February 28, 2024 @ 9:22 pm By Omar Faridi  |  

Vencora UK Ltd announced the settlement of its public tender offer for all publicly held registered shares of CREALOGIX Holding AG with “a nominal value of CHF 8.00 each. The Offer was completed successfully on February 21, 2024.” The acquisition of CREALOGIX “is expected to… Read More

February 28, 2024 @ 4:58 pm By JD Alois  |  

Congressman Patrick McHenry, the Chairman of the House Financial Services Committee, has reintroduced the Financial Services Innovation Act. The legislation was previously introduced by McHenry but did not garner sufficient traction to move to the House floor for a vote. This bill aims to establish… Read More

February 28, 2024 @ 4:43 pm By Omar Faridi  |  

Recent PitchBook data shows that the journey from a first to a sophomore fund has never been so challenging. Historically, when we examine the period from 2006 to 2018, 63% of first-time managers had been able to secure a second fund, however, the present environment… Read More

February 28, 2024 @ 4:32 pm By JD Alois  |  

Apple (NASDAQ:AAPL) released a buy now pay later (BNPL) product a year ago. Expectations are for a more extended credit option to appear soon as Apple continues its ongoing expansion into financial services. Today, Experian has shared that Apple BNPL users will now have their… Read More

February 28, 2024 @ 3:49 pm By JD Alois  |  

Reports on social media indicate that some Coinbase (NASDAQ:COIN) accounts are spontaneously cratering to zero. In a statement on X, Coinbase said they are aware of the issue and tell account holders their assets are fine. Coinbase describes itself as the “most trusted crypto exchange.”… Read More

February 28, 2024 @ 12:31 pm By Omar Faridi  |  

Backbase says that Alacriti, a cloud-based payments and money services provider, will integrate its payments hub solution into the Backbase Engagement Banking Platform. Through this partnership, Backbase clients will be “able to offer instant payment capabilities to their customers. Backbase, leveraging Alacriti’s Orbipay Payments Hub, will… Read More

February 28, 2024 @ 12:21 pm By Omar Faridi  |  

HoneyComb, which connects growing small businesses with local investors to build vibrant, financially empowered Main Streets, is reporting $23.2M+ invested in local businesses. There have been a total of around 23,000 different investments to date, 426 loan offerings at the time of writing, along with… Read More

February 28, 2024 @ 11:48 am By JD Alois  |  

Yesterday (February 27, 2024), the Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC), met to discuss several issues of importance that impact early-stage firms. Perhaps the most pressing issue is the definition of an Accredited Investor – a rule the Commission… Read More

February 28, 2024 @ 10:00 am By JD Alois  |  

B2B Insurtech Coverdash has closed on a $13.5 million Series A funding round, according to a note from the company.  The company notes that this follows a $2.5 million Seed round from last year. Nyca Partners led the funding, joined by existing investors, including Bling… Read More

February 28, 2024 @ 10:00 am By JD Alois  |  

Treasury Prime, an embedded banking provider, is said to be laying off staff, according to a blog post. Today, the company has issued a statement outlining that it will shift its efforts to regulated banks. Jason Mikula, posting on LinkedIn,  claims that Treasury Prime has… Read More

February 28, 2024 @ 8:24 am By Omar Faridi  |  

Rimes is pleased to announce that Sit Investment Associates has selected its Matrix investment management platform as a crucial part of a firm-wide modernization program. With some $15 billion assets under management (AuM) in the United States, Sit Investment Associates is reportedly “one of the… Read More

February 28, 2024 @ 8:05 am By Omar Faridi  |  

Klarpay, a Swiss financial institution, has launched a new service called Entrepreneur Accounts, a tailored financial solution designed exclusively for Business Founders, UBOs, and Senior Management members who already hold accounts with Klarpay. Recognizing the intrinsic link between entrepreneurs and their businesses, Klarpay is committed… Read More

February 28, 2024 @ 8:01 am By Omar Faridi  |  

Temenos (SIX: TEMN) announced that Šiaulių Bankas, which claims to be the largest independently-owned bank in Lithuania with over €4 billion in assets, has selected Temenos to modernize its core banking platform. Šiaulių Bankas will migrate its retail and corporate banking “including trade finance to… Read More

February 28, 2024 @ 8:00 am By JD Alois  |  

Marqeta (NASDAQ: MQ) has announced a new partnership with AffiniPay. The credit card platform says it will power AffiniPay’s LawPay Visa SMB credit card embedded within its MyCase platform, The card is said to be the first in the industry that helps law firms pay,… Read More

February 28, 2024 @ 7:51 am By Omar Faridi  |  

BNP Paribas (EPA: BNP) and Citi (NYSE:C) have become the first institutional investors in United Fintech Group Limited, a neutral Digital Transformation Platform, as part of a strategic investment round led by Citi. United Fintech is also in advanced talks “with other leading strategic investors… Read More

February 28, 2024 @ 7:45 am By Omar Faridi  |  

Coincheck, Inc. (Headquartered in Shibuya-ku, Tokyo; Satoshi Hasuo, Representative Director & President) and Circle Internet Financial, LLC, a global financial technology firm and the issuer of USDC1, announced plans for a partnership to expand USDC access in the Japanese market. USDC is a fully reserved… Read More

February 27, 2024 @ 11:27 pm By JD Alois  |  

UK consumers can take advantage of savings rates of more than 5%, yet some remain stuck at financial institutions that offer far lower returns. After publicly chastising firms that fail to pass on higher rates to savers, the UK Financial Conduct Authority is now launching… Read More

February 27, 2024 @ 8:28 pm By JD Alois  |  

Fintech Australia is hosting a new event – Fintech Net Zero. The goal is to highlight the sector’s sustainability qualities. Fintech Australis is the association that advocates on behalf of all forms of Fintech in the country. According to a note distributed by the group,… Read More

February 27, 2024 @ 8:18 pm By Omar Faridi  |  

Finix, the payments technology provider enabling businesses to accept and send payments, announced today that its suite of unified payment offerings is now available in Canada. This marks the company’s first international launch as it “continues to enable businesses of all sizes to create reliable… Read More

February 27, 2024 @ 4:15 pm By Omar Faridi  |  

Chime is pleased to announce a new partnership with Zogo, a financial education platform that offers bite-sized, gamified lessons where users can complete lessons to earn real rewards like gift cards, charity donations and more. All Chime members now “have fee-free access to more than… Read More