Tagged: california

Fintech Venture Capital Firm Ribbit Capital Establishes $800M Fund

Ribbit Capital, a Palo Alto, California-headquartered venture capital firm, has reportedly secured around $800 million as part of its latest Fund. As noted in a regulatory form filed with the US Securities and Exchange Commission (SEC), there are a total of 247 investors that have… Read More

Digital Identity Solutions: Socure Acquires Berbix, Together Delivering Accurate ID Verification Services

Socure, the provider of digital identity verification solutions, has acquired Berbix, a San Francisco-based startup that developed a high-accuracy document verification solution with a patent-pending forensics engine “able to detect spoofed IDs – including AI-generated fakes – that are visually indistinguishable to the human eye.”… Read More

Robinhood Markets Signs Agreement to Acquire X1, a Provider of a No-Fee, Reward-Offering Credit Card

Robinhood Markets, Inc. (NASDAQ:HOOD) has entered into an agreement to acquire San Francisco-based X1 Inc., a platform that “offers a no-fee credit card with rewards on each purchase.” According to Robinhood, this marks “an important step in their journey towards broadening their product offerings and… Read More

Digital Insurtech NEXT Insurance, Gusto to Enhance Embedded Payroll Experience

NEXT Insurance, a digital insurtech transforming small business insurance, recently announced its expanded partnership with Gusto Embedded. The strengthened partnership “will exclusively offer NEXT’s pay-as-you-go workers’ compensation to the small business customers of Gusto Embedded partners through NEXT’s fully embedded insurance solution, NEXT Connect.” Users… Read More

San Francisco based Fintech Cardless Announces $75M Credit Facility from i80 Group

San Francisco-based financial technology firm, Cardless, Inc. announced a new debt deal with i80 Group, securing a three-year $75 million credit facility. The deal is a warehouse facility that will enable Cardless “to fund customer receivables, growth, and continue its work with large, globally recognized… Read More

Credit Union Core Processor Corelation Signs Mountain American Credit Union

Credit union core processor Corelation, Inc. recently announced that Mountain America Credit Union ($15.8 billion assets; 1.12 million members; Sandy, UT) has signed on to convert to the KeyStone core. Mountain America Credit Union is presently the 12th-largest credit union in the United States, serving… Read More

Fintech Brex CEO Is Reportedly Planning to Secure $1B+ to Provide Loans to Firms Affected by Silicon Valley Bank Demise

A Fintech firm’s Chief Executive Officer is reportedly attempting to secure over $1 billion in order to fund bridge loans for startups that have been affected by the spectacular collapse of Silicon Valley Bank (SVB). Fintech Unicorn Brex CEO Henrique Dubugras recently revealed that he’s… Read More

Biometric Identity, Payments Platform Wink Expands Seed Round With Additional $3M in Funding

Wink, a Texas and California based, biometric identity and payments platform, is pleased to announce that it has received an additional $3M million of seed investment. This seed equity round “follows the $2.85 million previously raised in a pre-seed round in 2021-22.” The additional financing… Read More

Marqeta Announces Web Push Provisioning Product, Expanding Payment Card Tokenization Capabilities

Marqeta (NASDAQ: MQ), the global modern card issuing platform, announced its new web push provisioning product. With web push provisioning, Marqeta customers can “reduce friction at the point-of-sale and enable their users to pay directly from their mobile wallets without requiring them to download a… Read More

BIGG Digital Assets Subsidiary Netcoins Launches in the US

BIGG Digital Assets Inc. (CSE: BIGG), owner of Netcoins, the online cryptocurrency brokerage that makes it easy for North Americans to buy, sell, and understand cryptocurrency, and Blockchain Intelligence Group, a developer of blockchain technology search, risk-scoring and data analytics solutions, is pleased to report… Read More

Fortis Acquires Payment Logistics, Expanding Its Embedded Payments Solutions

Fortis, which claims to be the leader in embedded payments for software providers, announced the company is “expanding its suite of technology solutions by acquiring Payment Logistics, a payment technology company based in La Jolla, California.” Payment Logistics “not only brings dozens of embedded payments… Read More

Plug and Play to Launch Crypto, Digital Assets Innovation Platform

Global innovation platform, Plug and Play, together with founding partners Visa, AllianceBlock, The INX Digital Company, IGT, and Franklin Templeton, has announced “the launch of their new Crypto and Digital Assets program in Silicon Valley.” The program aims “to connect international startups with the founding… Read More

Card Issuer Apto Payments Adds Patriot Bank as Bank Partner

Card issuer and service provider Apto Payments announced the addition of Patriot National Bancorp, Inc., a Connecticut corporation “as a new bank partner to help customers bring card products to market with ease and confidence.” Patriot is a bank that is “committed to supporting purpose-driven,… Read More

Cardless, Simon Introduce Retail Credit Card on American Express Network

San Francisco-based financial technology firm, Cardless, Inc., and Simon, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment, and mixed-use destinations in the United States, have “agreed to launch the Simon® American Express® Credit Card from Cardless.” Once launched, Cardmembers… Read More

California Crypto Legislation Vetoed by Governor Newsom

California state legislation focusing on cryptocurrency has been vetoed by Governor Gavin Newsom. The bill,  A.B. 2269, had passed the California Assembly and was presented to the Governor on September 12, 2022. The legislation was vetoed this past Friday (September 23, 2022). The Governor published… Read More

Jumio, Provider of AI enhanced Identity Orchestration, AML Solutions, Attains SOC2 Type 2 Certification

Jumio, the provider of orchestrated end-to-end identity proofing, eKYC and AML solutions, announced that it has successfully “achieved SOC2 Type 2 certification for its Jumio KYX platform, with zero exceptions listed in the examination conducted by Moss Adams.” SOC2 is “an American Institute of CPAs… Read More

Blockchain Association Criticizes California Legislation Addressing Crypto: “Shortsighted”

The Blockchain Association posted a series of tweets last week critizing pending legislation they believe will undermine the digital asset ecosystem in California. The Association claims that State Assembly Bill A.B. 2269 is “shortsighted” creating “unhelpful restrictions that would impede crypto innovators’ ability to operate.”… Read More

Flexible Benefits Management Platform Caju Benefícios Secures $25M

Caju Benefícios, a flexible benefits management platform, announced it has secured a $25 million Series B round led by K1 Investment Management, a Los Angeles-headquartered investment company focused on “high-growth” B2B software businesses. With the capital injection, the firm intends to enhance the efficiency of… Read More

Ripple Labs Inc Is Reportedly Looking into Acquiring Assets of Bankrupt Crypto Lender Celsius

San Francisco’s blockchain payments Fintech Ripple Labs Inc, which is currently involved in an extensive legal battle with the US Securities and Exchange Commission (SEC), is reportedly interested in acquiring the assets of bankrupt cryptocurrency lending platform Celsius Network. This, according to statements shared by… Read More

InvestCloud Assists Rabobank with Providing Financial Planning Services

InvestCloud, which claims to be the international leader in digital transformation for the financial industry, recently announced that it is supporting Rabobank, one of the Netherlands’ largest banks, in order “to provide digital financial planning for all its customers, from private banking to retail clients.”… Read More

Send this to a friend