Tagged: us

August 4, 2020 @ 1:14 am By Omar Faridi  |  

ZenBusiness, a corporate entity creation and management firm that makes it easy to start, run, and grow their businesses, has reportedly finalized its first acquisition of Austin-based Fintech platform, Joust. The amount that will be paid for the acquisition hasn’t been shared publicly. Ross Buhrdorf,… Read More

August 3, 2020 @ 10:06 pm By Omar Faridi  |  

Neobank Aidbanc, which launched operations last year, is reportedly planning to assist NGOs by providing them with digital banking and spend management software that they need to deliver financial aid. The proper distribution of financial aid can have a significant positive impact on the lives… Read More

August 2, 2020 @ 9:30 pm By Omar Faridi  |  

Stuart Sopp, founder and CEO at digital bank Current, has previously noted that the COVID-19 outbreak has shown how his company serves employees whose roles are considered essential during the global pandemic. In June 2020, Sopp had confirmed that Current would remain focused on spending,… Read More

August 1, 2020 @ 2:34 pm By Omar Faridi  |  

IFN Islamic Fintech, a “one-stop-shop” for industry knowledge, networking, and communication in the global Islamic financial technology space, revealed on July 30, 2020, that there are now at least 142 Fintech firms globally that reportedly provide Shariah-compliant products and services. As reported in late June… Read More

August 1, 2020 @ 11:29 am By Omar Faridi  |  

San Francisco based crypto exchange Coinbase says it plans to provide support for all assets that meet its technical standards and guidelines, which adhere to applicable laws and regulations. Coinbase notes that eventually, it expects its clients, throughout the world, to have access to at… Read More

August 1, 2020 @ 11:26 am By Omar Faridi  |  

Apple Inc.(NASDAQ: AAPL) has reportedly acquired Mobeewave Inc., a company with technology that aims to transform iPhones into mobile or digital payment terminals, according to sources familiar with the matter. Mobeewave’s technology allows consumers to simply tap their credit card or mobile phone on another… Read More

July 31, 2020 @ 7:51 am By Omar Faridi  |  

Many companies have either launched or are at least considering the possibility of conducting an initial public offering (IPO), despite the economic uncertainty created by the global COVID-19 outbreak. San Francisco-based Fintech firm Affirm, which was established by Max Levchin, the co-founder of PayPal, has… Read More

July 30, 2020 @ 10:47 am By Omar Faridi  |  

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, recently noted that as the Coronavirus-related lockdown measures are eased, many businesses in the United Kingdom are preparing to open up again. However, even for businesses that… Read More

July 28, 2020 @ 9:00 am By Omar Faridi  |  

Abra, the provider of a digital asset investing app, revealed on July 28, 2020, that it has launched new Abra Interest Accounts that offer investors an opportunity to earn as much as 9% interest p.a. on their crypto deposits and certain USD backed stablecoins. As… Read More

July 27, 2020 @ 5:18 pm By Omar Faridi  |  

Dave.com, which aims to be the finance version of David and Goliath taking on the big banks and “helping millions with money challenges,” has confirmed that a security breach took place on its platform. Dave, which claims to have “reinvented” many areas of traditional finance,… Read More

July 26, 2020 @ 9:28 am By Omar Faridi  |  

  Financial pressure or stress has become a part of the daily lives of many consumers, and now the COVID-19 outbreak has introduced even more financial pressure points or exacerbated pre-existing ones for individuals and families across the globe. John Smallwood, president at Smallwood Wealth… Read More

July 25, 2020 @ 3:05 pm By Omar Faridi  |  

Peer to peer (P2P) lending platform managers have different predictions or expectations about how Innovative Finance ISA (IFISA) inflows will perform during this tax year in the United Kingdom. David Bradley-Ward, CEO at Ablrate, an asset-backed lending platform, claims that net inflows on the platform… Read More

July 25, 2020 @ 2:04 pm By Omar Faridi  |  

New York-based Signature Bank (Nasdaq: SBNY), a cryptocurrency-friendly commercial bank with around $50 billion in total assets, has reported consistent and steady growth this quarter. According to the bank’s recent earnings call, it has achieved around $8 billion in deposit growth. Approximately 2.5% of these… Read More

July 25, 2020 @ 1:57 pm By Omar Faridi  |  

San Francisco-based crypto exchange Coinbase has reportedly grown its customer base to over 35 million retail and institutional digital asset investors. The Coinbase team noted in their Crypto H1 2020 report that the digital asset investor market has been maturing and growing steadily with many… Read More

July 23, 2020 @ 11:32 pm By Omar Faridi  |  

Affirm,  a point of sale credit provider that is currently working with over 2000 merchants, has teamed up with digital commerce marketplace, Shopify, to offer “Buy Now, Pay Later” installment options for merchants. Approved “Shop Pay” customers will have the option of splitting their total… Read More

July 22, 2020 @ 11:36 pm By Omar Faridi  |  

The US Federal Reserve has confirmed on multiple occasions that it has no immediate or concrete plans to introduce its own digital currency. However, Robert Bench, the Assistant VP working in the secure payments group at the Federal Reserve Bank of Boston, said that the… Read More

July 21, 2020 @ 8:49 pm By Omar Faridi  |  

Policybazaar, a digital insurance platform, is reportedly planning to conduct an initial public offering (IPO) next year at a valuation of more than $3.5 billion. If it’s successful, then it might potentially become the first of India’s major startups to carry out such a large… Read More

July 19, 2020 @ 6:08 pm By Omar Faridi  |  

San Francisco-based crypto exchange Coinbase announced on July 16, 2020, that it will support Algorand (ALGO) at Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers will be able to purchase, sell, convert, send, receive, or store ALGO. The digital asset exchange confirmed… Read More

July 19, 2020 @ 1:17 pm By Omar Faridi  |  

Lucinity, an AML software developer established by a compliance professional who previously worked at Citigroup, has acquired $6.1 million in capital. Meanwhile, Regtech company Hummingbird, which is also an anti-money laundering software developer, has finalized an $8.2 million Series A investment round. Lucinity’s recent round… Read More

July 18, 2020 @ 9:55 am By Omar Faridi  |  

Banking challenger Branch, a service provider that teams up with employers to assist workers with growing financially, recently revealed key findings from its second annual Branch Report. The digital challenger’s report looks at the financial, work, and lifestyle interests of hourly workers. As noted in… Read More