May 5, 2023 @ 8:17 am By Omar Faridi  |  

Zodia Custody has announced plans to become a net-zero company by 2050, as a signatory of the taskforce for leading tech companies fighting climate change, Tech Zero. With over 300 tech companies already among the signatories, Zodia Custody is reportedly the first digital asset custodian… Read More

May 5, 2023 @ 2:27 am By Omar Faridi  |  

Torpago, a modern business credit card and spend management platform provider, today launched Powered By, a private label credit card program that will “allow community banks and credit unions to launch their own fully branded, end-to-end corporate credit card product and accompanying spend management platform.”… Read More

May 4, 2023 @ 11:17 pm By Omar Faridi  |  

Airwallex, a global fintech platform, is pleased to announce the launch of its Go Global campaign in Hong Kong, “unlocking opportunities for SMEs, ecommerce businesses and start-ups to scale and expand internationally.” Airwallex Hong Kong’s continued growth and development in the market “is evidenced by… Read More

May 4, 2023 @ 10:57 pm By Omar Faridi  |  

Onfido, the global provider of automated digital identity verification and authentication announced that its Real Identity Platform services are now “available for Salesforce (NYSE: CRM) Financial Services Cloud customers.” Financial Services Cloud customers now “have access to a suite of Onfido’s services, including Onfido’s library… Read More

May 4, 2023 @ 10:41 pm By Omar Faridi  |  

Merchant commerce omnichannel platform, Pine Labs announced the acceptance of digital Rupee on its PoS terminals in partnership with ICICI Bank. The technology integration “between the two entities will now support e₹ (Digital Rupee) acceptance at Pine Labs‘ point-of-sale terminals across key retail outlets in… Read More

May 4, 2023 @ 10:23 pm By JD Alois  |  

Setscale is a Fintech startup that aims to help small businesses finance purchase orders. The company has just emerged from stealth and has announced a $9.5 million Seed round accompanied by $70 million in debt financing. The funding round was backed by Fin Capital, Great… Read More

May 4, 2023 @ 9:58 pm By JD Alois  |  

The House Financial Services Committee has announced a new hearing on the recent bank failures. The Oversight and Investigations Subcommittee Hearing will meet to discuss the “Oversight of Silicon Valley Bank and Signature Bank: GAO’s Preliminary Review.” Both Silicon Valley Bank and Signature Bank suffered… Read More

May 4, 2023 @ 9:50 pm By Omar Faridi  |  

Delta Capita, a global capital markets consulting, mutualised managed services and technology provider, announces that it has partnered with Reg X Innovations, a regulatory technology start up, “to launch a new regulatory readiness assessment platform.” Specifically designed to prepare clients for the EMIR Refit, Delta… Read More

May 4, 2023 @ 9:49 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of “choice” for major businesses, has partnered with Olo Inc. (NYSE: OLO), an SaaS platform for restaurants, to provide restaurant businesses “with a faster and easier way to consolidate digital and in-store payments, apply for capital, and… Read More

May 4, 2023 @ 9:01 pm By Omar Faridi  |  

LexisNexis Risk Solutions released its latest Small and Midsize Business (SMB) Lending Fraud Study. Based on a survey of lenders, SMB lending fraud “has increased significantly during the past 12 months, with many smaller banks, credit unions and fintechs expecting fraud levels to worsen over… Read More

May 4, 2023 @ 3:44 pm By Omar Faridi  |  

Novidea, creator of the born-in-the-cloud, data-driven platform optimizing the entire insurance policy and distribution lifecycle, announced that it has raised $50 Million in Series C funding. The investment round was “led by Battery Ventures with participation from Cross Creek, both new investors, and the company’s… Read More

May 4, 2023 @ 2:43 pm By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, announced an expanded global partnership with Uber Technologies, Inc. Uber will significantly “expand its use of Stripe’s payments platform, including in the US, to reduce costs and give customers more flexible ways to pay for Uber Rides and… Read More

May 4, 2023 @ 12:15 pm By JD Alois  |  

The SEC Small Business Capital Formation Advisory Committee (SBCFAC) has announced new members following the completion of the majority of members four-year terms. The SBCFAC was created to provide the Commission with recommendations that support smaller firms, improve access to capital and mitigate onerous regulations… Read More

May 4, 2023 @ 11:52 am By JD Alois  |  

The Small Business & Entrepreneurship Council (SBE Council) says the Biden Administration is falling short in its support of small businesses and entrepreneurs.  The group says Biden’s policies receive a failing grade from business owners. Meanwhile, a “self-generated report” by the Administration that gives itself… Read More

May 4, 2023 @ 11:27 am By JD Alois  |  

Phil Haslett, co-founder and Chief Strategy officer at EquityZen, believes that the ongoing bank crisis could be a catalyst for the initial public offering (IPO) market in 2023. So this may be a bit of a stretch, but Haslett sees the collapse of Silicon Valley… Read More

May 4, 2023 @ 11:07 am By JD Alois  |  

Ireland-based investment firm Elkstone has raised around €5 million in strategic capital from a range of investors, including Dalata hotel group founder Pat McCann, according to a statement by the firm. McCann, who is also Chairman of the firm, said: “I take great pride in… Read More

May 4, 2023 @ 10:48 am By JD Alois  |  

Digital asset enabler Paxos has been recruited by Fierce to provide crypto services. Fierce is a neobank that offers a “super app” that includes an FDIC-insured checking account, a no-fee Debit Card, fractional stock, ETF trading, and more. Fierce banking services are provided in partnership… Read More

May 4, 2023 @ 10:33 am By Omar Faridi  |  

Lemonade, Inc. (NYSE: LMND) has released its first quarter 2023 financial results. The Q1 2023 financial results were shared by Lemonade in the Letter to Shareholders and can be accessed via the company’s investor relations section. As covered, Lemonade reportedly “offers renters, homeowners, car, pet,… Read More

May 4, 2023 @ 10:27 am By Omar Faridi  |  

Stevens Institute of Technology and Rensselaer Polytechnic Institute announced their first industry members, “including Bank of America (NYSE: BAC), and initial research projects for the Center for Research toward Advancing Financial Technologies (CRAFT).” An industry-university cooperative research center, “backed by a grant from the National… Read More

May 4, 2023 @ 9:36 am By JD Alois  |  

  The European Central Bank (ECB) has increased its benchmark rate by 25 basis points following a similar move by the US Federal Reserve. In a statement, the ECB said the inflation remains elevated, and the Governing Council concurs with its prior assessment of the… Read More