US credit card fintech Petal reportedly eyeing potential sale
According to a report by Fortune, sources say the start-up has received multiple offers for acquisition.
According to a report by Fortune, sources say the start-up has received multiple offers for acquisition.
“Our consumer brand growth was falling short of our goals,” says HMBradley CEO and co-founder Zach Brunke.
Monzo could close its latest round of funding before the end of the year as it eyes up a potential IPO.
The deal will be completed through Advent’s new payments company, AI Circle Bidco.
Anand first joined Brex in January 2022 as chief product officer.
Enova says it has reached an agreement with the CFPB, with the majority of items being self-reported by the firm.
Having raised $15.5 million in seed funding, the fintech had hoped to raise an additional $40 million but to no avail.
Harden has served as the bank’s SVP of product development since February 2022.
Created 20 years ago, Lynx leverages AI and machine learning to detect and prevent financial crime.
Himagiri Mukkamala joins as CDO, Beth-Anne Bygum as CISO and Blair Williams as CRO.
In this episode, fintech founders share their experienced of building values for a new digital vision.
Tracie Loudermilk has also been appointed to the role of vice president of project and consulting solutions.
By moving to the cloud, AWS claims that MUFG has been able to reduce IT operational costs by 20%.
The company has secured an additional $250 million in debt financing to support its lending operations.
The bank says the platform will enable it to deliver “affordable term loans” directly to its SMB customers.
The first two quarters of this year saw global enforcement fines amount to $1.5bn and $2.27bn, respectively.
The round was led by Ribbit Capital with participation from existing investors Kleiner Perkins and Thrive Capital.
First-hand insights and learnings of fintech founders on how to strategically build a versatile team.
The cuts were first reported by Fortune, but the total number of employees impacted is currently unknown.
Grasshopper and Treasury Prime are thriving at a time when so many neobanks and BaaS providers are struggling.
Johnson joins MoneyGram from fintech firm Alloy where she worked for over six years.
The company’s acquisition by its senior executives is expected to be completed this month.
We explore various aspects of how to build company culture and what can be achieved as a team.
Cash App had been pursuing a VASP licence in the country since 2021.
Exploring hiring strategies and how to build a successful roadmap for a long-term vision.
Goldman Sachs bought the GM credit card business for $2.5 billion in October 2020.
The latest cash injection brings Arch’s total funding to date to over $25 million.
The bank will deploy FusionIQ’s cloud-native Digital Advice platform.
Bloomberg reports that an official announcement regarding the potential acquisition could arrive within a week.
The proposals will target 17 companies who control 88% of the market share.
SimCorp and Axioma are both subsidiaries of the Deutsche Börse Group.
Founded in 2022 and based in Texas, Black Ore offers an AI automation platform for financial services businesses.
The company’s website and app with cease to operate from 10 November.
The financing will enable MPOWER to issue more loans to international students studying in the US and Canada.
The funding brings the total external investment in the firm to $116 million to date.
As part of the acquisition, Elastech CEO Scott Llewelyn will join Bond.AI to lead its professional services division.
Cora+ leverages generative AI to draw on multiple different information sources to answer customer queries.
Jifiti says it can now provide clients with a broader range of payment products and pan-European solutions.
Erny succeeds outgoing president and CEO Jim Spradlin, who is retiring after 29 years at the credit union.
With Ripple, Georgia’s central bank aims to explore use cases and potential benefits of having a digital currency.