Tagged: united states

April 12, 2021 @ 1:28 pm By Samantha Hurst  |  

Bamboo Insurance, a U.S.-based insurtech platform, announced on Monday it has partnered with global insurers’ core system Socotra to power its existing insurance offerings and new product lines. Founded in 2018, Bamboo describes itself as a newly formed insurance organization that offers flexible and transparent insurance… Read More

April 11, 2021 @ 5:20 pm By Omar Faridi  |  

Ten high-potential technology firms have reportedly been chosen for 11th Annual Fintech Innovation Lab New York. As noted in the announcement (published on April 7, 2021), Fintech solutions aim to leverage AI and advanced data analytics to “address key industry challenges including sustainability.” As mentioned… Read More

April 9, 2021 @ 2:08 pm By Samantha Hurst  |  

Trov, a U.S.-based insurtech company, announced earlier this week that it is expanding its presence in the UK by offering digital renter’s insurance. The company also revealed a new wave of consumers that will offer digital insurance that is powered by its technology, which includes… Read More

April 9, 2021 @ 9:40 am By Samantha Hurst  |  

Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) a Canada-based digital payments and financial technology company, announced on Thursday its wholly-owned payments platform, Carta Worldwide, is extending its U.S. market deployment with an expanded debit card issuance service offering for challenger banks. Carta has reportedly partnered with LendingClub Bank, National… Read More

April 8, 2021 @ 9:31 pm By Omar Faridi  |  

CME Group, one of the world’s leading and most diverse derivatives marketplace, recently revealed that it would be expanding its suite of cryptocurrency derivatives with the launch of a new Micro Bitcoin futures contract on May 3, 2021 (subject to regulatory review and approval). Micro… Read More

April 8, 2021 @ 8:30 am By Samantha Hurst  |  

  Fenris, a U.S.-based insurtech platform, announced on Wednesday it secured $2.7 million in new investment round, which was led by IDEA Fund Partners with participation from  Six-Thirty VC, CIT GAP Funds, and Rezon8 Capital. Founded in 2016, Fenris states its APIs deliver real-time insights na… Read More

April 7, 2021 @ 12:05 pm By Samantha Hurst  |  

U.S. fintech Avant announced on Wednesday it has completed the acquisition of Zero Financial and neobank Level. Avant reported the acquisition of Level will allow it to expand its reach by offering digital banking experiences to its American customers. According to Avant, Level offers cashback… Read More

April 7, 2021 @ 11:06 am By Samantha Hurst  |  

Obligo, a U.S.-based fintech startup that’s focused on the real estate market, announced on Wednesday has launched a lease renewal incentive program, which is designed for residential landlords to increase retention rates, minimize the cost of concessions and provide renters with immediate cash they can… Read More

April 6, 2021 @ 10:27 pm By Omar Faridi  |  

Singapore-headquartered neo-banking platform StashFin has finalized a Series B extension equity financing valued at $40 million from several international investors. New investors taking part in StashFin‘s investment round included Altara Ventures and Uncorrelated Ventures along with contributions from investors such as Integrated Capital, Kravis Investment… Read More

April 6, 2021 @ 9:17 pm By Omar Faridi  |  

A federal court in the District of Massachusetts recently entered an order that authorizes the US Internal Revenue Service (IRS) to serve a John Doe summons on Circle Internet Financial Inc., “or its predecessors, subsidiaries, divisions, and affiliates, including Poloniex LLC.” According to a release,… Read More

April 6, 2021 @ 11:21 am By Samantha Hurst  |  

U.S.-based fintech Dwolla announced on Tuesday it has launched a new real-time instant payment option using the RTP Network. The company reported that the option will be powered by Cross River Bank and allows businesses to integrate with Dwolla’s payment API to connect with RTP-enabled… Read More

April 3, 2021 @ 9:37 am By Omar Faridi  |  

Dan Burstein, General Counsel at Paxos, claims in a blog post that the company is the “most trusted” operator in the digital asset infrastructure space. Burstein explains that trustworthiness is key to their business model and overall success at Paxos. They believe that by serving… Read More

April 2, 2021 @ 8:01 am By Samantha Hurst  |  

  Neptune, a U.S.-based fintech startup, announced on Thursday the launch of its non-custodial wallet for cryptocurrency holders. Neptune reported that the wallet offers users the ability to manage multiple currency sets tied to different mnemonic phrases, all in one stallion instance. “Wallets on the… Read More

April 2, 2021 @ 7:39 am By Samantha Hurst  |  

  Hong Kong-based Crypto.com announced on Thursday it has expanded its Crypto.com Tax service into the U.S. This expansion comes just after Crypto launched the service in Canada. According to Crypto.com, Crypto.com Tax enables users to generate accurate and organized tax reports, including transaction history and… Read More

April 1, 2021 @ 10:08 pm By Omar Faridi  |  

Spiral, the banking solution developed specifically for the charitable sector, revealed on April 1, 2021 that it has acquired $14 million in capital via a round led by venture group Team8 along with with participation from Communitas Capital, Phoenix, Nidoco AB, MTVO, and several other … Read More

March 31, 2021 @ 2:18 pm By Samantha Hurst  |  

ForumPay, a payment gateway solution for crypto consumers and traditional merchants, announced on Wednesday it has teamed up with connected and mobile commerce services for merchants, Sionic, to expand the reach of crypto-to-fiat interchangeable payments to merchants and consumers across the U.S. via mobile and… Read More

March 31, 2021 @ 11:39 am By Samantha Hurst  |  

Salty, a U.S.-based Embedded Insurance technology company, announced on Tuesday it secured over $15 million through its latest investment round, bringing the company’s capital raised to date to more than $31 million. Founded in 2019, Salty states it removes existing consumer impediments to buying the right… Read More

March 31, 2021 @ 9:55 am By Samantha Hurst  |  

  Uphold, a U.S.-based digital finance platform, announced on Wednesday it is set to acquire U.S. broker-dealer JNK Securities following regulatory approval from the Financial Industry Regulatory Authority (FINRA).  Founded in 1993, JNK Securities is an execution-only trading firm with direct market access to the listed… Read More

March 31, 2021 @ 1:17 am By Omar Faridi  |  

Open Banking adoption or usage in the US has been increasing due to a significant rise in customer demand and growing pressure or competition. This, according to a recent from the Financial Technology (FT) Partners. As noted in a report titled, Open Banking: Rearchitecting the… Read More

March 30, 2021 @ 11:53 pm By Omar Faridi  |  

The Centre Consortium, an entity established by global Fintech firm Circle and Coinbase, reports that the first quarter of this year has been one of “explosive growth” for Centre and for the USDC stablecoin, which is the world’s “most trusted” stablecoin (according to Centre Consortium)…. Read More