Clik here to view.
Flywire Begins Trading on NASDAQ
Global payments platform Flywire began trading on the Nasdaq today under the ticker FLYW. The Boston, Massachusetts-based company is offering 10,440,000 shares of its stock at $24 per share and...
View ArticleClik here to view.
Acorns Makes Public Debut via SPAC
Millennial investing app Acorns announced plans today to go public using a merger with a special purpose acquisition company (SPAC). The SPAC, Pioneer Merger Corp, is a blank check company founded in...
View ArticleClik here to view.
The Emergence of Childhood Investing Apps
Providing services for Generation Z is increasingly on the minds of both banks and fintechs alike. One such fintech, EarlyBird, is making it easy for a child’s community to invest in their future. We...
View ArticleClik here to view.
Three Strategies for Transitioning Customers to Digital Bill Payments
This is a guest post by John Minor, SVP of Product and Support at PayNearMe. Pay by check? Yes, that’s still a thing. In fact, nearly a quarter of consumers (22%) pay their monthly utility bill and 9%...
View ArticleClik here to view.
MotoRefi Receives $45 Million for Auto Refinancing Platform
Vehicle refinance startup MotoRefi pulled in a $45 million Series B round of funding this week. The Virginia-based company received the funds from investors including Goldman Sachs, which led the...
View ArticleClik here to view.
Mitek Acquires ID R&D
Identity verification and remote deposit capture solutions provider Mitek has acquired AI-powered biometrics company ID R&D this week. Terms of the deal were undisclosed. Under the agreement,...
View ArticleClik here to view.
Burgeoning Fintech Trends in Asia
When it comes to trends, Asia has always been ahead of the rest of the world. Because of this, it’s worth paying attention to the fintech themes that will be popping up at FinovateAsia. Taking place...
View ArticleClik here to view.
YieldStreet Raises $100 Million to Offer Investors Returns Beyond the Stock...
Alternative investment platform YieldStreet announced a Series C funding round this week totaling $100 million. The investment brings the New York-based company’s total funding to $279 million....
View ArticleClik here to view.
Temenos Ties Up with Huawei
Banking technology provider Temenos has teamed up with telecommunications equipment and consumer electronic giant Huawei this week. Through the partnership, Temenos will make its cloud-native core...
View ArticleClik here to view.
Trulioo Bags $394 Million in Funding, $1.75 Billion Valuation
Identity verification company Trulioo just closed a $394 million funding round. Investors include TCV, which led the round, with participation from existing investors Amex Ventures, Citi Ventures,...
View ArticleClik here to view.
NuBank’s $750 Million Funding Round Proves Digital Challengers Are Still in...
Digital banking giant NuBank is about to become even more gigantic. That’s because the Brazil-based pulled in $750 million in Series G funding. When added to the $400 million it raised in January, the...
View ArticleClik here to view.
SumUp Partners with Google Pay to Facilitate Business Payments
Global payments company SumUp announced this week that it is collaborating with Google Pay. The two have partnered to help merchants make business transactions safer and easier using their SumUp card,...
View ArticleClik here to view.
Stripe Launches Tax Tool for Businesses
Stripe is building out its tools for small businesses this week. The ecommerce technology company launched Stripe Tax, after completing a six month long pilot. The new tool helps businesses...
View ArticleClik here to view.
Is Niche Banking Here to Stay?
For several years now, there has been a rise in the number of digital banks taking on traditional banks, vying for a share of their client base. In the past couple of years, however, we’ve seen a...
View ArticleClik here to view.
Paysafe Acquires SafetyPay for $441 Million
In the latest fintech tie-up, Paysafe has acquired SafetyPay. The all-cash transaction marks Paysafe’s 13th acquisition and is expected to close for $441 million in the fourth quarter of this year....
View ArticleClik here to view.
Plaid Lands Funding from JP Morgan Private Capital & Amex
Financial data and infrastructure platform Plaid announced today that it received an undisclosed amount of new funding from J.P. Morgan Private Capital Growth Equity Partners and Amex Ventures, which...
View ArticleClik here to view.
4 Consumer Risk Modeling Innovations That Could Change Credit Scoring Forever
The following is a guest post by Todd Thomas, who has been in financial services for more than 20 years. According to data from the Urban Institute, the median FICO credit score for Hispanic consumers...
View ArticleClik here to view.
BOKU Launches New Mobile Payments Network
Mobile payments company BOKU announced its expansion beyond carrier billing today with the launch of M1ST, a mobile payments network. M1ST, also known as Mobile First, features 330+ mobile payment...
View ArticleClik here to view.
Meet Nerve, the Neobank that Turns Banking Up to 11
Remember when we mentioned that niche banking is here to stay? Cementing that fact is Nerve, 2021’s newest digital bank. Nerve differentiates itself by serving a unique customer segment– independent...
View ArticleClik here to view.
DriveWealth Raises $450 Million at $2.85 Billion Valuation
After recently receiving $450 million in funding, digital trading and brokerage company DriveWealth is now worth $2.85 billion. The investment brings the company’s total funding to $551 million. The...
View Article