Tagged: united states

June 11, 2020 @ 3:09 pm By Samantha Hurst  |  

Global blockchain payments provider BitPay announced on Thursday it has launched the BitPay Card, which is claimed to be the first  Mastercard Prepaid card for crypto users in the U.S. According to BitPay, the BitPay Card enables customers to instantly convert cryptocurrency into fiat currency,… Read More

June 10, 2020 @ 4:20 pm By Samantha Hurst  |  

Planck, a U.S.-based AI data platform for commercial insurance, announced on Wednesday it raised $16 million through its Series B Funding Round. With its $12 million Series A, the company has raised a total of $28 million. Founded in 2016, Planck claims to be the… Read More

June 10, 2020 @ 10:39 am By Samantha Hurst  |  

MPOWER Financing, a U.S.-based fintech platform for educational loans to international and DACA students, announced on Tuesday it secured $9 million through its latest investment round. Founded in 2014, MPOWER Financing uses cross-border digital lending platform, big data, and global infrastructure to finance the millions… Read More

June 10, 2020 @ 7:28 am By Samantha Hurst  |  

NYMBUS, a U.S. financial service platform provider, announced on Tuesday it secured $12 million through its latest investment round, which was led by Insight Partners and Vensure Enterprises. NYMBUS claims it provides the world’s most advanced revenue and technology solutions for today’s financial institutions. Its… Read More

June 9, 2020 @ 9:45 pm By Omar Faridi  |  

The global COVID-19 crisis has limited the ability of consumers to visit physical bank branch locations to take care of their banking needs or requirements. Customer service departments at banks have seen a dramatic increase in calls from clients who may have many questions and… Read More

June 9, 2020 @ 4:02 pm By Samantha Hurst  |  

Cross River, a bank that delivers advanced financial and compliance products/services to the fintech industry, announced on Tuesday it has approved more than $4.7 billion in loans to small businesses across the U.S. through both rounds of the Small Business Administration’s (SBA) Paycheck Protection Program… Read More

June 9, 2020 @ 7:14 am By Omar Faridi  |  

Republic Capital Group, a company focused on offering investment banking services to the registered investment advisors (RIAs), asset and wealth management communities, will reportedly make a strategic investment in Creativemass, a US and Australia based financial services software firm. Creativemass provides wealth management solutions via… Read More

June 8, 2020 @ 10:20 pm By Samantha Hurst  |  

Jooycar, a Chilean insurtech that is seeking to disrupt the auto insurance and telematics space in Latin America, has reportedly secured $700,000 through HCS Capital as it plans to continue expansion to the U.S. efforts. The company announced its U.S. expansion plans back in December… Read More

June 8, 2020 @ 3:52 pm By Omar Faridi  |  

Digital asset exchange Coinbase confirms that it experienced an outage on June 1, 2020, that reportedly affected the operations of Coinbase.com (mainly for regular or retail traders), Coinbase Pro for professional or institutional traders, and it also impacted the exchange’s mobile applications. Not all cryptocurrency… Read More

June 8, 2020 @ 9:43 am By Samantha Hurst  |  

Payment processing platform Klarna announced on Monday it has reached a record 7.85 million U.S. customers. The company reported the milestone is driven by apparel, beauty, and footwear brands partnering with its platform to offer their customers flexible buy now, pay later options. Klarna offers a… Read More

June 7, 2020 @ 6:58 pm By Omar Faridi  |  

Stuart Sopp, founder and CEO at digital bank Current, says that the COVID-19 outbreak has shown how his company serves employees whose roles are considered essential during the global pandemic. Sopp told Banking Dive that his members’ addressable market has increased considerably in size and… Read More

June 6, 2020 @ 3:01 pm By Omar Faridi  |  

Investments in UK based Fintech businesses surged by 500% during the past five years, and has surpassed funding levels in the US, which also experienced a significant 170% growth during the same period. Meanwhile, Europe saw a 133% increase in total financial technology investments. UK… Read More

June 5, 2020 @ 12:00 pm By Omar Faridi  |  

First Foundation Inc. (NASDAQ: FFWM), a company that provides banking, real estate financing, wealth management and trust services, has announced that it’s expanding its digital bank. First Foundation confirmed that it will work with Digital Onboarding (the company) as its “go-to digital client engagement and… Read More

June 4, 2020 @ 2:09 pm By Omar Faridi  |  

The New York Department of Financial Services (NYDFS) has reportedly become the first state regulator to commit to a Fintech Memorandum of Understanding (MOU) with the French Prudential Supervision and Resolution Authority, an independent administrative authority, which oversees the activities of banking institutions and insurance… Read More

June 3, 2020 @ 3:27 pm By Samantha Hurst  |  

Insurtech startup Hippo Insurance announced on Wednesday it is set to acquire Spinnaker Insurance Company, a national property and casualty insurer. Hippo reported it has partnered with Spinnaker as its largest carrier platform since 2017, with Spinnaker-backed Hippo products currently available to consumers in nearly… Read More

June 3, 2020 @ 2:37 pm By Samantha Hurst  |  

Lili, a U.S.-based mobile banking app specifically for freelancers, announced on Wednesday it secured $10 million through its seed funding round, which was led by Group 11 with participation from Foundation Capital, AltaIR Capital, Primary Venture Partners, and Torch Capital. Founded in 2018, Lili reported… Read More

June 1, 2020 @ 4:29 pm By Samantha Hurst  |  

HSBC recently announced it has teamed up with Equbot and IBM Watson to launch the artificial intelligence (AI)-Powered US Equity Index (AiPEX) family. The financial giant claims that the index is a market’s first in using AI as a method for equity investing. According to… Read More

May 31, 2020 @ 10:45 pm By Omar Faridi  |  

San Francisco-based crypto exchange Coinbase has confirmed that on June 8, 2020, it will begin taking inbound transfers of Maker (MKR) to Coinbase Pro, the platform for professional digital asset traders. The exchange operator said that users may start trading MKR via Coinbase “on or… Read More

May 31, 2020 @ 10:24 pm By Omar Faridi  |  

Global analytics software firm FICO reports that Malaysian consumers are more comfortable with using their mobile devices to open and manage bank accounts when compared to US and Canadian residents. FICO’s Consumer Digital Banking Survey reveals that 23% of Malaysians would rather open a bank… Read More

May 31, 2020 @ 2:13 pm By Omar Faridi  |  

Vesta, a fraud protection and electronics payments firm based in Lake Oswego, has reportedly sold its majority stake in its business to Goldfinch Partners for $125 million. Seattle-based Goldfinch Partners is a private equity firm established in 2018. Before this recent transaction, Vesta’s ownership was… Read More