March 4, 2024 @ 8:21 am By Tony Zerucha  |  

DataVisor, an AI-powered fraud and risk platform, this week announced the launch of a solution designed to detect fraud and financial crimes more effectively while upholding sponsor bank compliance in the face of evolving regulations for Banking-as-a-Service (BaaS) offerings. The solution for sponsor banks replaces… Read More

February 27, 2024 @ 8:15 am By Tony Zerucha  |  

Helius, a vertically integrated developer platform that helps crypto applications build on Solana, announced the close of its $9.5M Series A round this week. The round was led by Foundation Capital, with participation from Reciprocal Ventures, 6th Man Ventures, Chapter One, Propel, Balaji Srinivasan, Anatoly… Read More

February 26, 2024 @ 9:56 pm By Tony Zerucha  |  

Accel and Citi Ventures-backed Fintech Xalts, which financial institutions and businesses use to build and manage digital finance applications, this week announced its acquisition of Contour Network, owned by a consortium of global banks, to accelerate digitization in trade and supply chain finance. Contour started in… Read More

February 26, 2024 @ 11:23 am By Tony Zerucha  |  

Buildstock, a B2B marketplace and Fintech platform for construction materials, this week secured $1.6M in pre-seed funding from Precursor, MGV, XFactor, RefashionD and angels, including Osuke Honda (DCM), Nihal Mehta (Eniac), Shruti Gandhi (Array Ventures), Tom Peterson (Rally Ventures), Yun-Fang Juan, and Mark G (m]x[v… Read More

February 26, 2024 @ 10:33 am By Tony Zerucha  |  

Zoniqx (formerly known as Tassets) a provider of digital asset management services, this week announced its partnership with Ripple, an enterprise blockchain and crypto solutions firm. This collaboration harnesses the scalable infrastructure of the XRP Ledger (XRPL) and integrates it with Zoniqx’s Tokenization Platform as a Service (TPaaS) and Tokenization Life… Read More

February 26, 2024 @ 8:03 am By Tony Zerucha  |  

Klarna, a global payments provider and shopping assistant, is reporting that 96% of BNPL purchases made during the 2023 Black Friday weekend in the United States were paid on time or early. Notably, 30% of American purchases were paid off early, ahead of their due… Read More

February 16, 2024 @ 5:14 pm By Tony Zerucha  |  

Neobank Dave this week announced it has joined the American Fintech Council, an industry association representing fintech companies and banks. Dave partners with Evolve Bank & Trust, an FDIC member. “Our members are setting the standard for the responsible use of innovation to increase competition in… Read More

February 13, 2024 @ 9:54 pm By Tony Zerucha  |  

KuCoin Labs, the investment and research arm of digital asset exchange KuCoin, has entered into a strategic partnership with Coinweb, a provider of Web3 technology. The companies said this collaboration signifies a commitment to mutual support and collaboration aimed at nurturing the expansion of the Web3 ecosystem…. Read More

February 12, 2024 @ 10:08 am By Tony Zerucha  |  

Stockpile, a financial learning platform for kids and parents, has acquired the talent, technology, and IP of Investables, an alternative investing platform. In a statement, the company said providing customers with access to the alternative investing expertise of Investables, along with existing access to securities… Read More

February 11, 2024 @ 3:36 pm By Tony Zerucha  |  

BitRail, a Fintech company whose PayGenius white label platform allows merchants to offer their own turn-key branded digital payments, wallets, and loyalty, this week announced a partnership with Payment Lock, a custom payment solutions provider with access to more than 300,000 merchants. PayGenius is independent… Read More

February 10, 2024 @ 4:22 pm By Tony Zerucha  |  

DeFi Technologies announced this week that it has completed the acquisition of intellectual property from Solana developer Stefan Jørgensen. DeFi Technologies said this acquisition marks a significant milestone in its expansion strategy, focusing on enhancing its offerings in the Solana ecosystem. The IP acquired includes advanced liquidity provisioning, innovative trading strategies… Read More

February 10, 2024 @ 8:58 am By Tony Zerucha  |  

This week, Consensys, a blockchain and Web3 software company, and Robinhood Markets launched the integration of Robinhood Connect with MetaMask, a self-custodial Web3 wallet. Using MetaMask’s Buy Crypto feature, customers can now purchase crypto through Robinhood’s order engine. The companies said the launch is part… Read More

February 9, 2024 @ 4:23 pm By Tony Zerucha  |  

The American Fintech Council (AFC), an association representing Fintech companies, has requested that the Consumer Protection Financial Bureau (CFPB) immediately convene relevant stakeholders for a comprehensive conversation on EWA products and consideration of formal rulemaking. “Director Chopra and the CFPB have been thoughtful partners and… Read More

February 9, 2024 @ 10:23 am By Tony Zerucha  |  

Blue Ocean Technologies, a capital markets provider of global trading and data, and DriveWealth, a fintech delivering financial services through its “Brokerage-as-a-Service” platform, today announced a partnership to expand real-time access and connectivity for global brokers. As part of the agreement, DriveWealth will provide its… Read More

February 6, 2024 @ 9:40 am By Tony Zerucha  |  

The American Fintech Council (AFC), an industry association representing fintech companies and banks, this week announced that earned wage access (EWA) provider ZayZoon has become its newest member. An EWA provider for small and mid-sized businesses, ZayZoon joins a growing group of diverse industry-leading EWA… Read More

February 5, 2024 @ 6:11 pm By Tony Zerucha  |  

The latest data breach yearly recap by Surfshark shows that 300 million accounts were breached in 2023, with the United States ranking first with 97 million breaches. Russia takes second place with 79 million. France (10M), Spain (8M) and India (5M) are far behind in… Read More

January 15, 2024 @ 9:39 pm By Tony Zerucha  |  

This week, WebN and Laser Digital launched Libre, a new institutional Web3 infrastructure powered by Polygon for distributing alternative asset funds. Alternative investment management firm Brevan Howard and private markets investment management firm Hamilton Lane plan to be the first issuers to strategically partner with… Read More

January 15, 2024 @ 4:16 pm By Tony Zerucha  |  

Balance, a B2B digital payment platform, says it has developed B2B checkout technology that includes net terms and online payment options like ACH and wire. Balance has also partnered with B2B e-commerce platforms like BigCommerce, Mirakl, and Shopify. The company secured a $350 million credit… Read More

January 15, 2024 @ 4:13 pm By Tony Zerucha  |  

This past week the American Fintech Council testified before the Washington State House Committee on Consumer Protection and Business, recommending amendments to proposed legislation. CEO Phil Goldfeder, a former member of the New York State Assembly, appeared in Olympia to urge legislators to amend legislation… Read More

January 13, 2024 @ 11:20 am By Tony Zerucha  |  

Payments company TodayPay, a Fintech developing Refunds as a Service, today appointed Visa executive Mike West as a strategic advisor. The announcement was made at the Consumer Electronics Show. West led Visa Direct’s international commercialization and network expansion by launching new use cases, payment capabilities and value-added… Read More