Tagged: fintech

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

January 13, 2021 @ 10:03 am By Samantha Hurst  |  

  U.S.-based money experience company MX announced on Wednesday it has raised $300 million in a Series C funding round led by a $150 million investment from TPG Growth with additional participation from new and existing investors including CapitalG, Geodesic Capital, Greycroft, Cota Capital, Canapi Ventures, Digital Garage, Point72… Read More

January 13, 2021 @ 8:16 am By Samantha Hurst  |  

  B2B fintech-as-a-service provider Rapyd announced on Wednesday it secured $300 million through its Series D financing round, which was led by Coatue with participation from Spark Capital, Avid Ventures, FJ Labs, Latitude, General Catalyst, Oak FT, Tiger Global, Target Global, Durable Capital, Tal Capital,… Read More

January 12, 2021 @ 4:52 pm By Samantha Hurst  |  

Relay Payments, a U.S.-based fintech, announced on Tuesday it raised $43 million in funding over the past six months as it continues to “transform” payment processing within the supply chain industry.  Relay Payments describes itself as an end-to-end payment solution that takes the frustration out… Read More

January 12, 2021 @ 9:30 am By Samantha Hurst  |  

Artis Technologies, a U.S.-based fintech that provides lending solutions for businesses, announced on Tuesday it has entered into a new bank funding partnership with Drummond Community Bank for its Artis Credit platform. According to Artis, the funding will fulfill consumer loans originating through the company’s… Read More

January 12, 2021 @ 9:18 am By Samantha Hurst  |  

  Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, announced on Monday it secured $95 million as part of its Series C investment round. According to Curve, the round was led by IDC Ventures, Fuel… Read More

January 11, 2021 @ 8:51 am By Samantha Hurst  |  

  Following the tragic event at the Capitol Building last Wednesday, U.S.-based fintech Stripe has reportedly stopped processing payments for President Donald Trump’s campaign website. According to WSJ, a source close to the situation stated that Stripe is cutting off the campaign account for violating… Read More

January 7, 2021 @ 3:24 pm By Samantha Hurst  |  

PAYMNT Financial, a U.S.-based blockchain fintech startup, announced on Thursday it has acquisition LettucePay, which is a payment technology firm that specializes in cryptocurrency payments. PAYMNT reported that the acquisition makes it possible for its platform to integrate cryptocurrencies as a form of payment at… Read More

January 5, 2021 @ 10:23 am By Samantha Hurst  |  

  Neat, a digital bank group based in Hong Kong, announced on Tuesday it has become a member of Visa and rolled out its new Neat Visa card. This announcement comes less than six months after Neat secured an additional $4 million extension of its… Read More

January 4, 2021 @ 11:21 am By Samantha Hurst  |  

  AvidXchange, a U.S. fintech that provides accounts payable and automated payment solutions to midsize businesses, announced on Monday it has acquired Core Associates, the makers of TimberScan and complementary AP solutions. AvidXchange claims that through the acquisition, it is now one of the foremost… Read More