Arbol, a U.S.-based insurtech platform specifically for parametric products, announced on Tuesday it secured $7 million through its Series A fundraiser. The investment round included participation from Finch Finance LLC, Space Capital, and Mubadala Capital-Ventures. Founded in 2018, Arbol’s products are able to quickly… Read More
Jooycar, a Chilean insurtech that is seeking to disrupt the auto insurance and telematics space in Latin America, announced on Tuesday it has officially expanded its service to the U.S. with the launch of a GPS vehicle tracking solution. This launch comes less than six… Read More
John Lee Quigley, who’s focused on building Bitcoin media and research products at HASHR8 Inc, a cryptocurrency mining and media firm that aims to support the “decentralized growth” of hashrate (or computing power used to secure digital currency networks) while enhancing the security of blockchains,… Read More
New York-based Rho Technologies, a Fintech firm developing a platform focused on supporting business banking services, has acquired $15 million in capital through a Series A funding round – which was led by M13 Ventures. Rho’s investment round was also joined by Torch Capital, Inspired… Read More
Digital brokerage solution provider DriveWealth, which notably secured $56.7 million through a Series C funding round in October 2020, is now planning to introduce its API-enabled brokerage technology platform for retail clients. The platform will be launched on the floor of the NYSE, following a… Read More
With digital or neo banking gaining more users and popularity during the Coronavirus pandemic, the leading challenger banks in the US and Europe recently confirmed steady growth and adoption. Trading Platforms reveals that seven US or American challenger banks managed to record a combined user… Read More
Real estate crowdfunding platform GROUNDFLOOR announced earlier this week a new pilot program to spur the development of more accessory dwelling units (ADUs) in the Atlanta jurisdictions. According to GROUNDFLOOR, the initiative is designed to support developers who seek financing for the renovation or new construction… Read More
The Mayor of Miami says he wants to make his city more attractive or appealing to the technology sector by embracing Bitcoin (BTC), the flagship cryptocurrency, and even investing a certain amount of government funds in the digital asset. Mayor Francis Suarez noted that if… Read More
Alchemy Technologies, an established Fintech infrastructure development firm headquartered in Utah, has teamed up with financial technology firm Plaid, which provides a data network that powers the software tools that millions of consumers are using to “improve their financial lives.” Alchemy is notably one of… Read More
NYMBUS, a U.S. financial service platform provider, announced on Friday that Rilla Delorier and John Janclaes have joined its new industry advisory board. According to NYMBUS, the inaugural team of executives will provide valuable perspectives for helping more financial institutions accelerate their digital growth with… Read More
Digital asset exchange Kraken has issued an update on cryptocurrency staking options for Ethereum 2.0, a major (and very gradual) system-wide update of the Ethereum blockchain from its current proof-of-work (PoW) based consensus algorithm to a proof-of-stake (PoS) consensus mechanism. In December 2020, Kraken introduced… Read More
XI Card, a U.S.-based smart credit card company, announced on Thursday it raised $12 million through its latest investment round, which was led by Spark Capital with participation from Jared Leto, Box CEO Aaron Levie, Yelp CEO Jeremy Stoppelman, Affirm CEO/PayPal Co-Founder Max Levchin,… Read More
Gemini Trust Company, LLC (Gemini), a cryptocurrency exchange and custodian, revealed on January 12, 2020 that it has now surpassed $10 billion in digital assets under custody. The Gemini team confirmed in a blog post that they’re pleased to announce that the crypto firm now… Read More
U.S.-based fintech Vesica announced earlier this week it raised $2.1 million through its seed funding round, which included investments from Mercury Digital Assets and Miami International Holdings. Vesica shared its flagship product, SHIFT, empowers traders with a “front page view” of financial markets by providing… Read More
U.S.-based money experience company MX announced on Wednesday it has raised $300 million in a Series C funding round led by a $150 million investment from TPG Growth with additional participation from new and existing investors including CapitalG, Geodesic Capital, Greycroft, Cota Capital, Canapi Ventures, Digital Garage, Point72… Read More
B2B fintech-as-a-service provider Rapyd announced on Wednesday it secured $300 million through its Series D financing round, which was led by Coatue with participation from Spark Capital, Avid Ventures, FJ Labs, Latitude, General Catalyst, Oak FT, Tiger Global, Target Global, Durable Capital, Tal Capital,… Read More
A recently published whitepaper from Massachusetts-based International Data Corporation (IDC) and Huawei examines how banking institutions across the globe have been dealing with the COVID-19 outbreak. The paper identifies or recommends the way forward in a post COVID world which is now considered the “new… Read More
Relay Payments, a U.S.-based fintech, announced on Tuesday it raised $43 million in funding over the past six months as it continues to “transform” payment processing within the supply chain industry. Relay Payments describes itself as an end-to-end payment solution that takes the frustration out… Read More
Modern Treasury, a U.S.-based payment operations software provider, announced on Tuesday it secured $38 million Series B funding round, which was led by Altimeter Capital with participation from Benchmark and Y Combinator. Modern Treasury states that it enables its clients to marry bank statements… Read More
Artis Technologies, a U.S.-based fintech that provides lending solutions for businesses, announced on Tuesday it has entered into a new bank funding partnership with Drummond Community Bank for its Artis Credit platform. According to Artis, the funding will fulfill consumer loans originating through the company’s… Read More
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