Tagged: u.s.

Banking & Payments API Platform Sila Secures $7.7 Million Through Seed Funding Round Co-Led By Madrona Venture Group & Oregon Venture Fund

Sila, a U.S.-based banking and payments API platform, announced on Wednesday it secured $7.7 million through its seed funding round, which was co-led by venture capital firms Madrona Venture Group and Oregon Venture Fund, with participation from Mucker Capital, 99 Tartans, Taavet Kinrikus, CEO & Co-founder of Transferwise, as… Read More

U.S. Insurtech Corvus Now Offering Cyber Risk Reports to healthcare Entities Responding to COVID-19

Corvus Insurance, a U.S.-based insurtech startup, announced on Wednesday it is now providing cyber risk analysis and reports for hospitals, healthcare entities or any organization on the frontlines of the healthcare response to the COVID-19 pandemic. The company reported that The Corvus initiative, which is… Read More

Biz2Credit Business Lending Index For March 2020 Reveals Small Business Loan Approval Rates Plummeted Due to COVID-19 Pandemic

Biz2Credit announced on Tuesday the release of its latest Business Lending Index revealed that small business approval rate plummeted in March 2020. According to the Index, The approval percentage for small business loan applications at big banks ($10 billion+ in assets) plummeted to just 15.4%… Read More

Funding Circle Launches Pre-Application System for Paycheck Protection Program Loans

Funding Circle lobby

Marketplace lending company Funding Circle (LSE: FCH) announced on Friday it launched a pre-application system for small business owners interested in funds from the Paycheck Protection Program, which is offered by the U.S. Department of Treasury and Small Business Administration (SBA). Paycheck Protection Program (PPP)… Read More

Lendio Announces Paycheck Protection Program Loan Application For Small Businesses During COVID-19 Pandemic

Online lending platform Lendio recently announced it has launched an application for small businesses to access the $349 billion in government funds set aside for the Paycheck Protection Program (PPP). Lendio reported that the Paycheck Protection Program is part of the $2 trillion CARES Act… Read More

Busted: U.S. Arrests Russian Rapper Maxim Boyko For Cryptocurrency Laundering

The U.S. Federal Bureau of Investigation (FBI) reportedly arrested Russian rapper Maxim Boyko for cryptocurrency laundering. According to the Moscow Times, Boyok was arrested at a Miami condo this past weekend. The Affidavit submitted to support Boyko’s arrest revealed that the rapper “knowingly and intentionally conspire… Read More

U.S. Fintech Dwolla Appoints Former PayScape President Brady Harris as New CEO

U.S.-based fintech Dwolla announced on Tuesday it has appointed former PayScape President, Brady Harris, as its new CEO. According to Dwolla, Harris brings nearly 20 years of leadership in the payments and fintech space. Dwolla claims that during his time at PayScape, Harris had a… Read More

Lendio Plans to Hire Up to 200 Full-Time Small Business Loan Agents to Meet Demands for Emergency Capital During COVID-19 Pandemic

Online lending platform Lendio announced on Tuesday it is planning to hire up to 200 full-time small business loan agents to help meet the demand for emergency capital during the COVID-19. Lendio reported that with the recent passing of the CARES Act and the inclusions… Read More

AI-Powered Digital Technologies Provider Tavant Launches Proptech Business

Tavant, a U.S.-based AI-powered digital technologies provider, announced on Wednesday the launch of its new proptech business. Tavant claims that the platform implifies the home shopping and buying process and the company has leveraged its years of experience in Fintech, Digital Transformation, AI and Machine… Read More

Biz2Credit Introduces Biz2X Accelerate SBA Platform For Banks & Credit Unions to Start Lending Under CARES Act

Small business funding platform Biz2Credit announced on Monday the launch of Biz2X Accelerate SBA, a platform that enables banks and other financial institutions to efficiently respond to the influx of loan requests from small businesses seeking to take advantage of the Paycheck Protection Program (PPP)… Read More

U.S. Fintech FinFit Offering Financial Wellness Benefits Services Free of Charge During COVID-19 Pandemic

FinFit, a U.S.-based fintech that provides more than 80,000 American companies with a financial wellness benefit platform, announced on Wednesday it is now offering its services for free to any employer that wants to offer financial wellness resources for their employees during the COVID-19 outbreak. … Read More

Lendio Joins Lending Companies Around the U.S. to Request U.S. Senate & House of Representative Leaders to Approve $500 Billion Discretionary Funding For Small Businesses Suffering From Coronavirus Pandemic

Online lending platform Lendio announced on Tuesday it has joined companies through the U.S., including Biz2Credit, Credibly, Fundbox, Homebase, Kabbage, Funding Circle, Plaid, LendingTree, and Wisely, to send a letter to the U.S. Senate and House of Representative leaders to approve $500 billion in discretionary… Read More

Brex Acquires Neji, Compose Labs, & Landria to Bolster Product

Fintech

U.S. fintech Brex announced on it has acquired three startups to help enhance Brex Security, e-commerce product, and infrastructure. The acquisitions come just weeks after Brex announced the opening of its new and first-ever international office in Vancouver. As previously reported, Brex is seeking to… Read More

U.S. SEC Provides Update For COVID-19 Response

The U.S. Securities and Exchange Commission (SEC) has updated its response to COVID-19 and the related effects on the U.S. securities markets. The organization reported that its efforts are centered, first and foremost, on the health and safety of its employees as well as all… Read More

U.S. Fintech HUMBL Partners With Digital India Payments To Enter India’s Market

HUMBL, a US fintech that delivers mobile payments and financial services, announced on Friday it has formed a new partnership with India’s payment service Digital India Payments Limited to help with its expansion into the country’s market. HUMBL describes itself as a mobile, financial services… Read More

Bee Mortgage App Extends RegCF Raise Through Crowdfunding Platform Fundopolis

Bee Mortgage App, a U.S.-based mortgage mobile app, announced on Thursday it has extended its RegCF raise on Fundopolis, a recently approved funding portal. Founded in 2019, Bee Mortgage App claims to be the first eMortgage mobile app powered by VLO, a virtual loan officer…. Read More

Reg CF Platform Honeycomb Credit Is Now Offering Small Business Relief Loans During Coronavirus Pandemic

Bank replacement platform Honeycomb Credit announced on Wednesday it is now offering loans to small businesses that are in need of working capital during the coronavirus pandemic. As of March 18th, there are 7,038 cases of the virus with 97 total deaths. According to Honeycomb… Read More

Lendio Milestone: Facilitates $2 Billion in Small Business Loans

U.S.-based online lending platform Lendio announced on Tuesday it has facilitated over $2 billion in loans to small businesses across the U.S. The online lender also reported that it has originated more than 100,000 loans as well. Founded in 2011, Lendio claims to be a… Read More

FinTech South Announces Finalists For the 2020 TAG Fintech South Innovation Challenge

FinTech South, a Southeast event dedicated to financial innovation, announces 10 startups selected for the Technology Association of Georgia (TAG) FinTech South Innovation Challenge’s 2020 class. According to FinTech South, the companies selected will participate in a four-week Education and Mentoring Program, which aims to… Read More

Digital Asset Platform Bittrex Announces New Trading Features

Bittrex, a cryptocurrency exchange based in the U.S., announced on Monday it is introducing new products that will offer its users with additional benefits, control, and flexibility when trading digital assets on its platform. Bittrex reported that features include credit card support, conditional orders on… Read More

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