Tagged: san francisco

Truist Acquires Mobile Savings Gamification Platform Long Game

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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

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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

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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

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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

Fintech Firm Ripple Commits 1B XRP to Grants Program, Accelerator to Support XRP Ledger Development

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Ripple, which claims to be the leader in enterprise-grade blockchain and crypto solutions, is committing 1B XRP to “accelerate development and new use cases on the XRP Ledger (XRPL).” The fund is “an extension to the XRPL Grants program which launched in 2021 and, to… Read More

Online Lending Software Firm Blend Explains How its Solutions Help Banks Offer Comprehensive Digital Experiences

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Digital lending software provider Blend (NYSE:BLND) notes that the financial services sector is changing, and ensuring loyalty is “increasingly difficult.” Blend writes in a blog post that clients are now looking for all-digital experiences that are fast, easy, as well as more efficient. And they… Read More

Digital Lending Fintech Blend Reports 60% Reduction in Application Submission Times for Auto and Personal loans, Credit Cards

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Digital lending software provider Blend (NYSE:BLND) notes that the rise of connected consumers driving product development and reshaping the trajectory of industries across the board has “proven that finance can be lightning fast, mobile-friendly, and customer-centric.” Blend writes in a blog post that the changed… Read More

Marketplace Lender Prosper Shares Performance Update for Jan 2022

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The team at Prosper has shared their platform’s Performance Update for January 2022. Haiyan Huang from Prosper notes that in January 2022, approximately 57% of loan originations “were rated AA-B.” The company further noted that the average loan size in January “increased by 4% month-over-month.”… Read More

Tobias Lütke, CEO of Shopify, Set to Join Coinbase Board of Directors

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Brian Armstrong, CEO and Co-Founder of digital asset firm Coinbase (NASDAQ: COIN), confirms that commerce pioneer and open-source programmer, Tobias Lütke will bring his extensive experience and perspective to bear as Coinbase continues to expand its global presence and develop new products. Armstrong wrote in… Read More

Carta Completed 129 Secondary Liquidity Transactions for Private Firms Last Year – Over 4x the Total in 2020: Report

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US venture capitalists had a “tremendous” year in 2021, as they were able to shatter all previous annual fundraising records, according to an update from Carta, a San Francisco based firm helping private and public companies, investors, and employees manage equity and ownership. As noted… Read More

Coinbase Chief Legal Officer Paul Grewal Explains How Firm Offers Fair, Transparent, “Equal” Experience

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Paul Grewal, Chief Legal Officer at digital assets firm Coinbase (NASDAQ: COIN), has shared an update titled, Proof of Alignment, which explains what the company has done to align themselves with their clients and what they’re planning to do next. As noted by Grewal, Coinbase… Read More

Digital Lending Software Firm Blend Is Helping to Increase Homeownership Opportunities by Leveraging Data and Automation

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Digital lending software provider Blend (NYSE:BLND) reveals that they helping to increase homeownership opportunities by leveraging data and automation. Blend explains how their integration with Fannie Mae supports borrower rent payment history, which helps “expand opportunities for first-time homeownership.” Traditionally, credit has served a key… Read More

Marketplace Lender Prosper Shares Latest Performance Update for December 2021

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Haiyan Huang from marketplace lender Prosper has shared the platform’s latest performance data from the Prosper Portfolio for December 2021. In an update from Prosper, dated January 15, 2021, the firm has shared key highlights from the report as follows: Performance Update In December 2021,… Read More

Mercury Bank Reports $19M Raised by Startups via Mercury Raise, Fintech Firm Issued Over 8,000 Debit Cards in 2021

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Another year is winding down and the team at Mercury Bank has reflected on some of their “favorite” moments of 2021. Mercury Bank say they’re grateful to have had their clients with them along the way. During 2021, Mercury finalized a $120 million Series B… Read More

Digital Asset Firm Coinbase Announces Community Analyst Program

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Coinbase (COIN: Nasdaq) is pleased to confirm the introduction of the Community Analyst Program (or the CAP Program). As explained in a blog post by Coinbase, this is a great way for students, professionals and community members who share their “core beliefs” to contribute to… Read More

Online Marketplace Lender Prosper Reports that 62% of Loan Originations in November were Rated AA-B

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Haiyan Huang from marketplace lender Prosper has shared performance data from the Prosper Portfolio for November 2021. Here are the key highlights (shared by Prosper) from the report. Performance Update In November 2021, around 62% of loan originations “were rated AA-B.” Average loan size “decreased… Read More

Former Square (now Block) CTO Bob Lee Joins Crypto Payments Fintech MobileCoin as Chief Product Officer

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Bob Lee, ex- Chief Technical Officer at Square (now doing business as Block), has reportedly joined MobileCoin as its Chief Product Officer. As an early investor in and advisor to the crypto and virtual payments startup, Bob helped “shape product and technology strategy.” He now… Read More

Coinbase has Over $30B in Digital Assets Staked Across 25 Protocols As of Nov 2021: Report

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Aaron Henshaw, Head of Coinbase Cloud Engineering, says that it’s no secret that crypto is gaining mainstream appeal, with the international cryptocurrency market cap reaching an all-time high of $3 trillion for the first time, the total value locked in DeFi reaching $250 billion, and… Read More

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

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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

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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

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