October 20, 2020 @ 2:54 pm By Samantha Hurst  |  

Klar, a Mexico-based challenger bank, announced on Monday it secured $15 million through its Series A funding round, which was led by Prosus Ventures with participation from new investor International Finance Corporation and former investors Quona capital, who led Klar’s seed round, Mouro Capital (formerly Santander… Read More

October 20, 2020 @ 1:49 pm By Samantha Hurst  |  

  U.S.-based insurtech startup Pie Insurance announced on Tuesday it has expanded its service to both Florida and Wisconsin.  The expansion comes just days after Pie announced it has exceeded $100 million in cumulative written premium and surpassed $100 million in annualized run rate premium. As previously reported, Pie describes… Read More

October 20, 2020 @ 1:34 pm By Samantha Hurst  |  

  Possible, a U.S.-based fintech startup, announced on Tuesday it secured $11 million through its Series B funding round, which was led by Union Square Ventures with participation from existing investors Canvas Ventures, Unlock Venture Partners, Columbia Pacific Advisors, Union Bay Partners, Tom Williams, and FJ… Read More

October 20, 2020 @ 1:00 pm By JD Alois  |  

​Vouch Insurance​, a business Insurtech platform for startups, has expanded its coverage into New York, according to a release. Vouch notes that in New York there are over 9,000 startups valued at $147 billion. The New York expansion marks a major milestone in Vouch’s growth,… Read More

October 20, 2020 @ 12:47 pm By Samantha Hurst  |  

nCino (NASDAQ:NCNO), a U.S.-based Fintech that offers a cloud banking platform built on the Salesforce platform, announced on Tuesday Fifth Third Bank, National Association, has selected the nCino Bank Operating System as a foundational technology platform to help the Bank accelerate its digital transformation. The… Read More

October 20, 2020 @ 11:51 am By JD Alois  |  

Following the recent news that digital bank Revolut will pursue a bank charter in California, Current has announced it has no intent on doing the same stating they are a “Fintech and not a bank.” Current, a Fintech that offers banking services in partnership with… Read More

October 20, 2020 @ 10:52 am By Samantha Hurst  |  

AvidXchange, a U.S. fintech that provides accounts payable and automated payment solutions to midsize businesses, announced on Tuesday it has continued its growth and development by appointing four new leaders across its product, treasury and operations teams. AvidXchange shared that John Feldman joins as Senior Vice… Read More

October 20, 2020 @ 10:25 am By JD Alois  |  

There is a bit of a Twitter fight going on between Protocol Labs CEO, Juan Benet, creator of Filecoin, and Justin Sun – the creator of TRON, and the owner of BitTorrent. Last week, Sun posed the question as to whether Filecoin (FIL) was an… Read More

October 20, 2020 @ 9:52 am By Samantha Hurst  |  

Payment processing platform Klarna announced on Tuesday it has formed a new partnership with crafts and creative goods marketplace Etsy to launch its Buy Now, Pay Later solution. Klarna reported that U.S. Etsy buyers will now be able to use the flexible payment option to shop…. Read More

October 20, 2020 @ 9:08 am By Samantha Hurst  |  

UK based digital bank Monzo announced on Tuesday the launch of its Monzo Premium account. The new account will feature Monzo’s first metal card, which is made from a single 16g sheet of steel, complete with a “precision-engraved” logo and a white finish.” The account… Read More

October 20, 2020 @ 8:15 am By Brian Williamson  |  

I have been impressed, not only with the economic levers Rishi Sunak, has used to stimulate the economy but with the measured and calm way he has dealt with a crisis that could have been a poison chalice for many another Chancellor. A few weeks… Read More

October 20, 2020 @ 8:15 am By Samantha Hurst  |  

U.S.-based fintech FirstClose announced on Tuesday it has officially launched its digital lending platform (DLP), FirstClose ONE. According to FirstClose, FirstClose One is a home equity and refi tool that offers everything from application to servicing (credit score, valuation, title, tax, flood, closing, and recording)… Read More

October 20, 2020 @ 8:09 am By JD Alois  |  

The Future Fund is a COVID support program for early-stage firms. The Fund provides access to capital to younger firms that do not qualify for other COVID support schemes. In brief, it is a matching program with the UK government will invest in convertible securities… Read More

October 20, 2020 @ 7:41 am By Omar Faridi  |  

What consumers might say and what actions they take when it comes to sharing personal financial data (via Open Banking) are two different things, ING Bank notes. Although there are many tools to help improve our financial lives, the findings of an ING global survey… Read More

October 20, 2020 @ 7:35 am By JD Alois  |  

Shield, a UK based Regtech, has launched a solution that is said to combine its Insider Trading and Information Handling feature to provide greater monitoring of employees. The Shield “INSIDERS” is described as using AI, to provide a highly accurate integrated approach to monitor all… Read More

October 20, 2020 @ 7:25 am By Omar Faridi  |  

Visa and Mastercard are being accused of charging “excessive” fees during the COVID-19 crisis. British retail groups are claiming that the scheme fees being charged by the payment companies have nearly doubled during the past 2 years. Retail groups in the UK have noted that… Read More

October 20, 2020 @ 2:22 am By JD Alois  |  

The Association of German Credit Platforms (VdK), a group representing digital debt financing, has added five new members. According to a release, finpair, NetBid Finance, Exaloan, d-fine and SWK Bank, have all joined the association now making 18 members in total. The new members include… Read More

October 20, 2020 @ 1:49 am By JD Alois  |  

Zinsbaustein.de, a real estate crowdfunding marketplace, is expanding its model by offering a new real estate fund. In partnership with Primus Valor, the platform is offering an alternative investment fund (AIF), “ImmoChance Deutschland 10 Renovation Plus” (ICD 10 R +) that is said to focus… Read More

October 19, 2020 @ 11:58 pm By Omar Faridi  |  

Pondicherry University, which is located in South India (in Kalapet, Pondicherry, Union Territory of Puducherry, India), has introduced an MBA program in Financial Technology or Fintech. The new program will be offered during the 2020-21 academic year. Gurmeet Singh, Vice-Chancellor of the University, has helped… Read More

October 19, 2020 @ 10:15 pm By Samantha Hurst  |  

NYMBUS, a U.S. financial service platform provider, announced on Monday that PeoplesBank has gone live with NYMBUS SmartLaunch to outsource the technology and remote full-service operations of its digital-only bank, ZYNLO. As previously reported, ZYNLO describes itself as a digital-only bank designed to make banking… Read More