Tagged: fintech

February 2, 2021 @ 1:40 pm By Samantha Hurst  |  

Routefusion, a U.S.-based fintech focused on providing the easiest and fastest way for tech companies to embed cross-border payments in their applications, announced on Tuesday it raised $3.6 million through its seed investment round, which was led by Silverton Partners with participation from Initialized Capital, NextWorld Capital and William… Read More

February 2, 2021 @ 11:46 am By Samantha Hurst  |  

  BBVA announced on Tuesday it plans to invest as much as $150 million in new capital to support Propel Venture Partners (PVP), bringing its total commitment to over $400 million, including its previous investment in 2016. BBVA reported that this announcement builds on the… Read More

February 2, 2021 @ 10:01 am By Samantha Hurst  |  

    Visa Inc. (NYSE: V) announced on Tuesday the launch of VisaNet +AI. According to Visa, VisaNet +AI is described as a suite of AI-powered services that address long-standing challenges and pain points for banks, merchants and consumers, which includes delays and confusion with… Read More

January 31, 2021 @ 9:29 pm By Samantha Hurst  |  

  TD Bank recently announced it has combined its previous commercial and corporate with speciality banking teams to create a new commercial bank. According to TD Bank, the commercial banking will drive growth as well as deliver a “better” client and colleague experiment and create… Read More

January 31, 2021 @ 9:21 pm By Samantha Hurst  |  

    Israel-based venture capital investment firm FinTLV recently announced it has closed its second $120 million global insurtech-fintech fund. According to FinTLV, the fund will focus primarily on global growth-stage insurtech and fintech companies “The Fund has recently made several substantial investments in leading… Read More

January 29, 2021 @ 11:25 am By Samantha Hurst  |  

  Barclays announced on Thursday the New York Class of 2021 for the Barclays Accelerator, powered by Techstars. According to Barclays, the 13-week program is designed to fast-track the next generation of fintechs. “Participating companies will collaborate with a team of Barclays executives, the Techstars… Read More

January 28, 2021 @ 3:57 pm By Samantha Hurst  |  

    Digital-only bank platform N26 announced on Wednesday it now has seven million customers across 25 markets. This news comes just days after N26 celebrated its sixth birthday. As previously reported, N26 claims it is building the first mobile bank that the world loves to use…. Read More

January 28, 2021 @ 9:44 am By Samantha Hurst  |  

  PNC Bank announced on Wednesday it has reached a definitive agreement to acquire payment gateway provider Tempus Technologies. According to PNC, the acquisition will expand the banking group’s Treasury Management’s payments platform, which enables corporate clients to manage payable and receivables through a single… Read More

January 28, 2021 @ 9:25 am By Samantha Hurst  |  

  Nubank, a Brazil-based fintech startup, announced on Thursday it raised $400 million through its Series G funding round, which attracted new investors, including GIC, Whale Rock and Invesco, along with former investors such as Sequoia, Tencent, Dragoneer, and Ribbit.  As previously reported, Nubank was founded… Read More

January 28, 2021 @ 7:53 am By Samantha Hurst  |  

  U.S.-based fintech Broadridge Financial Solutions announced on Thursday the launch of its new Environmental, Social and Governance (ESG) advisory services. According to Broadridge, the service will help corporate issuers and asset managers improve sustainability strategies while effectively positioning their ESG programs with stakeholders. Broadridge… Read More

January 27, 2021 @ 4:30 pm By Samantha Hurst  |  

Ibanera, a global fintech, announced on Tuesday it has joined forces with digital asset platform Fireblocks to enhance its crypto service offering.  Ibanera reported that its platform provides account issuance, cross-border transfers, and currency exchange services to both corporate and retail customers. Through the collaboration, Ibanera… Read More

January 27, 2021 @ 2:47 pm By Samantha Hurst  |  

U.S. fintech Galileo announced on  Wednesday it has appointed Archana (Archie) Puri as its new Chief Product Officer. According to Galileo, Puri has more than 20 years of experience in technology products with a “strong domain” context in payments.  Prior to joining Galileo, Puri spent… Read More

January 27, 2021 @ 2:15 pm By Samantha Hurst  |  

tZERO, a blockchain-focused subsidiary of Overstock.com (NASDAQ:OSTK), announced on Wednesday it has formed a partnership with Prime Trust, a blockchain-driven trust company. According to tZERO, the new collaboration supports the custody of digital assets, including securities and cryptocurrencies, by users directly with Prime Trust. It… Read More

January 27, 2021 @ 11:49 am By Samantha Hurst  |  

RateGenius, a U.S.-based fintech company with a proprietary consumer-lending platform, announced on Tuesday its annual study revealed the current state of the auto refinance market for 2021, finding that savings are at a historical high and interest rates are the lowest they’ve been in years,… Read More

January 27, 2021 @ 7:49 am By Samantha Hurst  |  

    Canadian marketplace lending platform LendingArch announced on Wednesday it has further expanded into the U.S. by expanding its Consumer Debt Division Nationwide throughout all 50 states. According to LendingArch, the LendingArch Consumer Debt Division is focused on helping Americans lower or eliminate their… Read More

January 26, 2021 @ 3:57 pm By Samantha Hurst  |  

Albert, a U.S.-based fintech, announced on Tuesday it raised $100 million through its Series C funding round, which was led by General Atlantic with participation from  CapitalG, Alphabet’s independent growth fund, Portag3, and QED. The investment round brings Albert’s total funding to $173 million. Launched… Read More

January 26, 2021 @ 1:53 pm By Samantha Hurst  |  

Empaxis Data Management, a cloud-based fintech and middl-and back-office services provider for investment management firms, announced on Tuesday it has opened  new office in Kolkata, India.  Founded in 2004, Empaxis provides outsourcing, automation tools, and cloud-based fintech to investment firms worldwide. The company’s clients include… Read More

January 26, 2021 @ 11:37 am By Samantha Hurst  |  

  FinTech Scotland and FinTech Wales announced on Tuesday have released a report proposing increased Research and Innovation (R&I) to drive acceleration in fintech development across the UK, nationally and regionally to support growth and new jobs. The report, entitled “Research and Innovation for UK FinTech” jointly authored… Read More

January 26, 2021 @ 11:10 am By Samantha Hurst  |  

  Taiwan’s Financial Supervisory Commission (FSC) recently announced it has granted a banking license to Rakuten International Commercial. The FSC reported that Rakuten International Commercial Bank (RICB) is the first internet-only bank to obtain a banking license in Taiwan. The FSC further revealed that RICB… Read More

January 26, 2021 @ 9:54 am By Samantha Hurst  |  

  FinVolution Group, a China-based fintech that connects underserved individual borrowers with financial institutions, announced on Tuesday its subsidiary has received the Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS) to conduct regulated activities in dealing in capital markets products in Singapore. Finvolution reported… Read More