Startups

Michigan-based fintech company Credibly recently announced the launch of ReCap 4.0, the latest update to the company's data science-driven scoring model that bridges the funding gap between commercial lenders and small- to medium-sized businesses (SMB). The 4.0 update aims to expand the scope...

From PayPal Holdings, Inc. (NASDAQ: PYPL)’s Venmo to Zelle and Square, Inc. (NYSE: SQ), recent developments and creative visions have substantially altered the use of financial services. According to a 2017 study by Applause, 61 percent of people access mobile banking on a regular basis. In...

Founded in 2015, Avenger Logistics is growing so fast that, according to their estimates, they'll crack Inc. 5000's 2019 top ten in their first year of eligibility. Venture capitalist and owner Don Godsey made his money with promotions company, Gold Bond, until he was ready for a new...

The Benzinga Fintech Summit is a gathering of the top leaders in brokerage, payments and cryptocurrencies in San Francisco Nov. 14. Ahead of the Summit, Benzinga is profiling fintech thought leaders who are speaking at the event. For this installment, Benzinga interviewed Mark Li, Partner of BPM...

Startup insurance company Ethos has altered the way life insurance is offered and applied. Not only does the company have the ability to process applications in minutes, Ethos offers term life insurance ranging between 10 and 30 years. What Happened Ethos announced $35 million in Series B financing...

Within the fintech space, several companies have developed new ways to trade, invest and bank. Alpaca is among the first to design a platform to combine algorithms, trading bots and artificial intelligence for investors. The Company The startup offers the world’s first commission-...

Uber Inc. has floated out a new company called Powerloop, an affiliate to Uber Freight, which will rent out trailers to carriers and enable them to participate in a re-envisioned trailer pool model. FreightWaves caught up with Max Pike, strategy lead and Kofi Asante, product strategy at...

Observers of the autonomous vehicle (AV) industry could be forgiven for thinking that the technology has hit something of a wall. Tesla Inc. (NASDAQ: TSLA) disabled its Autopilot feature last month; Waymo's AVs get into near-weekly collisions in its Phoenix testing area; Uber Freight halted its...

The influence of the Detroit-based sneaker marketplace StockX in footwear is accelerating, according to Cowen. StockX recently raised $44 million in Series B funding, which increases its potential for marketplace disruption, analyst John Kernan said in a Monday note. The funding round,...

The Benzinga Fintech Summit is a gathering of the top leaders in brokerage, payments and cryptocurrencies in San Francisco Nov. 14. Ahead of the Summit, Benzinga is profiling fintech thought leaders who are speaking at the event. For this installment, Benzinga interviewed a key speaker on our...

New York City has been a great home to Güimar Vaca Sittic, co-founder and co-CEO at Merlin, but he knows that isn't the case for many hourly workers getting by in the Big Apple. “Gentrification has become such a big problem in New York that many workers commute for hours every day....

As founder of both Benzinga and the Detroit Fintech Association, Jason Raznick is well-versed in the space. So much so that Merriam-Webster referenced his definition of “fintech” in its entry on the term. According to Raznick’s definition: “The impact that fintech is making...

A 450-person gathering in Detroit’s Eastern Market this week made it clear Michigan sits at the intersection of development in the mobility space, Midwestern affordability and investor interest. Venture capitalists from as far away as Tokyo were in attendance at the Michigan Venture Capital...

By William Sumner, Hemp Business Journal Contributor Last week, the hemp industry was abuzz with the news that the United States Drug Enforcement Administration (DEA) would move Epidiolex, a CBD-based drug derived from cannabis, from a Schedule I substance to a Schedule V substance. The scheduling...

Greg Rovner isn't your average CEO. He has no college education and opened his first business after high school. He sold that business in 2017, after 20 years, to focus on a new venture he decided to pursue alongside a few friends who’ve been by his side since the fifth grade. Meet Heally...