General News

Australian Neobanks Continue to Slash Interest Rates on Savings Accounts due to Economic Challenges Created by COVID-19

Even though interest rates offered by challenger banks or neobanks in Australia (and globally) are generally higher than those offered by incumbents, Mozo reports that these all-digital banking platforms have been lowering their rates. Analysis performed by Mozo reveals that three neobanks were forced to… Read More

Intercontinental Exchange Acquires Ellie Mae for $11 Billion to Establish Firm Presence in Trillion Dollar Residential Mortgage Sector

Intercontinental Exchange (NYSE:ICE), the owner of the world’s largest stock exchange, the New York Stock Exchange (NYSE), with a market cap of around $23 trillion, has reportedly agreed to purchase Ellie Mae from Thoma Bravo. The deal values Ellie Mae, a mortgage finance software developer,… Read More

Honeycomb Investment Trust, which focuses on Alternative Financing, Seeks £1.5 Billion Merger with Pollen Street Secured Lending

Honeycomb Investment Trust (LON: HONY), a company specializing in investing in credit assets originated by non-bank lenders and other originators of various lending assets, mainly in the UK, is reportedly considering a potential £1.5 billion merger with Pollen Street Secured Lending (PSSL), in order to… Read More

Tagomi Co-Founder Greg Tusar Named Vice President of Institutional Products At Coinbase

Cryptocurrency platform Coinbase announced earlier this week it has appointed Greg Tusar, Co-Founder of U.S.-based institutional crypto brokerage platform Tagomi, as its new Vice President of Institutional Products. The appointment comes just a couple of months after Coinbase acquired Tagomi.  According to Coinbase, Tusar brings more… Read More

BCB Group Forms Partnership With Circle For USBC Stablecoin Payments, Clearing, & Custody Demand

Global digital asset financial service company BCB Group announced on Thursday it has formed a partnership with U.S. fintech Circle. BCB reported that it will be implementing the full range of Circle platform functionality to improve the speed, efficiency, and cost of client payments as… Read More

Wirex First: Receives Money Transmission License From State of Georgia Department of Banking & Finance.

Wirex, a UK-based payments platform, announced on Friday it has received its first money transmission license in the U.S. from the State of Georgia Department of Banking and Finance. According to Wirex, the license will allow them to engage in the business of money transmission… Read More

Paystand Releases Touchless Prepaid Alternative Product “Zero Card”

  PayStand, a blockchain-based, B2B payments firm, announced on Thursday the release of its new product, Zero Card. According to Paystand, Zero Card is an entirely touches, prepaid alert native to corporate expense cards. It is designed for mid-market businesses that are in need of… Read More

Kabbage to Stop Accepting New Applications for Paycheck Protection Program Before August 8th Deadline

Global financial service platform Kabbage announced it will not be accepting new applications for the Paycheck Protection Program after August 6th (today). The online lender decided to close the application process for new applicants before the August 8th deadline in order to finalize existing applications…. Read More

eBay Teams Up With LendingPoint to Provide Seller Financing to Entrepreneurs & Businesses

eBay announced on Wednesday it has joined forces with LendingPoint, a data and technology platform dedicated to democratizing credit and accelerating commerce, to launch a new program that will give eBay sellers in the U.S. access to funding to help grow and sustain their businesses, called… Read More

UK Fintech Curve Reportedly Looking to Secure Between £100 Million & £120 Million Through Upcoming Series C Funding Round

Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, is seeking to raise between £100 million and £120 million through its Series C round, Sifted reports.  Founded in 2015, Curve is on a mission to simplify… Read More

Asian Finance Service GoBear Teams Up With UnionBank to launch Lending As A Service Offering in the Philippines

GoBear, a Singapore-based finance services and data platform, announced on Thursday it has formed a partnership with Southeast Asian digital bank UnionBank to launch a lending as a service offering in the Philippines. The launch of the partnership comes just a few months after GoBear… Read More

U.S. Digital Lending Platform Roostify Announces Enhancement in Credit Services Product

Roostify, a U.S.-based digital lending platform, announced on Wednesday the enhancement of its Credit Services product. Roostify reported that through this new integrated service, the platform’s customers can select tri-merge, single bureau, soft and hard credit pulls directly from the Roostify’s site. “Integrated credit is… Read More

Global Payroll Provider CloudPay Secures $35 Million in Growth Capital

Global payroll provider CloudPay announced on Tuesday it has raised $35 million in growth capital. The company reported that its new investor Runway Growth Capital joined existing investors Rho Ventures and Pinnacle Investment Partners to support scaling the business as it prepares to bring new… Read More

Finexio Forms New Partnership With Billtrust to Expand Supplier Network & Meet Digital Payments Demand

Finexio, a U.S.-based fintech that offers a comprehensive accounts payable payments-as-a-service solution, announced on Monday it has formed a new partnership with B2B order-to-cash solutions provider Billtrust to provide faster digital payments to its suppliers and support the continued growth of its supplier network. According… Read More

Gibraltar Finance Joins International Association of Trusted Blockchain Applications

HM Government of Gibraltar’s Gibraltar Finance announced on Tuesday it has been accepted as a member of the International Association of Trusted Blockchain Applications (INATBA). According to Gibraltar Finance, the INTABA provides developers and users of Distributed Ledger Technology (DLT) with a global forum where… Read More

TradingScreen Subsidiary MARKTS Teams Up With OSL to Open Asia’s Digital Asset Market to Global Investors

TradingScreen Inc. (TS) subsidiary MARKTS, a digital asset order and execution management system (OEMS), announced on Wednesday it has teamed up with OSL, an Asian digital asset platform, to launch OSL Exchange and OSL intelligent Request for Quote (iRFQ) trading services on MARKTS. According to… Read More

New Lenders Added for CLBILS While 1.2 Businesses Supported by COVID Schemes, Future Fund Grows Too

Today the British Business Bank has announced that it has approved Allied Irish Bank, Investec Bank plc, and Mercedes-Benz Financial Services UK Limited have been accredited under the Coronavirus Large Business Interruption Loan Scheme (CLBILS). These three new CLBILS lenders will be able to provide… Read More

Spanish Neobank Bnext Raises Additional €11 Million Through Extended Series A Funding Round

Bnext, a Spain-based mobile-first neobank, has reportedly raised an additional €11 million through its extended Series A funding round, which raised €22 million ($25 million) last Fall.  As previously reported, Bnext offers customized services tailored to individual needs. The mobile banking platform allows its customers… Read More

Buy Now Pay Later Payments Platform Afterpay Announces New Brand Identity System

Afterpay, a digital platform that offers interest-free installment plans for online purchases, announced on Wednesday its new global look, feel and positioning, which captures the power and value enabled by the platform at a time of incredible growth for the business and its customers. While… Read More

Biz2Credit Analysis of COVID-19 Effects on Small Businesses Reveals: Revenues Dropped 52% and Payrolls Declined 54%

Small business funding platform Biz2Credit announced on Tuesday its new Small Business Financial Health Survey, a study of primary data from 300 small business owners who received funding through the U.S. government’s Paycheck Protection Program (PPP), revealed year-over-year second quarter revenues of small business owners… Read More

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