Tagged: united states

February 10, 2021 @ 10:07 am By Samantha Hurst  |  

NYMBUS, a U.S. financial service platform provider, announced on Wednesday it secured $53 million through its Series C funding round, which was led by Insight Partners.  As part of this round, AJ Malhotra, Principal at Insight Partners, will join Managing Director Peter Sobiloff on the… Read More

February 10, 2021 @ 9:37 am 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 Wednesday it secured $7 million through its seed funding round, which included participation from KB Investment Inc. (KBIC), a subsidiary of South Korea’s leading… Read More

February 9, 2021 @ 10:43 pm By Omar Faridi  |  

A new study by Fenergo, provider of digital transformation, customer journey and client lifecycle management (CLM) software, has revealed that Malaysia ranked the highest for data privacy fines in the Asia-Pacific (APAC) region. Fines from Malaysian authorities totaled nearly $4 billion this past year. Neighboring… Read More

February 9, 2021 @ 12:16 pm By Samantha Hurst  |  

  Fair, a multilingual neobank and financial services platform, announced on Tuesday it secured $20 million and is planning to open early bird membership enrollment in March, with a public launch in April.  Fair describes itself as a pro-consumer, equity-based, mobile-first alternative to traditional banking…. Read More

February 9, 2021 @ 11:02 am By Samantha Hurst  |  

    Clair, a U.S.-based social impact embedded fintech startup, announced on Tuesday the rollout of its new Mastercard debit card. The card was specifically created to provide financial wellness for American non-exempt workers.  Clair reported that users who sign up for its platform will… Read More

February 9, 2021 @ 10:25 am By Samantha Hurst  |  

    Cleareye.ai, a U.S.-based fintech that operates a artificial intelligence (AI) machine learning platform, announced on Tuesday it has joined forces with tech giant Microsoft. Cleareye.ai reported that through the partnership it will use Microsoft technology to power its products, which includes its Paycheck… Read More

February 8, 2021 @ 10:11 pm By Omar Faridi  |  

Goldman Sachs (NYSE:GS) partner Adam Dell has reportedly stepped down from his role as one of the main professionals working on Marcus, the digital-only bank created by the giant Wall Street investment bank. Dell has left the initiative as Goldman Sachs gets ready for a… Read More

February 8, 2021 @ 10:05 pm By Omar Faridi  |  

Renaissance Technologies, the investing firm that recently recorded its worst returns across its public funds, is now having to deal with around $5 billion in redemptions. Customers decided to pull about $1.85 billion across the three different hedge funds back in December 2020 and also… Read More

February 8, 2021 @ 9:04 pm By Omar Faridi  |  

Li Jun, Founder of Ontology and the SAGA Protocol, notes that we’re now living through an “activist period” of data regulation that will most likely dictate how our economies function for “generations to come.” Jun pointed out that most industries have “precedents” for regulation that… Read More

February 8, 2021 @ 2:56 pm By Samantha Hurst  |  

    Bottomline (NASDAQ: EPAY), a U.S.-based fintech that makes complex business payments simple, smart and secure, announced on Monday it has expanded corporate treasury capabilities as part of its integrated Payments and Cash Lifecycle Platform. According to Bottomline, the platform empowers financial managers to… Read More

February 8, 2021 @ 12:00 pm By Samantha Hurst  |  

  FINTECH.TV, a U.S.-based fintech specialized in impact investing and digital asset media network for broadcast, over-the-top (OTT), and digital distribution, announced on Monday it recently closed a multimillion-dollar (USD) strategic investment round, which was led by strategic investment arm for India-based Bennett Coleman & CO.,… Read More

February 7, 2021 @ 10:33 pm By Samantha Hurst  |  

  InvestX, a U.S.-based private equity marketplace, recently announced the launch of its new trading platform, GEM. According to InvestX, GEM delivers access to “Pre-IPO Giants” by allowing broker-dealers to easily transact in private equity through an intuitive, reliable, and transparent technology solution. The GEM… Read More

February 7, 2021 @ 10:00 pm By Samantha Hurst  |  

  Splitit, an Australian Stock Exchange-listed (ASX:SPT) company that allows consumers to make payments in easy installments using their credit cards, has secured a $150 million credit facility from Goldman Sachs to support growth in both the U.S. and Europe. The latest investment comes less… Read More

February 7, 2021 @ 9:28 pm By Omar Faridi  |  

San Francisco-based Blend, which claims to offer market-leading digital lending technology that makes the process of acquiring a loan simpler, faster, and safer, recently shared key insights on “reframing relationship banking for an increasingly digital world.” Fintech firm Blend, which recently acquired $300 million in… Read More

February 7, 2021 @ 8:21 pm By Omar Faridi  |  

Digital investment platform Robinhood is reportedly facing around 30 different lawsuits from traders for shutting down or not supporting GameStop trading. Several groups of Robinhood‘s clients have filed lawsuits against the stock trading service provider. Lawsuits have alleged the firm violated certain laws by imposing… Read More

February 7, 2021 @ 7:36 pm By Omar Faridi  |  

Payments platform Adyen (AMS:ADYEN) reveals that Buy Now, Pay Later (BNPL) is the fastest-growing payment alternative in North America. BNPL services are everywhere now, and allow consumers to acquire big ticket items and have made “spontaneous splurges within easy reach.” These digital financial “tools” allow… Read More

February 6, 2021 @ 6:43 pm By Omar Faridi  |  

Frontline Ventures, which supports several different Fintech companies including alternative lending platform Linked Finance, has introduced a €70 million fund. Frontline has also been backing Fintechs such as Clearbanc and Currencyfair. Frontline Ventures’ new fund includes strategic investments from the European Investment Fund, the Ireland… Read More

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

California-based Fintech firm Wealthfront revealed on February 4, 2021 that its customers will now be able to use their service to monitor for and automatically transfer excess funds to a Wealthfront Roth IRA, Traditional IRA or a 529 College Savings Account. As noted in a… Read More

February 5, 2021 @ 3:31 pm By Omar Faridi  |  

Primary Venture Partners, a seed-stage VC firm focused on supporting New York City’s “most promising” founders, notes that this past October (2020), they had revealed that Q3 2020 NYC seed activity was “the highest it had been since the record-breaking Q3 2019 quarter.” While third-quarter… Read More

February 5, 2021 @ 10:05 am By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) has been carefully reviewing social media posts, as the federal regulator is looking out for any signs of potential fraud, which may have increased due to the frenzied trading of GameStop and other firms’ shares. The SEC‘s probe… Read More