Tagged: united states

Klarna Announces New Partnership With Point-of-Sale Software Vend

Payment processing platform Klarna announced earlier this week it has formed a new partnership with point-of-sale software brand, Vend. According to Klarna, the collaboration gives customers of boutique retailers more flexible payment options in-store across the UK. The roll out will later follow in the… Read More

AvidXchange Secures $260 Million Through Latest Investment Round to Support Continued Growth

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AvidXchange, a U.S. fintech that provides accounts payable and automated payment solutions to midsize businesses, announced on Friday it has raised $260 million in equity capital as part of the company’s latest financing round. With contributions from TPG Sixth Street Partners and other leading investors, this brings… Read More

Financial Management App Nav Appoints Greg Ott as New CEO

Nav, a business financial management app that helps small businesses find the best financing by giving them free access to business and personal credit reports from major commercial and consumer credit bureaus, announced on Tuesday it has appointed Greg Ott as its new CEO. The… Read More

Klarna Partners With H&M to Launch Pay Later Feature in the U.S.

Payment processing platform Klarna has teamed up with Swedish multinational clothing-retail H&M to launch Pay Later options in the U.S. According to H&M, the payment solution in the U.S. enables a “frictionless” and flexible checkout for customers across all channels. Stefan Vos, CFO of H&M… Read More

Plaid Has Been Acquired By Visa

Plaid, a U.S.-based fintech startup, announced on Monday it has been acquired by Visa. The companies both revealed that Visa will pay total purchase consideration of $5.3 billion through the acquisition. Founded in 2012, Plaid stated it is focused on enabling “innovation and democratizing” financial… Read More

Fintech and Traditional Bank Collaborations and Open Banking Are Becoming More Prevalent Globally

Traditional bank and Fintech collaboration and Open Banking are becoming quite common for financial institutions throughout the world that are planning to update their product offerings for small and medium-sized businesses (SMBs). India-based private lending institution SBM Bank recently teamed up with PayNearby to introduce… Read More

Insurtech: Chicago-based Clearcover, a Car Insurance Provider, Finalizes $50 Million Series C Round

Chicago-headquartered Clearcover, a company focused on improving the way people acquire car insurance, has completed its third investment round. Clearcover revealed on January 3 that it had finalized a $50 million Series C round, which was led by OMERS Ventures. Existing investors American Family Ventures,… Read More

U.S. Fintech Saas Company HighRadius Secures $125 Million Through Series B Investment Round Led By ICONIQ Capital

HighRadius, a U.S.-based fintech enterprise Software-as-a-Service (SaaS) company specializing in integrated receivables, announced on Tuesday it secured $125 million through its Series B funding round, which was led by ICONIQ Capital with participation from existing investors Susquehanna Growth Equity and Citi Ventures. Founded in 2006, HighRadius claims… Read More

U.S. Fintech Nayax Secures $60 million Through Latest Investment Round

Nayax, a U.S.-based fintech that is developing solutions for the machine industry, has reportedly secured $60 million through its latest investment round. The funding notably brings the company’s valuation to $400 million. Founded in 2005, Nayax revealed its cashless payments, telemetry, management, and BI solutions… Read More

US-based Companies Still Using Slow, Inefficient Paper Checks to Settle B2B Payments: Report

Companies might think that they have to spend more money to generate more revenue, however, many are reportedly spending a lot more than what’s required in order to keep their accounts payable (AP) departments operational. Paper checks are still the main method through which American… Read More

Monzo Announces U.S. Beta Update

UK-digital challenger bank Monzo announced this week an update about the U.S. Beta launch. The banking startup revealed that from August until November it ran small, in-person community events in San Francisco, NYC, Las Vegas, and LA. the company then gave 1,000 users early access… Read More

Chilean Insurtech Jooycar Plans to Launch in the U.S. in 2020

Jooycar, a Chilean insurtech that is seeking to disrupt the auto insurance and telematics space in Latin America, is reportedly set to launch in the U.S. this upcoming year. According to Contxto, Jooycar is looking to expand its customized car insurance service to the U.S…. Read More

U.S. Beverage Brand Grady’s Cold Brew Now Seeking Funds Through Reg CF Round on StartEngine

Grady’s Cold Brew, Inc., a cold brew beverage startup based in the Bronx, is now seeking funds through its Reg CF round on crowdfunding platform, StartEngine. Founded in 2011, Grady’s Cold Brew describes itself as a New Orleans-Style cold brew that started as a bottled… Read More

United States is Expected to Lose its Top Rank as Largest Cashless Society by Next Year: Study

The United States is reportedly expected to lose its top rank as the largest cashless country and society in the world to nascent Asian markets by next year. Cashless transactions in the US are projected to increase by 4.7% to reach $184 billion by 2020,… Read More

India-based AI and Big Data Firm Quantiphi Raises $20 Million via Series A Round from Multiples Alternate Asset Management

Quantiphi, a US and India-headquartered applied artificial intelligence (AI) and Big Data analytics services firm, has raised $20 million via a Series A round from Multiples Alternate Asset Management. Quantiphi offers applied AI and Big Data solutions to Fortune 500 companies across several major sectors… Read More

Monzo Expands Anti-Money Laundering Partnership With RDC For U.S. Launch

RDC (Regulatory DataCorp) announced on Wednesday it has renewed its agreement with UK-based digital banking group Monzo to help fight against anti-money laundering for the bank’s U.S. launch. According to RDC, the partnership will build on the success of the past two years in the… Read More

U.S. Insurtech/Fintech Hourly Secures $7.15 Million Through Seed Funding Round Led By Aya Peterburg & Haim Sadger of S Capital

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Hourly, a U.S.-based insurtech/fintech that simplifies workers’ comp insurance, payroll and time tracking for small business owners, announced on Wednesday it secured $7.15 million through its latest seed funding round, which was led by Aya Peterburg and Haim Sadger of S Capital, with participation from Inovia Capital, J-Angels and… Read More

U.S.-Based Small & Medium-Sized Business Financing Provider Kapitus Closes Second Asset-Backed Securitization For $160 Million

Kapitus, a U.S.-based small and medium-sized business financing provider, announced on Tuesday it closed its second asset-backed securitization (ABS) for $160 million. Kapitus reported that the facility, which has a 3-year revolving period, a 5-year legal final, and is expandable to $500 million, was issued in… Read More

Lendio’s Second Regional Report Reveals Spike in Business Loan Demand in South Atlantic Region States

U.S.-based online lending platform Lendio announced on Monday its second regional report revealed a spike in business loan demands in the South Atlantic states. The report notably revealed that in the third quarter the region saw the highest percentage of growth in small business loan… Read More

Accenture Announces Acquisition of U.S. Data Consultancy Clarity Insights

Accenture (NYSE: ACN) announced on Friday it has agreed to acquire Clarity Insights, a U.S.-based data consultancy with deep data science, artificial intelligence (AI) and machine learning (ML) expertise. Accenture claims that Clarity Insights is a leading provider of data science and AI/ML engineering capabilities for large… Read More

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