Tagged: united states

April 24, 2020 @ 1:07 am By Omar Faridi  |  

UK-based digital bank Monzo has been planning to enter the US market for a fairly long time. A beta launch in the US was announced in late 2019. The banking challenger, which has been valued at over $1 billion, has managed to almost double its… Read More

April 23, 2020 @ 2:41 pm By Samantha Hurst  |  

Payments platform Stripe announced on Thursday its Stripe Issuing, which is an API that allows users to create and control virtual and physical cards, is now open to all U.S. businesses. According to Stripe, Stripe Issuing was created to help businesses manage how funds get spent…. Read More

April 23, 2020 @ 7:38 am By Omar Faridi  |  

gohenry, the provider of a debit card and Fintech app with special parental controls for children between the ages of 6-18, has now surpassed the one million customer milestone. As noted in a release shared with Crowdfund Insider: “Following years of accelerated growth since its… Read More

April 22, 2020 @ 2:46 pm By Samantha Hurst  |  

Citizens Bank of Edmond announced on Wednesday it has teamed up with MX, a bank, credit union, fintech digital platform to launch a new Paycheck Protection Program (PPP) loan portal for the bank’s small business customers. According to Jill Castilla, President and CEO of Citizens Bank… Read More

April 22, 2020 @ 8:50 am By Samantha Hurst  |  

HouseCanary, a U.S.-based fintech firm focused on providing a real estate analytics solution, announced on Wednesday it has reviewed 41 states with the highest listing and transaction volume in the weeks since the COVID-19 pandemic hit the U.S. economy. According to HouseCanary, potential homebuyers were… Read More

April 21, 2020 @ 11:09 am By Samantha Hurst  |  

RiverNorth Marketplace Lending Corporation, an established and currently operating as a closed-end interval fund dedicated to the marketplace lending asset class, announced last week it is restructuring to expand the fund’s investment mandate, the Board of Directors of the Fund (the “Board”) has approved changes… Read More

April 20, 2020 @ 3:46 pm By Samantha Hurst  |  

Branch, a U.S.-based insurtech startup, announced on Monday it is set to give back 15% of monthly insurance premiums to its auto policyholders in response to the COVID-19 pandemic. According to Branch, the compassionate initiative recognizes clients’ reduced driving due to shelter in place orders… Read More

April 20, 2020 @ 8:48 am By Samantha Hurst  |  

BillGO, a U.S.-based bill pay and real-time payment systems provider, announced on Monday it has launched a bill pay relief hub specifically for Americans who are impacted by the COVID-19 pandemic. According to BillGO, the payment relief can come in a variety of forms, including:… Read More

April 18, 2020 @ 6:51 pm By Omar Faridi  |  

Cryptocurrency firm Purse.io, which allowed users to purchase items via Amazon at reduced or special rates using Bitcoin (BTC) and Bitcoin Cash (BCH), is reportedly planning to close down its operations. The San Francisco-based company confirmed on April 16, 2020 that it will shut down… Read More

April 17, 2020 @ 6:49 pm By Samantha Hurst  |  

U.S.-based blockchain platform AVA announced on Friday it has launched its first of two planned public testnet releases. According to AVA, the first release allows participants to connect to a  global network of validators and participate in high-velocity transactions. Founded in 2018, AVA describes itself… Read More

April 17, 2020 @ 2:08 pm By Omar Faridi  |  

San Francisco-headquartered Varo Money, an established mobile banking service provider, is reportedly planning to accommodate the former clients of digital bank Moven, which recently closed down its direct-to-consumer product offering. In March 2020, Moven’s management had reported that it experienced funding challenges due to the… Read More

April 17, 2020 @ 10:37 am By Samantha Hurst  |  

Online lending platform Lendio announced on Friday it facilitated more than 50,000 small businesses across the U.S. through the Paycheck Protection Program (PPP). Lendio reported that PPP applications approved through its online marketplace and bank partnerships total more than $5.5 billion. As previously reported, the… Read More

April 17, 2020 @ 8:40 am By Omar Faridi  |  

US Fintech firm Robinhood is reportedly getting ready to finalize its investment round worth an estimated $200-$250 million. Following the successful completion of this round, the Menlo Park-based brokerage firm would be valued at roughly $8 billion, according to recent reports. Sources familiar with the… Read More

April 16, 2020 @ 8:39 am By Samantha Hurst  |  

OpenInvest, a U.S.-based investing platform, announced on Thursday it secured $10.5 million through its Series A1 funding round, which was led by QED Investors with participation from SystemIQ, Resolute Investment Managers,and ABN AMRO Ventures. The latest found of funding comes less than two years after… Read More

April 15, 2020 @ 12:42 pm By Samantha Hurst  |  

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, announced on Wednesday it has received approval to issue Paycheck Protection Program (PPP) loans through its online lending platform. As previously reported, the PPP is part of… Read More

April 15, 2020 @ 8:39 am By Omar Faridi  |  

Silicon Valley-based venture capital firm Andreessen Horowitz (a16z) is planning to secure $450 million in capital for its second digital asset-focused fund, according to a recent report from the Financial Times (FT). Sources familiar with the matter told the FT that the giant VC firm… Read More

April 14, 2020 @ 3:42 pm By Samantha Hurst  |  

Ternio, a U.S.-based blockchain firm, announced on Tuesday the introduction of the rewards program on BlockCard. According to Ternio, BlockCard users will be entitled to earn 6.38% back in cryptocurrency on all BlockCard purchases. As previously reported, BlockCard is a debit card that enables the… Read More

April 14, 2020 @ 8:52 am By Samantha Hurst  |  

Cerebro Capital, a U.S.-based digital commercial loan marketplace, announced on Tuesday it received additional venture capital funding through its latest investment round, which was co-led by Ulu Ventures and Grotech Ventures with participation from Sterling Partners, Inner Loop Capital, and Point Field Partners. Launched in 2017, Cerebro describes itself as… Read More

April 14, 2020 @ 8:16 am By Omar Faridi  |  

New York-based BitOoda, a digital asset and Fintech firm, recently published its cryptocurrency market regulatory analysis report. Governments throughout the world are struggling to deal with the devastating economic consequences of the deadly Coronavirus (COVID-19) pandemic. The BitOoda team reveals: “We’ve noted an uptick in… Read More

April 13, 2020 @ 2:12 pm By Samantha Hurst  |  

Just weeks after Binance listed Tezos (XTZ) on its U.S.-based division Binance.US, the cryptocurrency exchange announced Binance.US will be launching staking rewards for Tezos on Thursday, April 16th.  As previously reported, Binance.US is supporting trading for the XTZ/USD and XTZ/Binance USD (BUSD) trading pairs and… Read More