Tagged: united states

March 19, 2021 @ 7:53 am By Omar Faridi  |  

Digital bank Chime notes that if you’ve ever tried to schedule an automatic bill payment from your bank account or received a direct deposit, then you may appreciate how convenient these transactions might be. We may be able to avoid many late fees if we… Read More

March 18, 2021 @ 10:55 pm By Omar Faridi  |  

Miami-headquartered JAG Insurance has reportedly issued its very first policy using cryptocurrency. JAG Insurance Group, which is well-known for being a digital tech pioneer and challenging the standards of the insurance industry, has decided to take its first steps into the crypto-asset space by issuing… Read More

March 18, 2021 @ 4:06 pm By Omar Faridi  |  

Digital asset exchange Kraken recently committed funding to support the Ethereum 2.0 transition process with the New Gitcoin Giving initiative. Kraken says it will match “up to $50,000” in donations to open-source Ethereum infrastructure initiatives as part of Gitcoin’s donation drive (which began on March… Read More

March 18, 2021 @ 1:30 pm By Samantha Hurst  |  

      TomoCredit, a U.S.-based fintech that offers a credit card that’s designed to build a credit history for first-time borrowers, announced on Thursday the launch of TomoCredit Mastercard, a high limit offering that does not require FICO or soft or hard inquiries to apply…. Read More

March 18, 2021 @ 10:28 am By Samantha Hurst  |  

    B2B fintech-as-a-service provider Rapyd announced on Thursday has announced a new initiative with the City of Miami to boost technology and startup industry growth, Rapyd’s $100 Million Miami Tech Power Initiative. Rapyd reported that through the program it has committed to waiving payment processing fees of… Read More

March 17, 2021 @ 10:25 pm By Omar Faridi  |  

Six New Hampshire residents are reportedly facing federal indictment because of an elaborate scheme that allowed people to exchange over $10 million for digital currencies like Bitcoin (BTC) and Ethereum (ETH). The US District Court indictment alleges that the co-conspirators had tricked or deceived financial… Read More

March 17, 2021 @ 8:42 pm By Omar Faridi  |  

Beginning on March 16, 2021, Coinbase Pro users may transfer Cardano (ADA) into their accounts ahead of scheduled trading. Support for ADA tokens will be available at all of Coinbase’s “supported jurisdictions.” Trading will begin “on or after 9AM Pacific Time (PT) Thursday March 18,… Read More

March 17, 2021 @ 6:23 pm By Omar Faridi  |  

The “humble” QR code has now emerged from last year as a “versatile” tool for providing an overall improved customer experience (CX). At restaurants, for example, customers are “loving” this contactless option so they safely view menus, order, and make virtual payments with a “snap… Read More

March 17, 2021 @ 3:50 pm By Omar Faridi  |  

The shares of LendingClub (NYSE: LC), an online lender and nascent digital bank, have been surging recently. Last week, LendingClub reported an adjusted net loss of $(22.1) million in the fourth quarter, compared to an adjusted net income of $7.0 million the same quarter last… Read More

March 17, 2021 @ 8:02 am By Samantha Hurst  |  

  LenderClose, a U.S.-based proprietary, technology-focused lending platform, announced on Wednesday it has launched Home Equity Express (HEx), which is described as a cloud-native technology for placement of collateral verification data and reports through an intelligent, automated workflow, reducing the time it takes credit unions and… Read More

March 16, 2021 @ 11:05 pm By Omar Faridi  |  

Southeast Asian ride-hailing and food delivery giant Grab Holdings is reportedly holding discussions regarding its plans to go public via a potential merger with a US-based special purpose acquisition company or SPAC. Grab Holdings may be valued at around $53 to $54 billion if these… Read More

March 16, 2021 @ 3:46 pm By Samantha Hurst  |  

DailyPay, a U.S.-based gold standard on-demand pay platform, announced on Tuesday plans to launch its REWARD by DailyPay payment solution. According to DailyPay, REWARD by DailyPay gives managers the ability to instantly and effortlessly incentivize their staff with on-the-spot payments for everything from bonuses for… Read More

March 16, 2021 @ 2:30 pm By Samantha Hurst  |  

  Pagaya, an artificial intelligence (AI) powered investment manager, announced on Tuesday the expansion of the Pagaya AI Debt Selection Trust (PAID) shelf with $900 million committed. According to Pagaya, the demand for this PAID issuance was evidence of investors deeply trusting the platform as… Read More

March 16, 2021 @ 10:59 am By Omar Faridi  |  

Approximately 10% of stimulus checks could go toward Bitcoin (BTC) purchases and stocks, according to Dan Dolev from Mizuho – which recently performed a survey asking respondents what they plan to do when they get their stimulus checks. Dolev, whose comments came during a CNBC… Read More

March 15, 2021 @ 12:34 pm By Samantha Hurst  |  

  upSWOT, a U.S.-based fintech platform that is seeking to help financial institutions dramatically improve their ability to service Small-Medium Business clients (SMBs), announced on Monday it raised $4.3 million through its seed funding round, which was led by Common Ocean. Founded in 2019, upSWOT states… Read More

March 15, 2021 @ 10:10 am By Omar Faridi  |  

Prosper, a peer-to-peer lending company that connects borrowers and investors with over $17B in loans issued via its platform, recently shared their performance data from the Prosper Portfolio for the month of February 2021. Key highlights from the report are as follows: In February 2021,… Read More

March 15, 2021 @ 10:05 am By Samantha Hurst  |  

GloveBox, a U.S.-based insurtech platform, has raised $3 million through its latest investment round, which was led by Mercato Partner’s Prelude Fund with participation from Heffernan Insurance Brokers. Founded in 2019 and launched in 2020, GloveBox describes itself as a centralized mobile and web application… Read More

March 15, 2021 @ 8:36 am By Omar Faridi  |  

Although banking platforms have been upgrading their legacy technology stacks and making substantial investments into their digital transformation strategies, their boards of directors still don’t have the tech-related expertise needed to effectively manage modern financial institutions. A report from Accenture reveals that only 10% of… Read More

March 15, 2021 @ 7:14 am By Samantha Hurst  |  

  PowerPay, a provider of home improvement financing, recently announced it has surpassed $1 billion in loan originations following its launch in December 2019. The company reported that through its network of 7,000 home improvement contractors, it has financed more than 50,000 projects nationwide with an average project… Read More

March 14, 2021 @ 2:10 pm By Omar Faridi  |  

The third edition of Startupbootcamp Fintech Dubai’s accelerator program has now concluded. During the Demo Day, there were 11 startups that pitched their ideas to potential investors, corporate partners, industry experts, mentors, and the general public. Startupbootcamp Fintech Dubai was introduced in 2018 through a… Read More