May 13, 2024 @ 5:06 pm By Omar Faridi  |  

AvidXchange Holdings, Inc. (Nasdaq: AVDX), a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers,  announced financial results for the first quarter ended March 31, 2024. Michael Praeger, Chief Executive Officer & Co-Founder of AvidXchange, said: “We… Read More

 Tagged accounts payable, avidxchange, fintech adoption

May 13, 2024 @ 12:21 pm By JD Alois  |  

Top Fintech VC firm QED Investors has participated in a funding round of Aplazo, a Mexico-based buy now pay later (BNPL) firm. According to a release, Aplazo has closed on an additional $70 million in funding inclusive of a $45 million Series B round. QED… Read More

 Tagged aplazo, bnpl, buy now pay later, latam, mexico, qed, qed investors

May 13, 2024 @ 12:01 pm By Tony Zerucha  |  

This week, the American Fintech Council, an industry association representing fintech companies that deliver critical access to safe and affordable financial services, issued a statement supporting the Joint Agency Third Party Risk Management Guide for Community Banks, a document that helps community banks navigate fintech… Read More

 Tagged american fintech council, community banks, FIntechs, Phil Goldfeder, Third Party Risk Management Guide for Community Banks

May 13, 2024 @ 10:08 am By Omar Faridi  |  

Experian announced the launch of Cashflow Attributes, a solution to help expand fair and affordable access to credit, particularly for thin-file and credit invisible consumers. With over 900 income, cashflow and affordability attributes, Experian’s cashflow insights are available now and “allow lenders to seamlessly integrate… Read More

 Tagged banking, experian

May 13, 2024 @ 9:39 am By Omar Faridi  |  

SoFi’s (NASDAQ: SOFI) brokerage division will be required to pay a $1.1 million penalty to the Financial Industry Regulatory Authority (FINRA) for alleged fraud detection shortcomings which reportedly enabled fraudsters to create SoFi Money accounts by using fake or stolen identities online. SoFi Securities allegedly… Read More

 Tagged enforcement, fake ids, finra, fraud, sofi

May 13, 2024 @ 9:16 am By Tony Zerucha  |  

BlueSnap, a global payment orchestration platform for B2B and B2C businesses, this week announced the appointment of Brian Greenfield as chief financial officer. Greenfield brings more than twenty years of experience in both financial and senior executive leadership roles with global venture-backed companies across multiple… Read More

 Tagged b2b payments, B2C payments, bluesnap, Brian Greenfield

May 13, 2024 @ 8:41 am By Omar Faridi  |  

Driven by the prospect of higher interest rates, lower fees, and around-the-clock access, new customers flocked to digital banks during the past year. This, according to research and key findings shared in a new banking sector report. For the most part, the direct banking institutions… Read More

 Tagged banking, digital banks, fintech adoption, research

May 13, 2024 @ 8:36 am By Omar Faridi  |  

Rippling is now available for companies headquartered in the United Kingdom. As the all-in-one workforce platform with built-in payroll, HRIS, benefits and more, Rippling offers access “to over a dozen products that support your UK and global employees.” Today, most businesses in the UK utilize… Read More

 Tagged payroll, rippling, uk, united kingdom

May 13, 2024 @ 8:05 am By Tony Zerucha  |  

Mesh, a provider of real-time professional license verification trusted by leading marketplaces, today announced the launch of its Multi-Factor Business Identity solution for marketplaces, e-commerce, and vendor and contractor compliance. Co-founded by ex-Amazon executives Diego Asenjo (CEO) and Tony Bryan (CTO), and following a $5.7 million seed… Read More

 Tagged Andres Benvenuto, Diego Asenjo, identity, John Mannelly, mesh, Mike Nelson

May 13, 2024 @ 7:46 am By Omar Faridi  |  

Carta has released their State of Private Markets: Q1 2024 report. Carta notes that the venture capital fundraising market “remained slow in Q1 2024, but valuations held steady or climbed at almost every stage.” Carta also mentions that the startup fundraising market “got off to… Read More

 Tagged carta, fundraising, research, vc, venture capital