All posts by Jeffrey Reitman

Max Levchin’s Lending Startup Affirm Raises $275M In Equity And Debt

Affirm is looking to expand its lending business for online shoppers. The new lending startup from PayPal co-founder Max Levchin is today announcing it raised $275 million in debt and equity to do just that.

The round was led by Spark Capital Growth, with additional participation from the mid-cap investment bank Jeffferies and Andreessen Horowitz. Previous investors Khosla Ventures and Lightspeed Venture Partners also invested as part of the round.

Automated Savings Startup Digit Raises $11.3M From General Catalyst

To keep growing, the company received $11.3 million in new funding led by General Catalyst, with participation from existing investors Baseline Ventures and Google Ventures, as well as former Visa President Hans Morris. The company has now raised a total of $13.8 million, and with the latest round, Taneja has joined its board.

KKR backs startup that gets smaller investors into alternative funds

Artivest, a startup that gives individual investors access to private equity funds, hedge funds, and other alternative investments, said Monday it has raised $15 million in a funding round led by private equity firm KKR & Co.

Registered investment advisers, family offices and other high net-worth qualified investors can use the startup’s software to invest in alternative funds such as KKR’s, without having to meet the high minimum payments of $5 million to $10 million usually required from institutional investors.

Fundbox Secures $40 Million Series B Financing Led By General Catalyst Partners

Fundbox, the leading cash flow optimization tool for small businesses, announced today that it has raised $40 million in Series B financing led by General Catalyst Partners. Existing Fundbox investors Khosla Ventures, Shlomo Kramer, Blumberg Capital and others along with new investor Nyca Investment Partners also participated in the round.

OpenFin Raises $3 Million in Funding Round Led By Bain Capital Ventures, Nyca Partners and Pivot Investment Partners

OpenFin, the leading provider of HTML5 runtime technology for the financial industry, today announced it has raised $3.0 million in additional financing. The round was co-led by Bain Capital Ventures, Pivot Investment Partners and Nyca Partners, with participation from 20 senior financial industry executives […]