Techwire


Customers Bancorp Announces Successful Completion of BankMobile Divestiture

WEST READING, Pa.–(BUSINESS WIRE)–$BMTX #divestiture–Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively “Customers”), is pleased to announce that it has completed its planned divestiture of its BankMobile business. As previously announced, Megalith Financial Acquisition Corp. (“Megalith”), MFAC Merger Sub Inc. (“Merger Sub”), Customers Bancorp, Customers Bank and BankMobile Technologies, Inc., a […]

Tavant Announces FinConnect on Salesforce AppExchange, the World’s Leading Enterprise Cloud Marketplace

Tavant’s customers can now benefit from an enhanced end-to-end digital mortgage experience SANTA CLARA, Calif.–(BUSINESS WIRE)–#digitallending–Tavant today announced it has launched FinConnect on Salesforce AppExchange, empowering customers to connect the internal and external systems within their mortgage ecosystems. FinConnect is a component of Tavant’s AI-powered digital lending suite of products, VΞLOX, and simplifies the lending […]

Sensibill Wraps 2020 in High Growth Mode, Prepares for Continued Momentum in 2021

Toronto-based fintech landed big names on both the client and employee side last year, expanding scale and preparing for increased growth ahead TORONTO–(BUSINESS WIRE)–Sensibill, the leading provider of everyday financial tools and SKU-level insights that drive personalization and help make financial wellness attainable for all, concluded 2020 with significant growth and development across the organization, […]

Oldest African-American-Owned Bank in the U.S. Selects CSI Core to Offer Digital Suite of Services

  PADUCAH, Ky.–(BUSINESS WIRE)–Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end fintech and regtech solutions, announced that Nashville, Tennessee-based Citizens Savings Bank and Trust Co. (Citizens Bank) has selected its NuPoint® core platform to further the bank’s mission of fostering the economic advancement of minorities and consumers who are largely underserved in the […]

Best’s Review Examines the Insurtech Evolution

OLDWICK, N.J.–(BUSINESS WIRE)–The January issue of Best’s Review takes an in-depth look at how the insurtech sector is evolving. “Turning the Corner” examines the deal environment and how it’s now the insurtechs that are interested in making acquisitions. In “A Healthy Dose of Reality,” Best’s Review speaks with Adrian Gore, the founder and chief executive […]

Harris Williams Advises Knox Lane on its Strategic Investment in Fingerpaint

RICHMOND, Va.–(BUSINESS WIRE)–Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised Knox Lane, a leading middle market investment firm focused on the consumer and services sectors, on its strategic investment in Fingerpaint, a full-service health and wellness marketing agency with five offices across the U.S. The transaction was led by […]

Oxygen Closes $17 Million Series A Funding Round to Build the Banking Platform for the 21st Century Economy

Digital Banking Leader Gains Over 125,000 Accounts and Achieves 969X Revenue Growth Since Launch, Attracting Top Venture Capital Firms and Investors SAN FRANCISCO–(BUSINESS WIRE)–Digital banking platform Oxygen today announced a $17 million Series A round of funding. The round included Runa Capital, S7V, 1984.vc, EFG Hermes, Rucker Park, and Inventures, in addition to celebrity and […]

Mogo Reports over 100% Increase in new Bitcoin Accounts in December

Q4 2020 Net Member Additions Accelerated by over 50% as compared to Q3 2020 All figures in Canadian $ VANCOUVER, British Columbia–(BUSINESS WIRE)–Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital payments and financial technology company empowering the next generation of consumers with innovative financial products including buying and selling of Bitcoin through its […]

DNA Payments Expand Their Product Offering to Include Pay by Bank App

LONDON–(BUSINESS WIRE)–DNA Payments (DNA), a fintech payments company, is pleased to announce the launch of a new product: Pay by Bank app (PbBa). Pay by Bank app is a new online checkout option that lets consumers pay using the bank app on their phone. It’s designed to make online checkout easier, whilst using all the […]

Mogo Establishes ATM Equity Program

VANCOUVER, British Columbia–(BUSINESS WIRE)–Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital payments and financial technology company empowering the next generation of consumers with innovative financial products including buying and selling of Bitcoin through its mobile app, today announced that it has entered into an at-the-market offering agreement (the “ATM Offering Agreement”) with H.C. […]

SolidBlock to List $150 Million in Real Estate Security Tokens on INX

Aims to provide unparalleled liquidity for real estate fractional ownership trading TEL AVIV, Israel & GIBRALTAR–(BUSINESS WIRE)–#bitcoin—SolidBlock and INX Ltd. announce plans to list SolidBlock’s real estate-based security tokens on the INX securities trading platform. Each listed token class will be backed by either a single property or a collection of properties from SolidBlock’s exclusive […]

CTBC Brand Campaign Gives Gratitude to Employees

TAIPEI, Taiwan–(BUSINESS WIRE)–CTBC Financial Holding Co., Ltd.’s (CTBC Financial Holding) has released a short film titled ‘A simple thank you (如常‧謝謝你)’ on Dec. 28 to express thanks to all the employees for their efforts during the COVID-19 pandemic. Directed by Hsiao Ya-chuan (蕭雅全) and uses “Thank You” by artist Summer Lei (雷光夏) as background music, […]

Customers Bancorp Listed in Kiplinger’s 6 Best Financial Stocks to Buy in 2021

WEST READING, Pa.–(BUSINESS WIRE)–$CUBI–Customers Bancorp (NYSE:CUBI) was recently identified as one of the “best financial stocks to buy” in 2021 by Kiplinger. The publication looked at the financial sector, one of the hardest-hit segments of the market, to identify the most promising investment opportunities following the Federal Reserve’s move to give big banks the approval […]

Simplify Asset Management to Announce Four New Exchange-Traded Funds: Fintech, Pop Culture, RoboCar and Cloud/Cybersecurity

NEW YORK–(BUSINESS WIRE)–$QQC–Paul Kim and David M. Berns, Ph.D, co-founders of Simplify Asset Management (“Simplify”) have announced the launch of four new bleeding-edge ETFs in the following areas: financial technology, pop culture and media, robotic cars and clean energy along with cloud and cybersecurity. Details for the ETFs are now live at simplify.us/etfs. The pace […]

Emerge Announces Final Annual Distributions for Emerge ARK ETFs

TORONTO–(BUSINESS WIRE)–Emerge Canada Inc. (“Emerge”) today announced the final special year-end non-cash notional, reinvested income and capital gains distributions per unit (the “Distribution”) for Emerge ARK ETFs for the 2020 tax year, following continued growth of the funds. There is a reduction in the distribution per unit previously announced for EARK, EAGB and EAAI as […]

Extend Reaches New Heights in 2020

Extend continues to lead the sector in digital issuing services for commercial card programs—creating accessible virtual card solutions for everyone’s payment needs. NEW YORK–(BUSINESS WIRE)–Extend was founded three years ago with one mission: to democratize access to modern payment experiences. Since inception, major investors including Point72 Ventures, FinTech Collective, Reciprocal Ventures, Royal Bank of Canada […]

Mogo to Make Corporate Investment in Bitcoin

All figures in Canadian $ VANCOUVER, British Columbia–(BUSINESS WIRE)–Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a financial technology company focused on empowering consumers with innovative digital financial solutions through its mobile app, today announced that it plans to make an initial corporate investment of up to $1.5 million in bitcoin and will consider additional […]

Harris Williams Advises TractManager on its Sale to symplr

RICHMOND, Va.–(BUSINESS WIRE)–Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised TractManager, a portfolio company of Arsenal Capital Partners (Arsenal), on its sale to symplr, a portfolio company of Clearlake Capital Group, L.P. (Clearlake). TractManager’s technology and professional services optimize the business of healthcare through contracting, sourcing and provider management […]

Ahead of Expected Launch in March 2021, INX Provides a Sneak Peek of Their Proprietary Digital Asset Trading Platform

The digital asset platform that launched the first SEC-registered security token IPO in history unveils a demo version of its trading infrastructure NEW YORK–(BUSINESS WIRE)–#bitcoin—INX Limited (“INX” or the “Company”), the global blockchain-based exchange for trading digital assets, unveils the demo version of its trading infrastructure (demo.trading.inx.co). INX aims to open for trading during the […]

Golden Falcon Acquisition Corp. Announces Closing of $345 Million Initial Public Offering

NEW YORK–(BUSINESS WIRE)–Golden Falcon Acquisition Corp. (NYSE: GFX.U) (the “Company”) announced today that it closed its initial public offering of 34,500,000 units, which included the full exercise of the underwriters’ over-allotment option. The offering was priced at $10.00 per unit, generating total gross proceeds of $345,000,000. The units are listed on the New York Stock […]