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...
Credit infrastructure and analytics company Nova Credit raised $35 million in new funding. The Series D round will help the company boost the growth of the Nova Credit Platform, according to a Tuesday (Oct. 14) press release. “The funding arrives as cash flow underwriting reaches...
Mobile banking app PicPay reportedly aims to raise $500 million in a U.S. initial public offering that could happen as soon as this year. The company is working with banks on a potential listing, though the deliberations are ongoing and the size and timing of...
American regulators are making it easier for companies to go public during the government shutdown. The last time there was a government shutdown, in October 2023, companies scrambled to get their initial public offerings (IPOs) off the ground. Businesses are typically blocked from listing on...
The FinTech IPO Index gathered 1.4% over the past five sessions, as platforms led to the upside ahead of next week’s official start to earnings season. Katapult Holdings shares leaped ahead by 28.2%. The company recently entered into a limited waiver under its Amended and...