About 60 founders to make their pitch at Finovate this week About 60 fintech founders from around the world are going to hit the stage at the 10th annual Finovate conference on Wednesday and Thursday. The San Jose conference is expected to draw more than 1,000 potential investors, customers, partners and media. (Silicon Valley Business Journal)
Fintech unicorn TransferWise reaches profitability What's more mythical than a unicorn? A unicorn that is profitable. Six years after launch, TransferWise, the London-headquartered international money-transfer startup, which was most recently valued at a reported $1.1 billion, has announced that it has finally reached profitability this calendar year and is "cash-generating." (TechCrunch)
With ties to Thiel and Musk, fintech startup Addepar adds $140M Addepar, the Mountain View-based wealth management software company co-founded in 2009 by Palantir Technologies co-founder Joe Lonsdale, announced it has raised $140 million to expand its services to investors and their advisors. It's a big round for a financial tech company, even for Silicon Valley. (Xconomy)