Tagged: us

July 30, 2023 @ 11:28 am By Omar Faridi  |  

Funding Circle (LSE: FCH), which claims to be a leading online lending platform for small business borrowers, recently announced that Kanthi Muthiah has joined the company as U.S. Chief Product Officer. Kanthi, a former FICO, PayPal, and JP Morgan executive, will “support overall product strategy and… Read More

July 29, 2023 @ 11:47 am By Omar Faridi  |  

Cross River Bank, a New Jersey State chartered FDIC-insured bank known for its diversified commercial real estate (CRE) lending program and deep market experience, announced the closing of the second quarter, “totaling over $66 million in loans year-to-date.” Additionally, the team reports that it “saw… Read More

July 29, 2023 @ 10:07 am By Omar Faridi  |  

As a follow-up to the recent webinar Envestnet hosted with open banking experts around the world, we caught up with Lisa Novier, Head of Governance, Risk & Compliance at Envestnet Data and Analytics. Envestnet claims it has been at the forefront of open banking adoption… Read More

July 28, 2023 @ 10:25 am By Omar Faridi  |  

Craig Salm, Chief Legal Officer at Grayscale, notes that as we all await a decision from the DC Circuit in their lawsuit to convert GBTC to a spot bitcoin ETF, the firm’s legal team at Davis Polk submitted a comment letter “to GBTC’s pending 19b-4… Read More

July 27, 2023 @ 8:30 pm By Omar Faridi  |  

PayPal Holdings, Inc. (NASDAQ: PYPL) and Microsoft Corp. (Nasdaq: MSFT), recently announced Microsoft’s integration of PayPal’s Pay Later solution in the U.S., U.K., Australia, Germany, France, Spain, and Italy. In addition, customers in the U.S. will soon “have the option to pay with Venmo in… Read More

July 27, 2023 @ 8:26 pm By Omar Faridi  |  

Inside Addepar, a recap of key Addepar platform updates, research insights and client, partner and company developments, has shared that in July 2023, the firm introduced new product enhancements, which include “scheduling for daily reports and customizable charts in Navigator.” The Addepar Research team published… Read More

July 27, 2023 @ 2:24 pm By Omar Faridi  |  

Credix, with support from Clave, launched a “first-of-its-kind,” fully insured receivables pool. Inaugural investors include the Solana Foundation and Keyrock. The receivables pool offers an investment opportunity “to accredited investors seeking up to a double-digit yield while insuring credit risk.” More specifically, the pool, “which… Read More

July 26, 2023 @ 7:53 am By Omar Faridi  |  

Thales (Euronext Paris: HO) announces that it has reached an agreement with Thoma Bravo, a major software investment firm, for the acquisition of 100% of Imperva, a US-based data and application cybersecurity company, for an enterprise value of $3.6 billion1. With this acquisition, Thales is… Read More

July 26, 2023 @ 7:52 am By Omar Faridi  |  

Revolut, the global financial super-app with more than 30 million customers globally, consistent with its ongoing mission to give customers more control over their finances and connect people seamlessly across the world, announces it is “offering accounts to non-US citizens in the US, who do… Read More

July 25, 2023 @ 6:38 pm By Omar Faridi  |  

Chime is pleased to announce that Madhu Muthukumar has joined the company as our first Chief Product Officer (CPO). This appointment furthers Chime’s commitment “to creating the next wave of innovative products and services critical to their members’ needs and their long-term success as we… Read More

July 25, 2023 @ 5:52 pm By Omar Faridi  |  

Human Interest, which claims to be one of the fastest-growing 401(k) providers in the country, has been selected as the exclusive 401(k) partner for the Route Consultant Purchasing Alliance (RCPA), a membership organization “for logistics professionals. Human Interest’s retirement benefits are now available to over… Read More

July 25, 2023 @ 7:24 am By Omar Faridi  |  

Freebirds World Burrito, home of Texas’ “No. 1” Burrito, has partnered with DailyPay– the provider of on-demand pay. As a “best-in-class” employer, Freebirds World Burrito continues “to improve its employee benefits package in an effort to prioritize employee happiness, adding the financial wellness benefit of… Read More

July 24, 2023 @ 7:58 pm By Omar Faridi  |  

ProducePay, the marketplace transforming the global produce industry into a more connected and sustainable supply chain, and Four Star Fruit, one of the largest growers and shippers of table grapes, launched the fresh produce industry’s “first-of-its-kind” direct-to-retail supply chain program. Leveraging the ProducePay platform and… Read More

July 24, 2023 @ 4:36 pm By Omar Faridi  |  

Transaction volumes across US supply chains grew at their fastest pace in more than two years as domestic trade activity showed renewed signs of resilience following a recent slump, according to an update from TradeShift. Data from Tradeshift’s Q2 Index of Global Trade Health shows… Read More

July 23, 2023 @ 10:29 pm By Omar Faridi  |  

BNY Mellon (NYSE:BK) announced it is now live on the Federal Reserve’s new instant payment rail, the FedNow Service, making it one of the first banks to begin sending and receiving payments from participating institutions and support payment activity through settlement or liquidity services. FedNow… Read More

July 23, 2023 @ 5:40 pm By Omar Faridi  |  

Equifax (NYSE: EFX) recently announced financial results for the quarter ended June 30, 2023. Second quarter 2023 revenue of $1.318 billion “was flat and up 1% in constant currency against a mortgage market estimated to be down 37%.” Other key details shared by Equifax include:… Read More

July 23, 2023 @ 5:00 pm By Omar Faridi  |  

Consumer fintech Salmon announced it has secured a $20 million debt facility from U.S. emerging-markets specialist investment firm Argentem Creek Partners, enabling Salmon to further scale its lending operations across the Philippines. Building on significant investor interest in the debt placement, Salmon will expand its… Read More

July 21, 2023 @ 3:45 pm By Omar Faridi  |  

Citi (NYSE: C) has launched its Trade and Working Capital eLoans solution for its U.S. CCB clients. The solution is designed to help clients “meet their current and projected working capital needs through loan advances via Citi’s easy to use and secure eLoans platform.” The… Read More

July 20, 2023 @ 11:04 pm By Omar Faridi  |  

Airwallex, a global payments and financial platform for modern businesses, today announced a partnership with Brex, a U.S.-based financial technology company, to support its global expansion. Airwallex continues to “assemble a rapidly growing ecosystem of customers and partners, validating its position as a catalyzing force… Read More

July 20, 2023 @ 4:52 pm By Omar Faridi  |  

WisdomTree, Inc. (NYSE: WT), a global financial innovator, announced that WisdomTree Prime is now available, “granting investors access to the blockchain-enabled financial app built to save, spend, and invest in digital assets and WisdomTree Digital Funds.” The personal finance app is “available in the Apple… Read More