Fintech

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

iTrustCapital Hits Unicorn Status By Letting People Invest Their IRAs In Crypto

Photo by Pierre Borthiry on Unsplash

iTrustCapital—a Long Beach-based trading platform that allows investors to buy cryptocurrencies, gold and silver through their retirement accounts—is Southern California’s newest tech unicorn after raising $125 million in a Series A funding round.

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Acorns Cancels Its $2.2 Billion Plan to Go Public

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Investing app Acorns has pulled the plug on its plan to go public through a $2.2 billion SPAC deal with blank-check company Pioneer Merger Corp.

Noah Kerner, CEO of Irvine-based Acorns, blamed “market conditions” for the canned merger, and said the company would instead pivot to a “private capital raise at a higher pre-money valuation,” per a Reuters report.

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This Manhattan Beach Fintech Startup Is Crowdfunding Its $1 Million Seed Round

Image from Wikimedia Commons

Asenso Finance, a fintech startup trying to make it easier for small businesses to receive loans from community banks and financial institutions, is looking to raise $1 million in a new crowdfunding campaign.

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