Tagged: united states

February 4, 2020 @ 3:13 pm By Omar Faridi  |  

Dallas-based Texas Capital Bank has officially introduced Bask Bank, an online savings account that earns American Airlines AAdvantage miles, instead of accumulating interest. As mentioned on Bask’s website, the bank is a member of the Federal Deposit Insurance Corporation (FDIC), which means customers’ total deposits… Read More

February 3, 2020 @ 9:57 am By Omar Faridi  |  

US residents now have another zero-fee option to purchase Bitcoin (BTC) using the US dollar. On January 30, 2020, Tokyo-headquartered digital asset exchange bitFlyer introduced its commission-free service for the BTC/USD trading pair to its US-based clients. bitFlyer’s zero-fee feature is currently only being offered… Read More

February 1, 2020 @ 3:04 am By Omar Faridi  |  

California-based OneWest Bank, CIT’s Southern California branch network, revealed on January 31, 2020 that it has introduced a new mobile app for small businesses. The app offers a new platform to assist small business clients in meeting their financial goals and requirements. The OneWest Bank… Read More

January 30, 2020 @ 11:29 am By Samantha Hurst  |  

Private lending syndication platform CrowdOut Capital announced on Wednesday the completion of a term loan and a delayed draw growth facility to Wild Wing Cafe. The restaurant chain, originally from Hilton Head, South Carolina, owns and operates a successful restaurant franchise with 44 system-wide restaurants,… Read More

January 29, 2020 @ 1:56 pm By Samantha Hurst  |  

U.S.-based fintech Broadridge Financial Solutions announced on Wednesday of a new forecasting module within its revenue and expense management platform. According to Broadridge, the revenue and expense management solution tracks and calculates fees across a variety of complex workflows and helps asset managers and other financial services… Read More

January 29, 2020 @ 2:36 am By Omar Faridi  |  

Zelle, a peer-to-peer (P2P) payment platform, reportedly handled $187 billion worth of payments via 743 million transactions last year. This, according to the latest figures published by network operator Early Warning Services. Zelle’s year-over-year payment values have increased by approximately 57%, meanwhile, transaction volume surged… Read More

January 25, 2020 @ 9:58 am By Omar Faridi  |  

Brad Garlinghouse, CEO at privately-held Fintech firm Ripple, recently indicated that the San Francisco-based startup might launch an initial public offering (IPO) within the next year. While attending the World Economic Forum (WEF) in Davos, Switzerland, Garlinghouse reportedly told the Wall Street Journal (on January… Read More

January 24, 2020 @ 11:11 am By Omar Faridi  |  

The Digital Asset Human Capital Trends Report was recently commissioned by the Blockchain Association, an organization of active industry participants who promote efforts related to innovation and the collaboration needed to support US leadership of the crypto-assets sector. The companies included in the research sample… Read More

January 22, 2020 @ 7:28 am By Samantha Hurst  |  

U.S.-based fintech Broadridge Financial Solutions announced on Tuesday it is set to acquire FundsLibrary, a company focused on fund document and data dissemination in the European market, from its parent company Hargreaves Lansdown. Broadridge reported that by combining FundsLibrary’s capabilities with its existing regulatory communications… Read More

January 20, 2020 @ 11:20 am By Omar Faridi  |  

The global investments into China’s Fintech startup ecosystem have declined significantly by more than seven times at roughly $4.9 billion last year, after reaching an all-time high of $34 billion in 2018. The investments have dropped considerably for business-to-business (B2B) and business-to-consumer (B2C) Fintech firms… Read More

January 19, 2020 @ 7:58 am By Omar Faridi  |  

The challenger bank trend first began in Europe and has been gradually spreading to other parts of the world. Traditional banking challengers have been growing steadily and have managed to attract large investments. FT Partners’ new report, titled The Rise of Challenger Banks: Are the… Read More

January 17, 2020 @ 9:53 pm By Samantha Hurst  |  

Payment processing platform Klarna announced earlier this week it has formed a new partnership with point-of-sale software brand, Vend. According to Klarna, the collaboration gives customers of boutique retailers more flexible payment options in-store across the UK. The roll out will later follow in the… Read More

January 17, 2020 @ 4:43 pm By Samantha Hurst  |  

AvidXchange, a U.S. fintech that provides accounts payable and automated payment solutions to midsize businesses, announced on Friday it has raised $260 million in equity capital as part of the company’s latest financing round. With contributions from TPG Sixth Street Partners and other leading investors, this brings… Read More

January 15, 2020 @ 7:15 am By Samantha Hurst  |  

Nav, a business financial management app that helps small businesses find the best financing by giving them free access to business and personal credit reports from major commercial and consumer credit bureaus, announced on Tuesday it has appointed Greg Ott as its new CEO. The… Read More

January 14, 2020 @ 11:01 am By Samantha Hurst  |  

Payment processing platform Klarna has teamed up with Swedish multinational clothing-retail H&M to launch Pay Later options in the U.S. According to H&M, the payment solution in the U.S. enables a “frictionless” and flexible checkout for customers across all channels. Stefan Vos, CFO of H&M… Read More

January 13, 2020 @ 6:22 pm By Samantha Hurst  |  

Plaid, a U.S.-based fintech startup, announced on Monday it has been acquired by Visa. The companies both revealed that Visa will pay total purchase consideration of $5.3 billion through the acquisition. Founded in 2012, Plaid stated it is focused on enabling “innovation and democratizing” financial… Read More

January 10, 2020 @ 7:47 pm By Omar Faridi  |  

Traditional bank and Fintech collaboration and Open Banking are becoming quite common for financial institutions throughout the world that are planning to update their product offerings for small and medium-sized businesses (SMBs). India-based private lending institution SBM Bank recently teamed up with PayNearby to introduce… Read More

January 8, 2020 @ 8:58 am By Omar Faridi  |  

Chicago-headquartered Clearcover, a company focused on improving the way people acquire car insurance, has completed its third investment round. Clearcover revealed on January 3 that it had finalized a $50 million Series C round, which was led by OMERS Ventures. Existing investors American Family Ventures,… Read More

January 7, 2020 @ 9:03 am By Samantha Hurst  |  

HighRadius, a U.S.-based fintech enterprise Software-as-a-Service (SaaS) company specializing in integrated receivables, announced on Tuesday it secured $125 million through its Series B funding round, which was led by ICONIQ Capital with participation from existing investors Susquehanna Growth Equity and Citi Ventures. Founded in 2006, HighRadius claims… Read More

January 2, 2020 @ 10:05 pm By Samantha Hurst  |  

Nayax, a U.S.-based fintech that is developing solutions for the machine industry, has reportedly secured $60 million through its latest investment round. The funding notably brings the company’s valuation to $400 million. Founded in 2005, Nayax revealed its cashless payments, telemetry, management, and BI solutions… Read More