Tagged: united states

July 23, 2020 @ 9:11 pm By Samantha Hurst  |  

Branch, a U.S.-based insurtech startup, announced on Wednesday it secured $24 million through its Series A funding round, which was co-led by Greycroft and HSCM Bermuda with participation from American Family Ventures and Revolution’s Rise of the Rest Seed Fund. Founded in 2018, Branch claims… Read More

July 22, 2020 @ 11:36 pm By Omar Faridi  |  

The US Federal Reserve has confirmed on multiple occasions that it has no immediate or concrete plans to introduce its own digital currency. However, Robert Bench, the Assistant VP working in the secure payments group at the Federal Reserve Bank of Boston, said that the… Read More

July 21, 2020 @ 8:49 pm By Omar Faridi  |  

Policybazaar, a digital insurance platform, is reportedly planning to conduct an initial public offering (IPO) next year at a valuation of more than $3.5 billion. If it’s successful, then it might potentially become the first of India’s major startups to carry out such a large… Read More

July 21, 2020 @ 12:02 pm By Samantha Hurst  |  

  U.S. insurtech startup Hippo Insurance announced on Tuesday it secured $150 million through its Series E funding round and bought its total funding to $359 million, valuing its business at $1.5 billion post-financing. Founded in 2015, Hippo describes itself as a home insurance company… Read More

July 21, 2020 @ 10:47 am By Samantha Hurst  |  

Xinja Bank, an Australia-based neobank, announced on Tuesday plans to launch a U.S. share platform for Australian investors, Dabble. According to Xinja, Dabble will sit alongside the neobank’s bank account and savings account Stash. It will provide quick and easy access to US shares, many… Read More

July 20, 2020 @ 12:32 pm By Samantha Hurst  |  

Bond, a U.S.-based fintech startup, recently announced it secured $32 million through its Series A funding round, which was led by Coatue with new investors Goldman Sachs, Mastercard and B Capital. Founded in 2019, Bond states it is giving brands and banks the ability to… Read More

July 20, 2020 @ 11:08 am By Samantha Hurst  |  

Privacy.com, a virtual card platform that provides secure payments for businesses and consumers, announced on Monday it secured $10.2 million through its Series A funding round, which was led by Teamworthy Ventures with participation from Tusk Venture Partners, Index Ventures, Quiet Capital, Exor Seeds and Rainfall Ventures…. Read More

July 19, 2020 @ 6:08 pm By Omar Faridi  |  

San Francisco-based crypto exchange Coinbase announced on July 16, 2020, that it will support Algorand (ALGO) at Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers will be able to purchase, sell, convert, send, receive, or store ALGO. The digital asset exchange confirmed… Read More

July 19, 2020 @ 1:17 pm By Omar Faridi  |  

Lucinity, an AML software developer established by a compliance professional who previously worked at Citigroup, has acquired $6.1 million in capital. Meanwhile, Regtech company Hummingbird, which is also an anti-money laundering software developer, has finalized an $8.2 million Series A investment round. Lucinity’s recent round… Read More

July 18, 2020 @ 9:55 am By Omar Faridi  |  

Banking challenger Branch, a service provider that teams up with employers to assist workers with growing financially, recently revealed key findings from its second annual Branch Report. The digital challenger’s report looks at the financial, work, and lifestyle interests of hourly workers. As noted in… Read More

July 17, 2020 @ 8:59 am By Omar Faridi  |  

The Financial Action Task Force (FATF), an intergovernmental organization that develops policies to combat money laundering and terrorism financing, recently concluded its year long review of its Travel Rule standards for virtual asset service providers (VASPs). The FATF confirmed that it will be extending its… Read More

July 16, 2020 @ 9:35 pm By Omar Faridi  |  

The US Department of Energy (DOE) has reportedly awarded over $1 million to InfoBeyond Technology LLC, a software development company. The DOE funded initiative, called “Gridchain: An Auditable Blockchain for Smart Grid Data Integrity and Immutability,” was awarded the grant money during the recent selection… Read More

July 15, 2020 @ 2:25 pm By Samantha Hurst  |  

Digital bank Revolut announced on Wednesday that Revolut U.S. has officially made its debut. According to Revolut, U.S. customers are now able to buy, hold, and exchange Bitcoin as well as Ethereum. Users may also automatically round-up their spare change from their Revolut card into… Read More

July 15, 2020 @ 12:57 pm By Samantha Hurst  |  

Bond Financial, a U.S. fintech platform, announced on Wednesday it secured $32 million through its Series A funding round, which was led by Coatue with participation from existing seed investor Canaan and new strategic investors Goldman Sachs and Mastercard.  Founded in 2019, Bond states its on… Read More

July 14, 2020 @ 10:03 pm By Omar Faridi  |  

NYMBUS, a core banking modernization firm, has teamed up with digital payments company Payrailz in order to enhance its cloud-powered “Smart Ecosystem” of digital-first banking products and services. NYMBUS aims to serve as an effective alternative to the legacy business model. The company plans to… Read More

July 14, 2020 @ 11:44 am By Samantha Hurst  |  

Afterpay, a digital platform that offers interest-free installment plans for online purchases, announced on Tuesday it will be offering  “Buy Now, Pay Later” (BNPL) payments for physical retail stores in the U.S. market to shoppers paying with Google Pay. Afterpay reported that under this new… Read More

July 14, 2020 @ 9:10 am By Samantha Hurst  |  

Bbot Inc., a restaurant and hospitality tech startup dedicated to simplifying and improving the ordering and payments process, today announced a $3 million seed funding round led by Craft Ventures, an early-stage venture fund headquartered in San Francisco. Founded in 2017, Bbot states it offers… Read More

July 13, 2020 @ 9:58 pm By Omar Faridi  |  

The US Secret Service, a federal law enforcement agency operating under the Department of Homeland Security and responsible for conducting criminal investigations and protecting the country’s leaders and their family members, has established the Cyber Fraud Task Force (CFTF). The CFTF has been formed after… Read More

July 13, 2020 @ 9:34 pm By Omar Faridi  |  

Over half or 50% of companies that applied for, and received funding via the US government’s Paycheck Protection Program were financial services providers or companies focused on related technology developments. As reported recently, Fintech firms managed to acquire significant amounts of funding from the PPP… Read More

July 13, 2020 @ 2:25 pm By Samantha Hurst  |  

U.S. fintech Robinhood has reportedly secured an additional $320 million in funding through its Series F investment round. Robinhood previously announced it raised $280 million through the round, which was led by Sequoia Capital.  Founded in 2013, Robinhood is on a mission is to democratize… Read More