Tagged: united states

June 26, 2020 @ 9:18 pm By Omar Faridi  |  

Randy Rivera, Executive Director of FinTEx, a member-led community focused on promoting innovation and collaboration within Fintech in Qatar and the MENA region, has said that his organization continues to work with international financial services industry participants. During a June 23, 2020 virtual panel discussion… Read More

June 26, 2020 @ 7:08 pm By Omar Faridi  |  

San Francisco-based Karat, a company founded by an Instagram alum and backed by the co-founder of Twitch, is reportedly planning to offer a new credit card for upscale clients who are focused on creating digital content. The Silicon Valley firm’s management attended the recent Y-Combinator… Read More

June 26, 2020 @ 8:00 am By Samantha Hurst  |  

BBVA USA announced earlier this week it has launched its new mobile banking app, Mobile 9.0, as well as expanded transaction details screen in mobile and online banking. According to BBVA USA, the two services “embrace” technology as the means to a better end for… Read More

June 25, 2020 @ 1:26 pm By Samantha Hurst  |  

FinMason, a U.S.-based fintech and investment analytics provider that enables WealthTech platforms to accelerate development and time-to-market, announced on Thursday it has launched the second phase of its fixed income analytics offering, municipal bond analytics, for the retail wealth management and asset management communities. FinMason… Read More

June 25, 2020 @ 8:01 am By Samantha Hurst  |  

Paysafe Group, a global payments provider, announced on Thursday it has appointed Afshin Yazdian as CEO of its newly formed U.S. Acquiring division. According to Paysafe, Yazdian will for bringing to life Paysafe’s vision of being the U.S.’s leading payments solutions provider. Paysafe reported that… Read More

June 24, 2020 @ 11:02 pm By Omar Faridi  |  

Business software provider ScaleFactor is reportedly shutting down, after securing $100 million in capital during the past year from major investors including Bessemer Venture Partners and Coatue Management. In March 2020, the financial services company began experiencing challenges due to the global COVID-19 outbreak, which… Read More

June 23, 2020 @ 9:12 pm By Omar Faridi  |  

Oakland, California based Fintech firm Even aims to improve the financial wellbeing of workers and also wants to help people become better money managers. PayPal Ventures, Valar Ventures, Founders Fund, and Marc Benioff have recently made investments in Even. Even claims it’s the only Fintech… Read More

June 23, 2020 @ 3:35 pm By Samantha Hurst  |  

Signature Bank (Nasdaq: SBNY), a U.S.-based full-service commercial bank, announced on Tuesday the launch and integration of the full functionality of its proprietary, blockchain-based digital payments platform, Signet, with Fireblocks, an enterprise-grade platform delivering a secure infrastructure for moving, storing and issuing digital assets. Effective immediately, Signature… Read More

June 22, 2020 @ 10:23 am By Samantha Hurst  |  

U.S, fintech Maverick Payments announced on Monday the launch of its new fully custom payment gateway. According to Maverick Payments, the gateway was designed to provide an all-in-one integration and user experience for businesses with added layers of control and security. “The gateway completes a… Read More

June 22, 2020 @ 9:00 am By Omar Faridi  |  

Cred, a global blockchain-enabled financial services platform serving clients in around 190 countries, has hired Daniel Goldstein as its new CTO. Bethany De Lude has also joined Cred. She’ll be taking over the company’s security operations as Chief Information Security Officer (CISO). As mentioned in… Read More

June 18, 2020 @ 10:25 pm By Samantha Hurst  |  

Global financial service platform Kabbage announced on Thursday it will now and always recognize Juneteeth as a company holiday. Juneteeth is an official American holiday and an official Texas state holiday that celebrates annually on the 19th of June to commemorate Union army general, Gordon… Read More

June 18, 2020 @ 9:48 pm By Samantha Hurst  |  

Ernst & Young LLP (EY US) announced on Thursday the launch of EY CryptoPrep, a cryptocurrency application that assists with US tax filings. According to EY, this new Software as a Service (SaaS), web-based product is a fully automated, enterprise-grade crypto tax engine offering step-by-step… Read More

June 18, 2020 @ 9:19 pm By Omar Faridi  |  

Jason “Parabolic” Williams, general partner at Morgan Creek Digital and founder of FastMed Urgent Care, recently revealed that he has made over $200,000 in interest alone after depositing $2.5 million in Gemini USD (a “scalable” stablecoin that has 1:1 “transferability” with the US dollar) on… Read More

June 17, 2020 @ 11:12 am By Samantha Hurst  |  

  Global financial service platform Kabbage announced on Tuesday it has expanded its Paycheck Protection Program (PPP) with a customized application for drivers and delivery people who use Uber in the U.S. The Paycheck Protection Program is part of the $2 trillion Coronavirus Aid, Relief,… Read More

June 16, 2020 @ 10:45 pm By Omar Faridi  |  

Dovly, a consumer-focused credit improvement firm, has reportedly acquired $2 million in seed funding. The US-based Fintech firm’s round was led by VC firm NFX, which helps companies expand their operations by leveraging network effects and strategic marketplaces. The capital acquired will be used to… Read More

June 14, 2020 @ 10:08 pm By Omar Faridi  |  

San Francisco-based Fintech firm SynapseFI has reportedly cut down the number of employees on its payroll. The company is also planning to expand its operations in Texas in order to diversify its business strategy and survive the COVID-19 crisis. Synapse offers several back-office financial products… Read More

June 13, 2020 @ 3:47 pm By Omar Faridi  |  

Rex Salisbury, partner on the Fintech team at VC firm Andreessen Horowitz (A16Z) and founder of Cambrian, a community at the “white-hot center” of Fintech, reveals that partner banks have “exploded” in recent years. Salisbury confirmed that today, there are over 30 partner banks, which… Read More

June 12, 2020 @ 2:45 pm By Omar Faridi  |  

  The London Stock Exchange Group (LSEG) and Global Accelerated Ventures (GAV) recently introduced a post-COVID-19 fundraising program that aims to assist Fintech and Healthtech firms that might need additional capital to support their growth and development after the pandemic has passed. The 24-month program… Read More

June 11, 2020 @ 9:24 pm By Samantha Hurst  |  

Codat, a UK-based technology company that connects the internal systems of small businesses to banks, fintechs, and other financial institutions, announced on Thursday it secured $10 million in venture funding. The funding comes from international venture firm Index Ventures, the backer of Adyen, Plaid, and… Read More

June 11, 2020 @ 9:13 pm By Samantha Hurst  |  

PayPal (NASDAQ: PYPL) announced on Thursday it has made a $530 million commitment to support Black and minority-owned businesses and communities in the U.S., especially those hardest hit by the pandemic, to help address economic inequality. PayPal reported as part of its investment, it is… Read More