Tagged: us

February 8, 2022 @ 12:58 am By Omar Faridi  |  

SuperSeed, a VC company investing in the future of business automation, announced that it has finalized the initial closing of its new fund at £31 million, aiming for a final close of £50 million. The fund will be investing anywhere between £500,000 and £1,500,000 into… Read More

February 7, 2022 @ 10:38 pm By Omar Faridi  |  

CommerzVentures, a “return-driven,” non-strategic venture capital investor, has shared a detailed report on climate Fintech, which covers venture capital funding for Fintech companies. The report reveals that in this sector, net-zero economies reached a record high last year. Surveying several climate Fintechs across European and… Read More

February 7, 2022 @ 11:50 am By Omar Faridi  |  

MX, the financial data platform and key player in modern connectivity, has teamed up with Cadence Bank (NYSE: CADE) in order to help the organization identify trends in their customer financial data and to use those insights “to grow their interchange revenue and better connect… Read More

February 6, 2022 @ 7:24 pm By Omar Faridi  |  

PAI, a company focused on ATM portfolio management tools and services, announced that it has acquired Texas-based TouchPoint 21, a firm specializing in ATM and cash management outsourcing for financial institutions. As mentioned in the update, the acquisition brings a proven managed service model to… Read More

February 6, 2022 @ 6:27 pm By Omar Faridi  |  

Alkami Technology Inc. (Nasdaq: ALKT), a Cloud-powered virtual banking solutions provider for US banks and credit unions, announced the introduction of Alkami Activate, a marketing service that assists financial institutions with engaging digital banking clients with end-user awareness and explainer videos, targeted propensity lists, and… Read More

February 6, 2022 @ 11:48 am By Omar Faridi  |  

Amount, a banking tech provider offering account opening, loan origination and BNPL financing solutions, recently confirmed the acquisition of Linear Financial Technologies, the SMB loan and account origination platform. Linear’s solution set is “complementary to Amount’s retail banking and BNPL solutions for consumer loans,” according… Read More

February 5, 2022 @ 9:06 pm By Omar Faridi  |  

Bank of Baroda, one of India’s largest banking institutions, had been looking to boost efficiencies, implement the latest digital technology and provide a more connected customer experience. With these objectives in mind, it chose NCR Corporation (NYSE: NCR), an international enterprise tech provider, and its… Read More

February 5, 2022 @ 4:20 pm By Omar Faridi  |  

BlueVine recently announced that it increased the size of its BlueVine Line of Credit warehouse debt facility with Atalaya by two new lenders, “both advised by 20 Gates Management, and increasing the committed amount to $150M, with the ability to upsize the facility to $300M.”… Read More

February 4, 2022 @ 9:55 am By Omar Faridi  |  

Outstanding shares of crypto-asset marketplace Bakkt Holdings Inc. (NYSE: BKKT) have fallen to an all-time low, eliminating about $10 billion in market value after achieving a record high (after the company’s highly-anticipated public market launch in October of last year). The Bakkt platform, which is… Read More

February 4, 2022 @ 6:34 am By Omar Faridi  |  

VC firm Founders Fund has reportedly led an investment in Ramp, a corporate credit card and spending management software firm that launched a few years back. The company is now valued at $8 billion (including the investment). This, according to sources familiar with the matter… Read More

February 3, 2022 @ 4:12 pm By Omar Faridi  |  

Consumers and businesses reportedly sent 1.8 billion payments via the Zelle Network during 2021, an increase of 49% from a year prior, Early Warning Services, LLC, the network operator behind Zelle, confirmed on February 2, 2022. Those payments “totaled $490 billion, up 59%.” Al Ko,… Read More

February 3, 2022 @ 2:46 pm By Omar Faridi  |  

NEXT Insurance, the digital Insurtech firm streamlining small business insurance, has announced that it’s expanding its next-gen coverage to businesses in the Auto Services & Repair sector. The firm is providing its all-digital General Liability (GL), Workers’ Compensation (WC), Commercial Auto (CA) & Commercial Property… Read More

February 3, 2022 @ 12:11 pm By Omar Faridi  |  

Paysend, the card-to-card pioneer and global payments platform, has announced that the company is expanding its peer-to-peer money transfer services internationally. Via the implementation of Visa Direct, a real-time push payment platform, Paysend’s U.S. clients can send money to eligible Visa cards in 107 countries… Read More

February 2, 2022 @ 11:30 pm By Omar Faridi  |  

Royal Park Partners, which claims to be one of the leading financial advisors to the Fintech sector, recently announced that it is expanding its leadership team following a year of steady growth. Abhimanyu Toor and John Clark will reportedly join co-founder Aman Behzad as Managing… Read More

February 2, 2022 @ 3:31 pm By Omar Faridi  |  

C2FO, which claims to be largest global platform for working capital, has shared details of its record-setting business growth last year, “highlighted by the $54.7 billion in funding that the company enabled for businesses worldwide, an increase of 57% versus 2020 totals.” Beyond transaction volumes,… Read More

February 2, 2022 @ 9:07 am By Omar Faridi  |  

Republic Realm, one of the “most active” developers of the Metaverse and NFT ecosystem, recently announced the introduction of the inaugural collection of GFTs in collaboration with Atari, one of the most “iconic” brands. GFTs are NFTs specifically designed for gifting, and they “initially appear… Read More

February 1, 2022 @ 2:59 pm By Omar Faridi  |  

Brian Armstrong, CEO and Co-Founder of digital asset firm Coinbase (NASDAQ: COIN), confirms that commerce pioneer and open-source programmer, Tobias Lütke will bring his extensive experience and perspective to bear as Coinbase continues to expand its global presence and develop new products. Armstrong wrote in… Read More

February 1, 2022 @ 2:56 pm By Omar Faridi  |  

Many US consumers face complications, challenges or adversity when carrying out purchases because the name on their debit card doesn’t match “who they truly are.” T-Mobile (NASDAQ: TMUS) announced (on January 31, 2022) True Name® by Mastercard® for T-Mobile MONEY, allowing all clients, including transgender… Read More

February 1, 2022 @ 9:06 am By Omar Faridi  |  

Alan Lane, CEO at Silvergate Capital (NYSE:SI), has noted that the bank holding company aims to introduce a stablecoin by the end of 2022.  The plan has been revealed after the firm’s recent acquisitions of assets and intellectual property (IP) from Meta’s (Facebook) (NASDAQ:FB) crypto project… Read More

January 31, 2022 @ 5:57 pm By Omar Faridi  |  

Digital asset exchange Okcoin has reportedly become the first crypto trading platform in the world to list NYCCoin, which is the CityCoin for New York City. As explained in the update from Okcoin, the NYCCoin (NYC) is the CityCoin for New York City. The first… Read More