Tagged: san francisco

Fintech Cardless Introduces Simon American Express Credit Card with Cash Back

Cardless, Inc., a San Francisco-based firm focused on financial technology, is announcing an upgrade to the Simon American Express Credit Card, providing shoppers with a greater level of rewards.” The enhanced card now offers 5% cash back on “all purchases made at any store within… Read More

Retirement Benefits: Human Interest Selected as 401(k) Partner for Route Consultant Purchasing Alliance (RCPA)

Human Interest, which claims to be one of the fastest-growing 401(k) providers in the country, has been selected as the exclusive 401(k) partner for the Route Consultant Purchasing Alliance (RCPA), a membership organization “for logistics professionals. Human Interest’s retirement benefits are now available to over… Read More

Global Fintech Thunes Extends Series C to $72M with Investments from Visa, EDBI, Endeavor Catalyst

Thunes, the global B2B payment infrastructure platform, today announced the addition of three prominent investors – Visa, a world leader in digital payments, EDBI, a Singapore-based global investor and Endeavor Catalyst, a San-Francisco co-investment fund of Endeavor – to its Series C funding round, “supporting… Read More

Digital Identity Solutions: Socure Acquires Berbix, Together Delivering Accurate ID Verification Services

Socure, the provider of digital identity verification solutions, has acquired Berbix, a San Francisco-based startup that developed a high-accuracy document verification solution with a patent-pending forensics engine “able to detect spoofed IDs – including AI-generated fakes – that are visually indistinguishable to the human eye.”… Read More

Robinhood Markets Signs Agreement to Acquire X1, a Provider of a No-Fee, Reward-Offering Credit Card

Robinhood Markets, Inc. (NASDAQ:HOOD) has entered into an agreement to acquire San Francisco-based X1 Inc., a platform that “offers a no-fee credit card with rewards on each purchase.” According to Robinhood, this marks “an important step in their journey towards broadening their product offerings and… Read More

San Francisco based Fintech Cardless Announces $75M Credit Facility from i80 Group

San Francisco-based financial technology firm, Cardless, Inc. announced a new debt deal with i80 Group, securing a three-year $75 million credit facility. The deal is a warehouse facility that will enable Cardless “to fund customer receivables, growth, and continue its work with large, globally recognized… Read More

Fintech Charm Solutions Secures $3.5M via Seed Round Led by BootstrapLabs

Charm Solutions, a Fintech startup with offices in San Francisco, Stockholm, and Wilmington, Delaware, has announced that it secured a $3.5M seed funding round led by BootstrapLabs. Charm is “developing a trusted AI-powered SMB Credit Advisor service that leverages self-learning AI to help institutional lenders… Read More

Digital Insurance Platform Embroker Appoints Chris Spagnuolo as Chief Product Officer

Embroker, the digital insurance platform making it a radically simple single destination to get business insurance, announced that Chris Spagnuolo has come on board as Chief Product Officer (CPO). He joins the team at a pivotal time “to continue fueling Embroker’s momentum in developing innovative… Read More

Matera Brings Instant Payments, QR Code Payment Solutions to US Market

Matera, maker of world-class instant payment and QR code technology for financial institutions, announced its move into the U.S. “with new headquarters in San Francisco.” The expansion comes amid adoption of Pix, the instant payment system “implemented by the Central Bank of Brazil in 2020… Read More

Marketplace Lender Prosper Releases Latest Performance Update

The team at Prosper notes that they’re sharing performance data from the Prosper Portfolio for October 2022. Highlights from the Prosper Performance Update – October 2022: Dollar % of AA-B rated loan originations in October comprised approximately 63% of total loan originations, representing a 102… Read More

Card Issuer Apto Payments Adds Patriot Bank as Bank Partner

Card issuer and service provider Apto Payments announced the addition of Patriot National Bancorp, Inc., a Connecticut corporation “as a new bank partner to help customers bring card products to market with ease and confidence.” Patriot is a bank that is “committed to supporting purpose-driven,… Read More

Cardless, Simon Introduce Retail Credit Card on American Express Network

San Francisco-based financial technology firm, Cardless, Inc., and Simon, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment, and mixed-use destinations in the United States, have “agreed to launch the Simon® American Express® Credit Card from Cardless.” Once launched, Cardmembers… Read More

Marketplace Lender Prosper Shares Latest Performance Update

The team at Prosper has shared their performance data from the Prosper Portfolio for July 2022. Highlights from the Prosper Performance Update – July 2022 are as follows: In July, approximately 59% of loan originations “were rated AA-B, increasing by approximately 1.6% month-over-month.” Average loan… Read More

Astra, Visa to Support Faster Funding for New Accounts

Astra, a provider of instant card-to-card funding as a service in the US, recently announced it is using Visa Direct – which is Visa’s real-time payments service – “to provide fast payments to millions of its end-users who can fund cards, wallets, and other accounts… Read More

Ripple Labs Inc Is Reportedly Looking into Acquiring Assets of Bankrupt Crypto Lender Celsius

San Francisco’s blockchain payments Fintech Ripple Labs Inc, which is currently involved in an extensive legal battle with the US Securities and Exchange Commission (SEC), is reportedly interested in acquiring the assets of bankrupt cryptocurrency lending platform Celsius Network. This, according to statements shared by… Read More

Anchorage Digital, IEEE Portugal Section Partner on Blockchain/DLT Education Initiatives

Anchorage Digital and the Institute of Electrical and Electronics Engineers (IEEE) Portugal Section are pleased to announce a partnership “focused on educating the next generation of engineers and technologists about blockchain, distributed systems, and cryptography.” Together, Anchorage and IEEE Portugal (with more than 1,300 members… Read More

Online Marketplace Lender Prosper Releases Performance Update for June 2022

Prosper recently shared their performance data from the Prosper Portfolio for June 2022. Highlights from the Prosper Performance Update – June 2022 are as follows: In June, approximately 57% of loan originations “were rated AA-B, remaining stable month-over-month.” The average loan size in June “decreased… Read More

Subskribe Adds Revenue Recognition to Quote, Billing Platform for SaaS Firms

SaaS or software-as-a-service firms are able to sign a deal, send an invoice, even receive funds. But they can’t book the revenue — or “recognize” it, in accounting lingo — “until they’ve delivered the service.” With SaaS, the bookkeeping “gets tricky,” according to an update… Read More

Finalis, a Tech Platform for Dealmakers, Finalizes $10.7M Seed Round

Finalis, which claims to be one of the “fastest-growing” tech platforms for dealmakers,  announced $10.7 million in seed funding led by VC firms, such as ANIMO Ventures, Chaac Ventures, Ulu Ventures, Tribe Capital and The Fund. The funding from the investment round will aim to… Read More

Private Equity Firm FFL Partners Invests in Abacus Group, an IT Managed Services Provider

FFL Partners, a private equity firm focused on growth investments in tech-enabled business services and healthcare companies, announced that it has completed a strategic growth investment in Abacus Group, a financial services-focused IT Managed Services Provider  “specializing in hedge fund, private equity, venture capital and… Read More

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