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
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
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
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
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
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
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
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
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
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
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
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
Petal, a credit card startup pioneering “Cashflow Underwriting” as an alternative to traditional credit scoring, announced on Wednesday it has completed a $300 million debt facility with Jefferies. Petal reported that it entered into a similar facility to borrow up to $30 million in debt… Read More
PayActiv, a U.S.-based provider of employment-based holistic financial wellness services, announced on Wednesday it has become a Public Benefit Corporation, which is described as a corporation that performs a specific function for the benefit of the public. According to Safwan Shah, CEO of PayActiv, the… Read More
Broker Buddha, a U.S.-based insurtech platform, announced on Tuesday it secured $4.5 million through its latest investment round, which was invested by Vertex Ventures. Founded in 2017, Broker Buddha explained it is transforming the application and renewal process to make insurance agencies more efficient and… Read More
Greenlight Financial Technology, Inc., a U.S.-based fintech company that created a smart debit card for kids, teens, and college students, announced on Monday it secured $54 million through its Series B funding round, which was led by Drive Capital with participation from JPMorgan Chase and… Read More
U.S.-based fintech Dwolla announced on Tuesday it has formed a new partnership with Currencycloud to allow clients to facilitate international payments. According to Dwolla, the collaboration provides businesses with a solution to send and receive international payments in a digital economy. While sharing more details… Read More
Real estate crowdfunding platform CrowdStreet announced on Monday the launch of its new Diversified Opportunity Zone Fund. According to CrowdStreet, the fund will focus on new development and redevelopment in small and mid-market U.S. Opportunity Zone communities with high growth potential. “A Qualified Opportunity Fund… Read More
Payment processing platform Klarna announced on Thursday it has expanded its existing partnership with online fashion platform boohoo group to include both the US and UK. Klarna reported that US online shoppers at boohoo group’s four brands, which are boohoo, boohooMAN, PrettyLittleThing and Nasty Gal,… Read More
Happy Money, a U.S.-based fintech that enables users to “break up” with their credit cards, announced on Thursday it secured $70 million through its Series D funding round, which was led by CMFG Ventures. Founded in 2009, Happy Money provides financial tools and services for “human… Read More
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