Ocho is a financial technology company founded by Ankur Nagpal in 2020. Nagpal is a former founder of Teachable who realized that the company’s debut product was not a venture-backed business in and of itself. Therefore, he pivoted to create Ocho, a brokerage platform that allows people to invest in a variety of exchange-traded funds (ETFs) and stocks, with financial
Hudson Structured Capital Management, a leading private investment firm, has recently announced that it led a $12 million Series A funding round for Earned. Earned is a tech-enabled wealth system exclusively designed for physicians, providing data-driven recommendations to help them achieve their financial goals. For physicians, managing financial assets can be a daunting task. With highly demanding work schedules, it
The world of banking and finance has undergone a significant shift in recent years with the rise of fintech products and services. Now, the industry is taking things to the next level with the emergence of embedded fintech. Banks are increasingly evaluating this new approach to extend their brand and presence into new areas of customers’ lives. In this article,
Bankjoy, a digital banking provider, announced an integration with Fiserv Portico, a full-service account processing system. The integration will enable credit unions that work with Fiserv Portico to offer their members an online and mobile banking experience with a modern, intuitive UX. Benefits of Integration for Credit Unions and Their Members This integration will have a significant impact on both
Peer-to-peer (P2P) payments are becoming increasingly popular as people move away from traditional payment methods such as cash and checks. While P2P payments are convenient and easy to use, they also come with some challenges, particularly in terms of interoperability between different payment apps. To address this issue, Visa has launched Visa+, a P2P payments interoperability tool. The tool is
The payments industry is on the brink of a major revolution with the launch of FedNow, a real-time payment service by the Federal Reserve. This long-awaited service is expected to accelerate money movement between accounts, transform bill payments, and enable instant payments for various use cases that are yet to be imagined. It is scheduled to go live in July
As the world is shifting towards digital payments, payment service providers play a crucial role in facilitating seamless transactions. The European payment service provider, Cardstream, has recently announced its launch of a new white-label PayFac-as-a-Service. This new offering will provide a consolidated platform to businesses for payment facilitation and also ensure compliance with regulations. Cardstream launches white-label PayFac-as-a-Service Cardstream’s latest
Atradius, one of the global leaders in credit insurance and risk management solutions, has won the prestigious IBS Intelligence Global Fintech Innovation award for Best Risk Management Implementation in the Best Adoption of Tools and Best Practices category. The company was recognized for its innovative utilization of artificial intelligence and machine learning using Temenos Explainable AI (XAI) to reduce risk
In recent years, we have witnessed a significant shift towards digital payments due to the widespread adoption of technology and increased consumer demand for faster and safer payment methods. As a result, we have seen a rise in account-to-account (A2A) payments, which offer an instant and secure way to send and receive money. In this article, we will take a
Presta, a digital lending platform, has announced its launch after raising $3.3 million in pre-seed funding. The platform will support the entire process of lending to small businesses, including application, underwriting, closing, servicing, and reporting. In a world where technology has revolutionized everything from retail to education, Presta’s launch could be significant. Funding and Expansion The company’s pre-seed funding will
As the UK economy continues to face challenges, small and owner-managed businesses are struggling to manage their finances, especially cash flow. Penny, a leading digital lender, is committed to providing access to finance for UK SMEs. Their latest solution, Penny Connect, is a partner integration solution that enables platforms to integrate with the Penny network and offer tech-driven invoice finance
Elyn, a French FinTech company, has raised $2.7 million in its pre-seed funding round. The investment was led by Headline and Sequoia Arc. The platform aims to provide customers with better flexibility and convenience in online shopping. Offering a unique “try-before-you-buy” option Elyn’s unique offering provides customers with the ability to try items before they have to pay for them.
