Tagged: u.s.

U.S. Fintech MPOWER Financing Secures $9 Million Through Investment Round For Educational Loans Program

MPOWER Financing, a U.S.-based fintech platform for educational loans to international and DACA students, announced on Tuesday it secured $9 million through its latest investment round. Founded in 2014, MPOWER Financing uses cross-border digital lending platform, big data, and global infrastructure to finance the millions… Read More

NYMBUS Secures $12 Million in Growth Funding

NYMBUS, a U.S. financial service platform provider, announced on Tuesday it secured $12 million through its latest investment round, which was led by Insight Partners and Vensure Enterprises. NYMBUS claims it provides the world’s most advanced revenue and technology solutions for today’s financial institutions. Its… Read More

Cross River Approves More Than $4.7 Billion in Loans to Small Businesses Across the U.S. Through Both Rounds of the Paycheck Protection Program

Cross River, a bank that delivers advanced financial and compliance products/services to the fintech industry, announced on Tuesday it has approved more than $4.7 billion in loans to small businesses across the U.S. through both rounds of the Small Business Administration’s (SBA) Paycheck Protection Program… Read More

Chilean Insurtech Jooycar Raises $700,000 Through HCS Capital For U.S. Expansion Plans

Jooycar, a Chilean insurtech that is seeking to disrupt the auto insurance and telematics space in Latin America, has reportedly secured $700,000 through HCS Capital as it plans to continue expansion to the U.S. efforts. The company announced its U.S. expansion plans back in December… Read More

Milestone: Klarna Surpasses 7.85 Million U.S. Customers

Payment processing platform Klarna announced on Monday it has reached a record 7.85 million U.S. customers. The company reported the milestone is driven by apparel, beauty, and footwear brands partnering with its platform to offer their customers flexible buy now, pay later options. Klarna offers a… Read More

U.S. Insurtech Hippo Set to Acquire Spinnaker Insurance

Insurtech startup Hippo Insurance announced on Wednesday it is set to acquire Spinnaker Insurance Company, a national property and casualty insurer. Hippo reported it has partnered with Spinnaker as its largest carrier platform since 2017, with Spinnaker-backed Hippo products currently available to consumers in nearly… Read More

U.S. Banking App For Freelancers Lili Secures $10 Million Through Seed Funding Round

Lili, a U.S.-based mobile banking app specifically for freelancers, announced on Wednesday it secured 10 million through its seed funding round, which was led by Group 11 with participation from Foundation Capital, AltaIR Capital, Primary Venture Partners, and Torch Capital. Founded in 2018, Lili reported… Read More

HSBC Joins Forces With EquBot & IBM Watson to Introduce AI-Powered U.S. Equity Index

HSBC recently announced it has teamed up with Equbot and IBM Watson to launch the artificial intelligence (AI)-Powered US Equity Index (AiPEX) family. The financial giant claims that the index is a market’s first in using AI as a method for equity investing. According to… Read More

Student Loan Refinance Marketplace Splash Financial Raises $12.3 Million Through Series A Funding Round Led By CMFG Ventures & Northwestern Mutual Future Ventures

Splash Financial, a U.S.-based student loan refinance marketplace, announced earlier this week it secured $12.3 million through its Series A investment round, which was co-led by CMFG Ventures, LLC, the venture capital entity of CUNA Mutual Group, and Northwestern Mutual Future Ventures. Founded in 2015,… Read More

U.S. Fintech PruPay Joins Forces With PayPal to Launch Touchless Payments

  PruPay, a U.S.-based payments technology company, announced on Thursday it is joining forces with PayPal to launch touchless pay for customers through text messaging. PruPay states it works with some of the “largest players” in the financial industry to bring simple solutions to complex problems…. Read More

Canadian Online Lender LendingArch Announces Plans to Accelerate U.S. Expansion Due to Increased Demand for Loans & Debt Relief

Canadian marketplace lending platform LendingArch announced on Tuesday it is accelerating its plans to expand into the U.S. in response to the increased demand for loans and debt relief during the COVID-19 pandemic. Founded in 2015, LendingArch describes itself as a modern finance company reinventing… Read More

U.S. Neobank Aspiration Secures $135 Million Through Series C Investment Round

Aspiration, a U.S.-based neobanking group, announced on Friday it secured $135 million through its Series C funding round, which was led by Alpha Edison with participation from Swiss investment bank UBS. Founded in 2013, Aspiration stated it was born to be the financial firm for… Read More

ZYNLO Launches Digital-Only Banking Services in Anchorage, Alaska

ZYNLO Bank (ZYNLO), a digital-only startup powered by PeoplesBank, has launched its banking service in Anchorage, Alaska. Founded earlier this year, ZYNLO describes itself as a digital-only bank designed to make banking just a bit easier for all consumers. “We believe we offer the ideal combination… Read More

Cyber Insurance & Security Company Coalition Secures $90 Million Through Series C Funding Round Led by Valor Equity Partners

Coalition, the leading cyber insurance and security company, announced on Wednesday it has raised $90 million through its Series C funding round, which was led by Valor Equity Partners with participation from Felicis Ventures, Greyhound Capital, and Coalition’s existing investors. Founded in 2017, Coalition states… Read More

Raisin Unveils Savings as a Service Software For U.S. Banks & Credit Unions

Cross-border savings and investments marketplace Raisin announced on Tuesday it has launched its first U.S. based product, the Raisin Savings as a Service software. According to Raisin, the software will help banks and credit unions quickly and easily offer customized time-deposit products and drive cost-effective… Read More

U.S. Insurtech Haven Life Rolls Out 100% No Medical Exam Product & API Solution to Expand Partnership Efforts

U.S. insurtech Haven Life announced on Tuesday it is rolling out a new 100% no medical exam product that can be sold directly through partners. Haven Life reported that banks, advisors, insurance brokers, etc. may now offer the product, Haven Term Simplified, to clients who… Read More

AI-Powered System Commerce.AI Raises More than $1 Million Through Reg CF Offering on StartEngine

Commerce.AI, a U.S. artificial intelligence (AI) powered system, has secured more than $1 million through its Regulation Crowdfunding (Reg CF) campaign on StartEngine. Founded in 2016, Commerce.AI is on a mission to harness the power of artificial intelligence to change the way commerce is done…. Read More

U.S. Digital Asset Trading Platform FalconX Secures $17 Million Through New Financing Round From Accel, Accomplice, & Coinbase

FalconX, a U.S.-based digital asset trading platform, announced on Wednesday it raised $17 million through its latest financing round, which saw participation from Accel, Accomplice VC, Coinbase Ventures, Fenbushi Capital, Flybridge Capital Partners, Lightspeed Venture Partners, and Avon Ventures. Founded in 2018, FalconX describes itself… Read More

Construction Fintech Platform Briq Secures $10 Million Through Series A Funding Round

Briq, a U.S.-based fintech platform specifically for construction, has raised $10 million through its Series A funding round, which was reportedly led by Blackhorn Ventures with participation from Eniac Ventures, MetaProp NYC, and Darling Ventures. The company’s total funding since inception is now up to… Read More

Members Exchanges Receives SEC Approval to Operate a National Securities Exchange

Members Exchange (MEMX), a market operator founded by members to benefit all investors, announces last week it received approval from the U.S. Securities and Exchange Commission (SEC) to operate a national securities exchange. Founded in 2019, MEMX is on a mission is to increase competition,… Read More

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