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Five Women-Led Startups Selected for BMO Harris Bank and 1871 WMN•FINtech Program
Featured Finance Fintech News

Five Women-Led Startups Selected for BMO Harris Bank and 1871 WMN•FINtech Program

Fintech News Desk
by Fintech News Desk0
Cohort represents diverse financial technologies, including tools for homeownership, healthcare planning, small/midsize business accounting, supply chain and estate planning BMO Harris Bank and 1871 are proud to announce the five participating companies selected to join their 2021 WMN•FINtech Program. WMN•FINtech is a fintech industry program for women-founded and -led startups......
First Bancorp to Acquire Select Bancorp, Inc.
Banking News

First Bancorp to Acquire Select Bancorp, Inc.

Fintech News Desk
by Fintech News Desk0
First Bancorp, the parent company of First Bank, and Select Bancorp, Inc., the parent company of Select Bank and Trust Company (“Select Bank”), announced the signing of a definitive merger agreement under which First Bancorp will acquire Select in an all-stock transaction with a total current value of approximately $314.3......
IDEMIA Collaborates With ClimateSeed to Invest in a Carbon Project in India to Offer Truly Sustainable Payment Cards
Banking Digital Payments Fintech News

IDEMIA Collaborates With ClimateSeed to Invest in a Carbon Project in India to Offer Truly Sustainable Payment Cards

Fintech News Desk
by Fintech News Desk0
IDEMIA, the global leader in Augmented Identity, has teamed up with ClimateSeed to support its CO2 emissions offset project in India, to offer GREENPAY cards to its Indian and its global customers For decades, the “take-make-waste” model has ruled the global economy. However, we are now seeing a paradigm shift......
Citi Continues to Expand Its Impact Fund Portfolio with Five New Investments
Banking Finance Fintech News

Citi Continues to Expand Its Impact Fund Portfolio with Five New Investments

Fintech News Desk
by Fintech News Desk0
More than Half of Fund’s Total Investments are in Minority-Owned and Women-Owned Companies Citi announced its next round of investments through the Citi Impact Fund, a $200 million fund launched in 2020 to invest in companies that are addressing some of the biggest societal challenges. The new companies included in......
Compliance Systems and IBT Apps Announces Joint Solution
Banking Digital Finance Fintech Mobile Banking News

Compliance Systems and IBT Apps Announces Joint Solution

Fintech News Desk
by Fintech News Desk0
IBT Apps, a leading-edge provider of adaptable core banking software, has partnered with Compliance Systems to offer community banks a scalable deposit solution within their i2Suite® platform that maximizes profitability, helps attracts new balances, and supports customer retention. .@compliancesys announced today that @IBTApps has partnered with them to offer community #Banks......
WebBank Joins Synovus Bank to Provide an Asset-Based Revolving Credit Facility Upsize to AB Private Credit Investors Corporation
Fintech News

WebBank Joins Synovus Bank to Provide an Asset-Based Revolving Credit Facility Upsize to AB Private Credit Investors Corporation

Fintech News Desk
by Fintech News Desk0
WebBank announced it has joined Synovus Bank, Specialty Finance Division (“Synovus”) to provide additional commitment in an asset-based revolving credit facility to AB Private Credit Investors Corporation, a subsidiary of AllianceBernstein, which is one of the world’s largest investment management and research firms with approximately $724 billion in assets under......
Yieldstreet Announces $100 Million in Series C to Usher In New Era of Investing
Finance Fintech Investments News

Yieldstreet Announces $100 Million in Series C to Usher In New Era of Investing

Fintech News Desk
by Fintech News Desk0
Funding to Drive Company’s Next Phase of Investor Growth, Innovative Investment Products and International Expansion Yieldstreet, a leading digital investing platform driven to help millions of people claim financial independence by unlocking access to previously unattainable alternative investments, announced its $100 million Series C funding round. “Milind and Michael have......
PayPal Deposits $135 Million in Financial Institutions Serving Black and Underserved Communities as Part of $535 Million Commitment to Advance Racial Equity
Finance Fintech Investments News

PayPal Deposits $135 Million in Financial Institutions Serving Black and Underserved Communities as Part of $535 Million Commitment to Advance Racial Equity

Fintech News Desk
by Fintech News Desk0
PayPal Holdings, Inc. announced it will deposit $135 million of its capital into mission-driven financial institutions and management funds that help underserved communities of color to fight barriers to economic equity, including Hope Credit Union,  OneUnited Bank, Self-Help Federal Credit Union, CNote’s Wisdom Fund and various smaller institutions through a CNote Promise Account. These investments are part of PayPal’s $535 million commitment to strengthen Black businesses and underserved communities, and help drive......
Paysafe streamlines US SMB payments with SimplyPayMe
Digital Digital Payments News

Paysafe Streamlines US SMB Payments with SimplyPayMe

Fintech News Desk
by Fintech News Desk0
SimplyPayMe integrates Paysafe’s payment processing for credit and debit cards and ACH for its mobile apps to digitally empower U.S. SMBs  Paysafe, a leading specialized payments platform, announced a new integrated payments partnership with SimplyPayMe, the global provider of payments technology and infrastructure. SimplyPayMe’s flagship mobile payments, invoicing, and simple......
Cryptocurrencies Are Slowly Becoming a Mainstream Payment Option
Blockchain Cryptocurrency Digital Payments News

Cryptocurrencies Are Slowly Becoming a Mainstream Payment Option

Fintech News Desk
by Fintech News Desk0
The last few months have been a rollercoaster for the cryptocurrency market. As a result of the recent crypto boom earlier this year, many companies and organizations have become noticeably more open to blockchain technology and cryptocurrencies. For example, earlier last month Meitu, a Chinese company that makes a photo......
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