Search Results for: bankruptcy

TabaPay to Acquire the Assets of Synapse Financial Technologies, Inc.
Finance Fintech News

TabaPay to Acquire the Assets of Synapse Financial Technologies, Inc.

Business Wire
by Business Wire0
The acquisition of assets represents a strategic expansion of products and services to fuel customer innovation, while providing business continuity for existing Synapse clients and banks TabaPay, Inc., the leading instant money movement platform for the fintech industry, today announced it has entered into an agreement to acquire the assets......
Airspan-to-Receive-Up-to-$95-Million-in-New-Equity-Financing-and-Eliminate-All-Existing-Funded-Debt
Finance Fintech News

Airspan to Receive Up to $95 Million in New Equity Financing and Eliminate All Existing Funded Debt

Business Wire
by Business Wire0
Airspan has received a commitment from Fortress affiliates for over $53 million in debtor-in-possession financing, which combined with the Company’s cash on hand, is expected to provide sufficient capital during the restructuring process to support Airspan’s operations. Airspan Networks Holdings Inc. (NYSE American: MIMO) (“Airspan” or the “Company”), a provider......
Interos Ends One-Size-Fits-All Supply Chain Risk Management with Groundbreaking Resilience Watchtower
News Risk Management

Interos Ends One-Size-Fits-All Supply Chain Risk Management with Groundbreaking Resilience Watchtower

PR Newswire
by PR Newswire0
Resilience Watchtower speeds procurement decision-making by defining a shortlist of suppliers who fail a company’s unique risk thresholds. Interos, the AI-first supply chain resilience company, announced Interos Resilience Watchtower, the industry’s first, and only, personalized risk technology that evolves organizations from monitoring to action. The module allows leaders to build......
Usual Emerges From Stealth, Launches New Stablecoin Ecosystem With Alternative Model
Finance News

Usual Emerges From Stealth, Launches New Stablecoin Ecosystem With Alternative Model

PR Newswire
by PR Newswire0
Upcoming fiat-backed stablecoin will address flaws in existing models by offering holders equitable value distribution and yields generated from real world assets, as well as participation in DAO. Usual, an innovative hybrid finance protocol, officially emerged from stealth by announcing the launch of USD0, a permissionless and fully compliant stablecoin backed 1:1......
Dave Announces Repurchase of $100 Million Convertible Note from FTX for $71 Million
Banking News

Dave Announces Repurchase of $100 Million Convertible Note from FTX for $71 Million

PR Newswire
by PR Newswire0
Dave, one of the nation’s leading neobanks, announced it has reached an agreement with FTX Ventures Ltd. (“FTX”) to purchase a convertible promissory note that it previously issued to FTX in the original principal amount of $100 million, for a discounted purchase price of $71 million. FTX filed a motion in......
Banking Featured Fintech Primers

The Domino Effect- Exploring How Failed Banks Impact The Fintech Industry

Pooja Choudhary
by Pooja Choudhary0
Introduction Silicon Valley Bank, First Republic Bank, and New York’s Signature Bank! Can you think of a common factor among these three? Yes, these are a few recent bank failure examples that have been witnessed by all of us. What makes the banking structure unviable and leads to their bankruptcy?......
SVB Financial Group Completes Sale of Investment Banking Business to Management Team Group
Investment Services News

SVB Financial Group Completes Sale of Investment Banking Business to Management Team Group

PR Newswire
by PR Newswire0
SVB Financial Group announced that it has completed the sale of its investment banking business, SVB Securities LLC (now named Leerink Partners LLC), to the management team bidder group led by Jeff Leerink, Leerink Partners’ Chief Executive Officer and Founder, and backed by funds managed by The Baupost Group L.L.C.......
Bitmain to Invest $54 Million in Core Scientific, as Part of New Supply Contract
Blockchain News

Bitmain to Invest $54 Million in Core Scientific, as Part of New Supply Contract

Business Wire
by Business Wire0
Bitmain will supply Core Scientific with 27,000 latest generation bitcoin miners and signs new hosting agreement Core Scientific, a leader in high-performance blockchain computing data centers and software solutions, announced Bitmain, the world’s leading manufacturer of digital currency mining servers, has agreed to invest $53.9 million in the Company, expanding the two......
First Trust Advisors L.P. Announces Distribution for First Trust Income Opportunities ETF
Investment Services News

First Trust Advisors L.P. Announces Distribution for First Trust Income Opportunities ETF

Business Wire
by Business Wire0
First Trust Advisors L.P. (“FTA”) announces the declaration of the monthly distribution for First Trust Income Opportunities ETF, advised by FTA. Latest Fintech Interview : Global Fintech Interview with Ivan Matviak, Executive Vice President at Clearwater Analytics FTA is a federally registered investment advisor and serves as the Fund’s investment......
HashLever.com: A Revolutionary Crypto Platform Ensuring Transparency and Security
Cryptocurrency News

HashLever.com: A Revolutionary Crypto Platform Ensuring Transparency and Security

GlobeNewswire
by GlobeNewswire0
In the fast-paced world of cryptocurrencies, where trust and security are paramount, a groundbreaking platform has emerged. HashLever.com is set to redefine the crypto landscape with its unwavering commitment to transparency, security, and customer protection. HashLever.com is one of the few cryptocurrency platforms that prioritize transparency by publishing proof of reserves and......
1