Backed by PayPal founder Max Levchin, fintech company HMBradley offers a hybrid savings and checking account and brags that it has an interest rate up to 3%.
The model has proved popular and on Tuesday, the Santa Monica-based digital banking platform HMBradley announced it has raised $18.25 million in Series A funding in a round led by Acrew Captial.
HMBradley's co-founder and CEO Zach Bruhnke
On this week's episode of LA Venture, I had a great conversation with Arjan Schütte, the founder and a managing partner of Core Innovation Capital, a leading fintech fund all about democratizing prosperity. So far they have invested in Ripple, NerdWallet, Synapse, Fundera and more.
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Ahead of Black Friday, the consumer tech retailer Newegg joins the ranks of Amazon and Shopify in partnering with the New York-based ecommerce financier Payability.
The city of Industry-based ecommerce retailer will launch Newegg Capital Monday with the New York-based fintech company as it builds up their third-party seller base, a key to growth for giants like Amazon.