Tagged: united states

October 16, 2020 @ 2:30 am By Omar Faridi  |  

  We recently spoke to Meltem Demirors, the Chief Strategy Officer at CoinShares, a digital asset treasury management firm that manages over $1 billion in assets. Demirors talked about how financial markets reacted after US President Donald Trump tested positive for COVID-19. She also discussed… Read More

October 15, 2020 @ 10:39 pm By Samantha Hurst  |  

Greenwood, a U.S. digital banking platform, announced on Thursday it saw 100,000 sign-ups during the first week of its launch. Founded earlier this year, Greenwood describes itself as a mobile banking platform for Black and Latinx people and business owners. The startup claims to feature… Read More

October 15, 2020 @ 3:42 pm By Omar Faridi  |  

LexisNexis Risk Solutions has published its latest research report, titled Risk Solutions 2020: True Cost of Fraud Study: Financial Services & Lending (for the US and Canadian financial services and lending sectors). The research report covers the different types of fraudulent activities in the lending… Read More

October 15, 2020 @ 8:28 am By Omar Faridi  |  

Greater Boston based PAYMYNT Financial, a mobile commerce and financial growth app provider, has secured $1.1 million in capital through its seed funding round. PAYMYNT’s management notes that many consumers are now making purchases via e-commerce platforms. They believe that it’s an ideal time to… Read More

October 15, 2020 @ 8:25 am By Samantha Hurst  |  

Rapyd, a global B2B Fintech as a Service provider, announced on Thursday it has joined forces with InComm Payments to enable cash bill pay and load solutions at participating retailers across the U.S. According to Rapyd, the partnership will empower participating billers and other consumer-facing providers of… Read More

October 14, 2020 @ 11:46 pm By Omar Faridi  |  

Sean Lippel, a VC and crypto-asset investor at Fintech Collective, a New York-based firm backing initiatives that “reimagine” how money moves in a digital environment, says that the future of institutional digital asset management has already arrived. Lippel claims that if portfolio managers allocate around… Read More

October 14, 2020 @ 2:36 pm By Samantha Hurst  |  

Nada, a U.S.-based real estate technology startup, recently announced its seed capital round to accelerate its growth and product development. The company has raised nearly $400,000 in funding through its funding round on Republic. Nada set a minimum hurdle of $25,000  – a number it… Read More

October 14, 2020 @ 10:53 am By Omar Faridi  |  

Canapi Ventures, a company that aims to invest in early to growth-stage Fintech firms offering “disruptive” alternatives to outdated business models and technologies, has been making substantial investments in the financial tech sector, especially since August of this year. Headquartered in Wilmington, North Carolina and… Read More

October 14, 2020 @ 7:38 am By Omar Faridi  |  

A recent Fintech study reveals that digital banking apps are now beginning to lag behind online trading apps (in Germany) which grew by 140%. Despite the COVID-19 outbreak, German consumers have not been using mobile banking apps as much as expected, according to a study… Read More

October 10, 2020 @ 1:55 pm By Omar Faridi  |  

  UK-based Fintech firm and stealth bank TransferWise, which recently booked its 4th year of profitability while processing £67 billion in transfers in the past year, has published its Q3 2020 report which goes over how the company has been focusing on its goal of… Read More

October 9, 2020 @ 3:08 pm By Samantha Hurst  |  

Meniga, UK-based AI-powered digital banking solutions announced on Friday it has expanded its services to the U.S. The U.S. launch comes less than six months after Meniga secured €8.5 million through its latest strategic investment round, which was led by French banking group Groups BPCE with… Read More

October 8, 2020 @ 3:43 pm By Samantha Hurst  |  

Bloom Credit,  a U.S.-based API platform company that helps businesses integrate with credit bureaus for access to scores, monitoring, and furnishment products, today announced it has raised $13 million through its latest investment round, which was led by Allegis NL, with participation from Resolute Ventures, Slow Ventures, and Commerce… Read More

October 7, 2020 @ 2:50 pm By Samantha Hurst  |  

BRD, a U.S.-based cryptocurrency mobile wallet, announced earlier this week it has surpassed six million users globally, with a monthly active user counting also surpassing at the beginning of July 2020. Founded in 2015, BRD claims it is one of the largest non-custodial wallets with… Read More

October 7, 2020 @ 11:00 am By Omar Faridi  |  

Bank of America or BoA (NYSE: BAC) has introduced a digital tool, called Life Plan, which aims to help clients with setting and keeping track of their financial goals. The new tool is now available through the BofA’s digital banking app and official website. Life… Read More

October 6, 2020 @ 2:43 pm By Samantha Hurst  |  

  U.S.-based B2B fintech Tipalti announced on Tuesday it secured $150 million through its Series E funding round, which was led by Durable Capital Partners with participation from Greenoaks Capital and participation from current investor 01 Advisors. The investment round reportedly brought the company’s valuation to… Read More

October 5, 2020 @ 11:55 pm By Omar Faridi  |  

Monica (Appelbe) Long, SVP of Marketing at American Fintech Ripple, says that we’re all in the midst of a global climate crisis—”one that is impossible to ignore.” Long confirms that efforts are being made by many countries to “avert the worst-case climate scenarios.” Organizations and… Read More

October 5, 2020 @ 11:09 am By Samantha Hurst  |  

Venmo announced on Monday the launch of its first-ever credit card. The new card, which is issued by Synchrony (NYSE: SYF) and powered by the Visa network, gives customers automatic cash back on every eligible purchase, a personalized rewards experience, and the ability to manage the… Read More

October 4, 2020 @ 4:04 pm By Omar Faridi  |  

Jodie Kelley, CEO of the Electronic Transactions Association (ETA), a major trade association for the global payments industry, representing more than 500 companies, has argued that the COVID-19 pandemic provides a strong impetus or reason to change how we interact and conduct transactions. Expressing views… Read More

October 4, 2020 @ 1:55 pm By Omar Faridi  |  

Bank of America or BoA (NYSE: BAC), one of the largest US banks in terms of total assets and scope of operations, has noted that the month of October is Cybersecurity Awareness Month. The BoA, which recently reported that around 97% of its transactions are… Read More

October 4, 2020 @ 11:50 am By Omar Faridi  |  

Propy, the US-Bulgarian blockchain-based platform for conducting real estate transactions, has reportedly received an investment from Tim Draper, the legendary venture capitalist who has launched and supported many successful businesses during his extensive career. Propy, which had conducted an initial coin offering (ICO) to raise… Read More