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Vestwell just nabbed $70 million from Wells Fargo, Morgan Stanley, Goldman Sachs, and others as it looks to disrupt employee retirement programs

3 days ago   |   By Business Insider

Summary List Placement Aaron Schumm experienced firsthand the complicated maze of employee retirement programs as the cofounder of FolioDynamix, a wealth-management fintech acquired by Actua in 2014.
In 2016, Schumm launched Vestwell, a startup that offers a cloud-based, back-end service connecting some of the country's largest financial institutions - from banks to insurers, wealth advisors, and payroll providers - to companies' retirement programs.
On Tuesday, Vestwell announced the closing of a $70 million Series C round led by Wells Fargo Strategic Capital and Fin Venture Capital, with...
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Goldman Sachs created this amazing pitch deck, filled with photos of Bob Marley and Mother Teresa, to woo WeWork's Adam Neumann ahead of its doomed IPO

Goldman Sachs created this amazing pitch deck, filled with photos of Bob Marley and Mother Teresa, to woo WeWork's Adam Neumann ahead of its doomed IPO

3 days ago   |   By Business Insider

Summary List Placement In May 2019, WeWork cofounder and then CEO Adam Neumann summoned bankers from JPMorgan Chase, Goldman Sachs and Morgan Stanley to the low-slung WeWork headquarters on Manhattan's West 18th Street. Each bank would take turns pitching Neumann and his team in a "bake-off" to choose who would lead the company's initial public offering.
Goldman had developed deep ties with Neumann over the previous years and when its turn came up, Goldman's bankers handed Neumann a picture-filled book, tailor-made to appeal to his predilections and his sense of self.
The cover page used...
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Groups worry about tapping COVID relief for infrastructure

Groups worry about tapping COVID relief for infrastructure

WASHINGTON - Organizations representing long-term care facilities on Friday urged lawmakers working on a bipartisan infrastructure plan to avoid dipping into COVID-relief funds... Read more ...

A man in Texas told someone he matched with on Bumble that he attended the...

A man in Texas told someone he matched with on Bumble that he attended the US Capitol riot where the FBI says he attacked police with a metal whip. They turned him in

Summary List Placement A man in Texas has been arrested after he boasted to a match on an online dating app about attending the January 6 insurrection from "the very... Read more ...

Jeff Bezos' 18-year-old space-flight companion reportedly told him he had...

Jeff Bezos' 18-year-old space-flight companion reportedly told him he had never bought anything from Amazon before

Summary List Placement The 18-year-old passenger on Blue Origin's spaceflight on Tuesday had an awkward admission to former Amazon CEO Jeff Bezos during the trip. Dutch... Read more ...

The Latest: US ships 22M vaccine doses to other countries

The Latest: US ships 22M vaccine doses to other countries

WASHINGTON - White House press secretary Jen Psaki says the United States has shipped 22 million doses of the coronavirus vaccine to other countries this week. Read more ...

Wall Street closes a tumultuous week with more record highs

Wall Street closes a tumultuous week with more record highs

NEW YORK - Wall Street notched more record highs on Friday, ending the week on a strong note after opening it with a stumble. The S&P 500 rose 1%. It was the fourth straight... Read more ...

How to watch gymnastics at the Tokyo Olympics - the finals are free to...

How to watch gymnastics at the Tokyo Olympics - the finals are free to stream on Peacock

Summary List Placement Gymnastics are one of the most anticipated events at the 2020 Tokyo Olympics. Qualification subdivisions start on July 23 and the last gymnastics final... Read more ...

How to find your Windows 10 product key or digital license

How to find your Windows 10 product key or digital license

Summary List Placement Windows 10 is installed thousands of times a day on computers both new and old. But without a receipt, how do you prove that you actually own... Read more ...

July 23rd COVID-19, New Cases, Hospitalizations, Vaccinations

July 23rd COVID-19, New Cases, Hospitalizations, Vaccinations

The 7-day average cases is the highest since May 6th. The 7-day average hospitalizations is the highest since May 25th. This data is from the CDC . According to the CDC, on... Read more ...

Activision Blizzard influencers are turning their backs on the video game...

Activision Blizzard influencers are turning their backs on the video game giant after a bombshell lawsuit

Summary List Placement After a bombshell lawsuit was filed by the California Department of Fair Employment and Housing against video game company Activision Blizzard on... Read more ...

Yellen outlines to Congress emergency measures on debt limit

Yellen outlines to Congress emergency measures on debt limit

WASHINGTON - Treasury Secretary Janet Yellen told Congress on Friday that she will start taking emergency measures next week to keep the government from an unprecedented... Read more ...