Tagged: u.s.

September 18, 2019 @ 2:21 pm By Samantha Hurst  |  

Petal, a credit card startup pioneering “Cashflow Underwriting” as an alternative to traditional credit scoring, announced on Wednesday it has completed a $300 million debt facility with Jefferies. Petal reported that it entered into a similar facility to borrow up to $30 million in debt… Read More

September 18, 2019 @ 1:31 pm By Samantha Hurst  |  

PayActiv, a U.S.-based provider of employment-based holistic financial wellness services, announced on Wednesday it has become a Public Benefit Corporation, which is described as a corporation that performs a specific function for the benefit of the public. According to Safwan Shah, CEO of PayActiv, the… Read More

September 17, 2019 @ 2:26 pm By Samantha Hurst  |  

Broker Buddha, a U.S.-based insurtech platform, announced on Tuesday it secured $4.5 million through its latest investment round, which was invested by Vertex Ventures. Founded in 2017, Broker Buddha explained it is transforming the application and renewal process to make insurance agencies more efficient and… Read More

September 16, 2019 @ 4:29 pm By Samantha Hurst  |  

Greenlight Financial Technology, Inc., a U.S.-based fintech company that created a smart debit card for kids, teens, and college students, announced on Monday it secured $54 million through its Series B funding round, which was led by Drive Capital with participation from JPMorgan Chase and… Read More

September 11, 2019 @ 2:10 pm By Samantha Hurst  |  

U.S.-based fintech Dwolla announced on Tuesday it has formed a new partnership with Currencycloud to allow clients to facilitate international payments. According to Dwolla, the collaboration provides businesses with a solution to send and receive international payments in a digital economy. While sharing more details… Read More

September 9, 2019 @ 12:02 pm By Samantha Hurst  |  

Real estate crowdfunding platform CrowdStreet announced on Monday the launch of its new Diversified Opportunity Zone Fund. According to CrowdStreet, the fund will focus on new development and redevelopment in small and mid-market U.S. Opportunity Zone communities with high growth potential. “A Qualified Opportunity Fund… Read More

September 6, 2019 @ 8:32 am By Samantha Hurst  |  

Payment processing platform Klarna announced on Thursday it has expanded its existing partnership with online fashion platform boohoo group to include both the US and UK. Klarna reported that US online shoppers at boohoo group’s four brands, which are boohoo, boohooMAN, PrettyLittleThing and Nasty Gal,… Read More

September 5, 2019 @ 9:27 pm By Samantha Hurst  |  

Happy Money, a U.S.-based fintech that enables users to “break up” with their credit cards, announced on Thursday it secured $70 million through its Series D funding round, which was led by CMFG Ventures. Founded in 2009, Happy Money provides financial tools and services for “human… Read More

September 5, 2019 @ 2:23 pm By Samantha Hurst  |  

Digital currency for payments and e-commerce platform Dash announced on Thursday it is now accepted at over 1,000 new merchants and more than 250 ATMs through its partnership with IQ CashNow, a full-service provider specializing in cryptocurrency ATMs, point-of-sale (POS) terminals and e-commerce websites. Dash… Read More

September 3, 2019 @ 3:03 pm By Samantha Hurst  |  

Global financial service platform Kabbage announced on Tuesday it has acquired Radius Intelligence, a  small-business data platform. Kabbage reported that the acquisition allows it to more deeply understand and serve small businesses as it adds insights from more than 20 million U.S. small businesses to… Read More

August 29, 2019 @ 9:30 pm By Samantha Hurst  |  

Alto, a technology platform for investors to add alternative assets to IRAs, announced on Thursday it secured $5.4 million through its latest seed round, which was led by Jefferson River Capital and Moment Ventures. This investment round comes less than six months after Alto raised… Read More

August 29, 2019 @ 8:36 am By Samantha Hurst  |  

Temenos AG (SIX: TEMN), the Switzerland based banking software provider, announced on Wednesday it has acquired U.S.-based digital banking SaaS company, Kony. Temenos reported that the acquisition significantly enhances Temenos’ scale and capabilities in the U.S., adds significant digital expertise, and accelerates digital front office… Read More

August 28, 2019 @ 3:54 pm By Samantha Hurst  |  

Marketplace lending company Funding Circle (LSE:FCH) announced on Wednesday it has completed its first asset-backed securitization (ABS) of US small business loans originated through its platform. According to Funding Circle, a total of $198 million was raised through the securitization, which marks “the debut of… Read More

August 28, 2019 @ 3:42 pm By Samantha Hurst  |  

U.S. insurtech startup Kin Insurance announced on Wednesday it secured $47 million through its latest investment round. According to Kin, the funds will be used to launch its Kin Interinsurance Network, a Florida home insurance carrier. Founded in 2016, Kin describes itself as insurtech startup… Read More

August 28, 2019 @ 10:25 am By Samantha Hurst  |  

Salaryo, a U.S.-based fintech platform for freelancers and startups, announced on Wednesday it raised $5.5 million in new funding from Ruby Ventures and Michael Ullmann’s investment group, bringing the total funding to $6.3 million.  Founded in 2017, the company provides security deposit financing for new coworking office members and… Read More

August 27, 2019 @ 3:39 pm By Samantha Hurst  |  

Accenture (NYSE: ACN) announced on Tuesday it has acquired Fairway Technologies, a U.S.-based engineering services provider. Accenture reported the acquisition will further power the Accenture Product and Platform Engineering Services practice, which helps clients manage and innovate software-based platforms. This news comes just one week… Read More

August 27, 2019 @ 11:09 am By Samantha Hurst  |  

Bond Financial Technologies Inc., a U.S.-based fintech platform, announced on Tuesday it raised $10 million through its seed funding round, which was led by Canaan with participation from  Coatue and angel investors including Sarah Friar, Steve Frieberg, Ryan Peterson, and Eric Yuan.  Bond described itself… Read More

August 26, 2019 @ 1:29 pm By Samantha Hurst  |  

Self Lender, a U.S.-based fintech that offers Americans a way to build their credit while also saving money, announced on Monday it has officially rebranded to Self. The startup reported that the new name is considered an “indication” of its commitment to help consumers have… Read More

August 23, 2019 @ 9:50 am By Samantha Hurst  |  

Blooma, a U.S.-based loan origination AI platform, announced earlier this week it secured $2.75 million through its seed funding round, which was led by Floodgate with participation from Abstract Ventures, Crescent Ridge Partners and Serra Ventures. Blooma reported that it launched its first production module… Read More

August 19, 2019 @ 9:48 am By Samantha Hurst  |  

FinFit, a U.S.-based fintech that provides more than 80,000 American companies with a financial wellness benefit platform, announced on Monday it has formed a new partnership with Execupay,a privately-owned provider of HR and payroll services and software.  FinFit reported that through the collaboration its platform… Read More