General News

December 18, 2020 @ 3:10 pm By Samantha Hurst  |  

Billtrust, a fintech firm focused on B2B payment cycle management, announced on Thursday it has appointed Gwenn Lazar as new Senior Vice President of Channel Development. Billtrust reported that through the role, Lazar will drive the company’s business development and channel management initiatives. Billtrust further… Read More

December 18, 2020 @ 11:46 am By JD Alois  |  

The Securities and Exchange Commission (SEC), Office of the Advocate for Small Business Capital Formation (OASB), has published its annual report and there is plenty of interesting information included in the document. The OASB is a relatively new entity having been mandated by Congress in… Read More

December 18, 2020 @ 10:16 am By JD Alois  |  

The British Business Bank has published Future Fund data on the 971 companies that have been approved for £975.5 million worth of Convertible Loan Agreements since launch last May. The Future Fund is designed to support early-stage ventures that typically do not have the capacity… Read More

December 17, 2020 @ 11:33 pm By Omar Faridi  |  

Kelly Kramer, the former CFO at Cisco, has now joined the Board of Directors at digital asset exchange Coinbase. The San Francisco-based trading platform has also confirmed that Marc Andreessen will be transitioning to Board Director, from Board Observer. The news arrives when the crypto… Read More

December 17, 2020 @ 9:39 pm By Omar Faridi  |  

The COVID-19 pandemic has made it quite challenging for financial industry compliance officials who have had to make changes to how they monitor activities, according to a recent Nasdaq survey. Like many other professionals, they’ve had to adapt to the new remote working environment. Nasdaq’s… Read More

December 17, 2020 @ 3:21 pm By Samantha Hurst  |  

Openpay Group Ltd (ASX: OPY), an Australia-based Buy now, pay later (BNPL) provider announced on Wednesday it has commenced the launch of its operations in the US market.  Openpay describes itself as a fast-growing, and highly differentiated player in global BNPL payment solutions. The provider… Read More

December 17, 2020 @ 11:07 am By JD Alois  |  

UK Chancellor of the Exchequer Rishi Sunak has extended the government-guaranteed Covid-19 business loan schemes until the end of March. The announcement was joined by confirmation that the furlough scheme has been extended until the end of April 2021. The Chancellor said: “Our package of… Read More

December 17, 2020 @ 9:28 am By Samantha Hurst  |  

RateSetter, a leading UK based peer to peer lender, announced on Wednesday it has sold its £120m portfolio of property development loans to Shawbrook Bank. According to RateSetter, the acquisition follows the announcement in August that the lending platform was focusing on consumer finance. The… Read More

December 16, 2020 @ 11:14 pm By Omar Faridi  |  

The University of Alabama is teaming up with Chainalysis, a provider of compliance and investigation software of virtual currency transactions. Through the partnership, both organizations will aim to offer “cutting-edge” education and training for students. Blockchain analysis firm Chainalysis noted in a blog post that… Read More

December 16, 2020 @ 10:45 pm By Omar Faridi  |  

New York-based tech giant IBM Corp. (NYSE:IBM) has acquired Expertus Technologies Inc., a Canadian Fintech company that assists clients with processing over $50 billion in transactions per day. IBM bought the company so that it could enhance its electronic-payments capabilities. Expertus has now been added… Read More

December 16, 2020 @ 9:16 am By Samantha Hurst  |  

  Abu Dhabi Securities Exchange (ADX) and the Tel Aviv Stock Exchange (TASE: TASE) announced on Wednesday they have signed a memorandum of understanding (MOU). The duo claims this is the first time an Arab exchange has entered into a commercial relationship with the state… Read More

December 16, 2020 @ 8:09 am By Samantha Hurst  |  

U.S. fintech Self Financial announced on Tuesday it secured $40 million through its Series D investment round, which was led by Meritech Capital with participation from  Altos Ventures, Conductive Ventures, and Silverton Partners. According to Self, the investment round brings its total funds to $77 million and comes… Read More

December 15, 2020 @ 11:50 pm By Omar Faridi  |  

More UK-based consumers have been supporting their local independent businesses during the COVID-19 pandemic, according to research conducted by Nucleus Commercial Finance. The researchers revealed that the vast majority (96%) of UK consumers support their local businesses and 63% of them have made a special… Read More

December 15, 2020 @ 3:42 pm By Samantha Hurst  |  

  Integrated payments platform Paysafe announced on Tuesday it has expanded its alternative payment method Paysafecash to the U.S. This expansion comes less than six months after Paysafecash made its debut in Mexico. Now in nearly 30 countries, Safesafecash is designed for consumers who do… Read More

December 15, 2020 @ 2:05 pm By Samantha Hurst  |  

  U.S. digital bank Radius Bank announced on Tuesday the recent launch of its enhanced online business banking platform and mobile app for small business clients. According to Radius Bank, The overhauled user experience was the result of the bank’s continued partnership with fintech startup… Read More

December 15, 2020 @ 10:34 am By Samantha Hurst  |  

    U.S. fintech Galileo announced on Tuesday it has joined forces with TomoCredit to launch a new credit card specifically for consumers lacking a credit history. The company claims the new card is considered the only credit card that does not require a credit… Read More

December 15, 2020 @ 9:43 am By Samantha Hurst  |  

  Payment processing platform Klarna announced on Tuesday it has formed a new partnership with payments and commerce solution platform Verifone. Klarna reported that through the partnership it will be available as the buy now pay later solution to millions of Verifone devices in the U.S…. Read More

December 15, 2020 @ 9:04 am By Samantha Hurst  |  

  Switzerland based Fintech Incubator & Accelerator F10 announced on Tuesday the launch of its new investment unit, F10 Investment AG. According to F10, the unit’s founding investors are F10 FinTech Incubator & Accelerator and the F10 Corporate Partners SIX Group as well as the… Read More

December 14, 2020 @ 9:51 pm By Omar Faridi  |  

Lloyds Banking Group, a British retail and commercial bank with branches across England and Wales with around £436 billion in assets, is reportedly planning to run a 6-month trial or pilot of an invoice financing platform offered by Satago Financial Solutions. If the testing period… Read More

December 14, 2020 @ 3:32 pm By Samantha Hurst  |  

DoorDash (NYSE: DASH) announced on Monday it has teamed up with global fintech Payfare to launch the DasherDirect platform. According to the duo, DasherDirect is a banking solution for DoorDash delivery drivers (aka Dashers) offering a business prepaid Visa card and mobile banking app. The platform also offers… Read More