According to a blog post by the company, the fund will provide. ”financing to promising early stage companies that have the teams and ideas that can move the space forward in a positive, meaningful way”; the company also said it will not invest in security tokens at this time; it is likely that the company is sitting on significant amounts of cash which put it in a good position to launch a fund; revenues in 2017 totaled over $1 billion; Bloomberg reported that the top ten largest crypto exchanges take in $3 million in fees per day. Source
Recently we learned that Direct Lending Investments, one of the largest fund managers in the alternative lending space was suspending...
Funding Circle is recommending shareholders to approve the wind-down of the Funding Circle SME Income Fund; the fund will continue...
Chip Mahan, helped build Live Oak Bank as well as nCino; now Mahan along with Gene Ludwig are creating a...
Reuters reports that Colchis Capital Management, a major player in investing in online direct lending platforms is winding down its...
[Update 3/20/2019: Bloomberg is now reporting that Brendan Ross has resigned as CEO of Direct Lending Investments and that the...
Today, SoFi announced a new index fund focused on the gig economy; GIGE trades on the Nasdaq and is actively...
Northwestern Mutual is creating a second venture fund which will invest between $500,000 and $5 million in Series A/B rounds...
QED is one of the leading venture capital firms in fintech; they have many notable investments such as Nubank, SoFi,...
No More Content