Alkami Technology, a cloud-based digital banking services provider, announced the launch of its preliminary prospectus for a proposed initial public offering of 6 million shares of common stock at a price expected to be between $22 and $25 per share.
Adyen has certainly seen a lot of growth, and although the global payments platform is based in Amsterdam, North America is actually it’s fastest growing region with 70% year-over-year net revenue growth, Brian Dammeir, Adyen’s president of North America told FinLedger in an interview.
David Blumberg, founder and managing partner of Blumberg Capital, certainly doesn’t underestimate the value of investing in the fintech industry.
Controversial resi brokerage Compass made its Wall Street debut on Thursday. At the market’s close, the stock traded at $20.15.
Today, there are a growing number of financial institutions leveraging machine learning (ML) and artificial intelligence (AI) across all areas of banking — from the branch to the back office. While larger banks and credit unions may build their own solutions, many find it easier and less costly to partner with an outside fintech that […]
Citi has promoted Sandeep Arora as the Head of Digital and Chief Investment Officer for its Institutional Clients Group (ICG) division.
Next Insurance has raised $250 million in new funding that has doubled its valuation to $4 billion. The insurtech company, which provides small business insurance that is tailored to small businesses and self-employed folks, brings its total funding to date to over $880 million.
Following the FTC’s announcement, Beam founder Aaron Du went on the record with FinLedger to discuss the settlement.
Guideline, a 5-year-old San Mateo-based startup that offers employers 401(k)s, said it doubled its assets under management to $4 billion year-over-year during the pandemic.
Beam is banned from operating a mobile banking app or “any other product or service that can be used to deposit, store, or withdraw funds,” as part of a settlement with the FTC, according to a news release. The agreement still needs to be approved by a district court judge in San Francisco, according to CNBC.
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