April 26, 2024 @ 5:31 pm By Tony Zerucha  |  

401GO, a retirement plan provider for employers, advisors, and individuals, this week announced the completion of its $12 million Series A funding round. Next Frontier Capital led the round, which also included Rally Ventures, Impression Ventures, and Stout Street Capital. The latest capital infusion will fuel… Read More

April 26, 2024 @ 5:15 pm By Tony Zerucha  |  

Movement Labs, a San Francisco-based blockchain development team, has secured $38 million in a Series A financing round led by Polychain Capital. The funding will support the company’s mission to bring Facebook’s Move Virtual Machine to Ethereum, addressing smart contract vulnerabilities and enhancing transaction throughput…. Read More

April 26, 2024 @ 5:03 pm By Tony Zerucha  |  

This week doxo, a Fintech providing bill-paying services, railed against a lawsuit filed by the U.S Federal Trade Commission,  saying the complaint “indicates a fundamental misunderstanding of the existing bill-pay market and the structural inefficiencies that work against consumers.” In a release, doxo said the… Read More

April 23, 2024 @ 8:28 am By Tony Zerucha  |  

On April 21, Trulioo, an identity verification platform, announced a collaboration with Nium, a provider of real-time cross-border payments. Nium integrated Trulioo’s Person Match identity verification capability to deliver compliant payment experiences for its U.K. operations. The companies first partnered in 2015, initially for Nium’s… Read More

April 23, 2024 @ 8:00 am By Tony Zerucha  |  

AU10TIX, a global provider of identity verification and management, today announced that it has protected companies against more than $18 billion in business fraud since the 2021 launch of its Serial Fraud Monitor (formerly INSTINCT). The tool draws insights from millions of transactions processed across… Read More

April 22, 2024 @ 3:14 pm By Tony Zerucha  |  

Open Lending, a provider of automotive lending enablement and risk analytics solutions for financial institutions, released a new Near- and Non-Prime Consumer Update this week, continuing its quarterly report series on automotive lending trends among near- and non-prime consumers. The latest update uncovers disproportionate economic… Read More

April 22, 2024 @ 8:47 am By Tony Zerucha  |  

Alkami, a cloud-based digital banking solutions provider for financial institutions in the U.S., announced this week that it has formed a partnership with SWIVEL. Through Alkami’s single sign-on integration with SWIVEL’s Transaction Enablement Platform, Alkami’s bank and credit union clients can access their new partner’s… Read More

April 22, 2024 @ 6:58 am By Tony Zerucha  |  

The American Fintech Council, an industry association representing fintech companies, BaaS banks and credit unions, announced this week that Continental Finance has become its newest member. Continental Finance works to provide a variety of services to customers who have been long forgotten by traditional financial… Read More

April 21, 2024 @ 8:24 am By Tony Zerucha  |  

This week WorldFirst, a digital payment and financial services platform for global businesses, launched WorldTrade, a payment solution for global sourcing to bolster the security and speed of cross-border payment for international SMEs that procure goods from suppliers based in China. WorldTrade employs smart contract-fulfillment… Read More

April 14, 2024 @ 10:29 am By Tony Zerucha  |  

Verituity, a provider of payout solutions, this week announced the integration of Mastercard Move, Mastercard’s portfolio of domestic and international money transfer solutions, into its payments platform, enabling near real-time payouts for commercial banks and payers. According to Mastercard’s Borderless Payments Report, one-third of consumers… Read More

April 13, 2024 @ 2:10 pm By Tony Zerucha  |  

Tabs, an accounts receivable platform for B2B businesses, this week announced a $7 million seed funding round led by Lightspeed Venture Partners. This brings the company’s total amount raised to $12 million, including a pre-seed round from Primary Ventures. The investment will fuel Tabs’ mission… Read More

April 10, 2024 @ 6:45 am By Tony Zerucha  |  

The American Fintech Council, an industry association representing fintech companies and banks, this week added the Center for Accelerating Financial Equity (CAFE) as their latest strategic partner. Located at the Fintech Innovation Hub by Delaware Tech Park on the University of Delaware campus, CAFE is… Read More

April 8, 2024 @ 8:23 am By Tony Zerucha  |  

Skipify, a Fintech focused on the checkout experience, this week announced its partnership with Visa through the Visa Digital Commerce Program. By combining Visa’s digital payment capabilities with its digital wallet, Skipify hopes to deliver a convenient and secure consumer checkout experience. In early phases… Read More

April 2, 2024 @ 8:27 am By Tony Zerucha  |  

AU10TIX, a global technology provider of identity verification and management solutions, this week announced the expansion of its Digital ID solution, which it says enables businesses to rapidly, accurately and securely verify IDs of all types, including physical, digital, eID, verifiable credentials, and more. The company’s… Read More

April 1, 2024 @ 10:56 am By Tony Zerucha  |  

Laser Digital, Nomura’s digital asset subsidiary, is launching a new venture in collaboration with blockchain protocol TruFin, a WebN incubated company. This initiative leverages Polygon’s Aggregation Layer (AggLayer) to introduce the Laser Digital Polygon Adoption Fund. The Fund will expose investors to Polygon-MATIC, the native gas… Read More

April 1, 2024 @ 9:12 am By Tony Zerucha  |  

Blockchain Coinvestors, a blockchain venture fund-of-funds and coinvestment program, this week unveiled its bi-annual Institutional Digital Finance Adoption Report, which tracks digital finance adoption, by service offering, among the world’s 50 largest financial institutions ranked by assets under management (AUM). The company said, for the… Read More

April 1, 2024 @ 8:58 am By Tony Zerucha  |  

Intuit QuickBooks launched the QuickBooks Line of Credit this week. It gives small businesses a new way to access funding from $1,000 to $50,000 through loans issued by WebBank. QuickBooks said the new product is uniquely designed to provide business owners with the ability to… Read More

March 29, 2024 @ 8:20 am By Tony Zerucha  |  

The National Association of Industrial Bankers (NAIB), the American Financial Services Association (AFSA) and the American Fintech Council (AFC) filed a lawsuit in federal court this week, challenging a new Colorado statute they claim violates federal law by imposing interest-rate and fee caps on loans… Read More

March 25, 2024 @ 8:55 am By Tony Zerucha  |  

dLocal, a cross-border payment platform specializing in high-growth markets, recently announced that Mark Ortiz has been appointed chief financial officer. Ortiz will report directly to dLocal’s CEO, Pedro Arnt, overseeing dLocal’s accounting, financial planning and analysis, financial reporting internal audit, SEC reporting, tax, credit, risk,… Read More

March 23, 2024 @ 3:42 pm By Tony Zerucha  |  

AU10TIX, a global technology provider of identity verification and management, recently released its Q4 Global Identity Fraud Report. Drawing insights from millions of transactions processed across 249 countries from October to December 2023, the report uncovers significant trends in large-scale organized identity fraud. This special… Read More