Tagged: financial

Square Introduces Debit Card for Businesses

Payment process platform Square announced on Thursday the launch of its new debit cards for businesses. Square reported that the Square Card is a free business debit card designed to help business owners more effectively manage cash flow by providing immediate access to their balance, which is… Read More

Mastercard Drops Name to Evolve Brand Mark

Mastercard announced on Monday it is dropping its name from its iconic brand mark in select contexts. The financial giant reported that the interlocking red and yellow circles, which is referred to as the Mastercard Symbol, will now stand on its own across cards using the… Read More

Fiserv Completes Acquisition of Elan Financial Services’ Third Party Debit Processing Solutions

Fiserv, Inc. (NASDAQ: FISV), a global provider of financial services technology solutions, announced on Wednesday it has completed its acquisition of the debit card processing, ATM Managed Services and MoneyPass surcharge-free network of Elan Financial Services, a unit of U.S. Bancorp (NYSE: USB). The acquisition, which was announced… Read More

Update: goHenry’s Latest Crowdcube Round Set to Close With Nearly £6 Million in Funding

With its latest equity crowdfunding campaign on Crowdcube set to close later this evening, UK-based digital banking solution goHenry will complete the funding round with nearly 6 million from more than 3300 investors. goHenry’s financial services, which is a debit card and app, is geared for the digital… Read More

Update: goHenry’s Latest Funding Round Surpasses £5.7 Million During the Final Days on Crowdcube

UK-based digital banking solution goHenry is set to close its latest equity crowdfunding campaign on Crowdcube with more than £5.7 million from over 3,000 investors. The latest funding round made its debut on the funding platform at the beginning of September and quickly secured its initial £2 million funding target…. Read More

Update: GoHenry Surpasses £5 Million Just Days After Latest Equity Crowdfunding Campaign Goes Public on Crowdcube

Just days after publically launching its latest equity crowdfunding campaign on Crowdcube, digital banking solution goHenry has successfully secured more than £5 million from over 2100 investors. The funding round made its debut last month and quickly raised its initial £2 million before making its public launch. As previously… Read More

Digital Asset Prime Dealer Lumina Announces Launch of Services & $4 Million Seed Funding Round

Lumina, a digital assets prime dealer and financial platform, announced on Wednesday the launch of its service following the company securing $4 million in seed funding. Lumina reported that its mission is to help family offices and hedge funds around the world gain exposure to… Read More

Russia’s Sberbank Now Offering Loans Without Proof of Income Through New Pilot Project

Russian bank Sberbank announced last week the launch of its new pilot project that will allow loans to be issued without proof of income. The bank reported that up to RUB 300,000 will be given per loan. Speaking about the project, Sergey Shirokov, Managing Director… Read More

goHenry Returns to Crowdcube & Quickly Secures £4.5 Million in Funding

Digital banking solution goHenry has not only successfully secured its initial £2 million funding target through its latest equity crowdfunding campaign on Crowdcube and is now nearing £4.6 million. The initiative has attracted nearly 1500 investors. As previously reported, goHenry was created by a group of parents that wished to help the… Read More

Personal Financial Platform Even Secures $40 Million Through Latest Investment Round

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Even, a U.S.-based personal finance platform, announced this week it secured $40 million through its latest round of funding, which was led by  Keith Rabois of Khosla Ventures, with participation from Valar Ventures, Allen & Company, Harrison Metal, Ron Conway, Silicon Valley Bank, and BCVP…. Read More

Betterment Announces the Launch of Flexible Portfolios

Betterment, the largest independent online financial advisor, announced earlier this week the launch of a new custom portfolio strategy, Flexible Portfolios. According to Betterment, retail investors now have the ability to control asset class weights within the Betterment portfolio, enabling them to decide how money… Read More

Magilla Loans Platform Milestone: Surpasses $4.5 Billion in Loan Origination

Magilla Loans, a search engine for loans that connects borrowers to banks without requesting personal information, announced on Tuesday it has surpassed $4.5 billion in aggregated loans from top banks across the U.S. Founded in 2015, Magilla Loans claims it is a “first-of-its-kind” loan matching… Read More

TD Bank’s 2017 Treasury Management Survey Reveals: Finance Professionals Preparing For Technological Innovation & Disruption

On Monday, TD Bank released its 2017 Treasury Management Survey, which revealed that technological innovation and disruption is set to greatly influence the investment priorities and business plans of financial executives. The report noted that for 2018 and beyond, financial professionals cite process automatic at… Read More

Australian Fintech & Challenger Bank Tyro to Launch New Financial Solutions for SME

Australian fintech and challenger bank Tyro is set to launch a new set of financial solutions for small to medium enterprises (SMEs). Founded in 2001, Tyro describes itself as Australia’s largest independent EFTPOS provider, focusing on smaller to medium enterprises. The company states it is now has a… Read More

Users of Acorns May Now Use PayPal For Investment Accounts

On Monday, PayPal announced users may now use its payment processing to fund an investment account with Acorns. According to the company, over 2.3 million people around the U.S. are investing through Acorns to help save for long and short-term expenses. PayPal revealed that once they link… Read More

Overfunding: Stock Trading App BUX Quickly Surpasses €1 Million Through Seedrs Funding Round

Netherlands-based stock trading app BUX has successfully secured its initial €1 million funding target through equity crowdfunding platform Seedrs. The initiative was launched earlier this week and has attracted more than 1,700 new investors. Founded in 2014, BUX describes itself as a tech company that is seeking… Read More

Personal Finance App Clarity Money Launches on Android & Web

Clarity Money, the personal finance app that acts as the “Champion of Your Money,” announced on Tuesday the launch of its app on the web and Android devices. This news comes less than two months after Clarity Money confirmed it reached 500,000 users through its iOS app…. Read More

Reserve Bank of India Set to Classify Peer-to-Peer Lending Platforms As Non-Banking Financial Institutions

Reserve Bank of India recently announced it will be classifying peer-to-peer lending platforms as non-banking financial institutions. According to Economic Times, Sudarshan Sen, executive director of RBI, announced that the regulator is currently waiting for the gazette notifications from the central government for the final… Read More

Germany Financial Organizer Zuper Launches Seedrs Campaign & Quickly Secures €250,000

Zuper, a data-driven financial organizer that helps people control their money and improve their financial health, has launched an equity crowdfunding campaign on Seedrs, seeking to raise €500,000. Founded in 2016, the company stated it is creating a new kind of personal finance management platform… Read More

JPMorgan Chase Teams Up With CFSI to Launch Virtual Fintech Lab to Help Startups Improve Overlooked Populations’ Financial Health

On Wednesday, the Center for Financial Services Innovation (CFSI) announced it has partnered with JPMorgan Chase to launch a virtual fintech lab, the Financial Solutions Lab (FinLab), as a way to help the financial health of overlooked populations, which includes low-income women, aging and disabled populations. This… Read More

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