Tagged: san francisco

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

Banyan Finalizes $8.2M Series A to Promote Investment into Sustainable Infrastructure

Banyan, an investment facilitator for sustainable infrastructure headquartered in San Francisco, has confirmed a $8.2 million Series A round “led by VoLo Earth Ventures with several notable venture capital firms joining the round.” The investment round, which values the company at $47 million, will “enable… Read More

Marketplace Lender Prosper Shares Performance Update for May 2022

The team at Prosper recently shared their performance data from the Prosper Portfolio for May 2022. Highlights from the Prosper Performance Update – May 2022 are as follows: In May, approximately 58% of loan originations “were rated AA- B, remaining stable month-over-month.” Average loan size… Read More

Marketplace Lender Prosper Shares Performance Update for April 2022

The team at Prosper recently shared their performance data from the Prosper Portfolio for April 2022. Highlights from the Prosper Performance Update – April 2022 are as follows: In April, approximately 56% of loan originations “were rated AA- B, remaining stable month-over-month.” Average loan size in… Read More

Truist Acquires Mobile Savings Gamification Platform Long Game

Truist Financial Corporation (NYSE: TFC) recently announced it has now acquired Long Game, the gamified finance mobile app that is “changing the way people save, learn and engage with their finances.” As mentioned in the update, Long Game transforms how users “engage with their bank… Read More

Veem Announces New Payment Options to Help SMBs Address Inflation Concerns

Veem, which claims to be a “leading” provider of global B2B payment solutions, has announced the rollout of new functionalities “including enhanced card options and faster ACH, allowing small businesses more flexibility in how they pay and get paid to manage cash flow.” Credit cards… Read More

Marketplace Lender Prosper Shares Performance Update for March 2022

The team at Prosper has shared their platform’s Performance Update for March 2022. Haiyan Huang from Prosper notes that in March 2022, approximately 55% of loan originations “were rated AA- B, remaining stable month-over-month.” And the average loan size in March “decreased by approximately 4% month-over-month.”… Read More

Fintech Nium Appoints Dylan Lowrey as General Counsel

Nium, the modern platform for international money movement, recently announced the appointment of Dylan Lowrey, to General Counsel. Lowrey joined Nium last year as Head of Regulatory Affairs and Product Law and has “helped the company launch new services in complex emerging markets, while expanding… Read More

Send this to a friend