PYMNTS
APRIL 28, 2020
These shifts have made digital banking and debit transactions more important than ever. Many United States residents are starting to receive federal relief via direct deposits or checks in the mail, but Los Angeles, California, is turning to prepaid debit cards to offer its own pandemic-related financial assistance.
PYMNTS
JUNE 25, 2019
Community financial institution (FI) Cross River Bank is acquiring Seed , a small business (SMB) digital banking company, reports in Reuters said on Monday (June 24). Cross River Bank has partnered with a range of FinTech startups since its 2008 launch, including collaborations with Stripe , Coinbase and Affirm , reports said.
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Payments Source
JANUARY 17, 2020
The fintech Sezzle has finally received its point-of-sale lending license in California after agreeing to refund consumers in the state and pay a penalty for previously making illegal loans there, the California Department of Business Oversight said Thursday.
CB Insights
FEBRUARY 23, 2022
Found , a digital bank for freelancers, has raised $60M in a Series B. California-based Found offers a suite of financial services for self-employed workers via its mobile app. The post Freelancer digital bank Found raises $60M from Founders Fund. The round drew participation from Founders Fund and Sequoia Capital.
CB Insights
AUGUST 3, 2021
California-based Mercury is an online banking platform that offers a suite of financial services such as FDIC-insured bank accounts, physical and virtual cards, and cash management for startups, e-commerce stores, and angel investors, among others. HOW’S THE COMPANY PERFORMING? Want the full post?
PYMNTS
OCTOBER 12, 2020
European digital bank Revolut , the continent's largest such institution with 13 million users, is close to applying for a U.S. digital banking license, according to a report by CNBC. Revolut's bank charter will be with California, but it will allow the bank to operate anywhere in the U.S.,
PYMNTS
AUGUST 11, 2020
With its losses mounting, the London-based digital bank may need to tap into its corporate reserves to keep up with its expansion plans. Other investors included Menlo Park, California-based TCV and Index Ventures , the global venture capital firm with dual headquarters in San Francisco and London, along with half a dozen others.
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