Tagged: us

June 30, 2023 @ 10:47 pm By Omar Faridi  |  

Revolut, the global financial super-app with more than 30 million customers globally, has launched a Robo-advisor in the US. The new feature “manages investment portfolios on behalf of customers to remove the friction from investing with lower fees than traditional companies.” Based on responses from… Read More

June 30, 2023 @ 11:30 am By Omar Faridi  |  

ForwardAI, a fintech providing aggregated direct data access to accounting and ERP platforms, announced the launch of the Forwardly Partner Program, which offers rewards to accountants, bookkeepers and financial professionals who refer business to Forwardly, the first real-time payments solution for small businesses in the… Read More

June 30, 2023 @ 6:17 am By Omar Faridi  |  

Texas Capital Bank is on a mission “to harness innovation and help clients thrive. Amid an ongoing transformation in support of those goals, the firm is partnering with Extend to give clients a modern spend management platform with the power of virtual cards – all… Read More

June 29, 2023 @ 5:48 pm By Omar Faridi  |  

Silicon Valley Bank (SVB), a division of First Citizens Bank, announced that it has provided a $50 million warehouse facility to Achieve, the leader in digital personal finance. Achieve provides personal loans “to help with debt and cash flow, home equity lines of credit, as… Read More

June 29, 2023 @ 8:49 am By Omar Faridi  |  

Binance, which claims to be the largest crypto exchange that’s being sued by US regulators for a wide range of issues, has now had its European banking partner Paysafe Payment Solutions (NYSE: PSFE) reveal that it will stop offering its embedded wallet solution to the… Read More

June 28, 2023 @ 2:37 pm By Omar Faridi  |  

Sendwave, the remittance brand making sending money across borders easy and affordable, announces Sendwave Pay. Sendwave Pay is a banking product “available to select Sendwave customers based in the United States.” Sendwave Pay provides existing Sendwave users “access to a FDIC-insured bank account with an… Read More

June 28, 2023 @ 11:56 am By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) has announced separate lawsuits against crypto giants, Binance and Coinbase. A brokerage company now claims that it has a blueprint in order to bring crypto trading into the larger regulated market. As first reported by the WSJ, Prometheum’s… Read More

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

We recently spoke with Raffaele Sadun, CFO of C2FO, a US-based global Fintech platform that’s on a mission to provide every business with equitable, convenient access to working capital. As Sadun explains, working capital isn’t just nice to have — it’s essential for business growth… Read More

June 27, 2023 @ 6:18 pm By Omar Faridi  |  

Kin, the direct-to-consumer home insurance company built for every new normal®, earlier this month announced its expansion into Alabama. Building upon Kin’s success in Florida and other coastal states, where it insures nearly $45 billion in assets, Kin is continuing its mission “to deliver affordable… Read More

June 27, 2023 @ 6:10 pm By Omar Faridi  |  

More than half—52%—of the Fortune 100 have “pursued crypto, blockchain or web3 initiatives since the start of 2020, according to recent research results shared by Coinbase (NASDAQ:COIN). As mentioned in a blog post, about 60% of Fortune 100 initiatives “reported since the start of 2022… Read More

June 27, 2023 @ 9:45 am By Omar Faridi  |  

The final phase of a multi-stage process is now complete, and online savings platform SaveBetter has officially rebranded as Raisin. This change comes as the Berlin-headquartered Fintech platform “streamlines its identity across all markets to capitalize on brand awareness.” Globally, Raisin operates “as a free… Read More

June 26, 2023 @ 3:36 pm By Omar Faridi  |  

The Financial Technology Association (FTA) welcomed Pipe as its newest member. Pipe claims it is “the modern capital platform, built to connect entrepreneurs, and small and mid-size business owners to fast, frictionless, dilution-free financing, helping them scale and operate on their terms.” Penny Lee, President… Read More

June 25, 2023 @ 12:30 pm By Omar Faridi  |  

MakerDAO, which claims to be the “longest-standing” DeFi lending protocol and creator of DAI, the original decentralized stablecoin, has announced that it has “completed the purchase of an additional $700 million worth of US treasuries, bringing the value of its total bond allocation to $1.202… Read More

June 23, 2023 @ 7:25 pm By Omar Faridi  |  

MPOWER Financing, a mission-driven Fintech firm and a leading provider of scholarships and no-cosigner loans to promising students from around the world, has announced the launch of the Global Citizens Fund, a 501(c)(3) nonprofit scholarship fund designed to support refugee, DACA, and international students more… Read More

June 23, 2023 @ 9:22 am By Omar Faridi  |  

Robinhood Markets, Inc. (NASDAQ:HOOD) has entered into an agreement to acquire San Francisco-based X1 Inc., a platform that “offers a no-fee credit card with rewards on each purchase.” According to Robinhood, this marks “an important step in their journey towards broadening their product offerings and… Read More

June 22, 2023 @ 9:43 am By Omar Faridi  |  

JPMorgan Chase (NYSE: JPM) has reportedly appointed Teresa Heitsenrether to serve as the Head of a data and analytics division. This, according to a report from Bloomberg on Wednesday (June 21, 2023). This new appointment is part of the banking institution’s wider focus on artificial… Read More

June 20, 2023 @ 5:44 pm By Omar Faridi  |  

R3, the enterprise distributed ledger technology (DLT) and services firm, announced the next generation of its flagship platform Corda at its hosted event in New York. The updated version has been “designed for global financial market infrastructure providers and central banks to enable applications to… Read More

June 20, 2023 @ 11:31 am By Omar Faridi  |  

Venture capital (VC) funding activity in the US experienced a significant decline from January to May 2023. A total of 3,532 VC funding deals of worth $55.3 billion “were announced in the US during the period.” This represents “a year-on-year (YoY) decline of 36.4% in… Read More

June 19, 2023 @ 6:52 pm By Omar Faridi  |  

SimpleNexus, an nCino (NASDAQ: NCNO) company and developer of the U.S. homeownership platform for loan officers, borrowers, real estate agents and settlement agents, announced a new integration with Empower, Black Knight’s loan origination system (LOS). The bidirectional integration, “available to financial institutions including independent mortgage… Read More

June 19, 2023 @ 6:49 pm By Omar Faridi  |  

Human Interest, which claims to be one of the “largest” and “fastest-growing” 401(k) providers in the country, says it is the first “to offer a 3% cash back reward to participants who start saving for retirement.” The incentive is “available to all eligible participants on… Read More