USA
Altruist Raises $112M Series D to Compete Schwab and Fidelity on Investment Advisors
Altruist, a modern custodian built exclusively for RIAs, announced a new $112 million series D round of funding led by Insight Partners, new investor Adams Street Partners, and continued support from existing investors. Notable industry leaders Bill McNabb, Ron Carson,
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Apple Rolls Out Its Pay Later Offering for Selected Users
Apple has rolled out its Buy Now, Pay Later offering in the U.S., allowing users to split purchases into four payments, spread over six weeks with no interest and no fees. Users can apply for Apple Pay Later loans of
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The Impact of Silicon Valley Bank’s Collapse on Fintech
With over 2,600 fintech clients, Silicon Valley Bank (SVB) is more than just bank and venture debt lender. Beyond banking and financing, SVB is also a technology partner to many fintech companies, serving as a gateway for commercial payments and
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Gen Z are Avid Investors and Largely Influenced by Social Media, New Research Found
Members of Generation Z (Gen Z), or those born between 1997 and 2012, are avid investors, participating in stock and cryptocurrency investing at a higher rate and from a younger age than their predecessors, a new report by the Oliver
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J.P. Morgan to Acquire Aumni for Its VC Investment Analytics Software
J.P. Morgan has inked a deal to acquire Aumni, a U.S.-based investment analytics software provider for the venture capital industry. Financial terms of the transaction were not disclosed and closing is expected in the first half of 2023. Aumni will
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Stripe Announces New Round of Funding and Plan to Provide Employee Liquidity
Stripe, which builds economic infrastructure for the internet, has signed agreements for a Series I fundraise of more than $6.5 billion at a $50B valuation. Primary investors include existing Stripe shareholders—Andreessen Horowitz, Baillie Gifford, Founders Fund, General Catalyst, MSD Partners,
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CrowdStrike Partners Dell Technologies to Help Firms Stay Ahead of Cyber Threats
American cybersecurity technology company CrowdStrike has partnered with Dell Technologies to help organisations prevent, detect and respond to cyber threats with frictionless and cost-effective offerings. The alliance entails targeted offerings for businesses of all sizes to enable them to manage
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UBS Next and Goldman Sachs Invest into Regtech Company Droit
Droit, a New York based technology firm at the forefront of computational law and regulation, announced it has closed a $23 million Series B investment in its latest funding round. The round was led by Pivot Investment Partners and UBS
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USA Leading the Way in Fintech Patent Quality
New research has revealed that the USA is leading the Fintech innovation field when it comes to the quality and quantity of patent applications. The findings come as a new index has been created to help companies measure the quality
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eToro secures New York Virtual Currency and Money Transmitter License
eToro, the social investing platform, announced that the New York State Department of Financial Services (NYDFS) has approved its subsidiary, eToro NY LLC’s, application for its money transmitter and virtual currency licenses, the latter also known as the BitLicense. Once
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