General News

September 9, 2020 @ 3:11 pm By Samantha Hurst  |  

Payroc LLC and its affiliates, a leading merchant acquirer and global payment processing organization, announced on Tuesday its Canadian Integrated Payments Platform (Caledon) has partnered with NMI, a payments enablement platform, to provide a single-source solution to streamline and secure payment acceptance for ISV’s, ISOs… Read More

September 9, 2020 @ 2:49 pm By JD Alois  |  

Fitch Ratings has announced a new service – the US Marketplace Loan Monitor.  Fitch reports that marketplace loan performance has been “relatively stable” but posits this could change in the coming months as “borrowers focus on priority loan payments.” As has been previously reported, marketplace… Read More

September 9, 2020 @ 12:05 pm By Samantha Hurst  |  

Trulioo, an on-demand global identity verification company, announced on Wednesday it has expanded its identity verification capabilities to Pakistan. This news comes less than two months after Trulioo expanded the capabilities to Vietnam. “Pakistan wants to improve its socio-economic well-being and inclusion by building a… Read More

September 9, 2020 @ 11:43 am By Samantha Hurst  |  

  Mastercard announced on Wednesday it has launched a central bank digital currencies (CBDCs) testing platform to enable central banks to assess and explore national digital currencies. According to Mastercard, CBDCs are designed to be equivalent in value to a nation’s paper currency and subject… Read More

September 9, 2020 @ 11:15 am By Samantha Hurst  |  

SoFi, one of the most successful Fintechs in the U.S., announced on Tuesday it has launched a 20-year partnership with the Los Angeles Rams as part of the inaugural season at the new SoFi stadium. SoFi reported that through the partnership it will team up… Read More

September 9, 2020 @ 9:56 am By Samantha Hurst  |  

BlueVine, an online lender and Fintech bank, announced on Wednesday it has secured a $75 million revolving credit facility from funds managed by Atalaya Capital Management, a private credit and special opportunities investment manager based in New York. The company further revealed that it provided… Read More

September 9, 2020 @ 7:50 am By Samantha Hurst  |  

Salaryo, a U.S.-based fintech platform for freelancers and startups, announced on Wednesday it raised $5.8 million through its latest investment round, which was led by Variant Investments, Dubai-based private equity fund KEN Investments, Techstars Ventures, and Michael Ullmann’s investment group, bringing its total funding to $12 million. This… Read More

September 8, 2020 @ 3:14 pm By Samantha Hurst  |  

    Credit Sesame, a personalized credit service and financial wellness company, recently announced it has launched Cash Back Offers from Sesame Cash, the company’s digital banking platform. According to Credit Sesame,  customers may now earn up to 15% cashback instantly at thousands of local and… Read More

September 8, 2020 @ 2:13 pm By Samantha Hurst  |  

Jifiti, a U.S.-based point of sale (POS) financing platform, announced on Tuesday it has joined forces with Mastercard to scale its point of sale installments offering to provide more options for consumers at checkout. Jifiti reported its platform is fully integrated using Mastercard’s Application Programming… Read More

September 8, 2020 @ 11:32 am By Samantha Hurst  |  

Ohpen, an Amsterdam-based fintech, announced on Tuesday it has acquired cross-border loan and mortgage Software-as-a-Service (SaaS) provider, Davinci. Ohpen reported that the acquisition will allow it to address the $300 billion global bank IT spending market as it targets international expansion. “This acquisition is a testament… Read More

September 8, 2020 @ 11:04 am By Samantha Hurst  |  

Singapore-based global cryptocurrency exchange KuCoin announced on Monday it celebrated its third anniversary. The platform revealed that as part of a celebration, it will launch a series of campaigns with very exciting prizes, including a Porsche 911, iPhone, KuCoin merchandise, and token rewards.  Founded in 2017,… Read More

September 8, 2020 @ 9:27 am By Samantha Hurst  |  

AvidXchange, a U.S. fintech that provides accounts payable and automated payment solutions to midsize businesses, announced on Tuesday the launch of its “Boost your Business” Program, which was created to help more companies quickly and cost-effectively automate their AP. The program notably helps businesses transition to… Read More

September 8, 2020 @ 7:42 am By Samantha Hurst  |  

Thunes, a global B2B cross-border payments network, announced on Tuesday it secured $60 million through its Series B funding round, which was led by Helios Investment Partners with participation from Checkout.com, GGV Capital, and Future Shape. Founded in 2016, Thunes stated its platform provides a “seamless”… Read More

September 7, 2020 @ 11:16 pm By Omar Faridi  |  

Indonesia’s Fintech Lenders Association (AFPI) has reportedly offered to help with disbursing funds that have been allocated to the country’s national economic recovery program (PEN). As first reported by the Jakarta Post, the Indonesian government has been struggling to obtain the data required to provide… Read More

September 7, 2020 @ 8:01 am By Samantha Hurst  |  

Payment processing platform Klarna announced on Monday the launch of its newly redesigned social shopping mobile app in the UK. According to Klarna, the app has been designed to meet the “shifting expectations” of consumers as they adapt from shopping in-store to online. “The app will… Read More

September 6, 2020 @ 10:30 pm By Samantha Hurst  |  

Cryptocurrency exchange Binance announced on Sunday the first project on newly launched Launchpool, which is described as a new product where uses will be able to acquire new token rewards in return for staking BNB, BUSD, and other tokens. The first project to be hosted… Read More

September 4, 2020 @ 2:19 pm By Omar Faridi  |  

A hacking group has reportedly introduced new trojan malware that aims to target Fintech service providers. The malicious scripts have been created to gain access to people’s email accounts, steal their passwords and business-related information. The malware scripts have been added to code that has… Read More

September 4, 2020 @ 1:02 pm By Samantha Hurst  |  

Mercuryo.io, an Estonia-based cryptocurrency payment processing solutions provider, has reportedly secured €2.5 million through its Seed funding round, which was led by Target Global. Founded in 2018, Mercuryo.io describes itself as a crypto wallet and BTC acquiring services for businesses. The company’s mission is to… Read More

September 4, 2020 @ 8:15 am By Samantha Hurst  |  

Hong Kong-based cryptocurrency platform Crypto.com announced on Friday it has launched a French version of its mobile and exchange. The company revealed that the debut is part of its mission of accelerating “the world’s transition to cryptocurrency.” Crypto.com also revealed that since rolling out the… Read More

September 3, 2020 @ 10:01 pm By Anthony Zeoli  |  

Its official, the “accredited investor” definition, which has not changed significantly since its enactment almost 40 years ago, has been massively upgraded. On August 26, 2020, the Securities and Exchange Commission (“SEC”) adopted final amendments to the “accredited investor” definition which fundamentally change and broaden… Read More