Tagged: united states

January 30, 2021 @ 2:58 pm By Omar Faridi  |  

Global Fintech firm Circle has revealed that its APIs now support ACH payments and payouts. Circle explains that ACH support allows clients to provide “seamless” bank transfers to and from USDC, which is a major stablecoin (or digital asset pegged to the US dollar). Circle… Read More

January 29, 2021 @ 2:43 pm By Omar Faridi  |  

Last week it was reported that KeyCorp (NYSE:KEY) is planning to introduce a version of its digital banking platform to serve the needs of healthcare workers. The new digital bank solution may be rolled out on March 30, 2021, which is National Doctors’ Day. The… Read More

January 29, 2021 @ 8:13 am By Omar Faridi  |  

Digital asset exchange Coinbase has confirmed its plans to become a publicly-traded company “pursuant to a proposed direct listing of its Class A common stock.” Coinbase Global, Inc. noted in a blog post published on January 28, 2021, that the proposed listing is “expected to… Read More

January 28, 2021 @ 9:48 pm By Samantha Hurst  |  

  Sidecar Health, a U.S.-based insurtech, announced earlier this week it secured $125 million through its Series C funding round, which was ledgy Drive Capital with participation from BOND, Tiger Global, and Menlo Ventures. Founded in 2018, Sidecar Health is on a mission to change… Read More

January 28, 2021 @ 8:45 pm By Omar Faridi  |  

Although not very many technical details of China’s plans for its central bank digital currency (CBDC) have been shared publicly, the virtual yuan is raising privacy concerns and may lead to potential national security issues and problems related to political power. The Digital Currency/Electronic Payment… Read More

January 28, 2021 @ 7:41 pm By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) confirmed that it will be actively looking at stablecoins which are digital assets pegged 1-to-1 with major world currencies such as the US dollar, British pound, the Euro, the Singapore dollar, among many others. Nisa Amoils, a securities… Read More

January 28, 2021 @ 8:18 am By Omar Faridi  |  

Check, a company developing software applications for digitizing the business payroll process has reportedly emerged from several years in stealth mode. The Fintech firm recently confirmed that it has secured $35 million in capital via an investment round. Check’s round was led by strategic investments… Read More

January 28, 2021 @ 8:15 am By Omar Faridi  |  

This month (January 2021) has already been huge in terms of Fintech fundraising, with notably 13 mega-rounds valued at $100 million (or more) having been completed to start off the new year. These companies have acquired approximately $2.746 billion in capital. This figure does not… Read More

January 28, 2021 @ 7:53 am By Samantha Hurst  |  

  U.S.-based fintech Broadridge Financial Solutions announced on Thursday the launch of its new Environmental, Social and Governance (ESG) advisory services. According to Broadridge, the service will help corporate issuers and asset managers improve sustainability strategies while effectively positioning their ESG programs with stakeholders. Broadridge… Read More

January 27, 2021 @ 12:37 pm By Samantha Hurst  |  

  U.S. insurtech Rhino announced on Tuesday it raised $95 million through its latest investment round, which was led by Tiger Global Management with participation from Kairos, Lakestar VC, and Lakehouse VC. Launched in 2017, Rhino is on a mission to bring greater financial freedom… Read More

January 27, 2021 @ 11:49 am By Samantha Hurst  |  

RateGenius, a U.S.-based fintech company with a proprietary consumer-lending platform, announced on Tuesday its annual study revealed the current state of the auto refinance market for 2021, finding that savings are at a historical high and interest rates are the lowest they’ve been in years,… Read More

January 27, 2021 @ 10:03 am By Samantha Hurst  |  

  Milo, a U.S.-based digital banking and lending startup, announced on Wednesday it secured $6 million through its seed funding round, which was led by QED Investors with participation from MetaProp and 10X Capital.  Founded in 2018, Milo describes itself as a fintech company that… Read More

January 26, 2021 @ 9:02 pm By Omar Faridi  |  

Blockchain security firm CipherTrace notes that during her confirmation hearing on January 19, Dr. Janet Yellen, US President Joe Biden’s pick for Secretary of the Treasury, had said that “many” virtual currencies remain “a particular concern” when it comes to terrorism and criminal financing (and… Read More

January 26, 2021 @ 7:47 pm By Omar Faridi  |  

San Francisco-based crypto exchange Coinbase has requested a rulemaking pause from the Financial Crimes Enforcement Network (FinCEN) following the Biden White House guidance to agencies. Coinbase writes in a letter that was reportedly shared with Kenneth Blanco, Director, FinCEN on January 25, 2021, that after… Read More

January 26, 2021 @ 3:57 pm By Samantha Hurst  |  

Albert, a U.S.-based fintech, announced on Tuesday it raised $100 million through its Series C funding round, which was led by General Atlantic with participation from  CapitalG, Alphabet’s independent growth fund, Portag3, and QED. The investment round brings Albert’s total funding to $173 million. Launched… Read More

January 26, 2021 @ 2:09 pm By Samantha Hurst  |  

  Joshu, a U.S,-basd insurtech, announced on Tuesday it raised $3.7 million through its seed funding round, which was led by Blumberg Capital with participation from Engineering Capital, Correlation Ventures, Innovation Endeavors, and Sure Ventures. Founded in 2020, Joshu’s solution offers insurance carriers and managing… Read More

January 26, 2021 @ 1:53 pm By Samantha Hurst  |  

Empaxis Data Management, a cloud-based fintech and middl-and back-office services provider for investment management firms, announced on Tuesday it has opened  new office in Kolkata, India.  Founded in 2004, Empaxis provides outsourcing, automation tools, and cloud-based fintech to investment firms worldwide. The company’s clients include… Read More

January 26, 2021 @ 9:45 am By Samantha Hurst  |  

Roostify, a U.S.-based digital lending platform, announced on Tuesday it raised $32 million through its Series C funding round, which was led by Ten Coves Capital with participation from Cota Capital, Mouro Capital, Colchis Capital, Point72 Ventures, and JPMorgan Chase. As previously reported, Roostify describes… Read More

January 26, 2021 @ 9:32 am By Samantha Hurst  |  

  MPOWER Financing, a U.S.-based fintech platform for educational loans to international and DACA students, announced on Tuesday it received a $25 million investment from Tiden Park Capital Management. The latest investment comes less than a year after MPOWER raised $9 million. As previously reported, … Read More

January 25, 2021 @ 8:17 pm By Omar Faridi  |  

Current, one of the leading digital banks in the US, has noted that 2020 was “certainly not the year anyone was expecting,” however, for all the tribulations (not to mention “being in the epicenter of a pandemic” – above all), the company is quite proud… Read More