Category : Fintech Funding

Banking Business Fintech Fintech Funding News

VersaBank Adds Three New Insolvency Professional Deposit Partners, Further Expanding Its Access to Very Low-cost Deposit Funding to Support Continued Growth

Fintech News Desk
by Fintech News Desk0
VersaBank announced that it has added three new partners in its Insolvency Professional Deposits business, further expanding its access to very low-cost deposit funding, and further strengthening a core element of its business model to support continued growth, while providing additional risk-mitigation through increased deposit diversification. Read More: Analyticom Introduces a......
Business Fintech Fintech Funding Investment Services News

Haus Raises $15.75M Series A Led By BlueRun Ventures

Fintech News Desk
by Fintech News Desk0
Haus Services, Inc., a real estate co-investor offering liquidity and affordability to homeowners, announced it has closed a $15.75M Series A funding round led by noted fintech investor BlueRun Ventures, joined by Assurant Growth Investing, Leap Global Partners, Correlation Ventures, and H.Barton Asset Management. Existing investors Expa, Montage Ventures, and......
Banking Fintech Fintech Funding Investment Services News

Ameriprise Financial Institutions Group Welcomes ESSA Bank & Trust

Fintech News Desk
by Fintech News Desk0
ESSA Selects Ameriprise Financial Services, LLC as its new broker-dealer to expand its investment services program Ameriprise Financial announced that ESSA Bank & Trust has transitioned its investment management program, ESSA Investment Services, to Ameriprise Financial Institutions Group (AFIG). ESSA joins AFIG from Cetera. The Stroudsburg, PA-based bank employs three......
Fintech Fintech Funding News

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

Fintech News Desk
by Fintech News Desk0
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
by Fintech News Desk0
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
by Fintech News Desk0
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
by Fintech News Desk0
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
by Fintech News Desk0
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
by Fintech News Desk0
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
by Fintech News Desk0
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......
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