Tagged: boston

Fintech Lenders: Boston’s Forward Financing has Now Provided $1B in SME Funding, as Capital On Tap Enters US Markets

Forward Financing, a Fintech firm that aims to offer “flexible” and revenue-based financing to SMBs, revealed recently that it has provided $1 billion in funding since its inception back in 2012. According to Forward Financing, the majority of this funding has been allocated towards  “underserved”… Read More

Small Business Owners Reveal how they’ve Leveraged Digital Payments and Funding Platforms to Maintain Operations during COVID

Payments platform Adyen (AMS:ADYEN) notes that the COVID-19 outbreak has accelerated consumers’ adoption of digital platforms and services. Technically “timid” grandparents have also become a lot more comfortable with video conferencing in a post COVID world, the Adyen team writes in a blog post. People… Read More

SNGLR, a Digital Advisory and Tech-focused VCs Specializing in Longevity and Smart Mobility, Launch Global Platform

SNGLR Holding AG has confirmed the official launch of its business operations and is now fully operational with its headquarters based in Zug, Switzerland. SNGLR Holding also maintains  business offices in Boston (USA), Berlin, (Germany), Rome (Italy), and Dubai (UAE). The SNGLR Holding team includes… Read More

Cambridge based Fintech Investor Vestigo Ventures has Reportedy Secured $83.5 Million in Capital for its Second Fund

Cambridge-headquartered Vestigo Ventures, which mainly invests in Fintech firms or other financial services businesses, has reportedly secured a total of $83.5 million (to date) for its second fund, according to a securities filing. Vestigo had been planning to acquire $100 million in capital for its… Read More

Crypto.com Collaborates With Boston Consulting Group to Release Decentralized Finance Report

Hong Kong-based cryptocurrency platform Crypto.com announced on Thursday it has teamed up with Boston Consulting Group (BCG) to release a new decentralized finance (DeFi) report. According to the duo, “The Sudden Rise of DeFi: Opportunities and Risks for Financial Services” explores the factors driving the… Read More

The Federal Reserve Bank of Boston Joins Forces With MIT For Digital Currency Research

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

Nasdaq listed First Foundation to Expand its Digital Bank by using Digital Onboarding’s Client Engagement and Communication Platform

First Foundation Inc. (NASDAQ: FFWM), a company that provides banking, real estate financing, wealth management and trust services, has announced that it’s expanding its digital bank. First Foundation confirmed that it will work with Digital Onboarding (the company) as its “go-to digital client engagement and… Read More

Brazil’s Largest Retailer Via Varejo Acquires Boston-based Fintech AirFox for Undisclosed Amount

Via Varejo, the largest retail company in Brazil, has confirmed that it will be acquiring AirFox, a US-based Fintech firm. The amount involved in the transaction has not been disclosed. AirFox will maintain its Boston head offices and will also operate as a Fintech “innovation… Read More

Boston-based Fintech Flywire to Lay Off 12% of Staff Due to Challenges Related to COVID-19

Boston-based Fintech firm Flywire recently confirmed that it will be downsizing its operations, due to the COVID-19 outbreak and resulting economic challenges. The payment processing firm reportedly laid off 12% of its workers (around 60 employees), according to estimates from industry participants. Flywire will also… Read More

Fidelity Digital Assets Expands Cryptocurrency Trading Platform Due to New Client Requests Following COVID-19 Outbreak

Fidelity Digital Assets, the cryptocurrency division of Fidelity, a multi-trillion dollar asset manager, is reportedly planning to expand its range of products and services. The firm’s decision to introduce new services has come at a time when it has been experiencing  a significant increase in… Read More

Report: Circle Internet Financial May Sell SeedInvest, its Crowdfunding Division

Circle Internet Financial is reportedly looking for a buyer for SeedInvest, its crowdfunding division, as the Boston-headquartered crypto firm aims to focus more on its stablecoin business, according to the Block. This is notably Circle’s latest downsizing move, which began in 2019 when the firm… Read More

Fidelity Digital Assets to Offer Custody Services for Bitcoin Held by UK’s Nickel Digital Asset Management

Fidelity Digital Assets, the crypto investment arm of Fidelity Investments, a Boston, Massachusetts-based multinational financial services corporation with over $2.4 trillion of assets under management, is planning to offer custody services for Bitcoin (BTC) held by UK-based cryptocurrency investment company Nickel Digital Asset Management. Established… Read More

Insurtech: Boston-based Corvus Insurance Secures $31 Million According to SEC Filing

Boston-headquartered Corvus Insurance, a company that offers artificial intelligence (AI)-enhanced cyber insurance policies for firms, has sold shares worth around $31 million in a $33 million investment round, a US Securities and Exchange (SEC) filing confirmed. Corvus Insurance, which is notably one of BostInno’s 50… Read More

The 2019 New England Venture Summit – Boston

The 14th annual conference will showcase more than 100 of the hottest early-stage and emerging-growth technology, clean-tech, life sciences/healthcare, medical devices, fintech, healthcare IT, and mobile innovators. If you are a startup seeking capital and/or partnerships, submit your plan for the opportunity to present at… Read More

Hopsters Brewery’s Wicked Awesome Wefunder Crowdfunding Update

Something’s brewing in Boston… Just two years ago Hopsters Brewery celebrated investors pouring in $2 million in its first Wefunder crowdfunding campaign. Just a few weeks ago Hopsters Brewery initiated its second Wefunder Reg CF round, this time seeking $1,070,000 to scale up in a new… Read More

Boston Fintech Week 2018

VOL•A•TIL•I•TY TO CHANGE RAPIDLY & SOMETIMES, UNPREDICTABLY Fasten Your Seat Belts Volatility is back and we don’t just mean in the markets. Join us for an exciting week diving deep and interacting with experts working in and building great tech for financial services. Over 2,000… Read More

Boston’s DCU FinTech Innovation Center Announces Summer 2018 Cohort

The DCU FinTech Innovation Center, a program focused exclusively on fostering pre-seed and seed-stage financial technology companies in New England, announced on Thursday the ten new start-up ventures in its Summer 2018 cohort. As previously reported, the Center is fully funded by Digital Federal Credit Union and… Read More

MassChallenge Debuts New Fintech Accelerator in Boston

MassChallenge, a global network of zero-equity startup accelerators, announced on Tuesday it will launch its newest vertical accelerator to support and grow startups in the fintech industry. According to MassChallenge, the MassChallenge Fintech, which will be headquartered in Boston, will match later-stage fintech startups with… Read More

EY Americas Tax Innovative Foundry Set to Host FinTech Pitch Day in Boston

On Wednesday, the EY Americas Tax Innovation Foundry announced plans to host a FinTech Pitch Day on June 28th at District Hall in Boston. EY reported it is inviting fintech startups from around the globe to pitch disruptive technology solutions. Twelve applicants will be selected to present to EY… Read More

Fintech Firm FinMason Names David Remstein As First President & COO

On Thursday, Boston-based fintech FinMason announced it has appointed David Remstein as its first president and COO. According to FinMason, Remstein will be responsible for driving planning and managing the growth of the company in terms of personnel, clients, products, and geographies. The new president/COO… Read More

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