Tagged: united states

U.S. Fintech QCash Names Tropical Financial Credit Union Its New Client

U.S. fintech and digital lending platform QCash Financial announced on Monday it has signed its newest client, Tropical Financial Credit Union (TFCU) with $700 million in assets. TFCU has reportedly turned to QCash to help launch a small dollar, personal lending program for their more… Read More

CBDC: Former CFTC Chairman Christopher Giancarlo Says US Fed Must Issue a Digital Currency

Christopher Giancarlo, former chairman at the US Commodity Futures Trading Commission (CFTC), recently stated that it may be time for the US Federal Reserve to introduce a digital currency. Giancarlo, whose comments came during Yahoo Finance’s On the Move show on February 21, said that… Read More

JPMorgan Chase Moves a Step Closer to Launching a Digital Consumer Bank in the UK

New York-based JPMorgan Chase (NYSE:JPM) , the world’s sixth-largest bank with over $2.6 trillion in assets, has moved a step closer to introducing a wide range of personal banking products in the United Kingdom. The move would be similar to what Goldman Sachs has done… Read More

Digital Asset Exchange Bitso Aims to Capture 20% of Remittance Market from US to Mexico

Digital asset exchange Bitso managed to capture a little more than 2% of the remittance market from the United States to Mexico in 2019 and now aims to gain a 20% market share by the end of this year. Established in 2014, Bitso experienced significant… Read More

Lenderclose Secures Investment From Ascentra Credit Union

LenderClose, a U.S.-based proprietary, technology-focused lending platform, announced on Thursday that Ascentra Credit Union has offered up an undisclosed investment through LenderClose’s latest funding round. Founded in 2015, LenderClose stated it was established with the key belief that innovative technology would empower community credit unions… Read More

Banking Challengers Attracted Record Levels of Investments Last Year: Report

Digital Banking Banking challengers have been introducing innovative financial products in order to compete with traditional banks. Challenger or neobanks attracted $5.2 billion in funding last year, which is more than triple of what they received back in 2018 ($1.6 billion). Italy-based Nexi, a digital… Read More

Coinbase Pro for Experienced Cryptocurrency Traders to Support Kyber Network’s KNC Token

Coinbase Pro, the leading digital asset exchange’s trading platform for professional or highly-experienced traders, is planning to add support for Kyber Network’s KNC token by next week. San Francisco-based Coinbase’s management confirmed on February 20 that clients would have the option to deposit Kyber’s KNC… Read More

U.S. Fintech Self Raises $20 Million Through Series C Funding Round Co-Led By Altos Ventures & Conductive Ventures

Self (formerly Self Lender), a U.S.-based fintech startup offering people a way to build their credit while also saving money, announced on Wednesday it raised $20 million through its Series C funding round, which was co-led by Altos Ventures & Conductive Ventures. Founded in 2015,… Read More

Ally Financial Set to Acquire CardWorks For $2.65 Billion

Ally Financial Inc. (NYSE: ALLY) announced on Wednesday it has entered into a definitive agreement to acquire CardWorks, a U.S. credit card issuer focused on the non-prime segment with a complementary full-spectrum unsecured servicing operation that includes third-party servicing and recovery capabilities, in a transaction… Read More

JPMorgan Chase Sends Letter to Fintech Firms Warning it will Not Allow Access to Customer Data Unless they Accept New Agreement

JPMorgan Chase, the world’s sixth-largest bank in terms of total assets, has reportedly sent a letter to several Fintech firms in which it cautioned that they will no longer be allowed to access customer data unless they accept the terms of a new data access… Read More

U.S. Fintech Numerate Announces Addition of Digital Account Opening, Credit Card Decision & More Features to Provide Banks With Digital Front End of Banking

Small business lending platform and fintech Numerated announced this week an expansion of its platform to support banks’ full suite of business banking products. The platform will now be offering pre-filled digital applications across business banking products, and a range of digital lending and account… Read More

U.S. Restaurant Management Fintech Toast Raises $400 Million Through Series F Funding Round

Toast, a U.S.-based restaurant management fintech platform, announced on Friday it secured $400 million through its Series F funding round, which was led by Bessemer Venture Partners, TPG, Greenoaks Capital, and Tiger Global Management with participation from Durable Capital Partners LP, TCV, funds and accounts… Read More

US Depository Trust and Clearing Corporation Might Establish Consortium to Deal with DLT Security Risks

The US Depository Trust and Clearing Corporation (DTCC), a major post-trade financial services firm offering clearing and settlement services to large capital markets, is considering establishing an industry consortium to formulate a joint strategy for dealing with security risks in the implementation of blockchain or… Read More

U.S. Fintech Reggora Secures $10 Million Through Series A Funding Round Led By Spark Capital

Reggora, a U.S. fintech that specializes in residential appraisal software, announced on Thursday it secured $10 million through its Series A funding round, which was led by Spark Capital. Founded in 2016, Reggora describes itself as a modern appraisal technology company that provides mortgage lenders… Read More

Digital Asset Broker Voyager Set to Acquire Circle’s Retail Digital Asset Business

Voyager Digital Ltd. (CSE: VYGR) (OTC Pink: VYGVF) (FRA: UCD2) announced on Wednesday it has entered into a definitive agreement to acquire Circle Invest, the retail digital asset business from Circle Internet Financial, Inc. According to Voyager, the transaction will add more than 40,000 retail… Read More

U.S. Cross-Border Consumer Credit Reporting Startup Nova Credit Secures $50 Million Through Series B Funding Round

Nova Credit, a U.S. cross-border consumer credit reporting startup, today announced it raised $50 million through its Series B funding round, which was led by Kleiner Perkins with participation from Canapi Ventures, Index Ventures, General Catalyst, and Nyca Partners. Nova Credit reported that the funds… Read More

Michigan-based Neogen Corporation Partners Ripe Technology to Record Livestock and Food Consumption Processes on Blockchain-based Platform

Michigan-based Neogen Corporation, a multinational food safety firm that offers test kits and various products to identify dangerous substances in food items, will be working with food industry blockchain firm Ripe Technology to track products on supply chains. Neogen and Ripe Technology aim to use… Read More

San Francisco’s Fintech HouseCanary, a Real Estate Analytics Solution Provider, Secures $65 Million in Round Led by Morpheus Ventures

San Francisco-headquartered HouseCanary, a Fintech firm focused on providing a real estate analytics solution, has secured $65 million through a growth funding round led by Morpheus Ventures, Alpha Edison, and PSP Growth. Following HouseCanary’s latest investment round, the firm’s total funding (to date) stands at… Read More

American Council on Education Acquires Funding from US Department of Education to Explore Use of Blockchain or DLT in US Education Sector

​The ​​US Department of Education is backing the nation’s higher education association’s research efforts into and tests of emerging blockchain or distributed ledger technologies (DLT). The American Council on Education confirmed on February 6 that it has acquired funding from the US Department of Education,… Read More

Digital Banking Platform Majority Introduces Products for US Customers, Following Four Months of Beta Testing

Majority, a digital banking platform focused on serving immigrant communities, recently introduced its products to US customers, following a four-month beta testing period. In order to expand its existing business operations, Majority says it remains focused on two major drivers: physical meetup spaces and brand… Read More

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