Tagged: united states

October 27, 2020 @ 12:22 pm By Samantha Hurst  |  

Digital brokerage solution provider DriveWealth announced on Tuesday it secured $56.7 million through its Series C funding round, which was led by Point72 Ventures with participation from Raptor Group, SBI Holdings, Inc., and Route 66 Ventures, LLC. DriveWealth also revealed it welcomed two new investors,… Read More

October 27, 2020 @ 10:44 am By Samantha Hurst  |  

Paya,  a U.S.-based integrated payment and commerce solutions provider, announced on Tuesday it has formed a new partnership with business lending solution provider, Artis Technologies. Paya reported that through the partnership,  its payments technology will integrate directly into the Artis Connect and Artis Credit platforms,… Read More

October 25, 2020 @ 10:28 pm By Omar Faridi  |  

Joe Robinson, Co-Founder and CEO at Hummingbird, a modern platform for anti-money laundering (AML) that makes investigations “agile and intelligent,” says that it took some time before traditional banks began to view Fintech firms as legitimate business partners that could help them with their digital… Read More

October 25, 2020 @ 5:02 pm By Omar Faridi  |  

The COVID-19 pandemic has accelerated the shift to digital with financial services, according to a recent report from TransUnion (NYSE:TRU), a financial services data platform and credit report provider. The report notes that the Coronavirus outbreak sent “shockwaves” through the financial services sector and has… Read More

October 25, 2020 @ 2:57 pm By Omar Faridi  |  

Adena Friedman, President and CEO of Nasdaq, the world’s second-largest stock exchange with a market cap of over $17 trillion, says that emerging technologies (Emtech) continue to “drive the evolution” of capital markets.  As covered, Friedman believes that Cloud technologies will transform financial services and… Read More

October 24, 2020 @ 3:23 pm By Omar Faridi  |  

Chinese Fintech firm Lufax is reportedly planning to secure $2.36 billion through its US initial public offering (IPO). Lufax was once a top peer to peer lending platform but has since shifted into other areas of Fintech as well as online lending. Lufax’s management noted… Read More

October 23, 2020 @ 6:39 pm By Omar Faridi  |  

Adena Friedman, President and CEO of Nasdaq, the world’s second-largest stock exchange with a market cap of over $17 trillion, says that Nasdaq began transforming financial markets with the launch of the very first electronic stock market back in 1971. Friedman notes: “From day one,… Read More

October 23, 2020 @ 3:04 pm By Samantha Hurst  |  

Vault12, a U.S.based personal digital asset security platform, announced on Thursday the launch of its Digital Inheritance offering. Vault12 claims that Digital Inheritance is the first solution suitable for all kinds of assets to offer a direct and secure way to ensure digital assets can… Read More

October 23, 2020 @ 2:50 pm By Samantha Hurst  |  

Openfinance Securities, LLC, the Broker-Dealer and ATS behind the Openfinance digital securities trading platform, announced on Friday it has received approval for digital securities trading enhancements to its membership agreement with FINRA, relying upon the SEC’s recent Staff no-action letter clearing Openfinance’s digital ATS business… Read More

October 23, 2020 @ 7:58 am By Omar Faridi  |  

San Francisco-based Fintech firm Ripple might consider moving its business operations to another country if US financial regulations remain unclear. Ripple has narrowed down its choices to five high-potential markets where it may establish its new headquarters. They include the UK, Switzerland, the United Arab… Read More

October 22, 2020 @ 3:15 pm By Samantha Hurst  |  

Quavo Inc., a U.S.-based fintech provider, announced on Thursday it has launched a fraud and dispute artificial intelligence (AI), called Auto Reasonable Investigation Agent (ARIA). The company claims that ARIA is the “first and only” SaaS platform AI and automation to conduct dispute investigations as… Read More

October 21, 2020 @ 4:00 pm By Samantha Hurst  |  

Entre, a U.S.-based social network for entrepreneurs, investors, and freelancers, is now seeking a max of $1 million in funding through its Wefunder campaign. Founded in 2018, Entre describes itself as a platform for entrepreneurs to connect, learn, and build. The platform’s community has more… Read More

October 21, 2020 @ 9:42 am By Samantha Hurst  |  

Nium, a global fintech infrastructure platform, announced on Tuesday it has formed a partnership with U.S. neobank Unifimoney to enhance the outbound money transfer experience for Unifimoney users. Nium further revealed that the collaboration will expand Unifimoney’s capabilities, as well as introduce real-time global payment… Read More

October 20, 2020 @ 11:44 pm By Omar Faridi  |  

American Express (NYSE:AXP) and Coupa have announced that they’ll be expanding their existing partnership in order to bring virtual card payments to the US. According to a release, the American Express virtual Card payment option within Coupa Pay is now available globally, allowing companies to… Read More

October 20, 2020 @ 1:34 pm By Samantha Hurst  |  

  Possible, a U.S.-based fintech startup, announced on Tuesday it secured $11 million through its Series B funding round, which was led by Union Square Ventures with participation from existing investors Canvas Ventures, Unlock Venture Partners, Columbia Pacific Advisors, Union Bay Partners, Tom Williams, and FJ… Read More

October 20, 2020 @ 8:15 am By Samantha Hurst  |  

U.S.-based fintech FirstClose announced on Tuesday it has officially launched its digital lending platform (DLP), FirstClose ONE. According to FirstClose, FirstClose One is a home equity and refi tool that offers everything from application to servicing (credit score, valuation, title, tax, flood, closing, and recording)… Read More

October 19, 2020 @ 11:39 am By Samantha Hurst  |  

SageSure, a U.S.-based homeowner insurtech, recently announced the launch of its new line of commercial insurance products specifically for coastal businesses. Founded in 2005, SageSure describes itself as an innovation-focused insurance and technology company specializing in underserved property markets. “As the leading homeowners insurtech organization… Read More

October 18, 2020 @ 10:05 pm By Samantha Hurst  |  

Paya,  a U.S.-based integrated payment and commerce solutions provider, announced on Friday it is set to make its debut on Nasdaq this Monday (October 19th). Paya reported its common stock will begin trading on the Nasdaq Stock Market under the ticker symbol “PAYA.” Paya claims… Read More

October 17, 2020 @ 6:24 pm By Omar Faridi  |  

Coinbase Custody, a qualified custodian that operates as a standalone, independently-capitalized business to Coinbase Inc., is considering adding support for new crypto-assets. Coinbase Custody notes that it focuses on offering a “highly” secure and “sophisticated” storage solution for institutional investors and individuals that hold large… Read More

October 16, 2020 @ 3:51 pm By Samantha Hurst  |  

  U.S.-based insurtech startup Pie Insurance recently announced it has exceeded $100 million in cumulative written premium and surpassed $100 million in annualized run rate premium. As previously reported, Pie describes itself as a fast-growing insurtech startup that offers workers’ compensation insurance directly to small businesses. The company revealed it… Read More