May 16, 2022 @ 7:30 am By David R. Burton  |  

Passed with large bipartisan majorities and signed into law by President Obama, the 2012 JOBS Act was a bipartisan achievement of consequence. The JOBS Act substantially improved the laws governing entrepreneurial capital formation and has had a measurable positive impact on entrepreneurial capital formation. But… Read More

May 16, 2022 @ 6:32 am By Omar Faridi  |  

$156 trillion will cross international borders in 2022, with cross-border transactions “worth up to 41% more than local ones.” Businesses have the need “to enter new markets, automate payment flows, connect multiple payment providers, and generate data-driven insights.” BridgerPay allows any business “to connect their… Read More

May 16, 2022 @ 6:21 am By Omar Faridi  |  

Axway, an API management provider, and Cloudentity, a provider of modern application identity and authorization, are pleased to provide the first production release to support FDX 5.0 APIs. Financial Data Exchange (FDX) is committed to unifying the financial sector around “a common data standard.” The… Read More

May 16, 2022 @ 5:24 am By Omar Faridi  |  

Dock, a full-stack payments and digital banking platform across Latin America, recently announced that it has secured $110 million in growth funding led by Lightrock and Silver Lake Waterman, along with contributions from existing investors Riverwood Capital, Viking Global Investors and Sunley House Capital, “bringing… Read More

May 16, 2022 @ 1:29 am By Omar Faridi  |  

MPOWER Financing, which claims to be a mission-driven Fintech firm and the “leading” provider of education loans to “promising” international and DACA students, recently announced industry veteran Christopher Zaki “as its new Head of Capital Markets.” Zaki will identify and lead strategic partnerships “with capital… Read More

May 15, 2022 @ 10:35 pm By Omar Faridi  |  

New payment checks at online checkouts are “proving invaluable” as Nationwide Building Society reports it is “protecting its members from an additional 2,000 cases of online card fraud a month.” Despite the fact that some transactions now take a little longer, new research from UK’s… Read More

May 15, 2022 @ 7:53 pm By Omar Faridi  |  

Clear Junction has announced the introduction of an e-wallet solution that will “enable open banking providers to overcome some of the challenges they face when going to market.” Clear Junction has been working on a new and improved e-wallet solution that “adds value to open… Read More

May 15, 2022 @ 7:34 pm By Omar Faridi  |  

Klarna, a global retail bank, payments, and shopping service, recently announced the launch of its Virtual Shopping offering, “bringing the best of in-store to the online experience.” Virtual Shopping by Klarna “enables consumers to browse and buy online with confidence by connecting them directly with… Read More

May 15, 2022 @ 6:37 pm By Omar Faridi  |  

Deserve, the venture-backed Fintech firm expanding and powering the real-time credit card economy, recently announced a $250 million credit facility with Goldman Sachs, Cross River, and Waterfall Asset Management. With Deserve’s digital-first, mobile-centric, and “highly configurable” credit card platform, the company will “use this new… Read More

May 15, 2022 @ 2:02 pm By Omar Faridi  |  

AKUVO, a technology-based organization focused on credit risk and delinquency management, recently announced a round of funding from three credit unions. The investments made by VyStar Credit Union, BCU and Reseda Group, a wholly-owned CUSO of MSU Federal Credit Union, will be channeled towards further… Read More

May 15, 2022 @ 12:59 pm By JD Alois  |  

The Federal Bureau of Investigation (FBI) has arrested Eddy Alexandre, operator of the crypto and Forex trading platform EminiFX, regarding allegations of a $59 million fraud. According to the Department of Justice (DOJ), Alexandre allegedly committed commodities and wire fraud soliciting over $59 million from… Read More

May 15, 2022 @ 9:33 am By JD Alois  |  

The Financial Technology Association (FTA) has issued as statement on the confirmation of four nominees to the Federal Reserve’s Board of Governors, including Chair Jerome Powell, Vice Chair Lael Brainard, Dr. Lisa Cook, and Dr. Philip Jefferson. Penny Lee, CEO of the FTA, stated: “The… Read More

May 15, 2022 @ 8:46 am By Omar Faridi  |  

Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, recently reported financial results “for its fiscal 2022 third quarter ended March 31, 2022.” Max Levchin, Founder and CEO of Affirm, stated: “We continue to deliver strong growth with… Read More

May 15, 2022 @ 7:32 am By JD Alois  |  

ADDX, licensed by the Monetary Authority of Singapore (MAS) to facilitate the issuance and trading of digital securities, will list a private equity fund of funds on its marketplace. ADDX has partnered with Fullerton Fund Management, an Asia-based investment specialist, to offer the Fullerton Optimised… Read More

May 15, 2022 @ 7:19 am By Omar Faridi  |  

DriveWealth, LLC, an international Fintech infrastructure firm that powers equity investing for Fintechs, has announced the appointment of Terry Angelos as Global Chief Executive Officer. This appointment will aim to “support DriveWealth’s continued growth, following a transformational year where the company realized a 100% growth… Read More

May 15, 2022 @ 4:17 am By Omar Faridi  |  

MetaVerse Green Exchange (MVGX), a digital green exchange licensed and regulated by the Monetary Authority of Singapore (MAS) and industrial AI pioneer Red Dot Analytics (RDA), a deep tech spin-off from Nanyang Technological University (NTU), Singapore, have announced a collaboration “to enable greater sustainability in… Read More

May 15, 2022 @ 3:45 am By Omar Faridi  |  

ID-Pal, the identity verification provider, recently revealed that it is entering the UK market after six years of steady growth across Ireland, the US and the European Union. This move has reportedly been planned due to increasing levels of identity fraud and the growing complexity… Read More

May 15, 2022 @ 2:44 am By Omar Faridi  |  

Santander (NYSE: SAN) claims to be the only company in Spain that “enables customers to purchase carbon credits on the ClimateTrade platform and Mastercard donation platform to offset their CO2 emissions.” 74% of its customers think sustainability “is of global importance, and 67% are calling… Read More

May 15, 2022 @ 1:43 am By Omar Faridi  |  

Delta Payment Solutions, the management division of Delta Payment Cooperative, is pleased to confirm that Stacey Wiles has been “appointed to the new role of Chief Executive Officer.” An experienced business executive with an “accomplished” payments industry background spanning more than two decades, Stacey will… Read More

May 15, 2022 @ 12:42 am By Omar Faridi  |  

Katanox, the travel accommodation distribution and Fintech platform, has acquired $5.7 million from a group of financial, hospitality, and tech entrepreneur family offices “to overhaul and reconfigure B2B distribution in hospitality.” The group of investors reportedly “includes Rappi and Yuno co-founder Juan Pablo Ortega, co-founder… Read More