Category : Fintech Funding

Fintech Fintech Funding News

FinVolution Group Receives APP Security and Information Security Certifications from China’s CVERC

Fintech News Desk
FinVolution Group, a leading fintech platform in China, announced that its fintech application, PPDAI App, has received both the APP Security Certification and the APP Information Security Certification with level 3 rating, the highest rating level in security evaluation standard, from China National Computer Virus Emergency Response Center (“CVERC”). Read More:......
Business Fintech Fintech Funding News

First Financial Network Announces Sale Closing of Performing and Non-Performing Commercial Loans Totaling $112 Million for Financial Institutions and Funds

Fintech News Desk
First Financial Network, Inc. (FFN), a leading international loan sale advisor, has announced the successful sale of performing and non-performing loans totaling $112 million on behalf of several financial institutions and funds. The assets sold included predominantly commercial real estate loans (office, industrial, retail, mixed-use, and multifamily) as well as C&I business......
Fintech Fintech Funding Investment Services News

Uber Highly Commended for Best Short-Term Investing Solution, using ICD Portal

Fintech News Desk
Uber, a global technology platform that uses a massive network, leading technology, operational excellence and product expertise to power movement from point A to point B, was highly commended by Treasury Today’s Adam Smith Award 2020 judges this week for Best Short-Term Investing Solution, using ICD Portal. ICD is corporate treasury’s trusted independent portal......
Economy Fintech Fintech Funding Investment Services News

PayPal Announces $530 Million Commitment to Support Black Businesses, Strengthen Minority Communities and Fight Economic Inequality

Fintech News Desk
PayPal Holdings, announced a $530 million commitment to support Black and minority-owned businesses and communities in the U.S., especially those hardest hit by the pandemic, to help address economic inequality. As part of its investment, the company is bolstering its internal programs to further increase diversity, equity and inclusion within the PayPal community.......
Big Data Fintech Fintech Funding News

Transcend Raises $25M to Power Data Privacy Inside Every Company

Fintech News Desk
Transcend is pioneering the new category of Data Privacy Infrastructure Transcend, the data privacy infrastructure that makes it simple to give users control over their personal data, announced  that it has raised $25 million in Series A funding. Index Ventures led the round alongside Accel, with participation from South Park Commons, Phil......
Fintech Fintech Funding News

Ethoca and Aite Group Research Finds Cardholders Are Eager for Digital Solutions that Deliver Greater Purchase Transparency

Fintech News Desk
Ethoca, a Mastercard company, announced the release of new research that reveals cardholders have a strong appetite for digital solutions that provide greater insight into their purchases. These digital solutions will improve customer experience as well as reduce disputes, chargebacks and false claims by delivering in-depth purchase information direct to cardholders......
Fintech Fintech Funding Investment Services News

CommonBond Sets Record with Latest AAA Securitization

Fintech News Desk
The deal was 7x oversubscribed on its senior bonds – a company record CommonBond, a leading financial technology company, announced the completion of its latest securitization totaling over $225 million in loans, setting a company record, for the most investor demand relative to bonds available, at 7x. The securitization received AAA......
Fintech Fintech Funding Investment Services Lifestyle News

Fund Management Companies Enjoy Significant Followings on Alipay Open Digital Lifestyle Platform

Fintech News Desk
Alipay, the world’s leading open digital lifestyle platform, revealed that 82 fund management companies in China have collectively attracted over 120 million followers on their official corporate accounts on Alipay as of June 9, 2020. Further, 128 of 143 fund management companies in China are now offering products and services......
Fintech Fintech Funding News

NYMBUS Secures $12 Million in Growth Funding

Fintech News Desk
NYMBUS, a provider of the world’s most advanced financial services platform, announced it has completed $12 million in a new financing round led by the company’s major shareholders of Insight Partners and Vensure Enterprises. The focus of the investment will be used to support rapid market penetration for the NYMBUS......
Banking Fintech Fintech Funding Investment Services News

Goldman Sachs Invests $50 Million in jSonar to Deliver Modern Database Security

Fintech News Desk
Funding round to accelerate jSonar’s delivery of the next generation of database security solutions, providing protection for all databases, big data systems and cloud data services jSonar announced it has closed a $50 million investment from Goldman Sachs for the company’s first institutional round of funding. As part of the transaction, David Campbell,......
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