loans to students based on summer internships and job offers
Thrive, founded by Twitter alumni Deepak Rao and Siddarth Batra, wants to fund student expenses by looking at job offer letters as a way to evaluate loans. Today, it launched its loan platform and is accessible to students on over 400 campuses across 31 states. The San Francisco company helps…
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Los Angeles-based challenger bank HMBradley officially opens its virtual doors
The Los Angeles-based digital challenger bank, HMBradley, opened its virtual doors to the public today, allowing the thousands of waitlisted would-be users to set up direct deposits and collect their sign-up bonuses. The company is offering banking customers an up to 3% return on their savings based on the percentage…
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