Tagged: united states

New York based Digital Banking Fintech Rho Technologies Acquires $15 Million via Series A Round led by M13 Ventures

New York-based Rho Technologies, a Fintech firm developing a platform focused on supporting business banking services, has acquired $15 million in capital through a Series A funding round – which was led by M13 Ventures. Rho’s investment round was also joined by Torch Capital, Inspired… Read More

Digital Brokerage Solution Provider DriveWealth to Offer API enabled Brokerage Tech for Retail Clients, after Acquisition of Cuttone & Co.

Digital brokerage solution provider DriveWealth, which notably secured $56.7 million through a Series C funding round in October 2020, is now planning to introduce its API-enabled brokerage technology platform for retail clients. The platform will be launched on the floor of the NYSE, following a… Read More

Digital Banking: Fintech Challengers in the US Grew Customer Base by Nearly 40%, UK Digital-Only Banks Report Growth as Well

With digital or neo banking gaining more users and popularity during the Coronavirus pandemic, the leading challenger banks in the US and Europe recently confirmed steady growth and adoption. Trading Platforms reveals that seven US or American challenger banks managed to record a combined user… Read More

GROUNDFLOOR Launches Pilot Program to Encourage Accessory Dwelling Unit (ADU) Growth in Atlanta

  Real estate crowdfunding platform GROUNDFLOOR announced earlier this week a new pilot program to spur the development of more accessory dwelling units (ADUs) in the Atlanta jurisdictions. According to GROUNDFLOOR, the initiative is designed to support developers who seek financing for the renovation or new construction… Read More

Mayor of Miami Says City is Considering Investing in Bitcoin (BTC) while Making its Business Environment More Appealing to Tech Firms

The Mayor of Miami says he wants to make his city more attractive or appealing to the technology sector by embracing Bitcoin (BTC), the flagship cryptocurrency, and even investing a certain amount of government funds in the digital asset. Mayor Francis Suarez noted that if… Read More

Fintech Infrastructure Developer Alchemy Partners Plaid to Help Businesses with Account and Asset Verification

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

U.S. Financial Service Platform Provider NYMBUS Announces New Industry Advisory Board

NYMBUS, a U.S. financial service platform provider, announced on Friday that Rilla Delorier and John Janclaes have joined its new industry advisory board. According to NYMBUS, the inaugural team of executives will provide valuable perspectives for helping more financial institutions accelerate their digital growth with… Read More

Over $400 Million Now Staked as Part of Ethereum 2.0 Staking Service Offered by Digital Assets Exchange Kraken

Digital asset exchange Kraken has issued an update on cryptocurrency staking options for Ethereum 2.0, a major (and very gradual) system-wide update of the Ethereum blockchain from its current proof-of-work (PoW) based consensus algorithm to a proof-of-stake (PoS) consensus mechanism. In December 2020, Kraken introduced… Read More

X1 Card Raises $12 Million Through Latest Investment Round Led By Spark Capital

  XI Card, a U.S.-based smart credit card company, announced on Thursday it raised $12 million through its latest investment round, which was led by Spark Capital with participation from Jared Leto, Box CEO Aaron Levie, Yelp CEO Jeremy Stoppelman, Affirm CEO/PayPal Co-Founder Max Levchin,… Read More

Gemini, a New York Trust Company and Qualified Custodian, Now has Over $10 Billion in Digital Assets under Custody

Gemini Trust Company, LLC (Gemini), a cryptocurrency exchange and custodian, revealed on January 12, 2020 that it has now surpassed $10 billion in digital assets under custody. The Gemini team confirmed in a blog post that they’re pleased to announce that the crypto firm now… Read More

U.S. Fintech Vesica Raises $2.1 Million Through Seed Funding Round

U.S.-based fintech Vesica announced earlier this week it raised $2.1 million through its seed funding round, which included investments from Mercury Digital Assets and Miami International Holdings. Vesica shared its flagship product, SHIFT, empowers traders with a “front page view” of financial markets by providing… Read More

U.S. Fintech MX Secures $300 Million Through Series C Financing Round; Increases Valuation to $1.9 Billion

  U.S.-based money experience company MX announced on Wednesday it has raised $300 million in a Series C funding round led by a $150 million investment from TPG Growth with additional participation from new and existing investors including CapitalG, Geodesic Capital, Greycroft, Cota Capital, Canapi Ventures, Digital Garage, Point72… Read More

Rapyd Scores $300 Million Through Series D Funding Round Led By Coatue; Doubles Valuation to $2.5 Billion

  B2B fintech-as-a-service provider Rapyd announced on Wednesday it secured $300 million through its Series D financing round, which was led by Coatue with participation from Spark Capital, Avid Ventures, FJ Labs, Latitude, General Catalyst, Oak FT, Tiger Global, Target Global, Durable Capital, Tal Capital,… Read More

Digital Financial Services from Chinese Banks are Generally Better than other APAC Countries, and Some European, North American Providers: Report

A recently published whitepaper from Massachusetts-based International Data Corporation (IDC) and Huawei examines how banking institutions across the globe have been dealing with the COVID-19 outbreak. The paper identifies or recommends the way forward in a post COVID world which is now considered the “new… Read More

U.S. Fintech Relay Payments Raises $43 Million in Funding Over the Past Six Months

Relay Payments, a U.S.-based fintech, announced on Tuesday it raised $43 million in funding over the past six months as it continues to “transform” payment processing within the supply chain industry.  Relay Payments describes itself as an end-to-end payment solution that takes the frustration out… Read More

U.S. Payment Operations Software Provider Modern Treasury Scores $38 Million Through Series B Investment Round Led By Altimeter Capital

  Modern Treasury, a U.S.-based payment operations software provider, announced on Tuesday it secured $38 million Series B funding round, which was led by Altimeter Capital with participation from Benchmark and Y Combinator. Modern Treasury states that it enables its clients to marry bank statements… Read More

U.S. Fintech Artis Announces New Bank Funding Partneship With Drummond Community Bank

Artis Technologies, a U.S.-based fintech that provides lending solutions for businesses, announced on Tuesday it has entered into a new bank funding partnership with Drummond Community Bank for its Artis Credit platform. According to Artis, the funding will fulfill consumer loans originating through the company’s… Read More

Update: Family Finance Mobile App Jassby Completes SeedInvest Round With More Than $2.9 Million Raised

  Jassby, Inc., a U.S.-based family finance mobile app startup, has successfully raised more than $2.9 million through its SeedInvest funding round. As previously reported, Jassby stated it has developed the “next big payment system” that offers families a service through which kids may receive… Read More

Digital Asset & Blockchain Tech Focused Company BTCS Reports 1327% Year-Over-Yeah Gain in Digital Assets

BTCS Inc. (OTCQB: BTCS), a U.S.-based digital asset and blockchain technology-focused company, announced on Monday the latest update of its business and digital asset portfolio. Founded in 2013, BTCS claims to be one of the first U.S. publicly traded companies focused on digital assets and… Read More

Digital Investment Platform For Financial Advisors Altruist Announces New Investment & Additional Board of Directors

Altruist, a fully-integrated digital investment platform for financial advisors, announced today it has closed an additional round of funding through its latest investment round, which will accelerate its mission of disrupting the custodial offering for independent advisors. According to Altruist, the investment round was led… Read More

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