Tagged: new york

New York based Blockchain Firm ConsenSys Acquires $200M to Expand Products like MetaMask, Infura

Blockchain-based solutions provider ConsenSys announced earlier this week that it had finalized a $200 million round, bringing its valuation to around $3.2 billion. New investors Marshall Wace, Third Point, ParaFi Capital, and Think Investments took part in ConsenSys‘ latest investments round. New partners that contributed… Read More

VAST Data, the Storage Software Firm, Announces that Jump Trading Group Chose its Products for its Cloud Infrastructure

VAST Data, the storage software firm focused on breaking “decades-old” tradeoffs, has announced that the Jump Trading Group chose VAST’s performant, low-latency Universal Storage as the foundation to its high-performance computing (HPC) Cloud infrastructure. As an international research-based trading company, the team at Jump includes… Read More

Fintech Open-Source Foundation (FINOS) Announces New Members Including BMO Financial Group

FINOS, the Fintech Open Source Foundation, has announced at its Open Source Strategy Forum in New York, six new corporate members, “bringing its membership to 55 members.” As mentioned in the announcement, BMO Financial Group (BMO) joins as a Platinum member, with Kim Prado, CIO,… Read More

Crypto Native Market Surveillance Provider, Solidus Labs, Secures $15M via Round Led by Liberty City Ventures

Crypto-native risk monitoring and market surveillance provider, Solidus Labs, has announced that it closed a $15 million round, which came just six months after completing a $20 million A-round in May 2021. Liberty City Ventures is leading the investment round, which also includes contributions from… Read More

New York Attorney General Tells Two Unregistered Crypto Lenders to Stop Lending, Investigates Three Other Crypto Platforms

The New York Attorney General has ramped up its regulation of crypto firms operating in the state by demanding two “unregistered crypto lending platforms” to halt operations while revealing the AG has initiated investigations regarding three more crypto service providers. The move aligns with the… Read More

Payments Fintech Checkout.com Continues its Executive Expansion Drive with New CMO and Chief HR Officer

International payments provider Checkout.com reveals that it has appointed Leela Srinivasan as its Chief Marketing Officer and Kerry Van Voris as its Chief Human Resources Officer, both “formative executive appointments on the company’s exponential growth journey.” The announcement from Checkout.com also noted that the news… Read More

Y Combinator backed Indian Fintech Karbon Secures $12M in Pre-Series A from Unicorn Ramp, Rainfall Ventures, Roka Works

Karbon Card, a Fintech firm providing corporate cards, has secured $12 million (appr. INR 88.8 crore) in a Pre-Series A funding round from US-based Fintech Unicorn Ramp, Rainfall Ventures, Roka Works, Y Combinator, and other international investors. Ramp is a New York-headquartered spend/budget management app… Read More

Centennial Bank Selects FINBOA for Reg E Dispute Tracking and to Increase Efficiency via Automation

Centennial Bank (NASDAQ: HOMB) has teamed up with FINBOA, an innovator in digital automation and regulatory compliance for financial institutions, in order to boost efficiency and cut down bank losses, while also enhancing client experience and empowering workers via process automation. As virtual payments and… Read More

Softbank backed THG Ingenuity Makes Strategic Investment in Civo, a Cloud Tech Platform

Mark Boost, CEO at Civo, says he’s pleased to confirm that THG Ingenuity, the technology division of digital commerce platform THG, has invested $2 million in order to “take a minority stake in Civo.” Boost writes in a blog post that they’re “proud” to be THG… Read More

Israel’s Blumberg Capital Secures $225M to Invest in Early-Stage AI, Big Data, Cybersecurity, Fintech Ventures

Blumberg Capital revealed on Friday (September 18, 2021) that it has secured $225 million as part of its fifth fund, which focuses on making strategic investments into early-stage ventures. Blumberg was established around 30 years back by Jewish entrepreneur David Blumberg and has reportedly invested… Read More

CBDCs: Fluency, a Fintech Offering CBDC focused DLT Platform, Acquires $1.3M at $23.5M Pre-Money Valuation

Fluency, a company that’s introducing a proprietary central bank digital currency or CBDC-focused blockchain enterprise platform, has received $1.3 million as part of a seed funding round from Europe-based investors (at a $23.5 million pre-money valuation). In statements shared with Finextra, Fluency Chief Executive Inga… Read More

Chase and Visa to Allow Riders to Tap on MTA Subways with Contactless Cards to Donate to Non-Profits

Chase (NYSE: JPM) and Visa (NYSE: V) have revealed that beginning on August 30, 2021, and through September, whenever riders tap on MTA subways or buses with their Chase Visa contactless cards, they’ll be donating $0.10 per tap, up to $250,000, to domestic non-profit New… Read More

US Fintech Firm Aspiration Partners to Go Public via SPAC Merger

Aspiration Partners Inc., a Marina del Rey-headquartered Fintech firm that provides clients with tools to help with prioritizing sustainability in their spending habits, is set to go public through a merger with a blank check company. As mentioned in a release, the deal with InterPrivate… Read More

Canadian Travel Tech Firm Hopper Acquires $175M to Boost its Fintech Offerings via the Cloud

Canada’s travel technology firm Hopper recently finalized a $175 million Series G round that was led by New York-based GPI Capital. As noted by its management: “At Hopper, we’re on a mission to build the most customer-centric travel company on earth. We are leveraging the… Read More

PayPal Payment Options to be Offered by ACI Worldwide, a Real-Time Virtual Payment Software Provider

ACI Worldwide (NASDAQ: ACIW), an international provider of real-time virtual payment software and related services, reveals that it will be working with PayPal in order to bring online wallet payment options to ACI’s biller customers including Monroe County Water Authority (MCWA). PayPal and Venmo will… Read More

Exegy, a Predictive Trading Signals and Hardware Acceleration Tech Provider, Appoints Craig Schachter As Chief Revenue Officer

Exegy Inc., a provider of low-latency market data and execution services, predictive trading signals, as well as hardware-acceleration tech, reveals that they’ve appointed Craig Schachter to serve as the firm’s Chief Revenue Officer. In this key leadership role, Schachter will be tasked with setting and… Read More

Chris Gonsalves: Community Gaming CEO Reveals How They Worked on Adding Layer 2 Integrations Due to High Gas Fees on Ethereum MainNet

We recently caught up with Chris Gonsalves, CEO at Community Gaming, a platform that combines social gaming, match automation, and blockchain payment technology to make organizing and competing in esports tournaments simple. Chris talked about how Community Gaming allows players to earn crypto and USD… Read More

Enterprise focused NFT Solution Provider Sweet Announces Strategic Investment from Animoca Brands

Sweet, the enterprise-focused NFT solution that aims to offer a user-friendly, consumer-first, environmentally “conscious” approach to providing digital collectibles, recently announced a strategic investment from Animoca Brands, which is described as an “influential force” in gaming. Of note is the news that Animoca recently raised… Read More

DeFi Report from ConsenSys: 2.91M Unique Ethereum Addresses Using Decentralized Finance Protocols in Q2 2021, a 65% Growth from Q1

The team at Brooklyn, New York based ConsenSys, a leading Ethereum (ETH) development studio, has published its latest report on the Current State of DeFi. The report from ConsenSys provides a detailed analysis of Ethereum’s decentralized finance ecosystem and its ongoing growth during Q2 2021…. Read More

Fintech Platform LendingPoint Completes Largest-Ever Securitization

LendingPoint, a financial tech platform, recently revealed that it had completed its largest securitization to date: LendingPoint 2021-A Asset Securitization Trust (“LDPT 2021-A”), which was “$542,360,000 in size, rated by KBRA, and backed by a pool of unsecured, direct-to-consumer loans.” As mentioned in a release,… Read More

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