Tagged: texas

May 19, 2023 @ 8:24 am By Omar Faridi  |  

Earnix, the global provider of intelligent, composable, SaaS solutions for insurers and banks,  announced its new office in Texas. Set among industry giants like Toyota and Liberty Mutual, the new facility “affords regional employees and customers – as well as customers and prospects in the… Read More

April 21, 2023 @ 9:29 am By JD Alois  |  

The state of Texas has introduced new legislation targeting digital asset providers. The bill relates to the “comingling of funds” by crypto platforms. As one would anticipate, the language of the bill requires digital asset platforms not to mix customer funds with those belonging to… Read More

February 8, 2023 @ 1:17 am By Omar Faridi  |  

Wink, a Texas and California based, biometric identity and payments platform, is pleased to announce that it has received an additional $3M million of seed investment. This seed equity round “follows the $2.85 million previously raised in a pre-seed round in 2021-22.” The additional financing… Read More

December 7, 2022 @ 7:17 pm By Omar Faridi  |  

Ribbon announced it has closed $2.7 million in venture capital funding “to enable the Austin-based startup to roll out its unique fiscal sponsorship model for the burgeoning nonprofit industry.” The company’s fiscal sponsorship model “allows individuals looking to conduct charitable work to partner with existing… Read More

December 2, 2022 @ 8:28 pm By Omar Faridi  |  

Cipher Mining, Inc. (Nasdaq: CIFR), a U.S.-based bitcoin mining company, recently announced it has commenced bitcoin mining operations at its Odessa data center in Texas. Tyler Page, CEO, said: “We are delighted to announce that our Odessa data center has begun bitcoin mining operations just… Read More

October 21, 2022 @ 7:07 pm By Omar Faridi  |  

Uplinq Financial Technologies – which claims to be the first global credit assessment and scoring platform for SMB lenders – announced: “a $1.25 million investment from ATX Venture Partners, an early-stage venture capital firm based in Austin, Texas.” This announcement “comes after Uplinq raised $3.5… Read More

October 18, 2022 @ 12:26 pm By Omar Faridi  |  

Regulators in Texas are reportedly probing cryptocurrency platform FTX and company CEO Sam Bankman-Fried. The state securities regulator is looking into whether FTX has offered unregistered securities to Texas residents, which could potentially be a violation of state law. According to reports, Texas’ securities regulator… Read More

October 1, 2022 @ 9:46 pm By Omar Faridi  |  

One Inc, the payments network for the insurance industry, announced that Germania Insurance, the largest farm mutual insurance company in Texas, has selected One Inc’s ClaimsPay and PremiumPay products “for a fully integrated and digitized customer payment disbursement experience.” The implementation will “create a more… Read More

September 20, 2022 @ 6:12 pm By Omar Faridi  |  

Republic Capital Group recently announced its partnership with the University of Texas by committing to financial support “for multiple years as part of joining its Wealth Management Network.” The Network supports its Wealth Management Center that “focuses on changing the way investment is being made… Read More

July 19, 2022 @ 9:54 pm By Omar Faridi  |  

Apiture, which claims to be a “leading” provider of digital banking solutions, announced the closing of a $29 million fundraising round which was led by Live Oak Bank, with participation from other existing investors. The latest investment round “brings the total funding raised by Apiture… Read More

July 2, 2022 @ 1:16 pm By Omar Faridi  |  

Qenta, Inc., a financial services and infrastructure platform with innovative tech and a proprietary “enterprise-grade” blockchain, the Qenta Operating System, has unveiled an enhanced and integrated suite of financial solutions. With a focus on Latin America, Asia Pacific, and Europe, Qenta provides tokenized assets, multi… Read More

April 26, 2022 @ 8:10 pm By Omar Faridi  |  

Talus Pay, which claims to be a fast-growing tech-driven provider of payment processing solutions for small and mid-sized merchants, is pleased to confirm that payments industry veteran Bryan Fricke has joined the firm as Chief Revenue Officer. Fricke will be “responsible for the performance, strategy… Read More

April 17, 2022 @ 11:54 pm By Omar Faridi  |  

Truelytics recently teamed up with BlackRock (NYSE:BLK) to offer advisors “access to data, analytics, and insights to manage and grow their practices.” Financial advisors need access to the most “accurate, timely, and insightful tools for helping manage their practice and improve their valuation.” To that… Read More

April 9, 2022 @ 5:36 pm By Omar Faridi  |  

Compute North, which claims to be the leader in sustainable, large-scale computing infrastructure, has announced that construction is underway “to build a 300MW TIER 0™ data center next to the Wolf Hollow Generating Station in Granbury, Texas.” As covered, Compute North works with clients in… Read More

March 1, 2022 @ 3:34 pm By Omar Faridi  |  

Frost Bank, which is one of the largest banks based in Texas, has partnered with Plaid, a data network powering the digital financial ecosystem, in order to help Frost clients “securely and easily integrate their accounts and finances online.” Via its mobile app and online… Read More

February 25, 2022 @ 10:59 am By Omar Faridi  |  

Recently, network difficulty on the Bitcoin (BTC) network surged around 4.8% as total hashrate (or the amount of computing power securing the leading cryptocurrency network) exceeded 200 EH/s for the “first time ever.” The team at Compass Mining noted that “breaking through mining profitability’s gloomy… Read More

February 6, 2022 @ 7:24 pm By Omar Faridi  |  

PAI, a company focused on ATM portfolio management tools and services, announced that it has acquired Texas-based TouchPoint 21, a firm specializing in ATM and cash management outsourcing for financial institutions. As mentioned in the update, the acquisition brings a proven managed service model to… Read More

January 21, 2022 @ 8:42 am By Omar Faridi  |  

Routefusion, which claims to offer the most “comprehensive” Fintech solution for unlocking global expansion, has announced their $10.5 million seed “prime” funding round co-led by Canvas Ventures and Silverton Partners along with contributions from other investors. Other parties in Routefusion’s investment round reportedly include: Haymaker… Read More

October 25, 2021 @ 12:06 pm By JD Alois  |  

As more and more firms flee the Northeast and California, several states are benefiting from this exodus of talent and innovation. Texas and Florida are at the top of the list due to low taxes, a business-friendly government, and, of course, beautiful weather. On the… Read More

September 22, 2021 @ 1:34 pm By Omar Faridi  |  

Centennial Bank (NASDAQ: HOMB) has teamed up with FINBOA, an innovator in digital automation and regulatory compliance for financial institutions, in order to boost efficiency and cut down bank losses, while also enhancing client experience and empowering workers via process automation. As virtual payments and… Read More