Category : Finance

Finance News

Vareto Comes out of Stealth, Raising $24 Million in Funding From GV and Menlo Ventures

Fintech News Desk
by Fintech News Desk0
New Funding Enables Vareto to Accelerate Product Development for its Strategic Finance Platform and Expand Product Categories Vareto, the strategic finance platform, announced its emergence from stealth with $24 million in total funding. GV (formerly Google Ventures) led the Series A, with participation from existing investor Menlo Ventures, who led......
Finance Fintech News

One-third Of Canadians Spend Entire Paycheque Or More In A Pay Period, Despite Financial Risk

Fintech News Desk
by Fintech News Desk0
LifeWorks Financial Wellbeing Index reveals that more than one quarter of employees express inability to cover an unexpected financial need LifeWorks, a leading provider of digital total wellbeing solutions, released its quarterly Financial Wellbeing Index (FWI) report, revealing a continued negative financial wellbeing score among Canadians. Key findings: The summer 2021......
Banking Finance News

United Community Banks, Inc. Announces Completion of Merger With Aquesta Financial Holdings, Inc. and Aquesta Bank

Fintech News Desk
by Fintech News Desk0
United Community Banks, Inc. has completed its merger, effective October 1, 2021, with Aquesta Financial Holdings, Inc., including its wholly-owned subsidiary, Aquesta Bank, which was merged into United’s bank subsidiary, United Community Bank. Aquesta will now operate under the United brand. Aquesta brings a premier franchise focused on providing personal......
Banking Finance News

Wells Fargo Introduces Reflect, a New Credit Card that Rewards Cardholders for On-Time Payments

Fintech News Desk
by Fintech News Desk0
The new card debuts as the second in new multi-card suite; reinforces the bank’s sharpened focus on growing credit cards Wells Fargo & Company announced the launch of the second card in the rollout of its new portfolio of consumer credit cards, the Wells Fargo Reflect Card. Available today, Reflect is......
Banking Finance News

Centerspace Improves And Extends Credit Line; Repays Bank Loans

Fintech News Desk
by Fintech News Desk0
Centerspace announced that it has amended and extended its existing $250 million revolving credit facility. The new facility includes an accordion feature for up to $400 million and matures in September 2025 with two optional six-month extensions. In addition to the new line of credit, the existing bank term loans totaling $145 million were repaid in full......
Blockchain Cryptocurrency Finance News

Binance Bolsters its Security Efforts, Appoints Former IRS Criminal Investigation Special Agents

Fintech News Desk
by Fintech News Desk0
Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, announced the appointment of Tigran Gambaryan and Matthew Price, both former Special Agents of the Internal Revenue Service—Criminal Investigation (IRS-CI) Cyber Crimes Unit in Washington, D.C. Tigran joins Binance as VP of Global Intelligence and Investigations after a decade at the IRS-CI.......
Finance Fintech News

Persistent Announces Its Own Business Unit For Payments And Expands Its Cloud Capabilities Through Strategic Acquisitions

Fintech News Desk
by Fintech News Desk0
– Acquired Software Corporation International, its subsidiary Fusion360, and the business of Shree Partners Persistent Systems announced that it has entered into an agreement to acquire Software Corporation International (SCI), headquartered in Charlotte, North Carolina , and its subsidiary Fusion360, and the business of Shree Partners, based in East Brunswick, New Jersey ,......
Finance Fintech News

Ericsson Signs USD 2 Billion Sustainability-linked Revolving Credit Facility

Fintech News Desk
by Fintech News Desk0
– USD 2 billion sustainability-linked revolving credit facility signed – Transaction underlines the confidence in Ericsson’s financial and sustainable performance Ericsson has signed a USD 2 billion sustainability-linked revolving credit facility, renewing an undrawn USD 2 billion credit facility signed in 2013. The successful transaction underlines the confidence in Ericsson’s financial and sustainable performance......
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