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Daily Fintech Series Roundup: Top Fintech News, Analytics and Insights

Daily Fintech Series Roundup: Top Fintech News, Analytics and Insights

FTS Daily Roundup starts today! We are covering the top updates from around the world. The updates will feature state-of-the-art capabilities in Fintech insights, Trending fintech news, Crypto, Fintech SaaS, Fintech Cloud, Analytics and AI ML. We will cover the role of FTS Daily Roundup and its application in various industries and daily.

Cornerstone Home Lending Receives Regulatory Approvals to Complete The Roscoe State Bank Acquisition

Cornerstone Home Lending, one of the nation’s premier independent residential mortgage companies, announced that it has received all bank regulatory approvals necessary to complete its planned acquisition of and merger with The Roscoe State Bank. Cornerstone Home Lending expects the transaction to close on or around October 1, 2022, subject to completion of the remaining customary closing conditions.

Fairmatic Raises $42Million to Redefine Commercial Auto Insurance With Data and AI

Insurtech 2.0 company Fairmatic destealths a unique offering that pioneers an unconventional approach to fleet insurance — focused on enabling savings for safer fleets and improving road safety for all. Fairmatic is led by an all-star team including former Allstate President Jamie Trish, as its President of Insurance, and Jonathan Matus, former Android and Facebook mobile executive, as its CEO. Fairmatic also announced a $42 million Series A funding round led by Foundation Capital.

TAB Bank Provides Wood Products Distribution Company in Arkansas with a $5 Million Asset-Based Credit Facility

TAB Bank is pleased to announce it has provided a wood products distribution company in Arkansas with a $5 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.

FirstCash Increases Size of Revolving Bank Credit Facility; Maturity Date Extended to August 2027

FirstCash Holdings, Inc. the leading international operator of retail pawn stores and a leading provider of retail point-of-sale payment solutions, today announced that it has amended the terms of its long-term, unsecured bank credit facility to increase the size of the commitment to $590 million and extend the maturity date to August 2027.

commercetools Composable Commerce for B2B Powers New Opportunities for Revenue Growth and Flexibility

commercetools, the leading provider of headless commerce, announced B2B functionalities as part of the core offering of commercetools Composable Commerce. commercetools Composable Commerce for B2B provides access to the company’s full API portfolio allowing users to create and customize experiences necessary for their specific business model rather than having to tailor it to an out-of-the-box solution.

 

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