General News

August 17, 2020 @ 3:28 pm By Samantha Hurst  |  

Robinhood, a modern trading platform that offers both traditional securities as well as crypto, announced on Monday it raised $200 million through its Series G funding round, bringing the company’s valuation to $11.2 billion. The investment was led by D1 Capital Partners. Founded in 2013,… Read More

August 17, 2020 @ 12:33 pm By Samantha Hurst  |  

  Payments platform Stripe recently announced it has appointed Dhivya Suryadevara as its new Chief Financial Officer. Prior to joining Stripe, Suryadevara served as Chief Financial Officer at the automobile brand, General Motors, where she oversaw financial operations amounting to over $100 billion in annual… Read More

August 17, 2020 @ 11:41 am By Samantha Hurst  |  

Plastiq, a U.S.-based intelligent payments solution for small business, announced on Friday it has launched on Visa’s Small Business Hub. According to Plastiq, the Visa Small Business Hub helps the small business community to create and strengthen customer relationships through claimed safe, digitally-enabled practices. “The… Read More

August 17, 2020 @ 9:29 am By Samantha Hurst  |  

Envestnet, Inc. (NYSE: ENV), a provider of intelligent systems for wealth management and financial wellness, announced on Monday it proposes to offer $450 million aggregate principal amount of convertible notes due 2025 in a private offering to qualified institutional buyers pursuant to Rule 144A under… Read More

August 17, 2020 @ 8:07 am By Samantha Hurst  |  

‘ UK-based digital banking group Starling Bank announced on Monday its latest survey reveals four in five (80%) UK SMEs are confident they will recover from the COVID-19 pandemic. The survey, which was conducted with the Great British Entrepreneur Awards (GBEA) was done on more… Read More

August 17, 2020 @ 7:57 am By Omar Faridi  |  

Leading cryptocurrency exchange Binance reveals that if you had invested $1,000 on Jan 1,  2020, in both Amazon (NASDAQ:AMZN) stock and Bitcoin (BTC), you would have earned significantly more from your Amazon holdings, when compared to the price appreciation of the leading digital currency. However,… Read More

August 16, 2020 @ 10:12 pm By Samantha Hurst  |  

RemitRadar, a UK-based money transfer marketplace, is now seeking £400,000 through its recently launched equity crowdfunding campaign on Seedrs. Founded in 2014, RemitRadar describes itself as a money transfer marketplace aggregating major money transfer systems to provide consumers with a “​one-stop “​ money transfer and… Read More

August 16, 2020 @ 5:13 pm By Omar Faridi  |  

The Honeycomb Investment Trust (LON: HONY), which focuses on investing in credit assets originated by non-bank lending platforms, mainly in the UK, might be getting ready to make another offer to Pollen Street Secured Lending (PSSL), according to a public statement. PSSL’s board members had… Read More

August 16, 2020 @ 4:41 pm By Omar Faridi  |  

Uruguay’s Kona, a company focused on enhancing customer experience with machine learning (ML) enabled solutions for businesses, which includes chatbots and various cognitive solutions for call centers, has reportedly landed a deal with a major Canadian bank. Established in Montevideo, and now headquartered in Toronto,… Read More

August 15, 2020 @ 12:17 pm By Omar Faridi  |  

During the past few months, the National Cyber Security Centre (NCSC) reportedly took down more than 300,000 website URLs that were related to fake celebrity-backed or endorsed investments. More than half or 150,000 sites involved potentially fraudulent cryptocurrency investment offers. The NCSC noted on August… Read More

August 14, 2020 @ 2:03 pm By Samantha Hurst  |  

Cloud-based accountancy software provider FreeAgent announced on Thursday it has launched an integration with NatWest’s online banking to allow its customers to oversee, plan, and protect their businesses. The company also announced its new partnership with UK insurer Hiscox to allow businesses to obtain an… Read More

August 14, 2020 @ 10:21 am By Samantha Hurst  |  

The Federal Reserve Bank of Boston announced on Thursday it has formed a multi-year partnership with the Digital Currency Initiative at the Massachusetts Institute of Technology (MIT) for research related to a central bank digital currency. According to the organization, this research project will explore… Read More

August 14, 2020 @ 9:15 am By Samantha Hurst  |  

  AvidXchange, a U.S. fintech that provides accounts payable and automated payment solutions to midsize businesses, announced on Friday it has launched Tech Rising, an initiative spearheaded by the AvidXchange Foundation that aims to remove barriers to technology education and resources for youth and young… Read More

August 14, 2020 @ 8:05 am By Samantha Hurst  |  

Mastercard announced on Friday it has formed a global commercial partnership with merchant software platform, Pollinate. Through the collaboration, the duo will reportedly bring the latest technology and data insights to banks serving small and medium businesses around the world. In a statement, the companies… Read More

August 13, 2020 @ 11:43 pm By Omar Faridi  |  

The next or upcoming UK Budget will have to be the “most pro-business ever” so that it can counter the negative impact of the recession, according to the Federation of Small Businesses (FSB), a member-led, non-profit and non-party organization that represents SMBs. The United Kingdom… Read More

August 13, 2020 @ 10:45 pm By Samantha Hurst  |  

  PayActiv, a U.S.-based provider of employment-based holistic financial wellness services, announced on Thursday it secured $100 million through its Series C funding round, which was led by Eldridge and includes existing PayActiv shareholders Generation Partners and the Ziegler Link•Age Fund II. As previously reported,… Read More

August 13, 2020 @ 10:40 pm By Samantha Hurst  |  

 Mastercard announced earlier this week it has a new low-cost payment solution, called SME-in-a-Box,  to allow small business owners to move their businesses online and accept a range of digital payments from their customers. According to Mastercard, SME in a Box offers a low-cost acceptance… Read More

August 13, 2020 @ 10:33 pm By Samantha Hurst  |  

  Loanpal, a U.S.-based residential solar financing provider, announced on Thursday it has joined forces with Blackstone (NYSE: BX), through funds managed or advised by GSO Capital Partners, to invest in up to $300 million of residential solar loans originated and serviced on the Loanpal… Read More

August 13, 2020 @ 9:46 pm By Samantha Hurst  |  

Cred.ai, a U.S.-based startup, has launched its new banking platform specifically for millennials, along with its solid metal credit card. The company reported that it has been operating in “stealth” for more than three years to build its platform, which is notably designed to “empower”… Read More

August 13, 2020 @ 8:59 pm By JD Alois  |  

Reg CF (or Regulation Crowdfunding) a securities exemption that allows small companies to raise capital online had a great July – even in the midst of social distancing and lockdown due to the ongoing COVID-19 health issue. According to an email distributed by Crowdfund Capital… Read More