In a context where pandemic-wary consumers want to bust lines and spend minimal time at physical retail checkouts, Mastercard is making it easier for merchants to turn Android phones into contactless mobile cash registers. This week, Mastercard announced it was piloting a capability called Cloud Tap on Phone. Tap on Phone is a set of […]
LendingPoint, a Georgia-based online lender, ended 2020 on a profitable note and just raised $125 million from Warburg Pincus.
The Federal Reserve is looking into the rise of artificial intelligence and machine learning, and is considering stepping up its oversight of these technologies used by financial institutions.
Lehi, Utah-based MX says it has increased its market valuation to $1.9 billion in the last 12 months.
Digital mortgage-servicing platform, Brace, announced on Tuesday that it snagged $15.7 million in a Series B funding round led by Canvas Ventures.
Appraisal software company Reggora announced the completion of a $30 million Series B funding round, led by returning investor Spark Capital.
Rho Technologies, which is building out a digital banking platform for businesses, has raised $15 million in a Series A round led by M13 Ventures.
Blend, which has developed a digital lending platform, has closed on a massive $300 million funding round at a valuation of $3.3 billion.
Regulatory hurdles led to the decision but Visa and Plaid say they intend to still work together as partners.
For the nine months ended Sept. 30, Lemonade reported $74 million in revenue with a net loss of $88 million.
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