March 10, 2023
Silicon Valley Bank Closure Impacts Hundreds of Startups and VCs
The closure of Silicon Valley Bank has impacted startups and venture capital firms. Hundreds of such firms did their banking and kept billions of dollars with the bank, which went...
March 10, 2023
Gopuff Demand Apparently Not as Quick as Its Cash Burn
As economic pressures rack the on-demand delivery industry, Gopuff has undergone another round of layoffs. The convenience retail delivery service cut around 2% of its workforce, a Gopuff spokesperson confirmed...
March 10, 2023
Silicon Valley Bank Crisis Threatens FinTech Funding
In Silicon Valley, and specifically for smaller tech firms, the tremors threaten to become a quake. Just a day after Silvergate Capital said it would shutter and liquidate its bank...
March 09, 2023
Banks’ Market Values Plunge Thursday as Depositors Flee for Higher...
Investors’ concerns about banks’ unrealized losses on securities caused financial stocks to plunge Thursday. Compared to the previous day, JPMorgan’s market value dropped by $22 billion, Bank of America’s by...
March 09, 2023
Krungthai Bank Deploys Visa B2B Connect in Thailand
Krungthai Bank (KTB) and Visa have partnered to streamline cross-border corporate payments for Thai businesses. By implementing the Visa B2B Connect solution in Thailand, KTB will be able to improve...
March 09, 2023
Visa: Digital-First Governments Use Payments Data to Improve Policy and...
Three years ago, we got a sense of how governments could leverage technology in times of crisis — using digital pipes to get aid to people who needed stimulus payments...
March 08, 2023
To Have an Impact, Business Payments Innovations Must Move as...
The business-to-business (B2B) landscape is in the midst of a pivotal migration away from legacy systems. “The market changes over the past few years have really accelerated the adoption of...
March 07, 2023
Trade Finance Firm Evolution Credit Raises $1 Billion
Trade finance firm Evolution Credit Partners Management has closed a new $1.05 billion fund. The fund “invests opportunistically across Evolution’s entire credit platform, which includes both leveraged finance and trade...
March 07, 2023
Versapay Names PayPal Vet Carey O’Connor Kolaja CEO
Versapay has appointed a former PayPal and Citi Fintech executive as its new CEO. Carey O’Connor Kolaja is taking over the operations and strategic direction of the accounts receivable (AR)...