General News

September 18, 2020 @ 9:27 am By Samantha Hurst  |  

Online financial advisor Betterment announced on Thursday it has formed a partnership with insurtech company Sure to provide cell phone insurance to Betterment Checking users, offering coverage for phone damage or theft. The offering is notably available to any Betterment Checking user that pays their monthly cell bill… Read More

September 18, 2020 @ 8:14 am By Samantha Hurst  |  

Cloud-based clearing bank ClearBank announced on Thursday it is now offering multi-currency banking accounts through API. The banking group reported that in the fourth quarter of 2020 it will be able to offer more than 30 multi-currency bank accounts, which will provide customers with the… Read More

September 18, 2020 @ 5:32 am By Omar Faridi  |  

Dana Farrugia, CEO at Tech.mt, a Żejtun, Malta-based IT company that was established last year by the Southern European island nation’s government, notes that her organization aims to help Malta with attracting foreign direct investment (FDI). It also aims to support international business development projects. Farrugia… Read More

September 17, 2020 @ 9:49 pm By Samantha Hurst  |  

U.S. fintech Affirm announced on Thursday it secured $500 million through its Series G investment round, which was led by GIC and Durable Capital Partners LP. Other returning investors include Lightspeed Venture Partners, Wellington Management Company, Baillie Gifford, Spark Capital, Founders Fund, and Fidelity Management… Read More

September 17, 2020 @ 3:02 pm By Samantha Hurst  |  

Global blockchain payments provider BitPay announced on Wednesday a new feature enabling users to buy cryptocurrency from within the BitPay Wallet App using Wyre. According to BitPay, Customers can now buy Bitcoin and ETH using a debit card or Apply Pay through the mobile app. While sharing more… Read More

September 17, 2020 @ 12:46 pm By JD Alois  |  

Going Public Using Reg A+ Reg A+ is a JOBS Act exemption that launched with great hope but in some respects, soon fizzled.  The Securities and Exchange Commission (SEC) followed the guidance of Congress and took a moribund securities exemption, that no one used anywhere,… Read More

September 17, 2020 @ 10:43 am By Samantha Hurst  |  

Silicon Valley accelerator, Plug and Play, announced on Thursday it selected 147 new startups into its winter 2020 batches. According to Plug and Play, the startups were selected to join one of the following programs that will run through November 2020: Energy, Fintech, Health, Insurtech, Internet of Things, Mobility, Real Estate &… Read More

September 17, 2020 @ 8:14 am By Samantha Hurst  |  

  Wirex, a UK-based payments platform, announced on Thursday it is firing a “warning shot” at its competitors by launching a comprehensive product overhaul, along with a new Mastercard. According to Wirex, the overhaul kicked off with the release of new features, which includes five… Read More

September 16, 2020 @ 9:58 pm By JD Alois  |  

Securrency, a digital asset infrastructure company, has partnered with the Chamber of Digital Commerce to schedule a very interesting virtual event. The webinar entitled ‘Two Sides of the American Coin” will feature several of the top regulators in the US tackling the topic of the… Read More

September 16, 2020 @ 3:18 pm By Samantha Hurst  |  

  Jetty, a U.S.-based fintech on a mission to make renting a home more affordable and effortless for everyone, announced on Wednesday the launch of its offering, Unlock Deposit, which allows renters to free up their cash deposit in exchange for a small, one-time or… Read More

September 16, 2020 @ 2:57 pm By Samantha Hurst  |  

ACAP, an SBA-approved non-bank lender and national loan aggregator of Paycheck Protection Program (PPP) loans, announced on Wednesday it has signed a new deal with Biz2Credit to utilize the Biz2X PPP Forgiveness Platform. ACAP reputed that it and its servicing team The Loan Source will… Read More

September 16, 2020 @ 2:04 pm By Samantha Hurst  |  

Investment bank, wealth manager, and Oppenheimer Holdings subsidiary, Oppenheimer & Co, Inc. announced on Wednesday it has formed a strategic alliance with global fintech firm, InvestCloud. Oppenheimer reported that the partnership will accelerate the buildout of its digital experience platform for the firm’s financial advisors… Read More

September 16, 2020 @ 11:29 am By Samantha Hurst  |  

Global payments platform Veem announced on Wednesday it secured $31 million through its latest investment round, which was led by Truist Ventures, the corporate venture capital division of Truist Financial Corporation (NYSE: TFC) with participation from MUFG Innovation Partners, AB Ventures, Paper Excellence, and Myer… Read More

September 16, 2020 @ 10:19 am By Samantha Hurst  |  

Chipper, a U.S. social impact fintech, announced on Wednesday the launch of Explore, which is a feature designed to transform the way student loan borrowers navigate the complex repayment process after the CARES Act expires in December. According to Chipper, the feature enables borrowers to… Read More

September 16, 2020 @ 9:12 am By Samantha Hurst  |  

Xignite, a provider of market data cloud solutions for financial institutions and fintech companies, announced on Wednesday it recently enhanced its Bond Master API. Xignite offers several APIs that provide real-time, delayed, historical fixed income pricing and reference data for corporate and agency debt bonds…. Read More

September 16, 2020 @ 7:43 am By Samantha Hurst  |  

Fintech Europe, Plug and Play’s fintech-focused innovation platform based in Frankfurt, Germany, announced on Wednesday the eight startups selected for its sixth batch. Plug and Play reported that the platform has grown its partner base to 13 Financial Institutions since its inception in May 2018…. Read More

September 15, 2020 @ 11:53 pm By Omar Faridi  |  

The digital technology sector in Scotland has reportedly been growing as fast (if not faster) than that of London and the South East for the past few years. E-commerce giant Amazon is now planning to create new jobs for the residents of Dundee and Fife…. Read More

September 15, 2020 @ 7:51 pm By Omar Faridi  |  

The online or digital lending sector has been criticized for its inability to scale effectively or to be able to endure challenging environments like those created due to COVID-19. However, it now appears that overall credit quality, through online lenders, has performed better than some… Read More

September 15, 2020 @ 4:51 pm By JD Alois  |  

Varada, an Israel based data virtualization platform, has raised a $12 million Series A round of funding led by MizMaa Ventures with participation by Gefen Capital. The round also included participation from existing investors Lightspeed, StageOne Ventures and F2 Venture Capital who contributed in early… Read More

September 15, 2020 @ 3:59 pm By Samantha Hurst  |  

MoneyLion, a U.S.-based consumer digital finance platform, announced on Tuesday the launch of its new thematic investment solutions. MoneyLion reported that through thematic investing, its members may now invest in portfolios that reflect their personal preferences and interests, which includes clean energy, artificial intelligence, and… Read More