August 27, 2019 @ 11:41 am By Samantha Hurst  |  

AvidXchange, a U.S. fintech that provides accounts payable and automated payment solutions to midsize businesses, announced on Tuesday it is set to acquire accounting solutions provider, BankTEL. AvidXchange reported that as one of its companies BankTEL will be able to offer its clients access to… Read More

August 27, 2019 @ 11:09 am By Samantha Hurst  |  

Bond Financial Technologies Inc., a U.S.-based fintech platform, announced on Tuesday it raised $10 million through its seed funding round, which was led by Canaan with participation from  Coatue and angel investors including Sarah Friar, Steve Frieberg, Ryan Peterson, and Eric Yuan.  Bond described itself… Read More

August 27, 2019 @ 10:21 am By Samantha Hurst  |  

 TD Bank announced on Tuesday its latest survey reveals cyber fraud and technological solutions are top of mind for finance and treasury professionals. According to TD Bank, 42% of respondents cited organizations’ struggles to improve legacy systems as the greatest challenge facing payments professionals. Last… Read More

August 27, 2019 @ 8:26 am By Samantha Hurst  |  

Digital-only challenger bank Varo Money announced on Tuesday it is now offering No Fee Overdraft. According to Varo, the No Fee Overdraft feature allows customers to overdraft their bank account balance up to $50 with no fee and no interest when they meet certain eligibility requirements…. Read More

August 26, 2019 @ 3:55 pm By Samantha Hurst  |  

The Australian Securities Exchange (ASX) announced on Monday it has signed a three-party memorandum of understanding (MOU) with Digital Asset (DA) and VMware to work together on distributed ledger technology (DLT) initiatives in Australia and New Zealand. ASX reported that under the new partnership it… Read More

August 26, 2019 @ 3:19 pm By Samantha Hurst  |  

Axinan, a Singapore-based insurtech firm, announced last week it secured a combined General and Reinsurance license from Labuan Financial Services Authority. Founded in 2016, Axinan reportedly provides digital insurance for the internet economy. “Leveraging big data, actuarial risk management and machine-learning, we create products that… Read More

August 26, 2019 @ 1:29 pm By Samantha Hurst  |  

Self Lender, a U.S.-based fintech that offers Americans a way to build their credit while also saving money, announced on Monday it has officially rebranded to Self. The startup reported that the new name is considered an “indication” of its commitment to help consumers have… Read More

August 26, 2019 @ 12:59 pm By Samantha Hurst  |  

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Monday it has surpassed 20,000 BTC through mobile app deposits during the first year of operations. The platform reported that with the mission of making financial services fair, rewarding, and transparent, members may earn interest… Read More

August 26, 2019 @ 11:05 am By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Monday it has formed a partnership with European airliner SunExpress to process credit card payments in local travel agencies. Wirecard reported that within the terms of the agreement, SunExpress uses the International Air Transport… Read More

August 26, 2019 @ 9:56 am By Samantha Hurst  |  

LendingPoint announced on Monday it completed its $250 million credit facility, which was arranged by Guggenheim Securities. According to LendingPoint, the facility has an accordion feature, which allows the Company to increase the size of the credit facility to up to $500 million. “The amended… Read More

August 26, 2019 @ 8:52 am By Samantha Hurst  |  

CoinFLEX, a physically delivered crypto futures exchange, recently announced it secured over $10 million in funding this year. Polychain Capital, a premier investor in cryptocurrency protocols and companies and NGC Ventures II, the multi-strategy crypto fund of one of the world’s leading blockchain investment firms,… Read More

August 25, 2019 @ 10:38 pm By Samantha Hurst  |  

Urban Electric, a company that is on a mission to create the UK’s largest urban electric vehicle charging network, has successfully secured its initial 250,000 though its equity crowdfunding campaign on Crowdcube. The company is currently offering 9.76% in equity at a £3 million pre-money… Read More

August 25, 2019 @ 10:25 pm By Samantha Hurst  |  

IOI Capital and Markets, LLC (IOICM), an SEC registered broker-dealer and a wholly-owned subsidiary of iownit capital and markets, Inc. recently announced the Financial Industry Regulatory Authority (FINRA) has approved its membership application. IOICM reported that the approval allows it to be a placement agent… Read More

August 25, 2019 @ 10:08 pm By Samantha Hurst  |  

Australasia’s peer-to-peer lending marketplace Harmoney recently announced it has appointed David Stevens as its new CEO. Harmoney reported that Stevens steps into the CEO role in early 2020. The lender’s founder and current CEO Neil Roberts will step away to focus on strategy and product… Read More

August 23, 2019 @ 10:35 pm By Samantha Hurst  |  

iCASH, a Canada-based fintech platform, announced on Thursday after three years of lending operations, it has surpassed $100 million in consumer loans. Launched in 2016, iCASH stated it is focused on helping Canadian consumers “address their cash flow needs” by paying more attention to their… Read More

August 23, 2019 @ 10:07 pm By Samantha Hurst  |  

Prime Trust, a blockchain-driven trust company, announced on Thursday it has integrated with Vertalo, an operating system for digital assets, to provide proprietary asset tokenization and cap table management solutions to its crowdfunding business unit, which is formerly known as FundAmerica. Prime Trust reported that… Read More

August 23, 2019 @ 2:47 pm By Samantha Hurst  |  

Numbrs, a Switzerland-based fintech, announced this week it has secured $40 million through latest investment round. With the latest round of funding, the company is now valued at more than $1 billion and has been dubbed a Swiss Fintech Unicorn. Numbrs describes itself as a… Read More

August 23, 2019 @ 1:42 pm By Samantha Hurst  |  

Deciwatt, a UK-based company that creates renewable energy products that allow users to make light and power, is set to close its equity crowdfunding round on Seedrs with more than £500,000 in funding. The funding round was launched earlier this summer with a mission to… Read More

August 23, 2019 @ 9:50 am By Samantha Hurst  |  

Blooma, a U.S.-based loan origination AI platform, announced earlier this week it secured $2.75 million through its seed funding round, which was led by Floodgate with participation from Abstract Ventures, Crescent Ridge Partners and Serra Ventures. Blooma reported that it launched its first production module… Read More

August 23, 2019 @ 9:35 am By Samantha Hurst  |  

Robo advisor Wealthfront announced on Thursday that financial planning startup, Grove, has joined its platform. Wealthfront reported that Grove was founded in 2015 with a mission to mission to empower users to make “great decisions” about their money through a combination of human advisors and… Read More