May 15, 2023
Rental Platform Avenue One Reaches $1 Billion Valuation
Property technology company Avenue One has reportedly achieved unicorn status after raising $100 million. The funding values Avenue One at $1 billion, Bloomberg News reported Monday (May 15) , citing...
May 12, 2023
Debt Ceiling Showdown Could Affect Small Business Borrowing
Far from being just another noisy headline, the current Capitol slugfest could soon affect Main Street if left unresolved. For many U.S. consumers, raising the debt ceiling is usually one...
May 12, 2023
FinTech IPO Index Soars 9.3% as Blend, Open Lending Lead...
Earnings, earnings, everywhere — and for the FinTech IPO Index, a notable rally marked the past five sessions. The overall index was up 9.3%. Blend Labs led the charge, where...
May 11, 2023
ACI Worldwide Takeover Slowed by Banking Turmoil
Motive Partners’ potential acquisition of payments company ACI Worldwide has reportedly run into some roadblocks. The private equity firm is still working on the purchase, although talks have apparently slowed...
May 10, 2023
Hometap Launches Home Equity Dashboard to Power Homeowners’ Financial Decisions
Hometap has launched a digital platform designed to help homeowners make more informed financial decisions about their home. The new Home Equity Dashboard allows homeowners to view their equity and...
May 09, 2023
Corpay and Sunflower Bank Team Up on Cross-Border Payments
Corpay and Sunflower Bank, N.A. have teamed up to help clients manage cross-border payments and currency risk. With this collaboration, Sunflower Bank’s clients and their companies will be able to...
May 08, 2023
Banks Unlikely to Loosen Credit Until 2024
Banks expect to continue tightening lending standards across all loan categories through the rest of 2023. That projection comes after a quarter in which banks tightened their standards for loans...
May 07, 2023
Report: FDIC Rescues Create ‘Vicious Cycle’ for Future Bank Purchases
Do banks need to fail — and get government help — before buyers come forward? A report by Reuters Friday (May 5) citing industry sources said that recent government-arranged purchases of...
May 07, 2023
Revolut CEO Blames Banking Troubles For UK License Delay
Revolut’s CEO says recent bank turmoil has held up his company’s U.K. banking license. “Ultimately, it is not really us, it is generally the banking crisis we see at the moment...
