Tagged: united states

May 5, 2020 @ 9:30 pm By Samantha Hurst  |  

 First Dollar, a U.S.-based health care savings platform, announced on Tuesday it secured $5 million through its seed funding round, which was led by Next Coast Ventures with participation from Meridian Street Capital, former athenahealth CEO Jonathan Bush, Everlywell CEO Julia Cheek, Bright Health CTO… Read More

May 4, 2020 @ 9:33 pm By Omar Faridi  |  

The Coronavirus (COVID-19) outbreak has made it quite difficult for the United States Congress to conduct meetings and deliberate. Lawmakers have offered suggestions regarding how to keep things going during the ongoing crisis. As mentioned in a Senate memo posted on April 30, 2020, blockchain-based… Read More

May 4, 2020 @ 7:04 pm By Omar Faridi  |  

  SS&C, a multinational provider of investment and financial services and software for the financial services and healthcare sectors, will be acquiring Innovest Systems, a wealth management technology (Wealthtech) firm, for $120 million in cash and stock. New York-headquartered Innovest Systems offers cloud-powered technology for… Read More

May 4, 2020 @ 3:05 pm By Samantha Hurst  |  

U.S. fintech Robinhood announced on Monday it secured $280 million through its Series F funding round, which was led by Sequoia Capital with participation from existing and new investors, including NEA, Ribbit Capital, 9Yards Capital, and Unusual Ventures. Founded in 2013, Robinhood stated it is… Read More

May 4, 2020 @ 9:26 am By Samantha Hurst  |  

  Branch, a U.S.-based insurtech startup, announced on Monday it has launched in Texas. The launch notably marks the company’s fifth expansion since launching in August 2019. As previously reported, Branch “taps” into the power of community to make insurance accessible and affordable for everyone,… Read More

May 4, 2020 @ 7:35 am By Omar Faridi  |  

Mobile and online banking users have increased significantly due to the COVID-19 pandemic. This, as banks across the globe have taken measures to limit or restrict in-person visits to physical branches, in order to prevent the further spread of the Coronavirus. A recent J.D. Power… Read More

May 3, 2020 @ 8:40 am By Omar Faridi  |  

The Coronavirus (COVID-19) outbreak has dramatically affected cash transactions in the United Kingdom, as ATM withdrawals dropped by 60% during the lockdown period. Approximately 75% of UK residents confirmed that they’re not handling physical currency notes nearly as much as they were before the ongoing… Read More

May 2, 2020 @ 12:58 pm By Omar Faridi  |  

Digital bank Monzo has made more personnel changes, as it continues to strengthen its executive team. Sujata Bhatia, a former SVP and general manager, Europe at Global Merchant Services at American Express, will be serving as Monzo’s new chief operating officer. Bhatia will be replacing… Read More

May 1, 2020 @ 8:17 pm By Samantha Hurst  |  

Wise, a U.S.-based fintech, announced this week it secured $5.7 million through its latest seed funding round, which was led by Base10 Partners’ Principal, Rexhi Dollaku, with participation from Abstract Ventures, Backend Capital, The Fund, Two Culture Capital, and notable angels such as Michael Vaughan,… Read More

May 1, 2020 @ 7:37 pm By Omar Faridi  |  

We recently caught up with Morgan Bierschenk, the founder and CEO at Geoship, a Washington-based regenerative village building platform, “owned by the people, in service to the Earth.” Geoship aims to transform the housing industry by “building the future of home.” The company designs and… Read More

April 30, 2020 @ 7:00 pm By Omar Faridi  |  

US-based Stash, the developer of a micro-investment mobile app, has acquired $112 million in capital through a Series F funding round that was led by LendingTree. Several other companies took part in Stash’s latest round, including Breyer Capital, Goodwater Capital, Greenspring Associates, Union Square Ventures… Read More

April 30, 2020 @ 8:49 am By Samantha Hurst  |  

FIS (NYSE: FIS), a financial services technology firm, announced on Thursday it has joined forces with neobanking group Bambu to power a new digital solution for the U.S. unbanked and underbanked. According to FIS, Bambu has created the solution to provide banking for underbanked Hispanics… Read More

April 29, 2020 @ 2:56 pm By Omar Faridi  |  

The Financial Venture Studio (FVS), a venture capital firm that invests in US-based seed-stage Fintech companies, revealed on April 28, 2020 that it has selected six financial tech startups which will take part in its six-month, non-residential program. The program aims to assist the Fintech… Read More

April 29, 2020 @ 7:40 am By Omar Faridi  |  

The US Department of Transportation recently revealed its plans to use blockchain or distributed ledger technology (DLT) when working with drones. The agency, which is a federal Cabinet department of the US government concerned with transportation (established by an act of Congress on October 15,… Read More

April 28, 2020 @ 10:07 pm By Omar Faridi  |  

FTX, a digital assets derivatives exchange that primarily caters to Asian traders and investors, will be introducing a spot exchange in the US markets. Sam Bankman-Fried, CEO at FTX, noted that the company’s US-based trading platform is presently in its beta testing phase. The spot… Read More

April 28, 2020 @ 10:28 am By Samantha Hurst  |  

DASH Regulatory Technologies, a regtech-focused affiliate of capital markets technology and execution services provider DASH Financial Technologies, announced on Tuesday the launch of DASH 360R, the next-generation of its industry-leading LDB platform for U.S. regulatory capital calculation and reporting compliance.  DASH revealed that with the… Read More

April 27, 2020 @ 11:15 am By Samantha Hurst  |  

Fintech unicorn SoFi announced on Monday it has helped funnel more than $75 million in loan applications to lenders for the Paycheck Protection Program (PPP) established by the CARES Act, through its extensive network of lenders and Lantern, the product comparison site operated by SoFi…. Read More

April 26, 2020 @ 10:40 pm By Samantha Hurst  |  

Credibly, a small and medium-sized business lending platform, announced on Friday it has been named an Approved Lender for the Paycheck Protection Program (PPP). As previously reported the U.S. Senate passed $484 billion in new pandemic relief funds to provide additional funding to the PPP… Read More

April 26, 2020 @ 10:38 pm By Omar Faridi  |  

California-based Dole Food Company, an agricultural multinational corporation, has introduced a five-year plan to integrate blockchain or distributed ledger technology (DLT) for managing supply chain processes. Dole Food Company is the largest producer of fruits and vegetables in the world. The agribusiness company generated over… Read More

April 26, 2020 @ 9:23 am By Omar Faridi  |  

San Francisco-based AppsFlyer, a software-as-a-service (SaaS) mobile marketing analytics and attribution platform, reports a 22% increase in in-app purchases during the past two weeks. This, as US residents have begun to rely even more on their mobile devices while being stuck at home due to… Read More