Massachusetts sets up fintech hub
Massachusetts is getting its own fintech hub that will seek to capitalise on the commonwealth’s deep talent pool and reputation for innovation.
Miami fintech Pipe raises $250 million strategic equity funding at a $2 billion valuation
Pipe, creators of the world’s first trading platform for recurring revenues, has announced it has raised $250 million in strategic equity funding.
Remitly makes move toward $5B New York IPO
US FinTech Remitly is taking steps toward an initial public offering in New York that could give the remittance platform a $5 billion valuation.
Women’s World Banking announces 2021 Fintech Innovation Challenge and new Female Founder Award
Women’s World Banking announce that the application period is now open for the 2021 Fintech Innovation Challenge.
Louisville-based Borderless wins Startup of the Year in US FinTech Awards
Louisville-based financial technology company Borderless has been named Startup of the Year at the US FinTech Awards.
Galileo Financial Technologies powers Latino-focused fintech Fortú
Miami-based neobank Fortú is built on the extensible payment processing platform provided by Galileo Financial Technologies.
Fintech startup Current valuation triples after Andreessen funding
Fintech startup Current has raised $220 million in a funding round led by venture capital giant Andreessen Horowitz that lifted its valuation by three-fold to $2.2 billion. The New York-based company said in a statement on Tuesday it planned to use the new funds to expand its product portfolio, including cryptocurrencies. Current has no immediate plans of considering a stock market listing but will look to be ready to go public in the next few years, its founder and Chief Executive Officer Stuart Sopp said in an interview with Reuters. Venture capital firms are betting big on fintech firms after the COVID-19 pandemic drove a surge in online transactions last […]
Startup gets backing to create clearing firm for equities
Embedded Financial Technologies is a new custodian-and-clearing firm for equities founded by Michael Giles, who previously ran Square’s Cash App.
