Category : Finance

Finance News

Cash Back Payout of $38+ Million Benefits DFCU Members, Local Communities

Fintech News Desk
by Fintech News Desk0
DFCU Financial infuses dollars into local communities with its unprecedented Cash Back payout. Eligible members will receive $38.2 million this year for a total of more than $430 million paid back through the program since its inception. The 2023 payment—the credit union’s own local stimulus package—is the largest in the......
Finance News

TPG to Acquire Poonawalla Housing Finance at Valuation of INR 39 Billion

Fintech News Desk
by Fintech News Desk0
TPG, a leading global alterative asset management firm, announced that it has signed definitive documents with Poonawalla Fincorp Limited to acquire its subsidiary Poonawalla Housing Finance Limited (PHFL) for a pre-money equity valuation of INR 39 billion. The transaction is invested through TPG Capital Asia, the firm’s Asia-focused private equity......
Business Finance News

AmeriVet Securities Continues to Raise Capital, Expand Business

Fintech News Desk
by Fintech News Desk0
AmeriVet Securities, Inc., (AVI), announced that the firm has raised $4 million in additional capital. “Additional capital and consistent growth in deal participation will allow us to continue to increase our performance across all lines of business,” said Mercedes Elias, Co-CEO of AVI and a U.S. Marine Corps veteran. “We look forward......
Banking Finance News

DFCU Financial Completes First Citrus Bank Acquisition

Fintech News Desk
by Fintech News Desk0
DFCU Financial and First Citrus Bank have closed on their previously announced business combination and are now branded as DFCU Financial. This transaction creates a stronger and more comprehensive financial institution for its members. “We are enthusiastic about this partnership and are committed to providing the exceptional level of service and......
Finance News

Renasant Bank Acquires Republic Business Credit

Fintech News Desk
by Fintech News Desk0
Renasant Corporation announced that effective December 30, 2022, its wholly-owned subsidiary, Renasant Bank, has acquired Republic Business Credit (formally known as Continental Republic Capital, LLC) (“RBC”) in an all cash transaction. RBC is a market-leading commercial finance company with average earning assets in excess of $100 million. Founded in 2011,......
Finance News

WSFS Completes Merger and Brand Conversion of Cypress Capital Management and West Capital Management into Bryn Mawr Capital Management

Fintech News Desk
by Fintech News Desk0
WSFS Financial Corporation has completed the merger and brand conversion of Cypress Capital Management and West Capital Management and has renamed the combined entity Bryn Mawr Capital Management, LLC, effective January 1, 2023. Bryn Mawr Capital Management is registered as an investment advisor with the U.S. Securities and Exchange Commission......
Finance Investment Services News

Alvarium Tiedemann Holdings Enters into New $250 Million Credit Facility

Fintech News Desk
by Fintech News Desk0
Provides financial flexibility to execute growth initiatives and serve its global clients more efficiently Alvarium Tiedemann Holdings, Inc. announced that it has entered into a $250 million credit facility with a syndicate led by BMO Capital Markets Corp. (“BMO”). The facility, which is comprised of a $150 million revolving credit......
Finance Fintech News

FINFI, the Credit Card & Personal Loan Killer App Introduces Purchase-Linked Saving Plans

Fintech News Desk
by Fintech News Desk0
FINFI, a socially conscious financial wellness platform that leverages paychecks through APIs, announced the launch of its purchase-linked saving schemes that are intended to supplement the existing suite of wellness products & experiences that leverage the power of payroll. FINFI already provides an earned wage access (EWA) product. FINFI’s employer-sponsored......
Finance Fintech News

CardWorks Announces Acquisition of Dataline Systems to Expand Services for Lenders and Asset Managers

Fintech News Desk
by Fintech News Desk0
Dataline brings unique capabilities in payment disbursement services, data reporting and analytics, and business process automation that are additive and complementary to CardWorks Servicing CardWorks Servicing, LLC (“CWS”), a wholly-owned subsidiary of CardWorks, Inc. (“CardWorks”) and one of the largest privately-held providers of end-to-end outsourcing support services for credit card and......
Business Finance News

PlatformPay.io Releases New Services to the Market

Fintech News Desk
by Fintech News Desk0
Platform Pay (PlatformPay.io) Releases New Billing and BPO Services for 2023 In the ever-evolving digital world, businesses of all sizes are looking for ways to improve their customer relationship management processes. Platform Pay (PlatformPay.io) is leading the charge in offering new services to the market that can help businesses streamline their operations.......
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