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Fintech Guest Posts

Fighting Against the Faux-Cloud: Why Firms Need Multitenant Systems for a Truly Modern Technology Strategy

Sean Sullivan
by Sean Sullivan1
For the buy and sell sides alike, COVID-19 has only accelerated the need for a more modern technology strategy. The pandemic has wreaked havoc in both the markets and the wider world, putting a spotlight on the need for more nimble, scalable solutions that allow their businesses to pivot quickly......
Borro Introduces Inventory Loan Product to the Luxury Goods Trade
Banking Fintech InsurTech Investment Services News

Borro Introduces Inventory Loan Product to the Luxury Goods Trade

Fintech News Desk
by Fintech News Desk0
Short-term standard loan or line of credit options use part of retailers’, wholesalers’, traders’, manufacturers’ and other trade members’ luxury asset inventory as collateral Borro, the leading provider of confidential, non-bank loans that use borrowers’ luxury assets as collateral, announced the introduction of the Borro Luxury Inventory Loan product to......
People’s Bank Celebrates Success in PPP Lending
Banking Business Fintech News

People’s Bank Celebrates Success in PPP Lending

Fintech News Desk
by Fintech News Desk0
People’s Bank of Commerce reports significant support of its communities in providing Paycheck Protection Program (PPP) Loans during the COVID-19 crisis. To date, the community bank has provided over 900 PPP loans totaling $91 million to small businesses. The SBA processing fee from these loans will generate $3.6 million in......
PitchBook Benchmarks Continues Cash Flow Series to Examine Distribution Profiles Across Private Market Strategies
Capital Markets Fintech Fintech Funding News

PitchBook Benchmarks Continues Cash Flow Series to Examine Distribution Profiles Across Private Market Strategies

Fintech News Desk
by Fintech News Desk0
PitchBook, the premier data provider for the private and public equity markets, released fund performance data through 3Q 2019 from its stand-alone performance measurement product, PitchBook Benchmarks. The comprehensive performance data is designed to help limited partners (LPs) and general partners (GPs) better understand private market fund performance relative to......
Powerlytics Announces Series B Fundraising Round Led By Brewer Lane Ventures
Business Capital Markets Economy Fintech Fintech Funding Investment Services News

Powerlytics Announces Series B Fundraising Round Led By Brewer Lane Ventures

Fintech News Desk
by Fintech News Desk0
Powerlytics, a data provider that has complete, granular data for the 200 million adults and 30 million businesses that make up the U.S. economy, announced that Brewer Lane Ventures, a venture capital firm with a fintech focus, has acquired a $4 million stake in the company. Powerlytics will use the investment......
MoneyGram and PayMaya Introduce Real-Time Payment Solution for Fund Transfer from United States to the Philippines using Visa Direct
Banking Fintech News

MoneyGram Launches Partnership with Al Rajhi Bank to Transform Saudi Arabia Cross-Border Payments Market

Fintech News Desk
by Fintech News Desk0
Alliance provides MoneyGram with the industry’s largest physical and digital network in Saudi Arabia MoneyGram International, a global leader in cross-border P2P payments and money transfers, announced that it has entered into a strategic partnership with Al Rajhi Bank, the largest Islamic bank in the world, and Tahweel Al Rajhi,......
Varo Raises $241 Million Series D as it Moves Closer to Being the First Fintech to Become a National Bank
Capital Markets Fintech Fintech Funding InsurTech Investment Services Mobile Banking News

Varo Raises $241 Million Series D as it Moves Closer to Being the First Fintech to Become a National Bank

Fintech News Desk
by Fintech News Desk0
Mobile banking company Varo Money, announced it has closed a $241 million USD Series D round, co-led by new investor Gallatin Point Capital and existing investor The Rise Fund, co-founded by TPG, U2 lead singer Bono and Jeff Skoll, a global entrepreneur, impact investor and movie producer. Other new investors joining the round include......
MPOWER Financing Adds Jatin Rajput, Global Financial Services Executive and Fintech Investor, to Its Board
Business Capital Markets Fintech Investment Services News

Appway Announces $37 Million Investment from Summit Partners to Fuel Global Expansion

Fintech News Desk
by Fintech News Desk0
Appway, a leading global provider of business process automation software focused on customer onboarding and customer lifecycle management for financial institutions, today announced a $37 million minority investment from global growth equity firm Summit Partners. This partnership represents Appway’s first external capital raise and will help the company to further......
Conductor, Leading Brazilian Card Processor, Enters Latin America Acquiring Market with ACI’s Cloud-Enabled Solutions Powered by Microsoft Azure
Banking Fintech News Risk Management

Conductor, Leading Brazilian Card Processor, Enters Latin America Acquiring Market with ACI’s Cloud-Enabled Solutions Powered by Microsoft Azure

Fintech News Desk
by Fintech News Desk0
Delivering innovative payment services in the public cloud is key to Conductor’s growth strategy ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, announced that Conductor, a leading Brazilian-based card processor, is spearheading its entrance into the Latin American acquiring market using ACI’s UP Retail Payments and......
Vesta Secures $125 Million Investment From Goldfinch Partners
Business Capital Markets Fintech Investment Services News

Vesta Secures $125 Million Investment From Goldfinch Partners

Fintech News Desk
by Fintech News Desk0
Vesta, a fintech pioneer in fraud protection and fully guaranteed payment technologies, has secured $125 million in new growth capital from private equity firm Goldfinch Partners. The funding will provide Vesta with the resources to invest in growth and continue the global deployment of its fraud protection and e-commerce payment solutions.......
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