August 11, 2022 @ 3:52 pm By Omar Faridi  |  

Eagle Life Insurance Company, a provider of fixed and index annuities, has announced that it is teaming up with InvestCloud, a key player in digital transformation, “to offer access to product details about its fixed index annuities (FIAs) via the InvestCloud platform.” Via the InvestCloud… Read More

August 11, 2022 @ 3:36 pm By Omar Faridi  |  

Truework, a Fintech company that provides income and employment verification for the nation’s largest mortgage, auto, and consumer lenders to approve more borrowers in a fraction of the time, recently announced that it raised $50 million in Series C funding. Leading the Series C investment… Read More

August 11, 2022 @ 12:52 pm By JD Alois  |  

StartEngine, one of the largest investment crowdfunding platforms in the US, has announced a partnership with rewards platform Indiegogo. According to a release, the “exclusive” deal will facilitate the “full life cycle of capital from the crowd.” Becky Center, the CEO of Indiegogo, stated that… Read More

August 11, 2022 @ 12:47 pm By Omar Faridi  |  

Unit, the banking-as-a-service platform that empowers companies to embed financial services into their products, announced a partnership with Thread Bank, a digital-first bank based in Rogersville, Tennessee. Companies will now be able to “embed a complete set of banking services into their products—including accounts, cards,… Read More

August 11, 2022 @ 12:38 pm By Omar Faridi  |  

BitPay, which claims to be the world’s largest provider of Bitcoin and cryptocurrency payment services, added a reward program to its BitPay Prepaid Card. Cardlytics (NASDAQ: CDLX), a cash-back rewards platform, is “managing the rewards where the BitPay cardholder automatically receives up to 15 percent… Read More

August 11, 2022 @ 12:20 pm By JD Alois  |  

Anchorage Digital, a federally chartered digital asset bank, has partnered with well-known funding platform and talent board AngelList to invest using USDC. AngelList and Anchorage say they are bridging the gap between fiat currency and VC funding. AngelList, as an online investment platform, has helped… Read More

August 11, 2022 @ 12:05 pm By JD Alois  |  

Ageras Group, based in Denmark, has raised €35 million from CIBC Innovation Banking, according to a corporate statement. Ageras, launched in 2012, has broadened its services over time and now provides a “financial cockpit” for small businesses, including banking accounting, invoicing, payroll, and more. announced… Read More

August 11, 2022 @ 11:36 am By Omar Faridi  |  

Appital, the Equity Capital Marketplace, announced it has “secured an additional £1.7 million investment from Frontline Ventures and various angel investors to bring technological innovation and automation to equity markets.” The investment “follows last year’s £2.5m round led by Frontline Ventures and additional funding from… Read More

August 11, 2022 @ 11:33 am By JD Alois  |  

If a company raises capital under Reg CF, it must file a form with the Securities and Exchange Commission (SEC) along with additional documents to use the exemption. If the company successfully raises money, the requirement to provide information to the SEC (and investors) does… Read More

August 11, 2022 @ 10:49 am By JD Alois  |  

Does the US Federal Government hold crypto? Probably so. Following enforcement actions or tax violations, the feds may confiscate various types of assets, and these can include digital ones like Bitcoin, etc. Earlier this week, Congressman Tom Emmer, along with Congressman Joe Auchincloss, reminded us… Read More

August 11, 2022 @ 9:16 am By Omar Faridi  |  

Timberland Bank has partnered with Plinqit, which claims to be the only savings platform of its kind that pays users for learning about personal finances, “to give customers a simple, easy way to save and plan for future financial needs.” With over $1.8 billion in… Read More

August 11, 2022 @ 8:52 am By Omar Faridi  |  

NPIF – Maven Equity Finance, managed by Maven Capital Partners and part of the Northern Powerhouse Investment Fund, has “invested £250,000 in RiskSmart.” RiskSmart is currently “developing an integrated risk management platform that will make risk management simpler for SMEs by utilizing Machine Learning (ML)… Read More

August 11, 2022 @ 8:49 am By Omar Faridi  |  

The Bank of London, which claims to be the first “purpose-built” global clearing, agency, and transaction bank, recently announced its intention to expand its United States footprint by “opening its US Global Platform & Services headquarters in Charlotte, North Carolina, creating 350 new jobs by… Read More

August 11, 2022 @ 8:47 am By Omar Faridi  |  

Barclays Bank PLC and Microsoft Corp. (NASDAQ: MSFT) announced Barclays has “deployed Microsoft Teams as its preferred collaboration platform, powering collaboration for more than 120,000 colleagues and service partners in key locations around the globe.” Under the agreement, Barclays is “streamlining its existing communications and… Read More

August 10, 2022 @ 10:17 pm By Omar Faridi  |  

The Reserve Bank of Australia is collaborating with the Digital Finance Cooperative Research Centre (DFCRC) on a research project “to explore use cases for a central bank digital currency (CBDC) in Australia.” Considerable research has been “undertaken by central banks, including the Reserve Bank, into… Read More

August 10, 2022 @ 9:55 pm By Omar Faridi  |  

Nearly 70 female secondary students across 26 schools in Singapore got the opportunity “to develop technology solutions for real world problems” in the country’s second annual edition of GenerationTech – J.P. Morgan’s flagship youth program that “aims to close the gender gap in technology careers.”… Read More

August 10, 2022 @ 7:47 pm By Omar Faridi  |  

Western Union (NYSE: WU) recently announced an update to its existing partnership with Visa (NYSE: V), expanding its integration with Visa Direct, Visa’s real-time1 money movement network, “into Western Union’s United States network.” Western Union’s integration with Visa Direct was “initially activated across Europe, allowing Western… Read More

August 10, 2022 @ 7:17 pm By Omar Faridi  |  

Global B2B payments and invoicing network TreviPay announced the launch of its Small Business Supplier Network (SBSN) across the United States, which is reportedly “the industry’s first payments network built for banks and their small business customers.” Following TreviPay’s recent launches of specialized networks for… Read More

August 10, 2022 @ 6:02 pm By JD Alois  |  

Marqeta (NASDAQ:MQ), a digital platform to offer and manage credit cards, reported Q2 earnings today, delivering top line revenue of $187 million, an increase of 53% versus the same period year prior. Marqeta earned a GAAP net income loss of $45 million. Shares in Marqeta… Read More

August 10, 2022 @ 4:42 pm By JD Alois  |  

As COVID lingered and the economy stumbled due to rapidly rising prices and geopolitical strife, investment in private UK firms continued unabated, hitting a record amount of £14.9 billion during the first half of 2022. These investments were led by the burgeoning Fintech sector that… Read More