Exclusive: Visa Pours Millions into Cryptocurrency Startup Anchorage

Visa has invested millions of dollars in Anchorage, a startup that secures cryptocurrency holdings for institutional investors. The two companies are founding members of Facebook’s high-profile cryptocurrency project Libra. Visa co-led Anchorage’s new funding round, worth $40 million, alongside Blockchain Capital, a cryptocurrency-focused venture capital firm. This is the second known investment Visa has made […]

Exclusive: Wells Fargo-Favored Mortgage Master Blend Raises $130 Million

Blend has raised $130 million in new venture capital funding. The cash injection likely puts the San Francisco-based fintech startup within striking distance of “unicorn” status, meaning a private valuation of $1 billion or more. The terms of the deal, including the latest valuation, were not disclosed. A source close to the deal who was […]

‘You Can’t Not Be There’: Why Wall Street Is Lending Billions to China’s Hottest Tech Unicorns

Wall Street banks are taking their unicorn playbooks to China. After arranging billions of dollars in loans for highly valued — and money-losing — U.S. startups like Uber Technologies Inc., banks including Morgan Stanley and Goldman Sachs Group Inc. are angling to do the same for some of China’s biggest unicorns. They helped Bytedance Ltd., […]