Tagged: utah

March 12, 2023 @ 3:16 pm By Omar Faridi  |  

Pacaso, the real estate platform that helps people buy and co-own a luxury second home, shares a significant moment for co-ownership with the passage of Utah SB 271. The passage of the bill, sponsored by Sen. Michael McKell and Rep. Val Peterson, means the benefits… Read More

January 24, 2023 @ 10:06 am By Omar Faridi  |  

BIGG Digital Assets Inc. (CSE: BIGG), owner of Netcoins, the online cryptocurrency brokerage that makes it easy for North Americans to buy, sell, and understand cryptocurrency, and Blockchain Intelligence Group, a developer of blockchain technology search, risk-scoring and data analytics solutions, is pleased “to report… 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

January 19, 2022 @ 1:55 am By Omar Faridi  |  

MX, the financial data platform and provider of modern connectivity, reveals that Shane Evans has been appointed as the firm’s interim CEO and member of the Board of Directors, effective immediately. Evans succeeds MX founder Ryan Caldwell who is transitioning from his role as Chief… Read More

November 16, 2021 @ 10:00 am By Omar Faridi  |  

Podium, a communication and payments platform for local businesses, announced on November 15, 2021 that it has acquired $201 million in capital via a Series D round that has been led by YC Continuity, along with contributions from Durable Capital Partners, Arpex Capital, Accel, Album… Read More

July 1, 2021 @ 6:35 pm By Tony Zerucha  |  

Former Utah state legislator Aaron Tilton is one of the leaders of the new cryptocurrency services provider SmartFi. The company offers decentralized and centralized crypto services for individuals, companies, and institutions. SmartFi follows in the footsteps of Power Block Coin, which since 2017 has offered… Read More

June 8, 2021 @ 7:19 pm By Omar Faridi  |  

Paysafe (NYSE: PSFE), a specialized payments platform, recently revealed that it has extended its partnership with Utah-based IntelliPay, a provider of an “intelligent” Cloud-enabled payment service (including alternative payment models). IntelliPay, which utilizes Paysafe’s payment processing platform, will reportedly be adding the Paysafecash online cash… Read More

February 27, 2021 @ 2:55 pm By Omar Faridi  |  

Silicon Valley-based Fintech Unicorn Brex recently explained how selling wholesale can help your business expand its operations. Brex notes that many digital commerce business owners start out quite small: an online shop or retail location, a “handful of new products” and perhaps a couple of… Read More

January 15, 2021 @ 6:30 pm By Omar Faridi  |  

Alchemy Technologies, an established Fintech infrastructure development firm headquartered in Utah, has teamed up with financial technology firm Plaid, which provides a data network that powers the software tools that millions of consumers are using to “improve their financial lives.” Alchemy is notably one of… Read More

December 14, 2020 @ 8:09 pm By JD Alois  |  

LendingClub (NYSE: LC) has received a nice recognition from the Salt Lake Tribune. A relatively recent presence in Utah, LendingClub has been rccognized as a Top Workplace for 2020. According to a note from LendingClub,  the list is based solely on employee feedback gathered through… Read More

January 8, 2020 @ 8:58 am By Omar Faridi  |  

Chicago-headquartered Clearcover, a company focused on improving the way people acquire car insurance, has completed its third investment round. Clearcover revealed on January 3 that it had finalized a $50 million Series C round, which was led by OMERS Ventures. Existing investors American Family Ventures,… Read More

November 11, 2019 @ 1:02 pm By JD Alois  |  

The Salt Lake Tribune has named LendingClub (NYSE: LC) as the number one top workplace in Utah for mid-sized companies. The list is based on employee feedback gathered through a third-party survey administered by research partner Energage. Additionally, LendingClub was recognized with a special award:… Read More

September 13, 2019 @ 10:46 am By JD Alois  |  

San Francisco Losing Fintech Lustre The Utah Governor’s Office of Economic Development (GOED) has announced that Fintech Brex will open its new location in the Salt Lake Valley. The new office is said to create up to 1,000 new jobs over the next seven years…. Read More

July 14, 2019 @ 9:48 pm By Samantha Hurst  |  

State of Utah Department of Commerce announced earlier this month it is launching a regulatory sandbox specifically for fintech startups in the state. According to Francine A. Giani, Executive Director of the Utah Department of Commerce and Utah Representative Marc Roberts (R-Provo), the government service… Read More

February 1, 2018 @ 10:05 am By Samantha Hurst  |  

Earlier this week, online lending platform SoFi announced to its employees that, despite its successes in 2017, it will be laying off 65 employees (5% of its 1,300 workforce) in its mortgage-operations centers in Healdsburg, California and Cottonwood Heights, Utah. According to the Wall Street Journal,… Read More

March 19, 2017 @ 10:31 am By JD Alois  |  

Utah, like a majority of the other states, is attempting to enact an instrastate crowdfunding exemption. The bill has been meandering between the House and the Senate since the beginning of the year. Co-sponsored by Representative Brian M. Greene and Senator Wayne A. Harper, the bill… Read More

September 7, 2016 @ 4:02 pm By Samantha Hurst  |  

On Wednesday, RealtyShares announced real estate firm, Blue Mountain, has secured $3 million for a Salt Lake City residential property development fund. The real estate crowdfunding platform revealed Blue Mountain would purchase over 200 underperforming homes through the development fund, which is the fourth single-home fund that the… Read More

May 6, 2016 @ 8:34 am By Samantha Hurst  |  

Lendio, an online service that helps business owners find small business loans, announced on Friday its top 10 best states for small business lending. This list was created in celebration of National Small Business Week and is based on lending data from the platform, which… Read More

June 12, 2015 @ 9:12 am By Samantha Hurst  |  

Utah-based insurance reimbursement company, Zane Benefits, announced that it has closed a $1.5 million equity financing from existing investors, with participation from Kickstart Seed Fund and Royal Street Investment and Innovation Center. The equity round will provide funding to accelerate Zane’s rapid revenue growth and the… Read More

November 13, 2014 @ 8:16 am By Samantha Hurst  |  

Draper, Utah-based FŪZ Designs announced on Wednesday (November 12th) that it has been named a 2015 CES Best of Innovation Awards recipient for its product, Noke, which has been considered the world’s first bluetooth padlock. The award was revealed at Tuesday (November 11th) during the… Read More