Techwire


$1.4 billion in loans financed by Quona portfolio companies in India; Quona Capital’s 2022 Impact Report reveals financial inclusion progress

The founders of Quona Capital Management LLC Quona co-founders Jonathan Whittle, Monica Brand Engel, and Ganesh Rengaswamy More than 5 million total loans were financed across India Over 12 million retail and MSME direct customers were served in 2022 BENGALURU, India, June 01, 2023 (GLOBE NEWSWIRE) — Quona Capital, a venture capital firm investing in […]

Quona Capital’s 2022 Impact Report reveals portfolio companies’ progress; firm provides deeper insights into Africa portfolio companies

The founders of Quona Capital Management LLC Quona co-founders Jonathan Whittle, Monica Brand Engel, and Ganesh Rengaswamy Quona’s Africa portfolio companies recorded $4.5 billion in payment transactions processed / transaction volume in 2022 $278 million in loans financed across 1.1 million loans across Africa Portfolio has served 408K retail customers and 353K MSMEs CAPE TOWN, […]

Planck Integrates Latest GPT Tech to Revolutionize Business Risk Analysis

Commercial insurance underwriting takes a quantum leap forward NEW YORK, May 31, 2023 (GLOBE NEWSWIRE) — Planck, the leading provider of AI-enhanced business risk data for commercial insurers, is proud to announce the integration of the latest generative pre-trained transformer (GPT) technology into its platform. Combined with Planck’s unparalleled real-time data collection, entity matching, image […]

Results of the Offering of Bigbank AS AT1 Bonds

The Management Board of Bigbank AS approved the final allocation of the private placement of notes qualifying as Additional Tier 1 (AT1) own funds of the bank, according to which 339 notes with nominal value 10,000 EUR each are allocated to in total 45 investors. As the initial issue volume of EUR 3 million was […]

Credit Union 1 Joins Green Check Verified Platform to Better Serve Cannabis Businesses Across Multiple States

IL-based credit union ramps up its cannabis program by partnering with leading cannabis banking tech provider BONITA SPRINGS, FL, May 31, 2023 (GLOBE NEWSWIRE) — Green Check Verified (GCV), the leading fintech provider of compliant cannabis solutions and services to financial institutions, today announced Credit Union 1 (CU1) joined its cannabis financial and business services […]

Flash News: OKX to Adjust Tick Size of Spots/Margins and Perpetual Swaps, will Support Optimism Upgrade and Hard Fork

DUBAI, United Arab Emirates, May 31, 2023 (GLOBE NEWSWIRE) — OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, has issued updates for the day of May 31, 2023. OKX to adjust tick size of spots/margins and perpetual swapsIn order to increase market liquidity and improve your trading experience, OKX […]

FirstBank Awarded $1 Million from The Colorado Health Foundation to Fund Mortgage Assistance Program for Colorado’s Black and African American Communities

PATH grants available to make homeownership more accessible and equitable LAKEWOOD, Colo., May 30, 2023 (GLOBE NEWSWIRE) — FirstBank, one of the nation’s largest privately held banks with a focus on “banking for good,” received a $1 million grant from The Colorado Health Foundation to continue funding the bank’s Providing Access To Homeownership (PATH) grant […]

Flash News: OKX Updates its Shark Fin Structured Product

DUBAI, United Arab Emirates, May 28, 2023 (GLOBE NEWSWIRE) — OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, has issued updates for the day of May 28, 2023. OKX Updates its Shark Fin Structured Product OKX has announced an update to Shark Fin, by changing the structured product’s settlement […]

Global Commercial Insurance Market Report 2023: Rising Number of Commercial Insurance Providers Bolsters Growth

Global Commercial Insurance Market Global Commercial Insurance Market Dublin, May 26, 2023 (GLOBE NEWSWIRE) — The “Commercial Insurance Global Market Report 2023” report has been added to ResearchAndMarkets.com’s offering. This report provides strategists, marketers and senior management with the critical information they need to assess the market. This report focuses on commercial insurance market which […]

Wayne Savings Announces 2023 Annual Meeting Voting Results

WOOSTER, Ohio, May 25, 2023 (GLOBE NEWSWIRE) — On May 25, 2023, Wayne Savings Bancshares, Inc. (OTCQX: WAYN) (the “Company”) held its 2023 Annual Meeting of Stockholders (the “Annual Meeting”). The inspector of elections delivered its final report of voting results for each of the matters submitted to a vote. Proposal 1: To elect three […]

Mid Penn Bancorp, Inc. Announces Appointment of Albert J. Evans to Board of Directors

Albert J. Evans, Director Albert J. Evans, Director HARRISBURG, Pa., May 25, 2023 (GLOBE NEWSWIRE) — Mid Penn Bancorp, Inc. (Mid Penn) (NASDAQ: MPB), headquartered in Harrisburg, Pennsylvania, is pleased to announce the appointment of Mr. Albert J. (BJ) Evans to its Board of Directors, effective May 19, 2023. Mr. Evans is the President of […]

Mid Penn Bancorp, Inc. Announces Appointment of Joel L. Frank to Board of Directors

Director Joel Frank, Director HARRISBURG, Pa., May 25, 2023 (GLOBE NEWSWIRE) — Mid Penn Bancorp, Inc. (Mid Penn) (NASDAQ: MPB), headquartered in Harrisburg, Pennsylvania, is pleased to announce the appointment of Joel L. Frank to its Board of Directors, effective May 19, 2023. Mr. Frank previously served as a director of Mid Penn Bank, the […]

nCino to Participate in Upcoming Investor Events

WILMINGTON, N.C., May 25, 2023 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced its participation in the following investor conferences: Bernstein’s 39th Annual Strategic Decisions Conference Presentation: Friday, June 2, at 9:00 a.m. ET William Blair 43rd Annual Growth Stock Conference Presentation: Tuesday, […]

Summit Financial Group, Inc. Announces Q2 Common Dividend of $0.20 Per Share

MOOREFIELD, W.Va., May 25, 2023 (GLOBE NEWSWIRE) — Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) announces its Board of Directors recently declared a second quarter 2023 dividend of $0.20 per share payable on June 30, 2023 to common shareholders of record as of the close of business on June 15, 2023. Summit Financial Group, Inc. […]

Giant IFC responds to recent rumours

Colorado Springs, CO, May 25, 2023 (GLOBE NEWSWIRE) — Recently, Giant International Finance (hereinafter referred to as Giant IFC) became aware of rumors on YouTube, tikio, about Giant IFC, which has aroused market concern. The company and its board of directors are highly concerned about this and organized relevant personnel to check this. Clarification Statement […]

Root Insurance Announces Commitment to Embedded Partnerships with Support for Dreyer & Reinbold Racing Indianapolis 500 Team featuring Driver Ryan Hunter-Reay

The insurtech will be the primary partner for the No. 23 Chevrolet for the 107th Indy 500 this Sunday, May 28th Root Insurance Car Root Insurance pairs up with Dreyer & Reinbold Racing for the 2023 Indy 500, car driven by Ryan Hunter-Reay COLUMBUS, Ohio, May 25, 2023 (GLOBE NEWSWIRE) — Root, Inc. (NASDAQ: ROOT), […]

Alternative Financing Market to exceed $40 Bn by 2032, Says Graphical Research Powered by GMI

Major alternative financing market participants include Credoc, Borrowers First, Finastra, GoFundMe, Funding Circle, Kickstarter, LendingClub, Kiva Microfunds, Upstart Network, Inc., Prosper Funding LLC, LendingCrowd, RateSetter, Quicken Loans (Rocket Mortgage, LLC), Sofi, and Zopa. Selbyville, Delaware, May 24, 2023 (GLOBE NEWSWIRE) — The alternative financing market valuation is expected to surpass USD 40 billion by 2032, […]

First Guaranty Bancshares, Inc. Announces Private Placement

HAMMOND, La., May 24, 2023 (GLOBE NEWSWIRE) — First Guaranty Bancshares, Inc. (“First Guaranty”) (NASDAQ: FGBI), the holding company for First Guaranty Bank, announced today that it has completed a private placement offering of $10 million through the sale of 714,286 shares of common stock at $14 per share. This was accomplished by the unanimous […]

Ebix Signs Debt Extension Amendment

JOHNS CREEK, Ga., May 24, 2023 (GLOBE NEWSWIRE) — Ebix, Inc. (NASDAQ: “Ebix”), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare, and e-learning industries, announced that it has signed an amendment (“Amendment No. 14”) to its existing credit agreement, extending the maturity date to September 30, 2023. Amendment […]

Boyden United States Promotes Sowbagya Gokulram to Managing Partner

Banking, asset management and fintech expert recognized for collaboration, resourcefulness and client commitment Sowbagya Gokulram, Managing Partner, Boyden United States Sowbagya Gokulram has been made Managing Partner of the Boyden New York office. New York, May 24, 2023 (GLOBE NEWSWIRE) — Boyden, a premier leadership and talent advisory firm with more than 70 offices in […]

TAB Bank VP Jyl London Honored as one of “30 Women to Watch” for IT Innovations

Women in Technology also names the author, philanthropist and cancer survivor as a Leadership Award finalist in banking and finance Jyl London TAB Bank’s 30 Women to Watch Honoree OGDEN, Utah, May 23, 2023 (GLOBE NEWSWIRE) — TAB Bank VP of Product and Program Management Jyl London is being recognized by Utah Business as one […]

Coterie Insurance Opens New Markets with AI Insights from Planck

Planck’s platform provides rapid insights that change the game for commercial insurance underwriting NEW YORK, May 23, 2023 (GLOBE NEWSWIRE) — Planck’s innovative AI platform is helping Coterie Insurance and its partners deliver instant business insurance — without taking on unanticipated risk exposure. A partnership-focused MGA, Coterie leverages data and technology to provide instant quoting […]

nCino and Zest AI Create Strategic Partnership to Bring More Efficiency to Financial Services Through AI-Automated Underwriting

Partnership seeks to harness the power of artificial intelligence (AI) to produce faster and more equitable lending decisions with better risk assessment for financial institutions of all sizes WILMINGTON, N.C., May 23, 2023 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced a strategic […]

Worldwide Express Joins TriumphPay Payments Network

WWEX is the fourth largest broker in the U.S. and the largest broker to join the TriumphPay open payments network DALLAS, May 23, 2023 (GLOBE NEWSWIRE) — TriumphPay announced today the addition of the Worldwide Express family of brands, which includes Worldwide Express, GlobalTranz and Unishippers, to its open payments network as a full audit […]

Japan Prepaid Card and Digital Wallet Business Report 2023-2027: Focus on Recharge and Bill Payments, Retail Shopping, Travel, Entertainment and Gaming, & Restaurants

Japanese Prepaid Card and Digital Wallet Market Japanese Prepaid Card and Digital Wallet Market Dublin, May 22, 2023 (GLOBE NEWSWIRE) — The “Japan Prepaid Card and Digital Wallet Business and Investment Opportunities Databook – Market Size and Forecast, Consumer Attitude & Behaviour, Retail Spend – Q1 2023 Update” report has been added to ResearchAndMarkets.com’s offering. […]

Kenya Prepaid Card and Digital Wallet Business Report 2023-2027: Focus on Retail Shopping, Travel, Entertainment and Gaming, Restaurants, & Recharge and Bill Payments

Dublin, May 22, 2023 (GLOBE NEWSWIRE) — The “Kenya Prepaid Card and Digital Wallet Business and Investment Opportunities Databook – Market Size and Forecast, Consumer Attitude & Behaviour, Retail Spend – Q1 2023 Update” report has been added to ResearchAndMarkets.com’s offering. The prepaid card market (value terms) in Kenya increased at a CAGR of 16.5% […]

South Africa Prepaid Card and Digital Wallet Business Report 2023: Market Value to Increase from $8.81 Billion in 2022 to Reach $17.31 Billion by 2027, Growing at a CAGR of 14.1%

South African Prepaid Card and Digital Wallet Market South African Prepaid Card and Digital Wallet Market Dublin, May 22, 2023 (GLOBE NEWSWIRE) — The “South Africa Prepaid Card and Digital Wallet Business and Investment Opportunities Databook – Market Size and Forecast, Consumer Attitude & Behaviour, Retail Spend – Q1 2023 Update” report has been added […]

Flash News: OKX Launches New ‘Steady Trader’ Copy Trading Category

DUBAI, United Arab Emirates, May 21, 2023 (GLOBE NEWSWIRE) — OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, has issued updates for the day of May 21, 2023. OKX Launches New ‘Steady Trader’ Copy Trading Category OKX has launched a new category under its Copy Trading product, called ‘Steady […]

OKX Becomes One of the First Exchanges to List Ordi BRC-20 Token

OKX is one of the first exchanges to list ORDI, offering low fees, withdrawals and fast transactions to the Bitcoin community With the new listing on OKX, ORDI traders will no longer have to face high network fees and long transaction times HONG KONG, May 20, 2023 (GLOBE NEWSWIRE) — OKX, the second-largest crypto exchange […]

Flash News: OKX Wallet Lists Love Hate Inu on its Decentralized Exchange, Launches Trading Competition and Teams Up with Satori

SAN FRANCISCO, May 20, 2023 (GLOBE NEWSWIRE) — OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, has issued updates for the day of May 20, 2023. OKX Wallet – DEX Celebrates the Listing of Love Hate Inu (LHINU) with Trading Competition OKX Wallet is proud to announce that Love […]

Tactive Advisors selects FamilyWealth™ Platform

FinTech Automation has entered into an agreement to license its UniFi core banking application and the FamilyWealth™ platform to Tactive Advisors. DALLAS, May 19, 2023 (GLOBE NEWSWIRE) — FinTech Automation (“FTA”) announced today that Tactive Advisors has licensed FTA’s UniFi core banking and WealthTech applications that will be used as the technology infrastructure for the […]

Flash News: OKX Ventures April Report Discloses Investment in Berachain, Taiko, Sei Network, Cetus and AlienSwap

SAN FRANCISCO, May 19, 2023 (GLOBE NEWSWIRE) — OKX Ventures, the investment arm of the second-largest crypto platform by trading volume and Web3 technology company OKX, has issued updates for the day of May 19, 2023. OKX Ventures April Report Discloses Investment in Berachain, Taiko, Sei Network, Cetus and AlienSwap, Covering Public Chains, the ZK […]

ORIGENCE ANNOUNCES STEVE FORBES AS KEYNOTE OPENING SPEAKER OF LENDING TECH LIVE ’23 CONFERENCE

Irvine, CA, May 18, 2023 (GLOBE NEWSWIRE) — Origence, the leading lending technology solutions provider for credit unions, announced the opening and closing keynote speakers for its Lending Tech Live ’23 conference. The speakers will bookend the exciting, technology-focused convention, scheduled from May 30 through June 1, in Las Vegas, NV. Steve Forbes, chairman and editor-in-chief […]

ORIGENCE ANNOUNCES STEVE FORBES AS KEYNOTE OPENING SPEAKER OF LENDING TECH LIVE ’23 CONFERENCE

Irvine, CA, May 18, 2023 (GLOBE NEWSWIRE) — Origence, the leading lending technology solutions provider for credit unions, announced the opening and closing keynote speakers for its Lending Tech Live ’23 conference. The speakers will bookend the exciting, technology-focused convention, scheduled from May 30 through June 1, in Las Vegas, NV. Steve Forbes, chairman and editor-in-chief […]

GoLogiq in Late-Stage Discussions for Business Combination with Nasdaq Listed Company

NEW YORK, May 18, 2023 (GLOBE NEWSWIRE) — GoLogiq, Inc. (OTC:GOLQ), a U.S.-based global provider of fintech and consumer data analytics, announced that the company has advanced to late stage discussions and has signed a non-binding letter of intent with a Nasdaq listed company for a planned business combination. About GoLogiqGoLogiq Inc. is a US-based […]

Legion Capital Announces 2022 Financial Results

Specialized Lender reports second straight year of operating profitability ORLANDO, Fla., May 18, 2023 (GLOBE NEWSWIRE) — Legion Capital (OTC:LGCP), a specialized real estate and business lender providing growth capital to small and medium sized companies and real estate developers, today announced audited financial results for its fiscal year 2022 ended December 31, 2022. Highlights […]

GTreasury Secures Investment from Hg to Accelerate Growth as a Global Treasury Management Software Platform

CHICAGO, May 18, 2023 (GLOBE NEWSWIRE) — GTreasury, a treasury, payments, and risk management software provider, today announces that it has secured a majority investment from Hg, a leading investor in global software and services companies. As part of the transaction, the GTreasury management team and former majority owner, Mainsail Partners, will continue as investors […]

Indonesia Prepaid Card and Digital Wallet Business and Investment Report 2023: Market is Expected to Increase from $6 Billion in 2022 to Reach $9.11 Billion by 2027, Recording a CAGR of 8%

Indonesian Prepaid Card and Digital Wallet Market Indonesian Prepaid Card and Digital Wallet Market Dublin, May 16, 2023 (GLOBE NEWSWIRE) — The “Indonesia Prepaid Card and Digital Wallet Business and Investment Opportunities Databook – Market Size and Forecast, Consumer Attitude & Behaviour, Retail Spend – Q1 2023 Update” report has been added to ResearchAndMarkets.com’s offering. […]

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