Fintech Startup Now Old Enough To Hire Schwab Executives

By Thornton McEnery

Sure, online investment platform Betterment has managed to grow its assets under management to roughly $4 billion since coming into existence in 2008, and yeah, it’s now touting a valuation in the neighborhood of $700 million after raising $100 million Series E round last month.But if you’re a Fintech startup really looking to prove that you’re a serious adult investment company, there’s really only one thing to do:

Less than one month after an investment round that doubled its private valuation to around $700 million, the robo-adviser Betterment is adding a former top executive from Charles Schwab, John S. Clendening, to its board.

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This article originally published April 12th, 2016 on Dealbreaker.