Tagged: us

June 13, 2022 @ 3:04 pm By Omar Faridi  |  

Vincent, the alternative investment search platform, recently announced VALT Asset Management will provide investors access to “world-class” alternative assets once “reserved only for institutional investors.” Open for investments, VALT offers portfolios of institutional-grade alternative assets — “including venture capital, cryptocurrency, collectibles, real estate, art, and… Read More

June 11, 2022 @ 4:35 pm By Omar Faridi  |  

Nekoosa Port Edwards State Bank recently became the 1,000th financial institution to offer Zelle® via Fiserv, Inc. (NASDAQ: FISV), a global provider of payments and financial services technology solutions. Zelle® allows consumers “to send and receive money directly from one U.S. bank account to another,… Read More

June 9, 2022 @ 2:10 pm By Omar Faridi  |  

Compute North, a firm focused on sustainable, large-scale computing infrastructure, has announced the appointment of Satyen Yadav as Chief Technology Officer “to advance innovation in distributed computing services, including cloud computing for machine learning applications.” As covered, Compute North works with clients in the blockchain/DLT,… Read More

June 8, 2022 @ 10:44 am By Omar Faridi  |  

It’s been over ten years now since digital lending software provider Blend (NYSE:BLND) launched its business. Blend noted that it is almost hard to believe that “at that time the mortgage process was largely manual, time-consuming, and paper-based.” Blend also mentioned that they believed that… Read More

June 5, 2022 @ 2:28 pm By Omar Faridi  |  

AI and machine learning (ML) focused VC investment slumped in line or consistent with the market but retained “resilient valuations” as the market sorts through the fallout from the recent technology crash. As noted in an update shared by Pitchbook, funding “slumped 21.1% QoQ to… Read More

June 4, 2022 @ 10:59 am By Omar Faridi  |  

Crypto exchange Bitstamp recently announced the launch of its Earn product in the United States. For the “first” time, Bitstamp is offering its U.S. retail and institutional customers the ability “to participate in staking through its secure, regulated platform, earning up to 5% yield compared… Read More

June 3, 2022 @ 4:01 pm By Omar Faridi  |  

KeyBank (NYSE: KEY) recently announced the release of its end-to-end payment facilitation capabilities, allowing software companies “to easily own and process payments.” The concept of embedding financial products like payments and lending into software “is at the forefront of the financial services industry.” This release… Read More

June 3, 2022 @ 2:50 pm By Omar Faridi  |  

Dave Inc. (NASDAQ: DAVE) announced the arrival of cash back rewards “for all Dave Spending members with the launch of Dave Rewards.” Dave is the banking app on a mission “to create products that level the financial playing field.” This new offering “enables Dave’s members… Read More

June 3, 2022 @ 10:30 am By Omar Faridi  |  

Vestwell, the modern Fintech engine powering savings and investment programs for small businesses and individual savers, recently announced that the Commonwealth of Virginia has selected it “as the program administrator for RetirePath VirginiaSM.” The partnership will “provide Virginians with access to a workplace retirement plan… Read More

June 3, 2022 @ 9:17 am By Omar Faridi  |  

Global tax software provider Sovos has announced that it is moving its office from the outskirts of Atlanta to the heart of the city in order “to attract diverse and rich talent that will fill new roles in sales, technology and finance positions as the… Read More

June 2, 2022 @ 8:14 am By Omar Faridi  |  

First Internet Bank recently announced that it has “raised its minimum hourly wage for full-time employees to $20.00.” The move is in response “to rising inflationary economic trends and reflects the Bank’s overall commitment to attracting and retaining talented employees.” Nicole Lorch, President and Chief… Read More

June 2, 2022 @ 1:07 am By Omar Faridi  |  

Visa (NYSE: V), a “world leader” in digital payments, announced that it is partnering with Fundbox, an embedded working capital platform for small businesses, to strengthen Fundbox’s platform “with the power of digital payments.” The first step in this collaboration “is the launch of the… Read More

June 1, 2022 @ 10:00 pm By Omar Faridi  |  

We recently connected with Craig Blitz, Chief Product Officer at Digital Asset, which is building the platform, developer tools, and leveraging the best modern infrastructure providers “to change how businesses interact.” Digital Asset (the company) is the creator of the Daml multi-party application platform. Our… Read More

June 1, 2022 @ 11:32 am By Omar Faridi  |  

Glory, which claims to be a global “leader” in cash technology solutions to the financial and retail industries, has announced their participation in the fundraising round by Clip Money Inc. (TSXV: CLIP) a Fintech operating in Canada and the US. Clip Money “simplifies the challenges… Read More

May 30, 2022 @ 5:17 pm By Omar Faridi  |  

WestCap made an investment in Addepar via its Strategic Operator Fund and as a partner at the firm, Jaime Hildreth has had a “front-row seat” to witness Addepar’s steady growth in recent years. Her experience at the “nexus” of technology and private capital markets brings… Read More

May 29, 2022 @ 4:59 pm By Omar Faridi  |  

Blockware Solutions (BWS), which claims to be an industry “leader” in blockchain infrastructure and Bitcoin mining, is pleased to form a partnership with SEVA. Blockware Solutions has initiated a large-scale 150-megawatt development “to expand its Bitcoin mining operations in SunPark, an extension of Rock Creek… Read More

May 28, 2022 @ 7:37 pm By Omar Faridi  |  

The team at Prosper recently shared their performance data from the Prosper Portfolio for April 2022. Highlights from the Prosper Performance Update – April 2022 are as follows: In April, approximately 56% of loan originations “were rated AA- B, remaining stable month-over-month.” Average loan size in… Read More

May 28, 2022 @ 7:10 pm By Omar Faridi  |  

LevelField Financial, the U.S. financial services firm uniting digital assets and traditional banking services in one “trusted” platform, has selected METACO, the provider of digital asset custody orchestration technology “to complex, global financial institutions.” LevelField is deploying its institutional digital asset management operations on IBM… Read More

May 27, 2022 @ 8:36 am By Omar Faridi  |  

Clearpay, a key player in Buy Now, Pay Later payments known as Afterpay outside the United Kingdom and Europe, has made its in-store payment functionality available to SMBs across the UK’s high streets. By providing installment payments in-store, Clearpay is supporting them to drive more… Read More

May 26, 2022 @ 8:22 am By Omar Faridi  |  

Weave (NYSE: WEAV), the “all-in-one” customer communication platform for small business, has signed a multi-year integration partnership with Sunbit, the Buy Now, Pay Later (BNPL) technology “for everyday needs and services.” Sunbit’s technology will “power Buy Now, Pay Later solutions for healthcare practices across the… Read More