Andreessen Horowitz Reportedly Raises $7.2B for Venture Strategies Including Consumer Apps And Fintech

Andreessen Horowitz has reportedly raised $7.2B for the following venture strategies: American Dynamism ($600M), Apps ($1B), Games ($600M), Infrastructure ($1.25B), and Growth ($3.75B). This marks an important milestone for the firm. When Marc and Ben Horowitz started the firm in 2009, the conventional wisdom in… Read More

Chinese Digital Payments Platform WorldFirst Launches Payment Solution WorldTrade

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

ISDA Announces Release of GenAI in the Derivatives Market Research Study

ISDA has released a whitepaper from ISDA Future Leaders in Derivatives (IFLD), its professional development program for emerging professionals in the derivatives market. The whitepaper, GenAI in the Derivatives Market: a Future Perspective, was reportedly “developed by the third cohort of IFLD participants, who began… Read More

Saudi Central Bank SAMA to Support Investment Immersion Initiative

The Saudi Central Bank (SAMA) has opened registration for its fourth edition of the Investment Immersion Program (IIP) as from Wednesday, April 17, 2024 for six weeks. The program is an apprenticeship that aims “to employ and develop local investment professionals.” The program, which comprises… Read More

UK’s Allica Bank Teams Up with ClearBank

Allica Bank says it is on a mission to give established businesses in the UK the banking they deserve. Allica Bank explains that it aims to “offer no-nonsense business banking built especially for firms with 5-250 employees, providing dedicated relationship manager support backed up with… Read More

SRM Europe, a Business Services Provider Across UK and European Markets, Acquires Accourt Payments Specialists

SRM Europe, a subsidiary of SRM (Strategic Resource Management, Inc.) providing business advisory services across the United Kingdom and Europe, is pleased to announce the acquisition of Accourt Payments Specialists, a provider of payments consulting and strategic services. With a strong track record in payments,… Read More

Nubank and Mastercard Examine Financial Inclusion Impact on Consumers with Limited Access to Brazil’s Banking System

Analysis of pseudonymized and aggregated data from 3.6 million Nubank (NYSE: NU) customers illustrates drivers and barriers along the journey to long-term financial health. Recently, Nubank and Mastercard (NYSE: MA) released findings “from a study measuring the financial inclusion impact on individuals, including some who… Read More

Fintech Marqeta and Rain to Deliver Earned Wage Access via Embedded Finance

Marqeta (NASDAQ: MQ), the global modern card issuing platform enabling some of the world’s most innovative embedded finance solutions, announced its new partner Rain, a financial wellness benefits provider that helps companies give employees greater control over their finances. Marqeta will power the Rain Card,… Read More

Finzly Partners with EverBank on Payments

Finzly has partnered with EverBank to enable a centralized payments process. EverBank is a nationwide specialty bank providing products and services to both consumer and commercial clients nationwide. Finzly supports banks, Fintechs, and other firms in offering financial services in a real-time ecosystem. Finzly claims… Read More

Online Payments Fintech AffiniPay Expands Operations into Puerto Rico

AffiniPay, the enabler of online payments and software solutions for professionals, has announced the launch of its expansion into Puerto Rico for LawPay and CPACharge. With a strong presence established in the United States and Canada serving over 80,000 accounting and law firms, AffiniPay continues… Read More

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