Business Wire

Merchant Opportunities Fund Closes $27.5 Million BMO Credit Facility

VANCOUVER, British Columbia–(BUSINESS WIRE)–The Merchant Opportunities Fund, a Vancouver-based diversified credit opportunities fund focused on prudently compounding capital over the long-term, today announced that it has closed a revolving debt facility with the Bank of Montreal (“BMO”). The facility consists of a $15 million funding commitment with a two-year term along with a $12.5 million […]

Expensify Surpasses $100 Million in Annual Recurring Revenue

Expensify, the financial app with more than 10 million users worldwide, reveals record growth heading into 2021 SAN FRANCISCO–(BUSINESS WIRE)–#ARR—Expensify, the most widely used expense software in the world, announced today it will surpass $100 million in annual recurring revenue in 2020. The company, which has maintained profitability for years and only raised $20.2 million […]

Unitus Community Credit Union Selects Payrailz to Deliver on Digital Payment Vision, Invests in Payrailz CUSO CU Railz®

GLASTONBURY, Conn.–(BUSINESS WIRE)–Payrailz®, a digital payments company offering smarter, more engaging payment experiences to banks and credit unions across the United States, announced that Unitus Community Credit Union is a new investor in CU Railz and will initially implement Payrailz’ smart payments platform for P2P payments in order to offer a more engaging digital payment […]

Dot Investing Launches Digital Platform Allowing Individuals to Access Investment Opportunities Usually Reserved for Institutions

LONDON–(BUSINESS WIRE)–#alternativeassets—Dot Investing, a fintech startup, has launched an online investment platform that allows individual investors to invest in top private and alternative asset funds, including private equity, VC and hedge funds. Users are able to invest from £100,000 into opportunities that historically had far greater minimum investment requirements. The team behind the FCA-regulated startup […]

Paiblock Inc. Chosen as a 2020 Red Herring Top 100 North America Winner

NEW YORK–(BUSINESS WIRE)–#AI–Paiblock Inc., a Leading FinTech Company announced today that the company was selected by Red Herring as a winner of its Top 100 North America 2020 Awards, recognizing the continent’s most exciting and innovative private technology companies. The winners have been chosen from thousands of entrants, whittled down to hundreds presenting their companies […]

RIDDLE&CODE and Coinfirm Join Forces to Ensure Regulatory Compliance with New AML Services

VIENNA–(BUSINESS WIRE)–RIDDLE&CODE, the leading European blockchain interface company has engaged RegTech provider Coinfirm to leverage the most comprehensive AML compliance solution for digital asset management. RIDDLE&CODE builds and maintains the digital asset infrastructure for banks, cryptocurrency exchanges and funds. Coinfirm will strengthen RIDDLE&CODE’s compliance with AML checks – utilizing the RegTech’s expansive coverage of blockchain […]

ACI Worldwide to Accelerate Fraud Prevention via the Public Cloud

ACI’s award-winning fraud management solution is now available as a fully certified private offering via Microsoft Azure’s Marketplace NAPLES, Fla.–(BUSINESS WIRE)–#ACI–ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment and software solutions, today announced that its ACI Fraud Management solution is now available as a fully certified private offering via the Microsoft […]

Western Union Advances Its Digital Growth Strategy With Investment in stc pay

DENVER–(BUSINESS WIRE)–The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, today announced that the Company has entered into a definitive agreement to acquire a minority stake in fast growing Saudi Digital Payments Company, or stc pay, a fully owned subsidiary of Saudi Telecom Company. According to the terms […]

BlackRock Florida Municipal 2020 Term Trust & BlackRock Municipal 2020 Term Trust: Announcement of Adoption of Plan of Termination

NEW YORK–(BUSINESS WIRE)–BlackRock Advisors, LLC announced today that the Board of each of BlackRock Florida Municipal 2020 Term Trust (NYSE:BFO, CUSIP: 09250M109) and BlackRock Municipal 2020 Term Trust (NYSE:BKK, CUSIP: 09249X109) (each, a “Fund” and together, the “Funds”) approved the adoption of a Plan of Termination. Under each Fund’s Plan of Termination, which is effective […]

Temenos Recognized as a Market Leader in Omdia’s Digital Banking Platform Report

Omdia gives Temenos Infinity top scores for product experience and solution innovation SaaS-based Temenos Infinity named market-leading digital platform based on its combination of market impact, solution capabilities, and customer experience Based on the report, Temenos is one of the vendors with the strongest market presence – Temenos Infinity is now used by over 650 […]

Ignite Sales Partners With Digital Credence to Help Credit Unions Pivot to Digital Engagement for Member Growth and Increased Member Satisfaction

DALLAS–(BUSINESS WIRE)–#creditunion—Ignite Sales, Inc., the financial industry leader in customer and member engagement technology, announced today its partnership with Digital Credence, a leader in the financial services marketplace, providing consulting and best practices for implementing effective digital strategies for financial institutions. Partnering with Digital Credence will allow Ignite to build upon the focus to provide […]

Cardless and Cleveland Cavaliers Team Up to Launch First of Its Kind Co-Branded Credit Card

The Cleveland Cavaliers Credit Card by Cardless provides fans with rewards for every purchase including unique fan experiences, exclusive merchandise and ticket offers CLEVELAND & SAN FRANCISCO–(BUSINESS WIRE)–Cardless Inc (“Cardless”), a consumer credit card financial technology firm that helps brands launch and run custom co-branded credit card products, and the Cleveland Cavaliers today announced a […]

QED Investors Expands into India Market with New Hire to Lead Southeast Asian Investments

QED also bolsters team with two additions focused on U.S. investments & Belay ALEXANDRIA, Va.–(BUSINESS WIRE)–QED Investors, a leading boutique venture capital firm focused on investing in early-stage, disruptive financial services companies, announced that it has entered the Indian and Southeast Asian market, hiring Sandeep Patil to lead its investments within the region. With the […]

Cambridge Global Payments Launches Its Latest Open API Platform

Updated platform will enhance the developer experience and increase usability of objects TORONTO–(BUSINESS WIRE)–Cambridge Global Payments (“Cambridge”), a FLEETCOR company (NYSE: FLT) and a provider of integrated cross-border payments and currency risk management solutions, is pleased to announce it is launching an enhanced version of the Application Programming Interface (API) platform that will open it […]

Rent-A-Center Unveils New Digital Platform to Accelerate Growth as the Lease-to-Own Landscape Evolves

Preferred Dynamix launches innovation partner program to pilot digital platform with seven national retailers Preferred Digital and Preferred Marketplace will enable over 60 Million Americans to shop a wider array of retailers and brands, where and how they want PLANO, Texas–(BUSINESS WIRE)–Rent-A-Center, Inc. (the “Company” or “Rent-A-Center”) (NASDAQ/NGS: RCII) has begun an exciting new chapter […]

Former San Antonio Assistant Chief of Police Joins GreenKey as a Strategic Advisor

CHICAGO–(BUSINESS WIRE)–#AI–GreenKey (GK), the creator of the only Body Camera Audio Transcription & Analysis platform, today announced retired San Antonio Assistant Chief of Police Anthony Trevino will come onboard as a strategic advisor. Police are under more scrutiny than ever, and with Trevino’s added counsel, GreenKey’s data-based approach will improve officer training and accountability. GK […]

Returnly Launches In-Store Returns, Helping Ease Customer and Merchant Losses Exacerbated by COVID-19

New Solution Enables Safe, Contactless Drop-Offs Ahead of Peak Holiday Return Season SAN FRANCISCO–(BUSINESS WIRE)–Returnly, the leader in digital return experiences and post purchase payments, today announced the release of In-Store Returns, a new solution that enables retailers and brands to offer safe, convenient online return drop-offs at brick-and-mortar locations. Shoppers can quickly return online […]

Green Dot to Collaborate with Google Pay to Offer Plex Accounts

PASADENA, Calif.–(BUSINESS WIRE)–#BaaS–Green Dot Corp. (NYSE: GDOT), a financial technology and registered bank holding company, today announced plans to work with Google Pay to offer Plex Accounts to customers: a safe, simple and helpful new option for transacting and managing their money. “We are excited to integrate Green Dot’s safe and seamless financial tools into […]

Citi Selects Mastercard as Network Partner for the Citi Plex Account by Google Pay

The Citi Plex Account Will Focus on Simpler, Smarter, Secure Money Management NEW YORK–(BUSINESS WIRE)–Today, Citi announced it has selected Mastercard as its network partner for the Citi Plex Account on Google Pay, a new digital checking and savings account built with financial wellness and mobile functionality at the core of the design to make […]

Seoul Fintech Lab Supports Korean Fintech Startups to Move Into Europe

To Organize Online Meet-up with Luxembourg Investors and Financial Industry Experts SEOUL, South Korea–(BUSINESS WIRE)–#10XExtensionInLuxembourg—Seoul Fintech Lab, launched by the Seoul Metropolitan Government in an effort to make the city one of the world’s financial centers, will hold an online meet-up 10X Extension in Luxembourg on November 26 for networking and investor relations sessions between […]

Marqeta Continues European Growth, Signing Three New Digital Banking Customers

Marqeta is supporting the development and launch of three new digital banks across the UK and Europe LONDON–(BUSINESS WIRE)–Marqeta, the global modern card issuing platform, announced today that it has won three new digital banking clients in the UK and Europe, with all expected to go live with Marqeta in 2021. Its European Digital Banking […]

USA Technologies Announces Rebrand to Cantaloupe

New Name Better Aligns with Company’s New Vision, Mission and Values MALVERN, Pa.–(BUSINESS WIRE)–$USAT #Cantaloupe—USA Technologies, Inc. (OTC: USAT) (“USAT”), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today announced that it will transition its corporate identity to exclusively operate under the name Cantaloupe, Inc. The […]

Shield Compliance Selected by Salal Credit Union as Cannabis Banking Technology Partner

Automating compliance with Shield’s technology platform will allow Salal to scale its program to meet the growing demand for cannabis banking services. SEATTLE–(BUSINESS WIRE)–#CannaBanking–Shield Compliance (, a comprehensive compliance management platform for banking legal cannabis-related businesses (CRBs), announced a partnership with Seattle-based cannabis banking leader Salal Credit Union. Under the terms of the agreement, Salal […]

Cardless Launches Co-Branded Credit Card Platform

Growing consumer credit card financial technology firm raises over $10M in capital Cardless platform allows brands of all sizes to engage their superfans through novel and innovative rewards programs SAN FRANCISCO–(BUSINESS WIRE)–Cardless, Inc. (“The Company”), a consumer credit card financial technology firm that helps brands launch and run custom co-branded credit card programs, today announced […]

Guidewire Integration with Betterview Provides Insurers with Access to Superior Property Data and Visual Analytics

Upgraded integration with Betterview, a Silver Sponsor for Guidewire Connections Reimagined, will allow P&C underwriters to access and act on Betterview’s property data and aerial imagery directly in the latest versions of Guidewire PolicyCenter SAN FRANCISCO–(BUSINESS WIRE)–Betterview, an insurtech startup which is quickly becoming the platform essential to every transaction around buildings and properties, today […]

Insurity Announces New ‘Bridge Specialty Suite’ Templates to Improve Speed-to-Market and Reduce Implementation Costs for Specialty Lines Insurers

New Templates Simplify Professional Liability, Marine Cargo, and Commercial Package Policy LOBs HARTFORD, Conn.–(BUSINESS WIRE)–Insurity, LLC, a leading provider of cloud-based core system solutions and data analytics for the world’s largest insurers, brokers, and MGAs, today announced new out-of-the-box templates for its cloud-based Bridge Specialty Suite. The new templates for professional liability, marine cargo, and […]

NestEgg Raises $7M Series A and Launches Interest-Free Payment Service

Property management platform that empowers independent landlords to effortlessly manage their rental properties and boost cash flow CHICAGO–(BUSINESS WIRE)–NestEgg, a startup building the future of residential rental property management, today announced it has raised $7 million in Series A investment funding from a strategic group of fintech and proptech investors. Hyde Park Venture Partners led […]

CyberGRX Exchange Brings Actionable Insights to Third-Party Cyber Risk Management Market

Validated data from nearly 90,000 organizations informs enterprise roadmap to secure vendor ecosystem DENVER–(BUSINESS WIRE)–CyberGRX, provider of the world’s first and largest global cyber risk exchange, today published their inaugural issue of CyberGRX Exchange Insights. The report, compiled by the CyberGRX Data and Analytics team, reveals trends and challenges organizations of all sizes face in […]

CORO Granted 3 New U.S. Money Transmitter Licenses as It Moves Towards Becoming a Nationwide Gold Payment Platform

MIAMI–(BUSINESS WIRE)–Coro Global Inc. (OTCQB:CGLO) today announced its subsidiary Coro Corp. has been granted a Money Transmitter license in three new states over the past week, as it continues to spread accessibility to its gold payment app across the country. Residents of Georgia, Rhode Island and South Dakota will now have access to CORO – […]

VMware Announces Availability of Enterprise Blockchain Platform

PALO ALTO, Calif.–(BUSINESS WIRE)–VMware, Inc. (NYSE: VMW) today announced the commercial availability of VMware Blockchain to provide a digital foundation that enterprises can trust to build business networks and deploy business-critical decentralized applications. With VMware Blockchain, businesses are provided an extensible and scalable enterprise-grade platform to unlock data silos and free up data to flow […]

150 Financial Institutions Select Access Softek’s Open Financial Exchange (OFX) Server

BERKELEY, Calif.–(BUSINESS WIRE)–Access Softek, Inc., an omnichannel digital banking platform provider, signed its 150th financial institution customer to its Open Financial Exchange (OFX) Server. OFX makes it possible for small and medium size financial institutions to connect directly with their small and medium business (SMB) customers and members who use Intuit’s QuickBooks. According to a […]

Visa Expands Fast Track Program to Enable Next Generation of Fintechs to Rebuild the Global Economy

Visa adds new Partner Toolkit and Visa Ready Fintech Enabler certification to Fast Track program Fast Track program grows 360% year-over-year, supports accelerating industries including digital wallets, financial inclusion, business-to-business (B2B) and digital currency payments SAN FRANCISCO–(BUSINESS WIRE)–The COVID-19 pandemic has created major financial challenges for businesses and consumers alike. As money management becomes increasingly […]

  Insider Intelligence Expands Into Financial Services

  Company to provide valuable analysis and research on digital disruption of finance, banking, and ecommerce sectors Insider Intelligence formed by combination last year of eMarketer and Business Insider Intelligence NEW YORK–(BUSINESS WIRE)–Insider Intelligence today announced its expansion into financial coverage, bringing to the world of finance its unique style of robust yet digestible industry analysis, […]

New Omniscience Solution Optimizes Life Insurance Risk Selection

Ultrafast Acceptance Decisions lead to Rapid Customer Acquisition and Long-Term Compounding Successes for Insurers PALO ALTO, Calif.–(BUSINESS WIRE)–#Insurance–With the launch of its new OmniExtract customer intelligence solution, Omniscience makes it possible, for the first time, to make automated, rapid, and sophisticated life insurance underwriting decisions about new customers, regardless of whether the potential insured has […]

Hurricane Electric Expands Global Network to Sixth Location in Frankfurt With New Point of Presence at ITENOS

Twelfth Point of Presence in Germany will provide robust, high-speed IP transit to this global financial capital FRANKFURT & FREMONT, Calif.–(BUSINESS WIRE)–Hurricane Electric, the world’s largest IPv6-native Internet backbone announced today that it has deployed a new Point of Presence (PoP) in ITENOS’s Frankfurt FRA 1 data center. The new PoP is located at 90 […]

Newsweek Names First Internet Bank Best Small Business Checking Account

FISHERS, Ind.–(BUSINESS WIRE)–First Internet Bank announced today that it has been recognized for offering the “Best Small Business Checking Account” in Newsweek’s America’s Best Banks 2021. First Internet Bank President and CEO David Becker said, “Long before I started First Internet Bank, I was a small business owner and lifelong entrepreneur. Owning a small business […]

PureFacts Financial Solutions acquires Quartal Financial Solutions to become a global WealthTech leader

TORONTO–(BUSINESS WIRE)–#AI—PureFacts Financial Solutions, a leading WealthTech provider of fees, reporting and AI-powered predictive analytics solutions, has acquired Quartal Financial Solutions, Europe’s leading provider of fee billing and commission solutions for the financial and insurance industries. This acquisition further strengthens PureFacts’ ability to provide mission critical, AI-driven and regulatory compliant fee solutions to its marquee […]

The Tech Tribune: 2021 Best Tech Startups in Minneapolis

NEW YORK–(BUSINESS WIRE)–#business—The Tech Tribune staff has compiled the very best tech startups in Minneapolis. In doing our research, we considered several factors including but not limited to: Revenue potential Leadership team Brand/product traction Competitive landscape Additionally, all companies must be independent (un-acquired), privately owned, at most 10 years old, and have received at least […]

Northstar Announces $10.7M in Funding to Support Employees’ Financial Wellness Through Personalized Advice and Automation

Northstar customers include leading employers Zoom, ServiceTitan, and Thumbtack LOS ANGELES–(BUSINESS WIRE)–Northstar, a fintech company that enables employers to offer financial wellness as an employee benefit, announced $10.7 million in financing, including a new $7.3 million Series A led by M13 with participation from Foundation Capital and Workday Ventures. The investment comes on the heels […]

AM BestTV Presents The Entrepreneurial Agent/Broker: Insurtech Drives Distribution Innovation

OLDWICK, N.J.–(BUSINESS WIRE)–In AM Best’s four-part series, “The Entrepreneurial Agent/Broker,” top industry leaders will discuss how tomorrow’s insurance coverages, business models and risk strategies get their start, often in the field crafted by innovative agents and brokers. This segment looks at how managing general agents (MGA) are assuming leading roles as insurance innovators, using insurtech […]

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