Tagged: financial services

July 30, 2023 @ 11:40 am By Omar Faridi  |  

The British Business Bank has published a list of 67 additional companies in which the Future Fund holds an equity interest, “taking total equity holdings to 591 as at 30 June 2023.” The rate of conversions in Q1 2023/4 increased “compared to the previous quarter,… Read More

July 30, 2023 @ 11:36 am By Omar Faridi  |  

Poshmark claims it is a “leading” social marketplace for new and secondhand style for women, men, kids, pets, home, and more. Poshmark says that it “prioritizes a best-in-class buying experience that is smooth and stress-free for their customers, making Affirm’s Adaptive Checkout — which delivers… Read More

July 30, 2023 @ 5:57 am By Omar Faridi  |  

Maybank offers a welcome to Tesla (NASDAQ:TSLA) after their recent announcement to enter the electric vehicle (EV) auto market for their Model Y in Malaysia. This also signifies the Group’s involvement “as the key EV financing partner for Tesla in the country aligned to its… Read More

July 29, 2023 @ 11:47 am By Omar Faridi  |  

Cross River Bank, a New Jersey State chartered FDIC-insured bank known for its diversified commercial real estate (CRE) lending program and deep market experience, announced the closing of the second quarter, “totaling over $66 million in loans year-to-date.” Additionally, the team reports that it “saw… Read More

July 29, 2023 @ 10:15 am By Omar Faridi  |  

Vestwell, the savings platform for small businesses and individuals, announced it has entered into an agreement to acquire Gradifi Solutions, a student loan benefits provider. The acquisition adds several new products “to the Vestwell platform, including programs to help employees manage and pay down student… Read More

July 29, 2023 @ 10:11 am By Omar Faridi  |  

The Board of Monument Bank is pleased to confirm that regulatory approval has been confirmed for the appointment of Fiona Pollard as the successor to Niall Booker as Chair of Monument Bank. Monument Bank Limited is authorised by the Prudential Regulation Authority (PRA) and regulated by… Read More

July 29, 2023 @ 10:07 am By Omar Faridi  |  

As a follow-up to the recent webinar Envestnet hosted with open banking experts around the world, we caught up with Lisa Novier, Head of Governance, Risk & Compliance at Envestnet Data and Analytics. Envestnet claims it has been at the forefront of open banking adoption… Read More

July 28, 2023 @ 7:26 pm By Omar Faridi  |  

Jeeves, a financial operating system built for global companies, backed by investors including Andreessen Horowitz (a16z), CRV, and Tencent, has expanded its product offering to include prepaid cards and cross-border payments. Jeeves launched publicly 22 months ago “with corporate credit cards as its initial product… Read More

July 28, 2023 @ 1:54 pm By Omar Faridi  |  

Trintech, a global provider of cloud-based financial close solutions for the Office of the CFO, today announced its acquisition of Frontier Reconciliation and Accurate Reconciliation from Fiserv (NYSE: FI), a global provider of fintech and payments solutions. Serving customers across multiple verticals including financial services,… Read More

July 28, 2023 @ 10:27 am By Omar Faridi  |  

Croissant, a Fintech platform with a mission to empower intentional commerce, launched today with $24 million in seed funding from a suite of top investors, including Portage and KKR co-founders George Roberts and Henry Kravis. Initial funding was used “to accelerate Croissant’s MVP launch via… Read More

July 27, 2023 @ 8:26 pm By Omar Faridi  |  

Inside Addepar, a recap of key Addepar platform updates, research insights and client, partner and company developments, has shared that in July 2023, the firm introduced new product enhancements, which include “scheduling for daily reports and customizable charts in Navigator.” The Addepar Research team published… Read More

July 27, 2023 @ 2:29 pm By Omar Faridi  |  

Moves, the banking app built exclusively for gig workers, today announced a partnership with Astra, the all-in-one platform for faster payments, to offer members real-time transfers using Visa Direct, Visa’s real-time push-to-card payments platform. As the U.S. gig economy continues to grow, there is “a… Read More

July 27, 2023 @ 8:09 am By Omar Faridi  |  

Global financial platform Airwallex has delivered “a 115 percent increase in revenue across Australia and New Zealand YoY.” The progress comes as Airwallex “delivers global revenue growth of 120 percent YoY and global transaction volume growth of 77 percent YoY.” The revenue and transaction volume… Read More

July 26, 2023 @ 8:43 pm By Omar Faridi  |  

  Travis Everett, Chief Operating Officer (COO) of National Merchants Association (NMA), has shared key insights with Crowdfund Insider on FedNow, the new instant payments and transfer service offered by the US Federal Reserve. The new service became operational this past week, with 35 financial… Read More

July 26, 2023 @ 3:34 pm By Omar Faridi  |  

Rainbow Energy says they have some updates for their business customers. They are now working with Funding Circle (LSE: FCH), which claims to be the leading platform for small business loans, as a trusted partner in order “to help small businesses get the infrastructure in… Read More

July 26, 2023 @ 3:32 pm By Omar Faridi  |  

Currencycloud, which claims to be the expert team simplifying business in a multi-currency world, has partnered with Malaysia-based GAT Investment Bank in order to launch GAT Money, an app offering an alternative solution to new clients who “need a global banking solution which offers access… Read More

July 26, 2023 @ 1:17 pm By Omar Faridi  |  

Fintech unicorn Tipalti recently announced an additional $150M in growth financing, bringing the company’s total equity and debt raise to more than $700M. Led by JP Morgan Chase Bank and Hercules Capital, this incremental growth financing will enable Tipalti to further invest in product innovation… Read More

July 26, 2023 @ 7:52 am By Omar Faridi  |  

Revolut, the global financial super-app with more than 30 million customers globally, consistent with its ongoing mission to give customers more control over their finances and connect people seamlessly across the world, announces it is “offering accounts to non-US citizens in the US, who do… Read More

July 26, 2023 @ 7:43 am By Omar Faridi  |  

Digital bank N26 announced the appointment of Carina Kozole as Chief Risk Officer and Managing Director of N26 AG. She will begin in her new role later this year, and will “assume responsibility for risk management at the digital bank.” Carina reportedly brings “with her… Read More

July 26, 2023 @ 6:46 am By Omar Faridi  |  

For the first time, DriveWealth says it is expanding the range of tradeable asset classes on its platform: their partners can now “build options trading experiences all within their investing APIs.” Equity options have “grown in popularity with retail investors over the past decade, largely… Read More