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Chime is Making Up for the U.S. Government’s Slow Stimulus Payments
With many U.S. citizens out of work these days, some are struggling to put food on the table. Recognizing this need, the U.S. government has agreed to come to their aid by issuing $1,200 checks to...
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Open Banking in the Same Language
What happens when third party fintechs try to access banking data on behalf of their consumers, but each way has a different way of doing so? That’s exactly what’s happening in the U.S. right now, and...
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Payroll Company Paylocity Acquires Video Platform Provider
HR and payroll software solutions provider Paylocity made an acquisition today that will bring the company into the COVID-19 era. The Chicago, Illinois-based company announced it has purchased video...
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Sila, a Startup Founded by Shamir Karkal to Rethink ACH, Raises $7.7 Million
Blockchain-based payments company Sila announced today it has pulled in $7.7 million in Seed funding. The round was led by Madrona Venture Group and Oregon Venture Fund with contributions from Mucker...
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3 Ways to Avoid Occupy Wall Street 2.0
In a COVID-19 world, the rich may not necessarily be getting richer, but it has become clear that the virus is taking a toll on lower income populations. And with this, the global pandemic is shining...
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U.S. Neobank Upgrade Launches Contactless Card
When Upgrade set out to create a new banking experience in 2017, there’s no way the company could have envisioned what 2020 would bring. Now, with social distancing measures in place across the globe,...
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Building a Financial Advisor for Main Street America
We recently chatted with SuperMoney Founder and CEO Miron Lulic to give us an update on the company’s platform that helps consumers reach their financial goals. Miron, who strives on “creating...
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Goldman Sachs Launches POS Financing Product
With citizens across the globe finding themselves in a financial crunch, Goldman Sachs’ new product may be coming at just the right time. The investment bank launched a point-of-sale (POS) financing...
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Kyckr Deepens Relationship with Citi
Regtech company Kyckr, which first partnered with its client Citigroup in 2016, has extended its relationship with the bank. Kyckr announced today that it will now provide Citi Commercial Bank with...
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How to Underwrite Loans When Everyone is a Higher Risk
COVID-19 has rewritten so many rules about the economy. It is now more difficult than ever to underwrite risk and ultimately understand if a consumer will pay back their loan. The Wall Street Journal...
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Onfido Raises $100 Million Because “Identity is Broken”
Digital identity verification platform Onfido reeled in $100 million in a round led by TPG Growth this week. Salesforce Ventures, Microsoft’s M12 Capital, and others also participated. The...
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10 Fintechs that Make Taxes Less Taxing
Taxes, especially in the U.S., can be anxiety-inducing not only for consumers but also for small businesses. And even though this year’s tax filing deadline has been extended to July 15, the filing...
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Stripe Brings Home $600 Million- its Largest Funding Round Yet
Payment acceptance and business management platform Stripe announced an extension of its $250 million Series G funding round today. The additional $600 million in funds come from existing investors...
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Apiax on Why 2020 is Turning Out to Be the Year for Regtech
News from regtech companies has been flowing in 2020. Not only that, we saw significantly more regtech companies at FinovateEurope earlier this year than we have at previous events. To get some...
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Arxan Joins Two Firms to Form New Company
Application security company Arxan Technologies announced yesterday that it has joined forces with two other industry firms, CollabNet VersionOne and XebiaLabs, to form a new entity, Digital.ai....
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Paycheck Protection Program Loans Ran Out. Here’s Where the Money Went.
Since the U.S. government launched the Paycheck Protection Program (PPP) to help keep small businesses afloat as they grapple with the economic effects of COVID-19, the program has received plenty of...
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Empyr Acquired by Augeo, Becomes Figg
Commerce monetization company Empyr announced this week it has been acquired by its long-time partner Augeo, a loyalty and engagement firm. Financial terms of the deal were undisclosed. Under the...
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AvidXchange Brings Home $128 Million
Payment automation solutions company AvidXchange announced this week it added $128 million to its Series F funding round. When included with the $260 million the company raised earlier this year, the...
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BitPay Adds Binance’s Stablecoin to its Platform
Shortly after adding ETH, XRP, and three stablecoins to its platform, blockchain payment services provider BitPay announced today it has added one more to the mix. BitPay is collaborating with digital...
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FIS’ New Venture Arm Unveils Plan to Invest $150 Million in Fintechs
Fintech giant FIS unveiled a new venture arm today. The Florida-based company is targeting a goal to invest $150 million in fintechs over the course of the next three years. The investment arm will...
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