Tagged: united states

February 24, 2021 @ 9:46 pm By Omar Faridi  |  

Pulse of Fintech H2’20, a bi-annual report on international Fintech investment developments released by KPMG, notes that global Fintech funding across mergers-and-acquisitions (M&A), private equity (PE) and venture capital (VC) stood at $105 billion across 2,861 different deals in 2020. This was reportedly the third-highest… Read More

February 24, 2021 @ 1:41 pm By Samantha Hurst  |  

Petal, a credit card startup pioneering “Cashflow Underwriting” as an alternative to traditional credit scoring, announced on Wednesday it has closed a new committed debt facility, totaling more than $125 million. According to Petal, the new facility includes $100 million from Silicon Valley Bank (SVB), the bank… Read More

February 24, 2021 @ 8:10 am By Omar Faridi  |  

MoneyGram International, Inc. (NASDAQ: MGI), a major cross-border P2P payments and money transfers service, has confirmed that it will no longer be using American Fintech Ripple Labs’ XRP-powered liquidity product. MoneyGram stated that it decided to stop using the technology due to the “uncertainty” surrounding… Read More

February 24, 2021 @ 8:07 am By Omar Faridi  |  

Sunayna Tuteja, the former Managing Director, Head of Digital Assets & DLT (Blockchain, Crypto) at TD Ameritrade, has now been hired by the US Federal Reserve System as its Chief Innovation Officer. Tuteja has been a vocal supporter of Bitcoin. She claims to have gotten… Read More

February 23, 2021 @ 11:45 pm By Omar Faridi  |  

UK-based digital banking challenger Starling notes that bad relationships can be a lot of hard work. The Fintech firm has provided several reasons why it may be a good idea to “cut the ties” with your regular bank and “fall in love with easy, responsible… Read More

February 23, 2021 @ 1:46 pm By Samantha Hurst  |  

    Promise, a U.S.-based payments technology platform, recently announced it secured $20 million through its Series A funding round, bringing its total fundraising amount to over $30 million. The investment round was notably led by Kapor Capital and XYZ, with additional funding coming from… Read More

February 23, 2021 @ 1:26 pm By Samantha Hurst  |  

  Koffie Labs, a U.S.-based insurtech that is focused on reinventing the trucking and transportation markets, announced on Tuesday it has raised $4.5m in venture financing.  According to Koffie, Anthemis Group and Lerer Hippeau led two rounds of seed round financing with participation from 2048… Read More

February 23, 2021 @ 9:00 am By Samantha Hurst  |  

EquityBee, a U.S.-based startup employees’ stock options funding solution provider, announced on Tuesday it secured $20 million through its Series A funding round, which was led by Group 11 with participation from Oren Zeev Ventures, Battery Ventures, and ICON Continuity Fund. EquityBee reported that the… Read More

February 23, 2021 @ 8:10 am By Omar Faridi  |  

US Treasury Secretary Janet Yellen stated on Monday (February 22, 2021) that Bitcoin is an “extremely inefficient” way to settle financial transactions. Yellen commented on how the digital currency’s price fell sharply (as usual) during morning trading hours, but then stayed above the $53,000 mark… Read More

February 22, 2021 @ 10:55 pm By Omar Faridi  |  

A restaurant owner based in New York City has been trying to sell his two bars for Bitcoin (BTC), the flagship cryptocurrency. Patrick Hughes had put his side-by-side bars in Manhattan’s Hell’s Kitchen neighborhood, Scruffy Duffy’s and Hellcat Annie’s, up for sale last month. Hughes… Read More

February 22, 2021 @ 2:29 pm By Samantha Hurst  |  

  Torii, a U.S.-based software-as-a-service (SaaS) provider, has reportedly secured $10 million through its Series A funding round. Founded in 2017, Torii stated its mission is to help modern IT drive the business forward by making the “best use” of SaaS. “We help IT professionals… Read More

February 22, 2021 @ 7:42 am By Omar Faridi  |  

Elon Musk’s Tesla Inc (NASDAQ:TSLA) has already made a billion dollars in profits from its fairly recent $1.5 billion Bitcoin (BTC) purchase. Notably, these dramatic gains could be substantially more than what Tesla may have made off of its car sales during 2020, according to… Read More

February 21, 2021 @ 10:57 pm By Omar Faridi  |  

When the US Securities and Exchange Commission (SEC) filed a lawsuit against blockchain-focused Fintech firm Ripple Labs in December 2020, the crypto industry and larger community had reacted with alarm and many were surprised. The SEC’s lawsuit also led to Ripple hiring high-profile legal experts… Read More

February 21, 2021 @ 9:48 pm By Omar Faridi  |  

San Francisco-based Carta, a firm that helps private and public companies, investors, and employees manage equity and ownership, has published its private markets report for Q4 2020. Carta’s report, which was posted on February 17, 2021, notes that venture capital managed to close out 2020… Read More

February 21, 2021 @ 9:22 pm By Samantha Hurst  |  

  FormFree, a U.S.-based fintech, announced on Friday it has expanded its AccountChek 3n1 (3n1) asset, employment and income verification service, to now cover 85% of U.S. workers whose employers utilize a payroll processing service, representing over 100 million wage earners. Founded in 2008, FormFree describes… Read More

February 21, 2021 @ 6:32 pm By Omar Faridi  |  

OnDeck notes that the Small Business Administration (SBA) and US Treasury Department have resumed the Paycheck Protection Program (PPP) for First Draw Loans (on the week of January 11, 2021, and on January 13, 2021). OnDeck, which was acquired by Enova (NYSE:ENVA) last year, has… Read More

February 21, 2021 @ 4:58 pm By Omar Faridi  |  

Piplsay research reveals that 27% of US consumers are planning to make investments in cryptocurrency during 2021. Around 50% of Americans think that it’s now “safe” to invest in decentralized digital currencies, the survey revealed. About 57% of US-based consumers said they think major brands… Read More

February 20, 2021 @ 3:43 pm By Omar Faridi  |  

Kasasa, an financial technology and marketing services provider, has teamed up with NYDIG in order to bring Bitcoin (BTC) offerings to its diverse network of community institutions and their clients. Patrick Sells, Head of Bank Solutions at NYDIG, noted that since Kasasa‘s inception, the company… Read More

February 20, 2021 @ 11:21 am By Omar Faridi  |  

Zac Prince, CEO and Co-founder at BlockFi, a fast-growing digital assets platform, notes that with just two weeks in, the company’s Bitcoin trust is just ”a pinch” under the $100 million mark (in total BTC holdings). 2 weeks in, BlockFi’s Bitcoin trust is just a… Read More

February 19, 2021 @ 5:18 pm By Omar Faridi  |  

A recent SWNS research study has revealed that 40% of US-based consumers under the age of 40 are not optimistic that they’ll be able to succeed in achieving their financial goals. The study of 2,000 Americans (between the ages of 18–40) found that around 58%… Read More