In April, Alviere secured a $20 million cash injection through a Series A round followed by a further $50 million investment in a subsequent Series B round.
The collaborators found there is plenty of room for fintech companies to innovate and improve the lives of Americans, a nation in recovery still facing inequality.
Regular readers of the news.lendit site were greeted with the newly redesigned LendIt Fintech News website as of noon Eastern time.
The U.S. consumer watchdog said on Thursday it has demanded information from tech giants Amazon, Apple, Facebook, Google, PayPal and Square on how they gather and use consumer payment data, in a broad effort to protect consumers from privacy breaches, fraud and anticompetitive behavior.
As LendKey celebrates $500 million in funded loans, there are plenty of other reasons to celebrate too, co-founder and CEO Vince Passione said. Passione said as the country is coming off a pandemic year there are plenty of encouraging signs. Education loans are bouncing back,
The Federal Reserve today launched new resources for the U.S. payments industry to facilitate education, preparation and ecosystem innovation in support of instant payments, a type of faster payment that provides payees with immediate access to funds, enabled by real-time final settlement between financial institutions.
"Crypto is certainly here to stay as an asset class," Robinhood CEO Vlad Tenev added in discussing the company's crypto wallet.
It sounds like something out of a sci-fi movie — metallic orbs that scan people’s eyes to pay them in digital currency.
The auto lender’s acquisition of Fair Square Financial would diversify its consumer product lineup. The pandemic derailed its last effort to buy a card company.
The average surcharge for using out-of-network ATMs, however, fell to a 10-year low, according to a Bankrate survey.