Tagged: united states

December 6, 2019 @ 2:33 pm By Samantha Hurst  |  

Chime, a U.S.-based app-only bank, has reportedly secured $500 million through its Series E funding round, bringing Chime’s valuation to $5.8 billion. The investment comes less than a year after Chime raised $200 million through its previous round when it was valued at $1.5 billion…. Read More

November 25, 2019 @ 1:59 am By Omar Faridi  |  

Digital-only banks, or neo-banks, are not dependent on outdated, legacy financial infrastructure. These virtual banks are more efficient than traditional banking institutions because they operate without the costly networks of physical branches. Neobanks have been working towards transforming the retail banking sector in major financial… Read More

November 20, 2019 @ 9:53 am By Samantha Hurst  |  

U.S.-based fintech Broadridge Financial announced on Wednesday it has acquired ClearStructure Financial Technology, which is a global provider of portfolio management solutions for the private debt markets. According to Broadridge, the acquisition is helping to expand its asset management technology suite. “Broadridge’s SaaS technology powers… Read More

November 13, 2019 @ 12:16 pm By Samantha Hurst  |  

Xoom, PayPal’s international money transfer service, announced on Tuesday it has rolled out its domestic money transfer service in the U.S. Xoom reported that through its collaboration with Walmart and Ria, U.S. citizens may now use its services to send money for cash pick-up typically… Read More

October 17, 2019 @ 10:27 pm By Samantha Hurst  |  

U.S. digital bank Radius Bank announced on Thursday it has teamed up with Credible to expand its digital marketplace. Radius Bank reported that through the partnership, consumers can source competitive rates for student loans, student loan refinancing and personal loans through the Radius platform. The… Read More

October 17, 2019 @ 10:17 pm By Samantha Hurst  |  

West Creek, a U.S.-based fintech company that provides point-of-sale financing, announced on Thursday it secured a $150 million credit facility from Pollen Street Capital, bringing the company’s total credit facility capacity to $250 million. Founded in 2014, West Creek claims it focuses on using big data… Read More

October 17, 2019 @ 8:27 am By Samantha Hurst  |  

Paysafe Group, a global payments provider, announced on Thursday it has launched its mobile pay service in the U.S. Paysafe reported that the solution was developed following strong interest from US small and medium-sized businesses (SMBs) in integrating mobile payment apps. Thirty percent of American… Read More

October 16, 2019 @ 4:15 pm By Samantha Hurst  |  

U.S.-based online lending platform Lendio announced on Wednesday it has provided more than 10,000 Kiva micro-loans to entrepreneurs in the developing world through Lendio Gives. Lendio reported that its Lendio Gives is an employee donation and employer matching program focused on facilitating global entrepreneurship. To… Read More

October 13, 2019 @ 8:30 pm By Samantha Hurst  |  

Apollo Exchange, a Canada-based insurtech startup, recently announced it has officially entered the U.S. insurance market. Apollo reported that it entered the American market with a liability insurance product tailored for educators in California. Its insurance product allows consultants, instructors, and therapists to purchase their… Read More

October 10, 2019 @ 2:14 pm By Samantha Hurst  |  

U.S.-based fintech FinMason announced earlier this week it has analyzed over 10 million portfolios for clients since launching its analytics API service in 2017. As previously reported, FinMason claims to be the world’s largest independent investment analytics engine for financial services platforms. The fintech firm… Read More

October 10, 2019 @ 9:30 am By Samantha Hurst  |  

C2FO, a fintech firm and market for working capital based in the U.S., announced on Wednesday it is acquiring India-based payment platform, Priority Vendor. C2FO reported that through the acquisition, Indian suppliers will receive a continuous flow of capital at costs lower than traditional financing… Read More

September 27, 2019 @ 8:35 am By Samantha Hurst  |  

Marqeta, a U.S.-based fintech valued at over $2 billion, announced earlier this week it has appointed Vidya Peters as its first Chief Marketing Officer. According to Marqeta, Peters recently served as Chief Marketing Officer of MuleSoft and will be responsible for Marqeta’s global marketing efforts… Read More

September 26, 2019 @ 9:10 pm By Samantha Hurst  |  

Fintech Unicorn and stealth bank Transferwise announced on Thursday it has brought TransferWire for Banks to the U.S. TransferWire reported that financial institutions of all sizes may now integrate with TransferWise and offer customers what TransferWire believe is cheaper, faster, transparent payments to more than… Read More

September 26, 2019 @ 2:25 pm By Samantha Hurst  |  

U.S.-based online lending platform Lendio announced this week it has plans to double the sales force at its Lehi, Utah, and Woodbury, New York, offices. The lender reported that it has hired 80 employees in 2019 and intends to add another 40 sales representatives by… Read More

September 26, 2019 @ 7:10 am By Samantha Hurst  |  

Block.one, the creator of the EOSIO (EOS) blockchain protocol, announced earlier this week it has opened U.S. operations at its headquarters in Arlington, Virginia, which is located in the Washington D.C. metro area. According to Block.one, the new location is its fourth global site. As… Read More

September 25, 2019 @ 7:58 am By Samantha Hurst  |  

Temenos AG (SIX: TEMN), the Switzerland based banking software provider, announced on Wednesday it has completed the acquisition of U.S.-based digital banking SaaS company, Kony. The acquisition news was originally announced last month, with Temenos agreeing to purchase Kony for an enterprise value of $559 million… Read More

September 24, 2019 @ 1:27 pm By Samantha Hurst  |  

Japan-based cryptocurrency exchange bitFlyer announced on Tuesday it is adding new altcoins to its platform across Europe and the US. bitFlyer reported that its Buy/Sell users in Europe will now be able to buy and sell Bitcoin Cash (BCH), Ethereum Classic (ETC), Litecoin (LTC), Lisk (LSK) and… Read More

September 24, 2019 @ 10:58 am By Samantha Hurst  |  

AvidXchange, a U.S. fintech that provides accounts payable and automated payment solutions to midsize businesses, announced on Tuesday launch of new functionalities for its AvidXchange for NetSuite (AFN) SuiteApp. AFN, built using the Oracle NetSuite SuiteCloud Computing Platform, automates the entire invoice to payment process,… Read More

September 20, 2019 @ 3:42 pm By Samantha Hurst  |  

U.S.-based insurtech startup Spot announced on Friday it has launched its subscription-model injury coverage, which provides coverage for out-of-pocket expenses, including insurance deductibles. Founded in 2017, Spot described itself as an ambitious startup entering the insurance industry by opening an entirely new channel of distribution… Read More

September 19, 2019 @ 8:24 am By Samantha Hurst  |  

Wells Fargo & Company (NYSE: WFC) announced on Thursday it has signed a new data exchange agreement with U.S. fintech Plaid. According to the duo, this new agreement will allow Wells Fargo customers will be able to conveniently and more securely share their financial data… Read More