All posts by Jeffrey Reitman

EverCompliant Secures $3.5 Million in Funding Led by Carmel Ventures

EverCompliant, a provider of cyber risk intelligence and merchant fraud detection solutions, announced today that it has raised $3.5 million in Series A financing, led by Carmel Ventures, Nyca Partners and existing EverCompliant investor Joey Low from Star Farm Ventures.

Peer-to-peer lending: from the people, for the people

SAVERS DO NOT get much in the way of interest from their banks these days. But a different logic seems to apply to borrowers, who still often pay double-digit rates for credit—if they can get it at all. That has attracted a number of outfits offering to connect those who need cash with those who have a surplus of it. The rapid growth of such “peer-to-peer” lenders has been one of fintech’s most visible successes. The biggest such firm, Lending Club, based in San Francisco, listed its shares in December to a clamour reminiscent of the 1999 tech boom.

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.