Tagged: us

July 19, 2022 @ 9:54 pm By Omar Faridi  |  

Apiture, which claims to be a “leading” provider of digital banking solutions, announced the closing of a $29 million fundraising round which was led by Live Oak Bank, with participation from other existing investors. The latest investment round “brings the total funding raised by Apiture… Read More

July 19, 2022 @ 2:26 pm By Omar Faridi  |  

Prosper recently shared their performance data from the Prosper Portfolio for June 2022. Highlights from the Prosper Performance Update – June 2022 are as follows: In June, approximately 57% of loan originations “were rated AA-B, remaining stable month-over-month.” The average loan size in June “decreased… Read More

July 19, 2022 @ 2:24 pm By Omar Faridi  |  

X1 Card, the “smartest” credit card “ever made,” recently announced $25 million in Series B funding and will be “opening applications to the general public in the U.S. in the coming weeks.” The investment round has been “led by FPV Ventures, the new venture firm… Read More

July 18, 2022 @ 1:11 pm By Omar Faridi  |  

The team at Blend (NYSE:BLND) recently welcomed Naman Khan to their leadership team At Blend, they believe the key to digital transformation in the financial services industry is the ability “to build personalized human connections with customers, and at the center of this is breakthrough… Read More

July 17, 2022 @ 10:31 pm By Omar Faridi  |  

MetaMask, which is ConsenSys’ mobile app and browser extension wallet, recently celebrated its 6th anniversary. MetaMask has “achieved 6 digit growth in Monthly Active Users (MAUs) since its inception.” The fast growth of the last two years can be “attributed to the frenzy of interest… Read More

July 17, 2022 @ 8:47 pm By Omar Faridi  |  

WebBank recently announced that it has committed to invest up to $250 million in the obligations of a securitization structure supported by Avant that are “secured by credit card receivables.” The investment will be used “to meet the continuing demand and growth of the Avant®… Read More

July 16, 2022 @ 3:06 pm By Omar Faridi  |  

SaaS or software-as-a-service firms are able to sign a deal, send an invoice, even receive funds. But they can’t book the revenue — or “recognize” it, in accounting lingo — “until they’ve delivered the service.” With SaaS, the bookkeeping “gets tricky,” according to an update… Read More

July 16, 2022 @ 1:17 pm By Omar Faridi  |  

American Express (NYSE:AXP) has launched the “refreshed” Blue Cash Everyday Card with “new online shopping rewards, credits for streaming and cooking at home, and a sleek new Card design.” Blue Cash Everyday now “offers 3% cash back on U.S. online retail purchases, at U.S. supermarkets,… Read More

July 16, 2022 @ 10:26 am By Omar Faridi  |  

LINE NEXT Inc., LINE’s venture dedicated to developing and expanding the global NFT ecosystem, announced that it has signed a strategic investment agreement “worth about $10 million with 10 companies.” As noted in an update shared with CI, SoftBank Corp., NAVER, NAVER WEBTOON, NAVER Z,… Read More

July 15, 2022 @ 8:02 am By Omar Faridi  |  

Illuminate Financial, the “thesis-driven” venture capital investor dedicated to early-stage FinTech and enterprise software companies, recently announced a strategic relationship with Citi (NYSE: C). Citi joins existing investors Jefferies, J.P. Morgan, Deutsche Börse Group and S&P Global “as a limited partner in Illuminate Financial’s venture… Read More

July 14, 2022 @ 4:05 pm By Omar Faridi  |  

Global Primex, a “privacy-first” payments company specializing in secure digital payment solutions for merchants and consumers, announced the launch of its payment platform VLoad in partnership with New York-based Metropolitan Commercial Bank (NYSE: MCB). VLoad is an online payment method that provides privacy and security… Read More

July 14, 2022 @ 8:01 am By Omar Faridi  |  

Persistent inflation, supply chain weaknesses and concerns over the severity of interest rate hikes are “pushing more business leaders to make difficult decisions to preserve the economic health of their companies.” This, according to the 2022 Working Capital Survey from C2FO, which claims to be… Read More

July 13, 2022 @ 2:50 pm By Omar Faridi  |  

Digital asset firm Gemini is pleased to announce support for Polkadot (DOT), which adds a new blockchain network to Gemini’s growing list of supported networks. DOT is now available “for trading on [their] API/FIX and ActiveTrader applications for USD trading pairs, and on the Gemini… Read More

July 12, 2022 @ 4:14 pm By Omar Faridi  |  

Paxos, the regulated blockchain infrastructure platform, has disclosed the “specific” financial instruments backing its “regulated” stablecoins USDP and BUSD. Moving forward, Paxos will “provide these detailed disclosures on a monthly basis in addition to its attestations.” These reports “provide the CUSIP of all instruments backing… Read More

July 10, 2022 @ 12:31 pm By Omar Faridi  |  

Finalis, which claims to be one of the “fastest-growing” tech platforms for dealmakers,  announced $10.7 million in seed funding led by VC firms, such as ANIMO Ventures, Chaac Ventures, Ulu Ventures, Tribe Capital and The Fund. The funding from the investment round will aim to… Read More

July 9, 2022 @ 3:15 pm By Omar Faridi  |  

i2c Inc., a provider of digital payment and banking tech, announced its partnership with Colorado-based financial tech firm Marygold & Co., in order to power the platform’s Tap to Pay Debit Mastercard and new “customer-centric” savings program. Leveraging i2c’s “plug-and-play” payment APIs, Marygold & Co…. Read More

July 7, 2022 @ 4:47 pm By Omar Faridi  |  

FNB Community Bank and Teslar Software announced their partnership “to streamline and automate lending processes.” The community bank is leveraging Teslar’s tracking and loan management software “to save time and increase operational efficiencies, freeing lenders to focus on the borrower experience.” Bill Croak, president and… Read More

July 7, 2022 @ 4:47 pm By Omar Faridi  |  

Revolut, the global financial super app with more than 18 million customers worldwide, has revealed new insights on spending on the Fourth of July. The US’s under 35s contributed “almost half of total spending yesterday, making up 57% of total transactions during the day.” 12%… Read More

July 5, 2022 @ 7:28 pm By Omar Faridi  |  

This summer, Gemini is making it easier for users to participate in the Solana ecosystem with Gemini’s Solana Summer fee promotion. Starting on July 1, 2022, the digital asset firm is “offering free USD trades to ActiveTrader and API (FIX and REST) users on the… Read More

July 4, 2022 @ 3:47 pm By Omar Faridi  |  

Paysafe (NYSE: PSFE), a specialized payments platform, recently announced its entry into the Arkansas mobile sports-betting market through a partnership with BetSaracen, the sportsbook app from Saracen Casino Resort in Pine Bluff, Arkansas, which is “owned by the Quapaw Tribe, based in Oklahoma.” The partnership’s… Read More