With small businesses increasingly strapped for cash, Wyoming-based invoice and accounts receivable factoring company Factoring.io launched this weekend with the aim of filling the “invoice financing gap.” “Invoice factoring remains a popular form of alternative financing for small businesses in the United States,” the company...
Swedish financial wellbeing platform Dreams has launched a new entity known as Dreams Technology as it continues its expansion into the B2B space. According to a press release on Thursday (Nov. 17), the launch marks the separation of the company into distinct B2C and B2B...
Federal authorities have charged an Ohio man with taking part in a fraudulent cryptocurrency investment scheme that raised at least $10 million from investors. According to a news release from the U.S. Justice Department, Rathnakishore Giri, 27, is accused of misleading investors by falsely claiming...
Galileo Financial Technologies has teamed with money transfer company Pomelo to add its API-enabled technology to the Pomelo card. The company said in a news release that the card lets families in the U.S. build and extend credit access abroad without racking up costly remittance...
For 60 years, Walmart’s stores have dotted the American landscape, its cavernous Supercenters serving as the one-stop-shop of choice for value-minded consumers, often in rural or modest communities that offered few other choices. Fast forward to the present, and a year of rising prices fueled...
At the heart of the FTX implosion, which has reportedly left nearly a million former customers and investors who trusted the exchange empty-handed, is the company’s complicated and compromised relationship with its sister trading firm, Alameda Research. Both entities were founded by Samuel Bankman-Fried (aka SBF), the 30-year-old...
Fraud is top of mind in tech — especially in payments — and not just because of the collapse of crypto trading firm FTX. FinTechs promise to disrupt traditional financial services and through digital conduits at scale, also seek to speed up money movement, in...
Omnichannel digital banking provider Access Softek has launched a new solution designed to enable community banks and credit unions (CUs) to provide services to businesses of all sizes — from sole proprietors to corporates. With the new generation of Access Digital Business Banking, the company’s...
BJ’s Wholesale Club is turning to digital coupons to drive engagement in the face of consumers’ rising sensitivity to price. The warehouse club chain shared Thursday (Nov. 10) on a call with analysts discussing its third-quarter earnings results that “digitally enabled” sales rose 43% year...
