Tagged: fintech

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

January 25, 2021 @ 9:33 am By Samantha Hurst  |  

MotoRefi, an auto refinancing startup on a mission to help consumers save on their car loans, recently announced it secured $10 million through its Series A-1 funding round, which was led by Moderne Ventures. According to MotoRefi, the Series A-1 round follows its Series A round,… Read More

January 22, 2021 @ 11:11 am By Samantha Hurst  |  

Citi announced on Thursday it has launched a new suite of intelligent execution algorithms for global listed derivatives. These algorithms have been specifically engineered for the futures markets and are available across all major exchanges in the North America, Europe, and Asia Pacific regions. According… Read More

January 21, 2021 @ 8:16 am By Samantha Hurst  |  

  Temenos (SIX: TEMN), a banking software company, announced on Thursday it has hit a new milestone by supporting a total of  60 challenger bank clients. Temenos reported that digital banks, such as Alba, Alpian, Banco del Sol, Flowe, FlowBank, Lunar, Next Commercial Bank, Pepper, Varo Bank, and WeLab Bank, have selected the company’s… Read More

January 20, 2021 @ 11:00 am By Samantha Hurst  |  

  Brigit, a U.S.-based financial health mobile app, announced on Wednesday it not only has helped its members save more than $250 million since its platform’s launch, but it also raised $35 million through its Series A funding round, which was led by Lightspeed Venture Partners,… Read More

January 19, 2021 @ 12:28 pm By Samantha Hurst  |  

UK-based challenger bank Tide reportedly announced on Monday it is planning to expand its services to India.  According to Business Standard, Tide is planning a test launch in India during the first quarter of 2021. The company will later be doing a wider rollout later… Read More

January 19, 2021 @ 12:08 pm By Samantha Hurst  |  

  Volopay, a Singapore-based fintech startup, announced on Tuesday it secured $2.1 million through its Seed funding round, which was led by Tinder Founder, Justin Mateen, with participation from Soma Capital, CP Ventures, Y Combinator, VentureSouq, and Razorpay Founders. Founded in 2019, Volopay describes itself… Read More

January 15, 2021 @ 10:56 am By Samantha Hurst  |  

Drip Capital, a global fintech, announced on Friday it has financed more than US$1 billion of cross-border trade through its online platform.  Founded in 2015, Drip Capital is on a mission to solve the “work capital problem” for SME exporter using technology. “Trade finance is… Read More

January 14, 2021 @ 10:22 pm By Samantha Hurst  |  

  Canadian fintech Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) announced on Thursday ended 2020 with more than 1.1 million members, placing it among the largest fintech companies in Canada by total members. Founded in 2003, Mogo describes itself as a digital challenger to the banks in Canada,… Read More

January 14, 2021 @ 4:10 pm By Samantha Hurst  |  

  Toronto-Dominion Bank (TD Bank) announced on Thursday it has signed a definitive agreement to acquire Wells Fargo’s Canadian Direct Equipment Finance business. TD reported that the acquisition of Wells Fargo’s Canadian Direct Equipment Finance business is expected to add scale and capabilities to its… Read More

January 14, 2021 @ 9:33 am By Samantha Hurst  |  

U.S.-based fintech Vesica announced earlier this week it raised $2.1 million through its seed funding round, which included investments from Mercury Digital Assets and Miami International Holdings. Vesica shared its flagship product, SHIFT, empowers traders with a “front page view” of financial markets by providing… Read More

January 13, 2021 @ 11:06 am By Samantha Hurst  |  

  Walgreens announced on Wednesday it is expanding its financial services offering in partnership with Synchrony (NYSE: SYF) and Mastercard (NYSE: MA), as part of its ongoing commitment to offer differentiated healthcare services and benefits to customers. The retailer reported that in the coming months,… Read More