Billd raised $7.3 million in strategic funding to accelerate the addition of more capital solutions to its financial solutions for commercial subcontractors. One of the solutions the company has launched is an early pay program called Predictable Pay that gives subcontractors access to faster, more...
Tokenization infrastructure company Securitize plans to become a public company through a business combination with special purpose acquisition company (SPAC) Cantor Equity Partners II, which is sponsored by an affiliate of Cantor Fitzgerald. The proposed business combination values Securitize at a pre-money $1.25 billion equity...
Earnings season has yet to be a prime mover of the FinTech space. Partnerships announced through the past week helped drive most names higher as the overall index surged 4.4%. And one key theme was embedding: of workflows and automation, and payments. To be sure,...
One of Europe’s top venture capital (VC) firms is reportedly closing to external investors. Lakestar, which has backed tech giants like Revolut and Spotify, is now focusing on its existing deals, the Financial Times reported Thursday (Oct. 23). The VC firm, led by veteran investor...
PortX, an AI-powered data integration platform for banks and credit unions, has closed a strategic growth round backed by Allied Solutions and the American Bankers Association (ABA), according to a Monday (Oct. 20) news release. PortX said the new funding will accelerate adoption of its...
Newly formed digital assets company Evernorth Holdings is planning to go public. The Nevada-based firm announced plans Monday (Oct. 20) to go public via a special purpose acquisition company (SPAC) merger with Armada Acquisition Corp II, which the company says is expected to generate $1...
A sea of red engulfed the FinTech IPO Index through the past week, as earnings season kicked off with reports from the big banks. A volatile market tied to the on-again trade war with China sent overall markets on a roller coaster ride, and the...
Deel secured $300 million in a Series E funding round to expand the capabilities and the global reach of its human resources and payroll platform. The company aims to accomplish that through strategic acquisitions, the buildout of its owned systems and operations, and artificial intelligence...
Rakuten is reportedly considering an American initial public offering (IPO) for its credit card business. The Japanese eCommerce/finance conglomerate began weighing the IPO last month, Reuters reported Wednesday (Oct. 15), citing two sources familiar with the matter. One of these sources says the company’s decision was sparked by...