USA
6 Fintechs Make Top 20 US Valuation Leaderboard; Worth a Combined US$145B
The past two years have seen the valuations of the US’s most valuable venture (VC)-backed fintech companies soar. As of March 19, 2021, six fintechs were amongst the country’s top 20 most valuable VC-backed companies, and worth a combined US$145.1
Read MorePlaid Raises US$ 425 Million, Pushing Its Valuation to US$ 13.5 Billion
Open banking platform Plaid announced in a blog post that it has raised US$ 425 million during a Series D financing round, pushing its estimated valuation to US$13.5 billion. The funding round was joined by new investors Altimeter Capital, Silver
Read MoreInstinet and Credit Suisse Conduct Same-Day Settlement of US Traded Stocks
Paxos Trust Company, a regulated financial market infrastructure provider, announced Instinet and Credit Suisse settled US listed equities trades on a same-day settlement cycle (known as T+0) via Paxos Settlement Service. The trades occurred at 11 AM ET and 3
Read MoreBroadridge Plans APAC and EMEA Expansion With Latest Acquisition for US$2.5 Billion
Broadridge Financial Solutions, an American-based investment banking company, is set to acquire Itiviti, a provider of trading and connectivity technology to the capital markets industry, in an all-cash transaction valued at €2.143 billion (approximately $2.5 billion) from Nordic Capital. Broadridge
Read MoreRealT Selects Mt Pelerin’s Asset Tokenisation Technology for Real Estate Management
Real estate tokenisation platform RealT has chosen Swiss fintech Mt Pelerin‘s Bridge Protocol, an open source asset tokenisation technology, to optimise the management of its properties and investors. RealT, an American company based in Florida, has created a model that
Read MorePayPal Allows American Customers to Use Cryptocurrencies for Purchases
PayPal announced the launch of Checkout with Crypto, where US customers will be able to choose to check out with crypto seamlessly. Building on the ability to buy, hold and sell cryptocurrency with PayPal, customers using Checkout with Crypto can
Read MoreVisa Pilots Payment Settlements Using Stablecoin with Crypto.com
Visa announced that it will allow the use of USD Coin (USDC), a stablecoin backed by the US dollar, to settle transactions on its payment network over Ethereum, an open-source blockchain. Visa said that it is piloting the capability with
Read MoreOpen Banking Picks up in the US Amid Growing Demand and Competitive Pressures
Adoption of open banking is catching in the US on the back of rising customer demand and competitive pressures, according to a new report by Financial Technology (FT) Partners. In a paper titled Open Banking: Rearchitecting the Financial Landscape, the
Read MoreFintech Platform Feedzai Raises $200 Million at a Unicorn Valuation
Feedzai, an American cloud-based financial risk management platform, announced that it has secured $200 million during a Series D investment round, valuing the startup at more than $1 billion. The funding round was led by leading global investment firm KKR,
Read MoreGlobal Mapping: Open Banking Key Players in 2021
Dutch payment news and intelligence the Paypers has released an updated version of its infographic of the global open banking ecosystem in 2021, mapping key solution providers and their core offerings and solutions. The map categories open banking companies in
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