B2B BNPL platform Tranch raises $100m in debt and equity
$5 million have been raised in equity while the rest – $95 million – have been taken on as debt.
$5 million have been raised in equity while the rest – $95 million – have been taken on as debt.
The funding came from Viola Credit, Mitsubishi Financial Group, Collaborative Fund, and others.
The company will look to boost domestic growth, expand internationally and invest in product innovation.
Ibarra brings over 20 years of experience, most recently serving as Stripe’s head of product for Latin America.
Founded last year, the association says it represents over 80% of current BaaS sponsor banks in the US.
Seven banks are working on an e-wallet linked to consumers’ debit and credit cards, The Wall Street Journal reports.
Nova Passport collates cross-border credit bureau data to help businesses underwrite new-to-country individuals.
Orenstein joined nCino in 2015 and most recently served as chief corporate development and strategy officer.
The credit union will have access to the full suite of ATM capabilities offered by NCR’s ATMaaS solution.
Greenpenny is a start-up bank in the US focused on sustainable energy and powered by Decorah Bank & Trust.
The money will be used to fuel the company’s growth following the launch of its flagship LinkPay product.
Impacted employees have reportedly been invited to apply for other positions at the firm.
The firm is restructuring its lending business to reach “the best solution for clients and other stakeholders”.
Featuring Ascendant, Evergreen, Komunal, Kwara, Pilon, and Sprinque.
YieldX’s fixed income portfolio management technology will be integrated into FNZ’s wealth platform.
Two fintech companies in the US – Core10 and Union Credit – have reported funding this week.
The banking tech vendor also signed licence fees of $27.5 million in the latest quarter.
The DoJ alleges Bitzlato processed more than $700m in illicit funds.
Bhole will be tasked with leading the further development of the company’s Finity360 product suite.
The SEC alleges that the Gemini Earn program “constitutes an offer and sale of securities under applicable law”.
Ordonez will assume the role of CFO once current CFO Michael Levine steps down in March.
The new business will be a subsidiary of Abacus Group but will continue to operate independently.
Company execs say the layoffs are a result of “reduced marketplace revenue” due to interest rate increases.
Nominations for the 2023 awards are now open – apply today!
Romanow will reportedly transition to the role of executive co-chair and remain on the company’s board.
Reuters reports the firm outlined a pre-tax loss of $1.2bn for the first nine months of 2022.
FinTech Futures chats with Pushkar Mukewar, founder and CEO of Indian fintech Drip Capital.
Post-acquisition, Pagaya and Darwin’s SFR business now operates in more than 30 markets across the US.
CEO Kris Marszalek says several factors have led to the decision to let go of around 800 employees.
Amex plans to “integrate Nipendo’s team, technology and capabilities” to boost its B2B payments offerings.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Firms would need to submit information on terms and conditions that “waive or limit” consumer rights.
PFS is a fund administration software company headquartered in the Isle of Man.
JP Morgan acquired the student loan application fintech for $175 million in 2021.
The cuts amount to around 6.5% of the total staff headcount at Goldman and less than 3% at BlackRock.
Jain will build out the firm’s product team and manage its expanding product roadmap.
The round consists of $33m in equity and $7.5m in debt from Silicon Valley Bank.
Kathi Klawitter joins Allied Payment Network from banking and payments tech heavyweight Fiserv.
Coinbase CEO and co-founder Brian Armstrong says he is “still optimistic about our future and the future of crypto”.
With Paya’s acquisition, Nuvei expects to capitalise on domestic and global payments opportunities.