Tagged: san francisco

Buy Now Pay Later Fintech Affirm, which Filed IPO Application, May have Significant Growth Opportunities in the US

Younger investors including Millennials and Gen Z consumers are supporting a change in the idea of paying with credit, and investors might also be able to join this emerging trend in the US markets. Fintech company Affirm Holdings Inc., which lets users split their purchases… Read More

Digital Asset Exchange Coinbase to Disable Margin Trading as Response to New CFTC Guidance

Paul Grewal, Chief Legal Officer at crypto exchange Coinbase, has confirmed that they’ve disabled margin trading on the platform. Grewal says that the move has come as a response to new guidance provided by the US Commodity Futures Trading Commission (CFTC). Grewal noted in a… Read More

San Francisco based Tally, a Personal Finance Management Firm, Hires Executives for Growing its Product and Marketing Operations

Tally, a company that assists borrowers with paying off their credit cards and managing their spending, recently recruited two executives with considerable experience in Fintech while working at Betterment and SoFi. The San Francisco-based firm has appointed Anthony Schrauth as Tally’s new VP of Product… Read More

Silicon Valley Fintech Unicorn Brex’s Co-Founder Says Startup Space Is Booming Again in Post COVID Environment

Henrique Dubugras, Co-Founder at Brex, a Silicon Valley-based Fintech Unicorn, recently noted that companies were forced to cut many jobs and were also more focused on retaining customers following the COVID-19 outbreak earlier this year. Dubugras now claims that the startup space is booming once… Read More

Fintech Firm Truebill Secures $17 Million in Capital to Launch Personal Finance Management App

Truebill has secured $17 million in capital through a Series C investment round in order to help it with growing from a subscription management service to a comprehensive personal financial management (PFM) app. Truebill’s round was led by Bessemer Venture Partners. Eldridge, Cota Capital, Firebolt… Read More

Cryptocurrency Exchange OKCoin Confirms it will Support Upcoming Bitcoin Cash (BCH) Hard Fork

San Francisco-based crypto exchange OKCoin confirmed that it will be supporting the Bitcoin Cash (BCH) hard fork (backwards incompatible upgrade) which will take place on November 15, 2020. The OKCoin team noted that they’ll provide an airdrop of the minority chain’s asset. Hard forks of… Read More

Payments Platform Stripe to Move Business Operations to Dublin due to Brexit

Payments platform Stripe is reportedly moving its operations to Dublin due to Brexit. Most European customers will be processed locally (beginning on November 19, 2020). Stripe’s management confirmed that they’re moving payment processing for most of their European clients to the firm’s Irish-regulated business entity… Read More

American Fintech Ripple Might Leave US and Establish Headquarters in Other Countries due to Lack of Regulatory Clarity in the US

San Francisco-based Fintech firm Ripple might consider moving its business operations to another country if US financial regulations remain unclear. Ripple has narrowed down its choices to five high-potential markets where it may establish its new headquarters. They include the UK, Switzerland, the United Arab… Read More

Coinbase Pro will be Adding Wrapped Bitcoin (WBTC) as New Crypto Trading Option

San Francisco-based crypto exchange Coinbase is launching Wrapped Bitcoin (WBTC) on Coinbase Pro, the digital asset trading platform for professional traders. WBTC trading will not be available to Coinbase.com users or via other mobile app platforms (for now at least). As confirmed by the exchange,… Read More

Coinbase Users May Earn 5% APY in Certain Jurisdictions by Staking Cosmos (ATOM) Tokens via Platform

San Francisco-based crypto exchange Coinbase has introduced Cosmos (ATOM) staking rewards. The leading digital currency trading platform announced on September 29, 2020 that it will be allowing certain eligible customers to “easily start earning 5% APY” on their Cosmos (ATOM) held on Coinbase. The Coinbase… Read More

Fintech Plaid CEO: There’s Been a “Meaningful Increase” in Number of Consumers Using Digital Financial Apps during COVID-19 Crisis

Zachary Perret, CEO at Plaid, a San Francisco-based Fintech firm, says that there have been significant changes in the digital financial services sector during the past 6 months. He confirms that there’s been a major shift in consumer behavior with more consumers preferring to use… Read More

Fintech Brex CFO Michael Tannenbaum Recommends Providing Special Benefits to Remote Workers so they Feel Valued during COVID-19 Crisis

Michael Tannenbaum, the chief financial officer at Brex, a Silicon Valley Fintech Unicorn, notes that many people today are working remotely. Tannenbaum, who’s also the chief business officer at Brex, says that we might be at risk in some ways of losing “the culture and… Read More

Cross-Border Payments are on the “Cusp of Transformation” According to Executive from Fintech Ripple

Marcus Treacher, the SVP of Customer Success at American Fintech Ripple, notes that the world’s cross-border payments market is highly fragmented. But he claims that international transactions are now being redefined by “the power of ISO standardization” and the innovative technology approach of RippleNet, which… Read More

Ethereum Token UMA for Financial Contracts and Synthetic Assets, with $1.26 Billion Market Cap, to be Listed by Coinbase Pro

On September 4, 2020, Coinbase Pro users will be able to transfer UMA cryptocurrency tokens into their accounts ahead of scheduled trading. Support for the UMA digital currency will be available in all of the digital asset exchange’s supported jurisdictions, however, New York State residents… Read More

California based Fintech Wealthfront, which offers Robo-Advisory Services, Introduces “Self-Driving” Money

California-based Fintech firm Wealthfront, a Robo-Advisor that had been focused on becoming a digital bank, has revealed that it has introduced what it calls, the “first Self-Driving Money” service. As mentioned in an update shared with Crowdfund Insider, Wealthfront’s new, free-to-use service, Autopilot, will automate… Read More

San Francisco based Fintech Brex Partners SAP Concur so Customers can Automatically Reconcile their Corporate Card Expenses

San Francisco-based Fintech Brex, a company that says it’s “reimagining” financial systems for high-potential or growing businesses, has teamed up with SAP Concur so that Brex customers are able to automatically update and reconcile their corporate card expenses by using Concur Expense. Brex claims that… Read More

Coinbase Pro to Add Celo (CELO), a Cryptocurrency Used by Platform that Makes it Easier to Send, Receive Stablecoins using Smartphones

San Francisco-based crypto exchange Coinbase is planning to add Celo (CELO), the native digital currency of an open-source platform that aims to make financial tools accessible to anyone with a smartphone or mobile device. Celo will only be offered on Coinbase Pro, which is the… Read More

Researchers from Protocol Labs Explain how the Drand or Distributed Randomness Project can Help with Cybersecurity, Election Audits

David Dias, research engineer at Protocol Labs and the drand project lead, along with Nicolas Gailly, research scientist at Protocol Labs and the original author of drand, recently explained how they’re developing randomness solutions that are able to generate random numbers. This is important because… Read More

Bitcoin.com, a Leading Crypto Wallet Provider, Partners with Cred to Allow Users to Earn Interest on Digital Asset Deposits

Bitcoin.com, a website that encourages people to use Bitcoin Cash (BCH) and claims that more than 11 million cryptocurrency wallets have been opened via its platform, reveals that it will be working with Cred. San Francisco-based Cred is a blockchain-powered licensed lender that was founded… Read More

Coinbase Is Planning to Let Certain US based Customers Borrow Cash Using Bitcoin (BTC)

US-based digital asset exchange Coinbase claims that it was launched to offer “a reliable, trusted, and safe bridge” for consumers interested purchasing and selling cryptocurrency. Coinbase says it aims to offer the best investing experience for its clients. The exchange is now providing new investing… Read More

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