Tagged: united states

April 20, 2021 @ 10:07 pm By Omar Faridi  |  

Lemonade (NYSE:LMND), the insurance firm that’s powered by AI and behavioral economics, announced on Tuesday (April 20, 2021) that it’s “readying ‘Lemonade Car’ for launch within the year.” As mentioned in a release shared with CI, early registration is “now open at www.lemonade.com/car.” The announcement further… Read More

April 20, 2021 @ 10:49 am By Samantha Hurst  |  

  Alto Solutions, Inc. (Alto), a U.S.-based self-directed IRA platform making it easier for individuals to access and invest in alternative assets using their retirement funds, announced on Tuesday it raised $17 million through its Series A funding round, which was led by Unusual Ventures,… Read More

April 19, 2021 @ 4:10 pm By Samantha Hurst  |  

    Mastercard announced on Monday it has acquired digital identity platform Ekata for $850 million. According to Mastercard, Ekata works with global merchants, financial institutions, travel companies, marketplaces, and digital currency platforms. It notably uses insights to deliver unique scores, data attributes and risk… Read More

April 19, 2021 @ 10:49 am By Samantha Hurst  |  

    U.S. insurtech Zywave recently announced it has acquired Enquiron, a provider of risk management and consultative business solutions. Zywave reported that with the combination of its existing portfolio of solutions, the acquisition reinforces its “leadership” position in these markets. Founded in 1996, Enquiron… Read More

April 18, 2021 @ 5:51 pm By Omar Faridi  |  

A senior Bank of Japan (BoJ) official has stated that China’s digital renminbi will not be able to pose a threat to the US dollar’s dominant position as the global reserve currency. As reported by Bloomberg, Kazushige Kamiyama, who heads the BoJ’s payment systems division… Read More

April 18, 2021 @ 5:27 pm By Omar Faridi  |  

BNPL Fintech Affirm (NASDAQ:AFRM) notes that last year’s holiday shopping season set many digital commerce records, including in its “volume of purchases” made through Buy Now, Pay Later (BNPL) services. Affirm cites Salesforce data which reveals that BNPL transactions surged 109% when compared to the… Read More

April 18, 2021 @ 5:23 pm By Omar Faridi  |  

Blockcap Inc., an established Bitcoin mining and blockchain tech firm based in the US, revealed on Friday (April 16, 2021) that it has mined a total of 544 BTC during Q1 2021. As mentioned in a release: “Coming on the heels of several large-scale acquisitions… Read More

April 18, 2021 @ 12:43 pm By Omar Faridi  |  

Digital lending software provider Blend Labs, Inc. revealed on April 15, 2021, that it has confidentially submitted a draft registration statement on Form S-1 with the US Securities and Exchange Commission (SEC) relating to the proposed initial public offering (IPO) of its common stock. As… Read More

April 17, 2021 @ 5:32 pm By Omar Faridi  |  

Earlier this week, digital bank Chime revealed that you can use their platform to pay anyone. Chime users can send money to anyone, “even if they’re not on Chime.” As noted by the banking challenger, the users can claim funds to their bank account “instantly… Read More

April 17, 2021 @ 11:00 am By Omar Faridi  |  

On April 15, 2021, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned 16 individuals and 16 entities for “attempting to undermine and influence the 2020 US presidential election,” blockchain security firm CipherTrace noted in a blog post. CipherTrace also mentioned… Read More

April 16, 2021 @ 9:54 pm By Samantha Hurst  |  

  Clearcover, a U.S.-based car insurance platform, announced earlier this week it secured $200 million through its Series D funding round, which was led by Eldridge, with participation from American Family Ventures, Cox Enterprises, and OMERS Ventures. Founded in 2016, Clearcover describes itself as the… Read More

April 16, 2021 @ 7:12 pm By Omar Faridi  |  

The American Fintech Council has reportedly expanded to include over 75 members. The Council has also announced several new leadership initiatives, according to a release. As noted in the announcement, the newly formed committees will be including the Regulatory Technology Committee and Legal Advisory Committee… Read More

April 16, 2021 @ 8:45 am By Omar Faridi  |  

Manish Kohli, Global Head of Payments and Receivables at Citi (NYSE:C), notes that at the leading banking institution, they’re using APIs to facilitate payments, to digitize the “client experience” and “ultimately to help change our client’s evolve to real-time, 24×7 direct to consumer business models.”… Read More

April 16, 2021 @ 8:03 am By Samantha Hurst  |  

  Routable, a U.S.-based fintech startup,  announced on Thursday it raised $30 million through its Series B investment round, which was led by Sam Altman, CEO of Open AI and former president of Y Combinator, and Jack Altman, CEO of Lattice, with participation from Flexport as… Read More

April 14, 2021 @ 11:57 pm By Omar Faridi  |  

UNA Blockchain, a subsidiary of Hopium, the car manufacturer that develops “high-end” hydrogen sedans, is launching its new blockchain ecosystem. Based in Venice, California, UNA Blockchain aims to position itself as a leader within the automotive sector, according to a release shared with Crowdfund Insider…. Read More

April 14, 2021 @ 8:14 am By Samantha Hurst  |  

  Camino Financial, a U.S.-based fintech that is seeking to provide affordable credit and financial products for underserved small businesses, announced on Wednesday it has teamed up with Lendio to provide small business funding to underserved communities, specifically for Black and Latinx communities.  Founded in 2014,… Read More

April 13, 2021 @ 7:17 pm By Omar Faridi  |  

Austin-based The Zebra, a company that provides an insurance comparison solution, has secured $150 million in capital through its Series D round. The Zebra has reportedly achieved Unicorn status (valued at $1 billion or more) following its latest round. The Zebra’s latest investment round size… Read More

April 13, 2021 @ 2:42 pm By Samantha Hurst  |  

    Global payment solution provider Checkout.com announced on Tuesday it is launching its Payouts Product, which will enable merchants to make payments directly to eligible recipients’ cards and bank accounts. According to Checkout.com, the solution will enable merchants to make payouts in real-time to… Read More

April 13, 2021 @ 1:40 pm By Samantha Hurst  |  

  U.S.-based money experience company MX announced on Tuesday it has partnered with digital asset verification platform FormFree to speed up loan approval processing and close more than one million loans. According to MX, FormFree improves lenders’ ability to make more informed decisions about borrowers… Read More

April 12, 2021 @ 5:25 pm By Omar Faridi  |  

Beginning on Saturday (April 10, 2021), digital asset exchange Coinbase will be supporting trading with 1inch (1INCH), Enjin Coin (ENJ), NKN (NKN) and Origin Token (OGN) at Coinbase.com and in the Coinbase Android and iOS apps. Coinbase users are now able to purchase, sell, convert,… Read More