Tag: USA

Key Global Lending Technology investment stats in Q2 2023 • Lending Technology deal activity reached 126 deals in Q2 2023, a 22% drop YoY • Lending...

San Francisco-based FinTech company, Plenty, has made waves as the maiden financial platform aimed at aiding couples in discussing, managing, and investing their finances collectively.  The firm recently garnered a significant $2.75m in a pre-seed capital raise, drawing the interest of heavyweight investors.

Spiral, which claims to be a pioneer of ‘impact-as-a-service’, has secured $28m for its Series A round, as it looks to expand across the US.

ClassWallet, a digital wallet technology platform for federal, state and local education and government agencies, has raised a significant minority growth investment.

Zenus Bank, a digital bank making US bank accounts available internationally, has become the first bank to launch a Visa Infinite Debit Card to a global audience.

Varo Bank, the first all-digital, nationally chartered consumer digital bank in the US, has named Wook Chung as its chief product officer.

After a troubled start, BNPL giant Klarna has experienced strong momentum in the US market, with a 71% year-over-year growth in GMV and improved credit loss rates by 37%.

FinTech giant Stripe has launched Enhanced Issuer Network, a set of partnerships with major US card issuers, with the aim of reducing fraud.

A group of 27 Republican state Attorneys General have reportedly published a letter to Congressional leaders aimed at blocking the implementation of an ESG investing rule.

Cenoa, which stylises itself as a borderless super wallet, has raised $7m in its seed round to support market expansion.