Fintech
Browse the latest news about financial technology and fintech startups in Southern California from dot.LA.

On today's episode of Behind Her Empire, meet Sallie Krawcheck, the CEO and co-founder of Ellevest. Her company is an investment platform focused on narrowing the gender gap and creating a space for women in finance.

Krawcheck wants to put money "in the hands of women" with her fund, and she's well on her way. Ellevest, which launched in 2016, recently announced it has $1 billion under management.

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Santa Monica's Clocktower Technology Ventures is going south.

The venture arm of the global macro investment firm, Clocktower Group, announced Wednesday it is raising a $25 million fund focusing on financial services innovation – or Fintech – in Latin America.

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Two months ago, Ken Lian, co-founder and CEO of Cheese, applied for a checking account at a major bank. He was rejected again, despite his sterling 800+ credit score.

Since immigrating from China to the U.S. in 2008 he has been routinely denied from opening bank accounts, had to pay thousands of dollars in fees and been limited to the least desirable no-rewards credit cards.

"This is a common issue," he said.

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