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Seedrs Reaches $1.4 Billion in Total Investments
U.K.-based crowdfunding platform Seedrs reached a major milestone in recent weeks. The company surpassed $1.4 billion (£1 billion) in investments made on its platform. This comes almost 12 years after...
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Five Things to Know about the Second Round of PPP Loans
The U.S. government has approved a second round of Paycheck Protection Program (PPP) loans. The Consolidated Appropriations Act of 2021, which was signed into law late last year, is the second...
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Mambu’s Valuation Soars to Over $2 Billion After $135 Million Investment
SaaS banking platform Mambu is even more prepared to support the banking-as-a service trend that’s sweeping the fintech industry. That’s because the Germany-based company received $135 million (€110...
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A Simple Eulogy
You’ve likely heard that BBVA has decided to shutter Simple, its in-house challenger bank. Yesterday, the company sent an email to accountholders stating, “BBVA USA has made the strategic decision to...
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Equifax to Buy Digital Identity Player Kount
Data and analytics company Equifax announced its acquisition of digital identity player Kount this week. The deal, which is pending regulatory approval, is set to close for $640 million in the first...
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The OCC OKs Stablecoins: What Does that Mean for Banks?
You’ve finally perfected your digital transformation strategy that was accelerated because of 2020’s global pandemic. What should you focus on now? Here’s an idea: stablecoin transactions. The U.S....
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A Helpful Guide for Nonprofit and Fintech Partnerships
This is a guest post written by Shannon Flynn, managing editor at ReHack.com. Financial tech and nonprofits have an opportunity to build partnerships and make the world a better place. If fintech...
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Blend Raises $300 Million for Mortgage and Consumer Banking Services
Shortly after expanding its offerings to include consumer banking tools, fintech innovator Blend announced it has landed $300 million in new funding. The series G financing round was led by Coatue and...
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Goldman Sachs Taps Marqeta to Power Checking Accounts for Marcus
Global card issuing platform Marqeta unveiled today that it has been tapped by Goldman Sachs to power checking accounts for its Marcus brand. The new digital checking accounts will launch for...
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DriveWealth Acquires Institutional Broker Dealer
Brokerage infrastructure API provider DriveWealth announced this week it acquired Cuttone & Company, a New York-based institutional broker dealer. Terms of the deal were not disclosed. DriveWealth...
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PensionBee Launches Pension Product for Self-Employed Workers
Online pension provider PensionBee is making it easier for the non-traditional workforce to save for their later years. That’s because the U.K.-based company is launching a new product designed for...
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China’s ByteDance Launches Mobile Payments for Douyin
Beijing-based ByteDance, the company behind TikTok, launched a mobile payments service for Douyin, which is China’s version of TikTok. The new mobile payments service, Douyin Pay, will compete with...
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Four Fintechs Crowned Unicorns in the First 3 Weeks of 2021
There’s not much room in 2021 for 2020-style pessimism. Sure, if you look, you can find plenty of things to be negative about so far this year. However, one aspect of 2021 that’s giving fintechs hope...
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How Plaid is Helping to Level the Fintech Playing Field
Banking technology innovator Plaid is kicking off Black History Month ahead of schedule this year. The San Francisco-based company announced the launch of FinRise today. FinRise is a nine month...
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Bryan Clagett Joins Moven as Chief Revenue Officer
Fintech veteran Bryan Clagett is making moves within Moven this year. Clagett was recently appointed Chief Revenue Officer of Moven after serving as an advisor to the New York-based company for six...
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NCR Acquires Cardtronics in $2.5 Billion Deal
Cardtronics found itself at the center of a bidding war this past month, with NCR Corporation submitting the winning bid this week. This comes after investment firms Apollo Global Management and...
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TrueLayer Taps the Power of Open Banking to Launch PayDirect
Financial app building platform TrueLayer has long been using the power of open banking to facilitate payment activities. Today, the U.K.-based company is taking another step to make the online...
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Dashlane’s New CEO Joins at Pivotal Moment
One of the top themes of 2020 was cybersecurity. The increase in online traffic, spurred by social distancing and stay at home orders, offered cybercriminals more hacking opportunities than in...
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What’s Next for Roostify After its $32 Million Series C Round
Digital home lending solutions provider Roostify landed $32 million in funding yesterday, bringing its total capital to $65 million. The round was led by Ten Coves Capital, and included contributions...
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In the Battle for Direct Deposits, Plaid Stands with the Little Guys
Plaid’s newest product is sure to make consumers happy and large banks slightly terrified. The company is tapping the power of direct deposits for its new launch, Deposit Switch. The new offering,...
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