Tagged: san francisco

September 29, 2023 @ 2:39 am By Omar Faridi  |  

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

July 25, 2023 @ 5:52 pm By Omar Faridi  |  

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

July 18, 2023 @ 11:22 am By Omar Faridi  |  

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

July 1, 2023 @ 6:06 pm By Omar Faridi  |  

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

June 23, 2023 @ 9:22 am By Omar Faridi  |  

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

May 18, 2023 @ 5:27 pm By Omar Faridi  |  

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

April 20, 2023 @ 8:37 am By Omar Faridi  |  

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

March 16, 2023 @ 3:12 pm By Omar Faridi  |  

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

December 11, 2022 @ 11:43 am By Omar Faridi  |  

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

November 29, 2022 @ 12:25 pm By Omar Faridi  |  

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

October 23, 2022 @ 5:17 pm By Omar Faridi  |  

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

October 19, 2022 @ 4:27 pm By Omar Faridi  |  

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

August 16, 2022 @ 12:07 pm By Omar Faridi  |  

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

August 14, 2022 @ 3:17 pm By Omar Faridi  |  

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

August 13, 2022 @ 10:45 am By Omar Faridi  |  

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

July 20, 2022 @ 8:30 am By Omar Faridi  |  

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

July 19, 2022 @ 2:26 pm By Omar Faridi  |  

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

July 16, 2022 @ 3:06 pm By Omar Faridi  |  

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

July 10, 2022 @ 12:31 pm By Omar Faridi  |  

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

July 1, 2022 @ 9:19 am By Omar Faridi  |  

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