Tagged: united states

April 29, 2022 @ 8:14 am By Omar Faridi  |  

Varo Bank, N.A., which claims to be the first all-digital, nationally chartered bank in the US, has announced the appointment of Spencer Rascoff, Co-Founder and former CEO of Zillow to Varo’s Board of Directors. Rascoff joins Varo’s Board to continue “to scale Varo, a one-of-a-kind… Read More

April 28, 2022 @ 10:38 pm By Omar Faridi  |  

The XYO Network (Coinbase: $XYO), which claims to be the “first” blockchain geospatial oracle network backed with cryptography, has reported “record” financial results for the full fiscal year “ending December 31, 2021.” Among its 2021 achievements, the company “doubled in revenue for the full fiscal… Read More

April 27, 2022 @ 10:00 pm By Omar Faridi  |  

FT Partners recently shared their Q1 2022 Fintech Insights Report. As noted in the update from FT Partners, it has been a record year for financing in Fintech. The firm is internationally known for its expertise in the Fintech industry. FT Partners has associations with… Read More

April 27, 2022 @ 6:54 pm By Omar Faridi  |  

PayByCar, Inc., the mobile payments Fintech responsible for offering pay-by-text payments at gas stations across Massachusetts, has confirmed the completion of a $4 million seed round of funding. Anand Raman, President, and co-founder of PayByCar, stated: “Following a string of successes since our 2020 pre-seed… Read More

April 27, 2022 @ 8:23 am By Omar Faridi  |  

Grayscale Investments, which oversees the $30 billion+ Grayscale Bitcoin Trust (GBTC), is reportedly looking at further expanding into the European market for digital asset funds. Grayscale will be meeting with various partners in order to discuss matters related to entering the European markets, according to… Read More

April 26, 2022 @ 8:10 pm By Omar Faridi  |  

Talus Pay, which claims to be a fast-growing tech-driven provider of payment processing solutions for small and mid-sized merchants, is pleased to confirm that payments industry veteran Bryan Fricke has joined the firm as Chief Revenue Officer. Fricke will be “responsible for the performance, strategy… Read More

April 25, 2022 @ 2:56 pm By Omar Faridi  |  

Capitolis, the tech company reimagining capital markets, recently announced that it has grown its employee base by 50% “versus the same period last year as the company continues growing and scaling the business to meet customer demands and ongoing opportunities to innovate.” The investment in… Read More

April 25, 2022 @ 7:57 am By Omar Faridi  |  

SALT and Cion Digital recently announced a strategic partnership “to bring SALT’s crypto-lending solutions to 5,000+ auto dealerships in the US.” The announcement marks “the launch of SALT’s Embedded Crypto Lending Service, which will enable financial service providers and fintech platforms to rapidly deploy crypto… Read More

April 24, 2022 @ 6:09 pm By Omar Faridi  |  

Currency.com, the “high-growth” global cryptocurrency exchange helping everyone connect with the booming world of cryptocurrencies, recently announced that it has expanded into the United States. Currency.com US, registered with the Financial Crimes Enforcement Network (FinCEN) as a Money Services Business, will “enable US residents to… Read More

April 23, 2022 @ 2:47 pm By Omar Faridi  |  

Brex, the Fintech firm that is focused on reimagining finance for growing businesses, has  announced its acquisition of Pry Financials, which is a software platform “with tools designed to enable budgeting, bookkeeping and forecasting, for $90 million.” As mentioned in the update, cash flow forecasting… Read More

April 22, 2022 @ 2:27 pm By Omar Faridi  |  

Bank of America (NYSE: BAC) recently confirmed that it will transition all plastic credit and debit card products to be “made from at least 80% recycled plastic starting in 2023.” The company claims to be “the first U.S. based bank to make this commitment across… Read More

April 22, 2022 @ 2:25 pm By Omar Faridi  |  

Wells Fargo (NYSE: WFC) recently announced the Small Business Resource Navigator, which is an online portal helping connect small business owners “to potential financing options and technical assistance through Community Development Financial Institutions (CDFIs) across the country.” The portal was launched in collaboration “with the… Read More

April 22, 2022 @ 7:05 am By Omar Faridi  |  

Versapay, which claims to be the leader in Collaborative Accounts Receivable, recently announced that it has completed its acquisition of US-headquartered Fintech firm  DadeSystems. The acquisition broadens Versapay‘s suite of accounts receivable (AR) automation solutions and “expands its AI and machine learning capabilities.” It also… Read More

April 21, 2022 @ 8:46 pm By Omar Faridi  |  

Wayflyer, the revenue-based financing and growth platform for digital commerce merchants, recently confirmed a series of new hires across its offices based in Europe and the United States. Several key appointments have reportedly been made in the Talent team. Ciara Smyth has joined the firm… Read More

April 21, 2022 @ 5:01 pm By Omar Faridi  |  

Jack Henry & Associates, Inc. (NASDAQ: JKHY) recently announced that Old Second National Bank has expanded its collaboration with Jack Henry “to support the bank’s digital and growth strategy.” Among the largest locally headquartered banks in the Chicago area, Old Second benefited from “a seven-year… Read More

April 21, 2022 @ 3:11 pm By Omar Faridi  |  

Blank-check company Global Blockchain Acquisition Corp. has reportedly filed for a $150M initial public offering (IPO) on Wednesday (April 20, 2022). The firm’s management noted that they plan to focus its search for an initial business combination on blockchain or DLT-related technology, economy, industries and… Read More

April 20, 2022 @ 8:28 am By Omar Faridi  |  

Paysend, the UK-based fintech with over 6.5 million customers, recently announced that it has opened its Americas headquarters in Miami. As mentioned in an update shared with CI, the move embraces Miami’s reputation “as America’s new Fintech capital, with a growing community of venture capital… Read More

April 19, 2022 @ 9:57 pm By Omar Faridi  |  

LegalPay, an India-based litigation and interim finance provider, has teamed up with Florida-headquartered hedge fund Naples Global in order to introduce a $5 million fund for founders so they can protect their rights during board-related disputes. The new fund has mainly committed $5 million (appr…. Read More

April 19, 2022 @ 4:07 pm By Omar Faridi  |  

Financial technology provider FIS (NYSE: FIS) has announced its Banking-as-a-Service Hub, enabling banking institutions, credit unions, and Fintechs to build the virtual banking and payments ecosystems they require to provide innovation to merchants and consumers. The FIS Banking-as-a-Service Hub offers a complete suite of banking… Read More

April 19, 2022 @ 7:31 am By Omar Faridi  |  

Bank of America (NYSE: BAC) released its Q1 2022 financial report on Monday (April 18, 2022). The progress report from the bank exceeded industry analysts’ estimates, supported by the better-than-expected credit quality of the institution’s borrowers. Here are the key stats shared by Bank of… Read More