Tagged: united states

U.S. Fintech Possible Secures $11 Million Through Series B Funding Round Led By Union Square Ventures

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  Possible, a U.S.-based fintech startup, announced on Tuesday it secured $11 million through its Series B funding round, which was led by Union Square Ventures with participation from existing investors Canvas Ventures, Unlock Venture Partners, Columbia Pacific Advisors, Union Bay Partners, Tom Williams, and FJ… Read More

U.S. Fintech FirstClose Launches Digital Lending Platform

U.S.-based fintech FirstClose announced on Tuesday it has officially launched its digital lending platform (DLP), FirstClose ONE. According to FirstClose, FirstClose One is a home equity and refi tool that offers everything from application to servicing (credit score, valuation, title, tax, flood, closing, and recording)… Read More

U.S. Insurtech SageSure Unveils New Line of Small Commercial Insurance Products Specifically for Coastal Businesses

SageSure, a U.S.-based homeowner insurtech, recently announced the launch of its new line of commercial insurance products specifically for coastal businesses. Founded in 2005, SageSure describes itself as an innovation-focused insurance and technology company specializing in underserved property markets. “As the leading homeowners insurtech organization… Read More

Integrated Payment & Commerce Solutions Provider Paya Lists on Nasdaq

Paya,  a U.S.-based integrated payment and commerce solutions provider, announced on Friday it is set to make its debut on Nasdaq this Monday (October 19th). Paya reported its common stock will begin trading on the Nasdaq Stock Market under the ticker symbol “PAYA.” Paya claims… Read More

Coinbase Custody, a Qualified Custodian, Is Considering Adding Support for More Digital Assets

Coinbase Custody, a qualified custodian that operates as a standalone, independently-capitalized business to Coinbase Inc., is considering adding support for new crypto-assets. Coinbase Custody notes that it focuses on offering a “highly” secure and “sophisticated” storage solution for institutional investors and individuals that hold large… Read More

U.S. Insurtech Pie Insurance Exceeds $100 million in Cumulative Written Premium & Surpassed $100 million in Annualized Run Rate Premium

  U.S.-based insurtech startup Pie Insurance recently announced it has exceeded $100 million in cumulative written premium and surpassed $100 million in annualized run rate premium. As previously reported, Pie describes itself as a fast-growing insurtech startup that offers workers’ compensation insurance directly to small businesses. The company revealed it… Read More

Digital Banking Group Varo Bank Introduces Instant Advance Feature Up to $100 to Qualifying Customers

Digital banking group Varo Bank announced on Friday the launch of Varo Advice, which is a new product that instantly advances up to $100 to qualifying customers. “Designed to help customers proactively manage their finances, Varo Advance offers instant access to up to $100 cash right in… Read More

Coinbase Pro will be Adding Wrapped Bitcoin (WBTC) as New Crypto Trading Option

San Francisco-based crypto exchange Coinbase is launching Wrapped Bitcoin (WBTC) on Coinbase Pro, the digital asset trading platform for professional traders. WBTC trading will not be available to Coinbase.com users or via other mobile app platforms (for now at least). As confirmed by the exchange,… Read More

Meltem Demirors: CSO at CoinShares Says Cryptocurrency Is “Inevitable” and We Might See Many Bad Policies from Lawmakers

  We recently spoke to Meltem Demirors, the Chief Strategy Officer at CoinShares, a digital asset treasury management firm that manages over $1 billion in assets. Demirors talked about how financial markets reacted after US President Donald Trump tested positive for COVID-19. She also discussed… Read More

U.S. Digital Banking Platform Greenwood Sees More Than 100,000 Sign-Ups Just Days After Debut

Greenwood, a U.S. digital banking platform, announced on Thursday it saw 100,000 sign-ups during the first week of its launch. Founded earlier this year, Greenwood describes itself as a mobile banking platform for Black and Latinx people and business owners. The startup claims to feature… Read More

Cost of Fraud for Financial Services and Lending Firms Increased Significantly in the US and Canada: Report

LexisNexis Risk Solutions has published its latest research report, titled Risk Solutions 2020: True Cost of Fraud Study: Financial Services & Lending (for the US and Canadian financial services and lending sectors). The research report covers the different types of fraudulent activities in the lending… Read More

Greater Boston based PAYMYNT Financial, a Mobile Commerce and Financial Growth App Provider, Secures $1.1 Million in Seed Funding

Greater Boston based PAYMYNT Financial, a mobile commerce and financial growth app provider, has secured $1.1 million in capital through its seed funding round. PAYMYNT’s management notes that many consumers are now making purchases via e-commerce platforms. They believe that it’s an ideal time to… Read More

Rapyd Teams Up With InComm Payments to Enable Cash Bill Pay & Load Solutions at U.S. Participating Retailers

Rapyd, a global B2B Fintech as a Service provider, announced on Thursday it has joined forces with InComm Payments to enable cash bill pay and load solutions at participating retailers across the U.S. According to Rapyd, the partnership will empower participating billers and other consumer-facing providers of… Read More

Sean Lippel, a VC and Digital Asset Investor at Fintech Collective, Explains Why His Firm Invested in NYDIG

Sean Lippel, a VC and crypto-asset investor at Fintech Collective, a New York-based firm backing initiatives that “reimagine” how money moves in a digital environment, says that the future of institutional digital asset management has already arrived. Lippel claims that if portfolio managers allocate around… Read More

Real Estate Tech Startup Nada’s Republic Offering is 1,505% of Goal

Nada, a U.S.-based real estate technology startup, recently announced its seed capital round to accelerate its growth and product development. The company has raised nearly $400,000 in funding through its funding round on Republic. Nada set a minimum hurdle of $25,000  – a number it… Read More

Partner at Canapi Ventures Says Company to Invest in Identity, Governance Risk & Compliance Solutions, and Digitizing Loans, Payments

Canapi Ventures, a company that aims to invest in early to growth-stage Fintech firms offering “disruptive” alternatives to outdated business models and technologies, has been making substantial investments in the financial tech sector, especially since August of this year. Headquartered in Wilmington, North Carolina and… Read More

Germans are Not Using Banking Apps as Much as Expected, but Are Using Online Trading Apps More Frequently After COVID: Report

A recent Fintech study reveals that digital banking apps are now beginning to lag behind online trading apps (in Germany) which grew by 140%. Despite the COVID-19 outbreak, German consumers have not been using mobile banking apps as much as expected, according to a study… Read More

Over 30% of Cross-Border Payments Made via Fintech TransferWise are Now Instant, Transaction Fees have Also been Lowered: Report

  UK-based Fintech firm and stealth bank TransferWise, which recently booked its 4th year of profitability while processing £67 billion in transfers in the past year, has published its Q3 2020 report which goes over how the company has been focusing on its goal of… Read More

Digital Banking Solution Meniga Announces Operations Expansion to the U.S.

Meniga, UK-based AI-powered digital banking solutions announced on Friday it has expanded its services to the U.S. The U.S. launch comes less than six months after Meniga secured €8.5 million through its latest strategic investment round, which was led by French banking group Groups BPCE with… Read More

U.S. API Platform Bloom Credit Secures $13 Million Through Latest Funding Round Led By Allegis NL

Bloom Credit,  a U.S.-based API platform company that helps businesses integrate with credit bureaus for access to scores, monitoring, and furnishment products, today announced it has raised $13 million through its latest investment round, which was led by Allegis NL, with participation from Resolute Ventures, Slow Ventures, and Commerce… Read More

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