Private lending syndication platform CrowdOut Capital announced on Wednesday it has opened a new office in Dallas and appointed Stu Bell as its new Managing Director, who has more than 20 years of experience in commercial banking and private equity.. This news comes just two… Read More
Jetty, a U.S.-based insurtech startup, announced on Wednesday it secured $25 million through its Series B funding round led by Keith Rabois of Khosla Ventures with participation from Valar Ventures and Ribbit Capital. Founded by Mike Rudoy and Luke Cohler, Jetty states it offers insurance that is designed to help… Read More
Fintech incubator FinTech Consortium announced on Wednesday it has teamed up with Georgetown University to launch a professional development program in fintech. According to FinTech Consortium, the program is specifically designed for professionals with at least two years of experience in financial services or technology,… Read More
Cross River, a bank that delivers advanced financial and compliance products/services to the fintech industry, announced on Tuesday it has formed a new partnership with Railsbank Technology Limited, a UK-based open banking and RegTech technology services platform, to provide Railsbank a variety of API-powered, banking and… Read More
Root Insurance, an Ohio-based car insurtech company, announced last week plans for continued expansion into additional states in 2019, with a goal to expand its services nationwide by 2020. As previously reported, Root was founded in 2015 and describes itself as a full-stack automobile insurance company founded on the… Read More
RealBlocks, a U.S.-based blockchain-powered real estate tech platform, announced on Friday it secured $3.1 million through its latest seed funding round, which was led by Science Inc. with participation from Morgan Creek Digital, Zelkova Ventures, Ulu Ventures, and Cross Culture Ventures. Founded in 2017, RealBlocks revealed… Read More
U.S.-based online lending platform Lendio announced on Wednesday it has donated more than $130,000 to underserved business owners nearly 80 countries through Kiva microloans. According to Lendio, the donations were given through continued efforts to support business growth around the world, the Lendio Gives program has funded more than 5,000… Read More
U.S. fintech startup Kyriba Corp. announced on Wednesday it has reached an agreement to acquire FiREapps, an enterprise currency management firm, to create a solution for managing a lifecycle of global foreign exchange (FX) risk. According to Kyriba, the agreement will combine two global leaders in cloud treasury and… Read More
Apple’s mobile contactless payment system Apple Pay announced on Tuesday it is coming to Target, Taco Bell, Hy-Vee supermarkets in the Midwest, Speedway convenience stores, and Jack in the Box. According to Apple, 74 of the top 100 merchants in the US and 65 % of all retail locations… Read More
PayActiv, a U.S.-based provider of employment-based holistic financial wellness services, announced on Monday it has surpassed $1 billion in processed funds for timely earned wage access to the underserved and underbanked workforce. Speaking about the milestone, Safwan Shah, Founder and CEO of PayActiv, stated: “Financial stress is at… Read More
Ternio, a U.S.-based blockchain firm, announced on Friday the launch of its new cryptocurrency debit card, BlockCard. Founded in 2017, Ternio provides a highly scalable blockchain framework called Lexicon to enterprise business clients. According to Ternio, Lexicon is independently verified at over 1 million transactions… Read More
Chime, a U.S.-based app-only bank, announced earlier this week it is on track to open more than 100,000 bank accounts per month and expects to reach one million total this quarter. The banking group claims that with more than 750,000 bank accounts opened to date… Read More
Plaid, a U.S.-based fintech startup, recently announced it now supports more than 3,000 institutions for authority and identity. The news comes just after the company raised $250 million through its Series C funding round, which was reportedly led by venture capitalist and Internet Trends author, Mary Meeker…. Read More
Tala, a U.S.-based consumer lending app in emerging markets, recently announced it has partnered with Smart Campaign, a global initiative to promote strong financial client protection for low-income clients housed at the Center for Financial Inclusion at Accion, for digital client protection research. The duo… Read More
U.S.-based fintech Broadridge Financial announced last week it has formed a new partnership with data collaboration firm Workiva to combine its conventional and next-generation digital delivery of regulatory and shareholder communications and distribution capabilities with the Workiva Wdesk cloud-based platform. According to Broadridge, Workiva customers will soon… Read More
Payment process platform Square has reportedly reapplied for its banking license. This news comes less than six months after the company withdrew its application. According to Finextra, the company previously submitted its banking license application with the Federal Deposit Insurance Corporation (FDIC) to become a… Read More
OnDeck (NYSE: ONDK), a small business online lending platform, announced on Wednesday it is set to offer equipment finance loans to select U.S. small businesses next year, bringing its technology and digital lending expertise to what it believes has traditionally been a slow-moving, opaque, and… Read More
Coinness, an Asian cryptocurrency and blockchain information provider, announced on Monday it is expanding in the U.S., which the company claims is the home to more than 20 million cryptocurrency investors. Founded in 2017, Coinness stated it is dedicated to an instant inclusive coverage of everything happening… Read More
Coinbase announced on Friday it is now allowing instant PayPal withdrawals for all U.S. customers. The company reported that U.S. customers can instantly withdraw Coinbase balances to PayPal, which will provide what Coinbase calls even faster access to their funds. These withdrawals are free and incur no fees…. Read More
OpenFinance Network (OFN) announced on Thursday it is moving from beta to full trading functionality and is claiming to be the first to launch a live, regulated security token trading platform in the U.S. According to OFN, one of the security tokens available to trade at launch is Blockchain… Read More
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