Tagged: san francisco

UK Fintech Payhawk Acquires $112M via Second Largest Series B in Central and Eastern Europe

UK-based Payhawk, the payments and expense solution with business offices in London, Sofia, Berlin and Barcelona, has secured $112 million in capital three years after its inception, valuing the firm at $570 million. The Series B investment round has been led by San Francisco based… Read More

Drip Capital Raises $175M to Build a Tech-Enabled Global Trade Facilitation Platform

Drip Capital, Inc., a digital cross-border trade finance platform for SMBs, announces that it has acquired $175 million in funding to support its next stage of growth. Proceeds obtained include a $40 million Series C investment and $135 million in warehouse debt facilities, according to… Read More

Online Marketplace Lender Prosper Reports that 67% of Loan Originations in Sept were Rated AA-B

Prosper, a marketplace lending company that connects borrowers and investors with over $17B in loans issued via its platform, has shared its Performance Update Report for the month of September 2021. As noted in the report prepared by Haiyan Huang from Prosper, dated October 15,… Read More

Tradeshift Go to Hit $2.5B in Annualized Virtual Card Charge Volume

Tradeshift, an e-invoicing and AP automation service, announced that its virtual credit card product Tradeshift Go is on track to handle $2.5 billion in charge volume during 2021 – “a sixfold increase over 2020.” With this steady growth and over 2,000 clients, Tradeshift Go ranks… Read More

Constellation Network Acquires SaaS Startup, Dor, to Scale Blockchain Tech to Over 2,000 Retailers

Constellation, a distributed infrastructure that connects Big Data and the blockchain, has announced that it has acquired Dor, a startup that helps retail brands expand their business operations by “empowering them to improve customer outcomes through its data analytics solution that enables them to better… Read More

IHS Markit to Offer Tax Reporting, Related Infrastructure to Digital Asset Firm Coinbase

IHS Markit, a leader in critical information, reveals that it’s teaming up with digital assets firm Coinbase (COIN: NASDAQ), in order to offer tax reporting information and related infrastructure. Through this partnership, IHS Markit will be creating and providing Forms 1099-MISC for Coinbase clients, with… 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

Prosper Reports that Median Monthly Payment Loan to Income Ratio Remained Fairly Flat MoM at 5.23%

Prosper, a marketplace lending company that connects borrowers and investors with over $17B in loans issued via its platform, has shared its Performance Update Report for the month of August 2021. As noted in the report prepared by Haiyan Huang from Prosper, dated September 15,… Read More

Point Card, the High-Reward Debit Card, Secures $46.5M via Series B Round led by Valar Ventures

Point Card, the “high-reward” debit card, reveals that it has finalized a Series B round that was led by Peter Thiel‘s Valar Ventures. Other investors in Point Card’s latest investment round include Breyer Capital, YC Continuity, and Human Capital. Point completed a $10.5 million Series… Read More

Online Marketplace Lender Prosper Reports that Around 67% of Loan Originations Rated AA-B in July 2021

Prosper, a peer-to-peer lending company that connects borrowers and investors with over $17B in loans issued via its platform, has shared its Performance Update Report for the month of July 2021. As noted in the report prepared by Haiyan Huang from Prosper, dated August 13,… Read More

Clearwater Analytics, an SaaS for Investment Accounting, Appoints Souvik Das as CTO

Clearwater Analytics, a software-as-a-service or SaaS solution for investment accounting, reporting, and analytics, reveals that it has appointed Souvik Das as its new CTO. Das will be responsible for further developing the Clearwater Analytics’ SaaS platform with the latest modifications and enhancements. He has considerable… Read More

BaaS Fintech Synapse Introduces Credit Hub, a Full-Stack API Leveraging Mastercard Network to Serve Small Businesses

Synapse, a banking-as-a-service or BaaS platform developed to increase access to “best-in-class” financial products, has introduced the Synapse Credit Hub, which is described as a full-stack API platform created to support “innovative” credit solutions for individuals and businesses, by leveraging the Mastercard network. As explained… 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

Coinbase Appoints Former Google Distinguished Engineer and Ex- Dropbox CTO Bharat Mediratta as Fellow

Bharat Mediratta has reportedly joined digital assets firm Coinbase (NASDAQ:COIN) as Fellow. The former Google Distinguished Engineer and Dropbox CTO and SVP aims to bring his deep technical expertise to Coinbase, according to the announcement. As noted by Coinbase: “Today, we’re excited to welcome Bharat… Read More

Digital Lending Software Fintech Blend Is Now a Publicly Listed Firm on New York Stock Exchange

Digital lending software provider Blend (NYSE:BLND) has listed its shares on the NYSE after submitting its registration statement with the US Securities and Exchange Commission (SEC), earlier this year, in order to go public. The Fintech said will now focus on accelerating its ability to… Read More

Marketplace Lender Prosper Implements New Credit Risk Scoring Model, CH-R Rating Mix Increases 26%

Prosper, a peer-to-peer lending company that connects borrowers and investors with over $17B in loans issued via its platform, has shared its Performance Update Report for the month of June 2021. As noted in the report from Prosper, dated July 15, 2021: “In June, we… Read More

Top Blockchain or DLT based Smart Contract Risks Shared by Digital Assets Firm Coinbase

The team at digital assets firm Coinbase (COIN:Nasdaq) notes that securing smart contracts from risks still remains a significant challenge. As mentioned in an update shared with Crowdfund Insider, Coinbase noted that unaddressed security vulnerabilities are “readily turning into existential threats to your token’s viability.”… Read More

Marketplace Lender Prosper Reports that 78% of Originations Rated AA-B in May 2021, with $13K Avg Loan Size

Prosper, a peer-to-peer lending company that connects borrowers and investors with over $17B in loans issued via its platform, has shared its Performance Update Report for the month of May 2021. As noted in the report from Prosper, dated June 15, 2021: In May 2021,… Read More

Fully Compliant Digital Asset Platform Abra Offering 0% Interest Option on Loans Against BTC, ETH

Abra, a “fully compliant” platform for purchasing, selling, and trading more than 100 digital currencies and earning interest of “up to 10.5%” on “select digital assets,” revealed on Wednesday (June 2, 2021) that Abra Borrow, its in-app feature for using crypto “as collateral to borrow… Read More

Marketplace Lender Prosper Reports Relatively Stable Loan to Income Ratio for April 2021

Prosper, a peer-to-peer lending company that connects borrowers and investors with over $17B in loans issued via its platform, recently shared performance data from the Prosper Portfolio for April 2021. Prosper Performance Update – April 2021: Highlights from the report include: In April, “approximately 78%… Read More

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