Tag: US

The Consumer Financial Protection Bureau (CFPB) has fined Bank of America $100m for allegedly botching the disbursement of state unemployment benefits at the height of the pandemic.

Equity management platform Pulley has closed its Series B round on $40m, as it launches free service to startups.

The US’ Office of the Comptroller of the Currency (OCC) has revealed plans to establish an Office of Financial Technology early in the new year.

The cost of fraud in the US has increased by between 6.7% and 9.9% compared with before the pandemic, LexisNexis Risk Solutions report claims.

oak9, a developer of infrastructure as code security software, has collected $8m in a funding round from Cisco Investments and Morgan Stanley’s Next Level Fund.

Tapcheck, which develops employee financial wellness and earned wage access services, has scored $20m in its Series A funding round.

 Bunkyr, a zero-knowledge security API developer, has collected $1m in pre-seed funding to support the development and delivery of its products.

B2B payments firm Settle has reportedly raised $280m in a revolving credit facility from Citibank and Atalaya.

PropTech firm HomeLight has reportedly raised $60m in capital and $55m in debt financing, as other real estate companies announce mass layoffs.

PayCargo, a logistics payments and data infrastructure platform, has collected $130m in a funding round from funds managed by Blackstone Growth.