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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......
Four Small Business Lending Predictions for 2021 Year
Banking Fintech Guest Posts

Four Small Business Lending Predictions for 2021

Jorge Sun
by Jorge Sun0
As we come to the close of a tumultuous year, the fintech industry is looking ahead to new policies and technologies to help power a recovery in 2021. A key part of recovery is focusing on the survival of small businesses, which are looking to lenders and community banks to......
Zeta Raises $250 Million from SoftBank Vision Fund 2 for its Omni Stack for Banks
Banking Fintech News Technology

Zeta Raises $250 Million from SoftBank Vision Fund 2 for its Omni Stack for Banks

Chandni Maske
by Chandni Maske0
Zeta’s valuation jumps to $ 1.45 billion in one of the largest single raises by a Banking Tech Startup Zeta, a banking tech startup, announced today that it has secured $250 million in investment from SoftBank Vision Fund 2. This Series C investment values Zeta at $1.45 billion. This is......
OneTeam Capital Partners With Linear Financial Technologies to Provide Working Capital Solutions to Small Businesses
Banking Fintech News

OneTeam Capital Partners With Linear Financial Technologies to Provide Working Capital Solutions to Small Businesses

Fintech News Desk
by Fintech News Desk0
OneTeam Capital announced that it has entered into an agreement with Linear Financial Technologies to deliver working capital solutions to small businesses in the United States. “As evidenced by recent optimism expressed by small businesses, the fog is lifting on a post-pandemic US economy. That, coupled with the phase-out of the......
Arab Financial Services and Discover Sign Network Alliance Agreement
Banking Digital Digital Payments Fintech Mobile Banking News

Arab Financial Services and Discover Sign Network Alliance Agreement

Fintech News Desk
by Fintech News Desk0
First acceptance of Discover, Diners Club International and network alliance cards in Bahrain Arab Financial Services (AFS), the leading digital payment solutions provider and fintech enabler in the Middle East and Africa, and Discover, a digital banking and payments services company, have signed a strategic network alliance agreement that will......
College Students Predict Brighter Outcomes for Their Financial Futures, Despite Lingering COVID Concerns and Rising Credit Card Use
Finance News

College Students Predict Brighter Outcomes for Their Financial Futures, Despite Lingering COVID Concerns and Rising Credit Card Use

Fintech News Desk
by Fintech News Desk0
According to new study from AIG Retirement Services and EVERFI, students are poised to move forward with optimism and confidence AIG Retirement Services, a leading retirement plan provider for tax-exempt and public sector employers, including education institutions, and EVERFI, a leading social impact education innovator, today announced findings from a......
Bitex launches Ethereum based Utility Token Through Initial Exchange Offering
Banking Cryptocurrency News

Bitex launches Ethereum based Utility Token Through Initial Exchange Offering

Fintech News Desk
by Fintech News Desk0
20 percent of 1Bn Bitex Coin (BTX) to be sold through public sale To address challenges in mass adoption of cryptocurrencies owing to hurdles in fiat to crypto conversion, bank related delays and high fiat deposit/withdrawal fee, Bitex has launched Bitex Coin (BTX) – a utility token to trade on......
Varo Bank Expands Leadership Team with Three Key Hires
Banking Fintech News

Varo Bank Expands Leadership Team with Three Key Hires

Fintech News Desk
by Fintech News Desk0
Leadership team at the country’s first nationally-chartered, all-digital bank reflects the diversity of all Americans Varo Bank, the first all-digital nationally chartered bank in the US, today announced three new appointments to its executive leadership team, including Shishir Singhania as Chief Lending Officer, Pepe Porrata as Chief Operations Officer, and Carolyn Feinstein as Chief Marketing, Growth,......
AppDirect Launches AppCapital Suite of Digital Finance Services
Digital Finance Fintech News

AppDirect Launches AppCapital Suite of Digital Finance Services

Fintech News Desk
by Fintech News Desk0
Innovative financial solutions give technology merchants easy access to funding to enable faster business growth AppDirect®, the leading subscription commerce platform company, today announced the launch of AppCapital, a suite of innovative digital finance services that give technology merchants with recurring revenue models flexible funding options to accelerate their business......
OKR Financial Raises $150 Million to Support Early-Stage Innovators With Immediate Capital
Finance Fintech News

OKR Financial Raises $150 Million to Support Early-Stage Innovators With Immediate Capital

Fintech News Desk
by Fintech News Desk0
Firm also announces strategic partnership with Ayming Canada to help businesses maximize funding OKR Financial, one of Canada’s leading providers of non-dilutive financing, is announcing its raise of $150 million to support growing businesses looking to access SR&ED tax credits, asset-based loans, government grants, or equity deals. Solving the problem of waiting......
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