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Expensify launches corporate card to deepen client relationships

Bank Innovation

Digital expense management company Expensify launched a corporate card this week, building on its automated transaction tracking technology. The card offers business customers a new tool to manage expenses and adds to the data repository that will help Expensify tailor customer experiences.

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With new funding, Nova Credit to expand auto finance and mortgage businesses 

Bank Innovation

Nova Credit, a startup whose technology helps banks underwrite immigrants, is growing its auto finance and mortgage offerings. The San Francisco-based company, which partners with such large institutions like American Express, allows institutions to pull foreign credit data to develop U.S.-equivalent

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Farfetch Raises $250M To Grow Luxury Fashion Platform

PYMNTS

Farfetch, a luxury technology platform, has raised $250 million from Tencent and Dragoneer through the sale of convertible senior notes, according to a release. Tencent is a global technology company based in Shenzhen, China, and Dragoneer is an investment firm based in San Francisco.

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Hertz Partners With Shift Technologies

PYMNTS

Rental car giant Hertz recently announced it teamed up with startup Shift Technologies , said Fortune. Shift Technologies is an online used-car marketplace. Under the new deal, Shift Technologies will feature and sell used vehicles from Hertz’s rental inventory, giving Hertz access to an additional retail sales channel.

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DraftKings To Merge With Other Companies, Go Public

PYMNTS

The company currently has offices in New York, New Jersey, San Francisco and Las Vegas. The combination of DraftKings’ leading and trusted brand, deep focus on customer experience and data science expertise and SBTech’s highly innovative and proven technology platform creates a vertically-integrated powerhouse,” Robins said. “I

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DraftKings To Merge, IPO At A $3.3B Market Value

PYMNTS

The company currently has offices in New York, New Jersey, San Francisco and Las Vegas. The combination of DraftKings’ leading and trusted brand, deep focus on customer experience and data science expertise and SBTech’s highly innovative and proven technology platform creates a vertically-integrated powerhouse,” Robins said. “I

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Blend deepens push into consumer banking

BankInovation

Blend is continuing to expand beyond its original business of white-label mortgage application technology. Last week, the San Francisco-based digital lending platform launched new application technology for personal loans, credit cards and specialty vehicle loans. “We