Posts From Fintech News America

Colombian B2B Fintech Simetrik Raises $55 Million Series B Led by Goldman Sachs

Simetrik, a B2B financial solutions platform founded in 2019 in Colombia, announces a $55-million Series B funding round led by Growth Equity at Goldman Sachs Asset Management. Other investors joining this round include FinTech Collective, which led the Series A,

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Nuvei Launches Direct Local Acquiring in Colombia

Nuvei Corporation, the Canadian fintech company, announces that it has launched direct local acquiring capabilities in Colombia, further expanding its presence in Latin America  and strengthening its overall footprint in the region. Nuvei is the first global payments company to

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Citi Collaborates to Explore Tokenization of Private Markets

Citi has announced that it has successfully completed a proof of concept on tokenization of private funds along with Wellington Management and WisdomTree. The proof of concept, which was conducted on the Avalanche Spruce institutional test Subnet, found that smart-contract

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Apple Claims Expanding Reach in Finance with 12M Credit Card Users and US$10B in Savings Balances

Apple has been steadily expanding its foothold in the financial services industry, with new data released by the company revealing more than 12 million users of its Apple Card credit card product, and US$10 billion in total balances in Apple

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PayPal Ventures Launches AI Fund With Co-lead Investment in Rasa’s $30 Million Series C Funding Round

PayPal Ventures announces a new AI Fund, where a portion of the total funds will be deployed over the next three years for early stage AI investments across all industries and verticals. The AI Fund is launched together with their

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Pagaya Closes Five-Year $280M Credit Facility with BlackRock, UBS, JPMorgan

Pagaya Technologies, a global technology company delivering AI-driven product solutions for the financial ecosystem, announced the closing of a credit facility with participation from Funds and Accounts managed by BlackRock, UBS O’Connor, JPMorgan Chase, Valley Bank, and Israel Discount Bank.

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Nuvei Teams up With Microsoft to Streamline Payments for SMEs

Canadian fintech firm Nuvei has announced its latest integration with Microsoft Dynamics 365 Business Central, an ERP (Enterprise Resource Planning) solution tailored for small and medium-sized businesses. This integration enables organisations worldwide to incorporate various payment methods, such as card

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Visa Cash App Forms Partnership with Red Bull Formula 1 Teams

The Formula One grid is charging into the 2024 season with a new look and new support. Red Bull F1 Teams and Visa announced an unprecedented multi-year agreement where Visa will become the first global partner of both Red Bull F1

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JP Morgan Supports $300 Million Equity Investment Round for Quantum Computing Company

Quantinuum, a leading integrated quantum computing company, announced the closing of a $300 million equity fundraise, at a pre-money valuation of $5 billion. The round is anchored by Quantinuum’s strategic partner JPMorgan Chase, with additional participation from Mitsui & Co.,

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DailyPay Closes Debt and Equity Financing Totaling $175 Million

DailyPay, an US based on-demand pay company announced it has secured over $175 million to fuel growth. The funding is divided between $100 million of expanded secured credit facility capacity provided by Citi and over $75 million in equity financing,

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