Tagged: united states

April 13, 2020 @ 7:46 am By Samantha Hurst  |  

Customers Bank (NYSE:CUBI) announced on Friday it has increased its Paycheck Protection Program commitment to $500 million by using digital banking OakNorth to help support American small and medium-sized businesses during the coronavirus (COVID-19) pandemic.  As previously reported, the Paycheck Protection Program is part of… Read More

April 12, 2020 @ 6:49 pm By Omar Faridi  |  

Fintech firms Intuit and PayPal have been approved by the Small Business Administration (SBA) to distribute funds, which are part of the US organization’s emergency lending and relief program. The funds are being given to businesses in order to help them sustain their operations, following… Read More

April 12, 2020 @ 10:59 am By Omar Faridi  |  

California-headquartered Wellpay, a Fintech service provider for the healthcare sector, recently revealed that it will be accelerating its planned public launch, in order to help individuals who may be burdened by huge medical bills due to the health and financial crisis created by COVID-19. The… Read More

April 11, 2020 @ 4:07 pm By Omar Faridi  |  

US-based Fintech firm Blackhawk Network, a global branded payments solution provider, has acquired all SVM divisions, which include SVM Cards, SVM Payments and SVM Global. Established in 1997, SVM is a multinational provider of various gift card packages for businesses. The firm’s clients reportedly include… Read More

April 11, 2020 @ 1:10 pm By Omar Faridi  |  

The US Internal Revenue Service (IRS) confirmed on April 10, 2020 that it would be providing a tool for eligible American citizens and residents who don’t normally submit tax return documents, so that they can get access to government Coronavirus (COVID-19)-related stimulus funds. Soon after… Read More

April 10, 2020 @ 9:02 pm By Samantha Hurst  |  

U.S. insurtech startup Kin Insurance announced earlier this week it has expanded its partnership with property data platform Cape Analytics to improve its online insurance experience with predictive property insights. Through the partnership, Cape Analytics is reportedly providing Kin with the most comprehensive, timely, and… Read More

April 10, 2020 @ 4:40 pm By Samantha Hurst  |  

Small business funding platform Biz2Credit announced on Friday its Biz2X platform is now being offered free of charge to banks and credit unions with assets under $10 billion that are offering CARES Act Paycheck Protection Program (PPP) loans. As previously reported, the Biz2X platform enables… Read More

April 10, 2020 @ 4:35 pm By Omar Faridi  |  

Fidelity Digital Assets, the cryptocurrency division of Fidelity, a multi-trillion dollar asset manager, is reportedly planning to expand its range of products and services. The firm’s decision to introduce new services has come at a time when it has been experiencing  a significant increase in… Read More

April 10, 2020 @ 8:50 am By Samantha Hurst  |  

MoonPay, a U.S. fintech company that builds develop tools for fiat-to-crypto connectivity, announced on Thursday it has appointed Nils Puhlmann as its new security advisor. According to his Linkedin profile, Puhlmann has held various positions in the cybersecurity industry, including being named Chief Trust and … Read More

April 9, 2020 @ 2:50 pm By Samantha Hurst  |  

UK-based challenger bank Monzo is reportedly set to shut down its customer support office in Las Vegas. As previously reported, the company announced the launch of the office in the summer of 2018. The customer support team was created to help Monzo scale its customer service… Read More

April 8, 2020 @ 11:36 am By Samantha Hurst  |  

Sila, a U.S.-based banking and payments API platform, announced on Wednesday it secured $7.7 million through its seed funding round, which was co-led by venture capital firms Madrona Venture Group and Oregon Venture Fund, with participation from Mucker Capital, 99 Tartans, Taavet Kinrikus, CEO & Co-founder of Transferwise, as… Read More

April 8, 2020 @ 11:25 am By Samantha Hurst  |  

Corvus Insurance, a U.S.-based insurtech startup, announced on Wednesday it is now providing cyber risk analysis and reports for hospitals, healthcare entities or any organization on the frontlines of the healthcare response to the COVID-19 pandemic. The company reported that The Corvus initiative, which is… Read More

April 8, 2020 @ 8:33 am By Omar Faridi  |  

A group of Chicago-headquartered digital asset trading platforms are planning to work cooperatively, in order to connect more closely with Open Finance, or decentralized finance (DeFi) initiatives. Volt Capital, Jump Trading, CMT Trading and DRW Trading have established the Chicago DeFi Alliance (CDA). As noted… Read More

April 7, 2020 @ 3:07 pm By Omar Faridi  |  

San Francisco-based crypto exchange Kraken has appointed industry lawyer Marco Santori as the company’s chief legal officer. Kraken’s management noted on April 6, 2020, that Santori would be using his experience working with regulatory authorities, financial institutions, payment service providers, broker-dealers, and several other industry… Read More

April 7, 2020 @ 11:31 am By Samantha Hurst  |  

Biz2Credit announced on Tuesday the release of its latest Business Lending Index revealed that small business approval rate plummeted in March 2020. According to the Index, The approval percentage for small business loan applications at big banks ($10 billion+ in assets) plummeted to just 15.4%… Read More

April 6, 2020 @ 12:31 pm By Omar Faridi  |  

Pennsylvania-headquartered Fintech KnowLedger has confirmed that it will facilitate the migration of financial data for family offices. KnowLedger was recently established by Ryan Kerry, the firm’s co-founder and CEO, after the acquisition of his previous company, Accusource to STP Investment Services. Kerry stated: “If you… Read More

April 6, 2020 @ 11:31 am By Samantha Hurst  |  

Marketplace lending company Funding Circle (LSE: FCH) announced on Friday it launched a pre-application system for small business owners interested in funds from the Paycheck Protection Program, which is offered by the U.S. Department of Treasury and Small Business Administration (SBA). Paycheck Protection Program (PPP)… Read More

April 6, 2020 @ 9:25 am By Samantha Hurst  |  

Online lending platform Lendio recently announced it has launched an application for small businesses to access the $349 billion in government funds set aside for the Paycheck Protection Program (PPP). Lendio reported that the Paycheck Protection Program is part of the $2 trillion CARES Act… Read More

April 5, 2020 @ 6:23 pm By Omar Faridi  |  

Chime, one of the largest US-based digital banking startups, is testing out a new way for its customers to instantly receive their $1,200 in federal stimulus checks. The neobank’s clients would be able to receive their cheques weeks before the American government plans to begin… Read More

April 5, 2020 @ 5:03 pm By Omar Faridi  |  

California-headquartered Stripe, a leading payments solution provider, has teamed up with Keap, a customer relations management (CRM) platform, in order to provide a better payment experience for customers. Keap confirmed that it has created an integration with Stripe to assist clients with improving their cash… Read More