Category: digital currencies

Paydora Finance is publicly launching its white-label embedded finance tool today. Germany-based Paydora Finance can help organizations launch their own branded digital bank account, payment card, and onboarding experience. Dock is powering the technology and regulatory infrastructure behind Paydora Finance. Banking-as-a-Service (BaaS) company Paydora Finance announced its public launch today. The Germany-based company offers a…

San Francisco, California-based fraud prevention startup Darwinium has launched its Continuous Customer Protection platform. The new offering helps close the gap between digital security and fraud prevention silos. Darwinium made its Finovate debut earlier this year at FinovateEurope in London. Security and fraud prevention specialist Darwinium has launched its Continuous Customer Protection platform. The technology…

Funderbeam has received $40 million in funding, boosting its total raised to just under $60 million since it was founded in 2013. Venture private equity group VentureWave led the round, taking a majority stake in Funderbeam. The investment also brings a strategic partnership between Funderbeam and VentureWave, as the two seek to facilitate venture deals…

Meet Ulyana Shtybel, CEO of Quoroom: the end-to-end fundraising and cap table management software provider for private companies. Founded in 2018 and headquartered in London, Quoroom made its Finovate debut in March at FinovateEurope. At the conference, Shtybel demoed Quoroom’s investor relations tools that help companies connect with the right investors, provide a clear visualization…

Tech-forward Cross River Bank reached a consent agreement with the Federal Deposit Insurance Corp. in March following a cease-and-desist order from a standard review in 2021 regarding “unsafe and unsound banking practices related to its compliance with applicable fair lending laws,” according to the consent agreement. “We had identified areas for improvement prior to the…

Apple increased revenue in its payment services in the second quarter ending April 1 as the tech giant focused on its savings account; buy-now, pay-later service; and payments software offerings. Apple tallied record Q2 revenue across its services, including App Store, Apple Music, iCloud and payment services, Chief Executive Tim Cook said during Apple’s Q2…

Vesey Ventures has launched a fintech startup fund with $78 million in capital to help early-stage tech companies get off the ground.  The fund invested capital in five fintechs so far, including cybersecurity and identity protection firm Cyrus, and embedded foreign exchange solution Grain, among others, according to a release from the company.  Vesey is…

Last month at FinovateEurope, we spoke with Trulioo Chief Product Officer Michael Ramsbacker to gain some insight on how financial services institutions can overcome challenges related to identity verification. Tune in to this four-minute video to hear what Ramsbacker has to say about fraud, challenges in identity verification, and Trulioo’s global digital platform. Photo by…

Velmie added a card module to its updated white-label BaaS solution. The new card module will help businesses offer their own customized physical or virtual payment card. Velmie’s new release also enables businesses to issue physical and virtual corporate cards to their employees. Mobile e-wallet platform Velmie released an updated white-label solution that offers the…

Roughly 20% of e-commerce platform Shopify’s team has been dropped from the company with the sale of its logistics business to supply chain manager Flexport. “For the past year, we’ve been subtracting everything that’s in the way of making the best possible product,” Shopify Chief Executive Tobi Lutke said in a note to staff this…