A co-author of the Consumer Financial Protection Act of 2010 believes California’s new earned-wage access (EWA) rule is a positive step that other states can look to when building their own rules. Tom Scanlon is now the general counsel and chief compliance officer at Rain,… Read More
Finfare Inc., a Fintech focused on expense management, is marking its three-years of business operations with a brand refresh and several industry updates/milestones. According to the update shared with CI, the brand revamp reflects the company’s evolution and its commitment to its mission to transform… Read More
Lendistry, a minority-led fintech and Community Development Financial Institution (CDFI), announced today it has received a $5 million investment from City National Bank. The capital injection aims to expand the provision of individual loans under $100,000 to support the rapidly growing small business sector in… Read More
Pacaso, the real estate marketplace for co-owned luxury vacation homes, marks a significant milestone with the passage of a new ordinance by the Palm Springs City Council. This is the first city in California to “affirmatively recognize and regulate co-owned homes, ensuring they are thoughtfully… Read More
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
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, 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
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 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, 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
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
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 (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 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, 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
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 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
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 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, 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
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