US fintech Marygold & Co names Timothy Rooney as new president
Rooney will be tasked with ensuring the successful launch of the firm’s new financial services app.
Rooney will be tasked with ensuring the successful launch of the firm’s new financial services app.
$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.
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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.
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The PayTech Awards 2023 will take place on 30 June at the Merchant Taylors’ Hall in London.
Founded last year, the association says it represents over 80% of current BaaS sponsor banks in the US.
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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.
2023 will no doubt bring more surprises for the fintech industry and tough times for many.
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”.
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A new cartoon illustrating the consolidation and M&A process that the fintech market is starting in earnest.
PvP guarantees both parties involved in a transaction get paid at the same time as one another.
Two fintech companies in the US – Core10 and Union Credit – have reported funding this week.
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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 start of 2023 has been interesting for the climate change agenda.
The SEC alleges that the Gemini Earn program “constitutes an offer and sale of securities under applicable law”.
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.
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Nominations for the 2023 awards are now open – apply today!
The service will initially launch in Germany, France and Spain, with plans to expand into other global markets.
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.
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Kumar succeeds Brian Humphries, who will remain at the firm until 15 March to facilitate a “smooth transition”.
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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.
If incumbents fail to adapt in 2023, challengers could gain the lion’s share of the market once and for all.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
CEO Kris Marszalek says several factors have led to the decision to let go of around 800 employees.