SoFi Technologies, Inc. has recently acquired Wyndham Capital Mortgage, a leading fintech mortgage lender, in an all-cash transaction. This acquisition will open up new opportunities for SoFi to expand its suite of mortgage products available to its members, while also enhancing unit economics and taking ownership of the fully digital platform that has already set industry standards. Benefits of the
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
Savings and investing startup, Acorns, has acquired London-based fintech startup GoHenry in an all-equity deal. The acquisition is significant for a number of reasons, including its size as one of the larger M&A deals between fintech startups and the addition of new investors to Acorns’ cap table. The move gives Acorns an opening to grow its business internationally, starting with
DoiT International, a leading provider of cloud technology and consulting services, has partnered with Tenity, a startup incubator and accelerator with a focus on fintech and insurtech startups across Europe and Asia. The partnership aims to enable accelerated growth for Tenity’s portfolio companies by providing expert knowledge on cloud cost optimization and the implementation of built-in sophisticated Big Data and
The Silicon Valley Bank (SVB) crisis that started this month has become the second-largest bank failure in the history of the United States. The failure has brought into question the systemic risk within our banking system and our ability to manage payrolls in times of financial crisis. As HR leaders, it’s important to understand the measures being taken by regulatory
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
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
Hazy, a UK-based company, has raised $9 million in a Series A funding round to assist with commercializing synthetic data that can be used as a privacy-friendly substitute for real-world data. The funding round was led by Conviction, a venture firm that specializes in deep tech investment, and had participation from several other investors, including UCL Technology Fund, Microsoft, ACT
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.
The crypto industry is rapidly expanding and Europe is emerging as a key player in this space. In recent years, there has been a surge of investment in European crypto start-ups, reflecting the growing interest and confidence in the region’s potential. This article will provide an overview of the investment landscape for European crypto startups, highlight top global investors, explore
Kiatnakin Phatra Securities Plc. selects Temenos to advance its service platform. Kiatnakin Phatra Securities Plc. has announced its partnership with Temenos, a leading banking software provider, to advance its service platform. With this partnership, Kiatnakin Phatra Securities aims to digitize more operational elements, improve sales efficiency, and broaden the range of products. Enhanced front-office capabilities. The front-office capabilities of Temenos
Alpha Development and XD Academy, two leading companies in the field of education and consulting for financial services institutions (FSIs), have announced the release of a DeFi learning pathway designed to help FSIs stay ahead of the curve in their industries. As taking advantage of DeFi solutions becomes increasingly important for FSIs, Alpha Development and XD Academy are making sure
