Tagged: immigrants

Welcome Tech Secures $30M in New Funding, Expands Board of Directors, Exec Team

Money in Wallet 100

Welcome Tech, a digital platform offering immigrant families with the tools and services required to thrive in the US, recently  announced $30 million in new capital, “following an oversubscribed $35 million Series B in April 2021.” This capital was raised “exclusively” from existing institutional investors… Read More

Stilt Secures $114M, Introduces Onbo, a B2B Credit Infrastructure Solution

Angry Alexander Hamilton 10 Dollars

Stilt, the provider of financial services for immigrants, announced that it has secured $14 million via a Series A round that was led by Link Ventures, along with contributions from Petrushka Investments, Hillsven Capital, Gokul Rajaram, Claire Hughes Johnson (COO, Stripe), Ott Kaukver (CTO, Checkout.com),… Read More

Welcome Tech Adds Industry Veteran to Bolster Immigrant-Focused Financial Services

Digital Dollar USD Washington

Welcome Tech, a digital platform serving immigrant families in the U.S., today announced the addition of Daniel Ayala as executive vice president, managing director of Financial Services. His hire comes as the digital bank mobile app PODERcard surpassed 500,000 downloads this year. Welcome Tech has… Read More

New Immigrants Arriving in the US Don’t have Established Credit Histories, Preventing them from Accessing Many Financial Services, Fintech Execs Explain

US Airport Chicago Travel Departure Arrival

Immigrants who might not have an established credit history may be able to take advantage of advancements in Fintech that provide tools to help these people become homeowners and gain employment as well, according to industry professionals. As first report by CQ Roll Call, new… Read More

U.S. Money Transfer Service Remitly Launches New Mobile Banking Service Designed For Immigrant Communities

Mobile Phone robin worrall unsplash

Remitly, a U.S.-based online money transfer service, announced on Monday it has launched a new mobile banking service called Passbook by Remitly specifically for the immigrant community. According to Remitly, the service offers an app-based account that charges no monthly fees, ATM fees, overdraft charges or… Read More

Nova Credit Expands into Latin America: Solving Credit Access for Immigrants, One Country at a Time

Cynthia McMurry Nova Credit

Nova Credit, started as a Stanford graduate research project in 2015, has quickly gained ground as a cross-border credit reporting agency aiming to solve the problem of credit access for immigrants and underbanked.  The platform will begin serving immigrants from South America through partnering with the Brazilian credit bureau… Read More

Nova Credit Teams Up with TransUnion to Serve Canada’s Creditworthy Newcomers: Applies Foreign Credit Score to New Home

Misha Esipov

Nova Credit, based in San Francisco and backed by Index Ventures, First Round Capital, NYCA and Core Innovation Capital, has partnered with Transunion to serve creditworthy newcomers to Canada who may otherwise miss out on credit opportunities due to a lack of Canadian credit history…. Read More

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