United Airlines and Chase Introduces New United Quest Card
Another partnership between Chase and United Airlines will launch the new United Quest card. On March 21, United credit card holders' accounts will automatically...
KreditBee Raises $70M in Series C Funding
Bengaluru-based financial technology lending platform KreditBee raised $70 million in a Series C investment round. The funding round was raised through its holding entity...
Ikigai Wealth Management Launches in the UK
Financial technology company offering wealth management solutions Ikigai has announced Tuesday, March 16, 2021, that it had successfully launched its services in the United...
Startup Diem Fuels Circular Economy With $5.5M Seed Funding
London-based fintech startup Diem innovates the banking scene with instant access to cash, now raised $5.5 million seed funding to further initiative.
The funding round...
Mosaic Offers War and Terrorism Insurance
Specialty insurer and newcomer Mosaic Insurance has entered the market to provide war, terrorism, and political unrest coverage reported Insurance Business Magazine. These products...
Stripe Gains $600M in Funding, Valuation Balloons to $95B
Payments provider Stripe announced Sunday, March 14, 2021, that it had successfully closed $600 million in a Series H investment round. Following this, the...
Wells Fargo to Fold Abbot Downing Wealth Management Brand
American multinational financial services firm Wells Fargo announced on Thursday, March 11, that it will retire the Abbot Downing wealth management brand as part...
Italy Working with the European Union to Extend GACS Bad Loan Plan
The Italian government is requesting the European Union for another extension of the guarantee on the securization of non-performing loans (GACS), according to Reuters’...
Americans Cleared $83B in Credit Card Debt During Pandemic
Americans have managed to repay a record of approximately $83 billion in credit card debt last 2020. According to the Atlanta Journal-Constitution, the figure...
UK Government Grants Extension for Film and TV Production Restart Scheme
The UK government’s Film and TV Production Restart Scheme has been extended to December 31, 2021, for productions in need of insurance for risks...
Hong Kong’s WeLab Fintech Company Gains $75 Million Funding From Allianz Insurance Firm
The WeLab series C-1 round of funding secured $75 million from Allianz X, a venture capital subsidiary of the Allianz Group, a leading insurer,...
US Treasury Establishes Emergency Capital Investment Program for Community Financial Institutions
The US Treasury said on Thursday, March 3, that it would invest $9 billion in minority and community lenders to help small businesses and...
Insurer to Pay Roc Nation $12M for Death of Maroon 5 Manager
Following a dispute on key man insurance policy over the death of Maroon 5 manager, Houston Casualty Company (HCC) was ordered by the court...
Hiro Capital Announces $15 Million Investment In Three Game Studios
Hiro Capital, a London-based venture capital firm focusing on funding innovators in games and esports, has made new investments worth $15 million in three...
Norway Wealth Fund Watches Kirin Holdings Due to Myanmar Connection
The Norges Bank Investment Management (NBIM) is closely watching Kirin Holdings Ltd. because of its link with Myanmar’s military-owned business, reported Bloomberg. This can...
IRS Releases Guidance Notice On Employee Retention Credit For Employers
The Internal Revenue Service (IRS) Notice 2021-20 provided a comprehensive guide on how employers can claim the employee retention credit for the 2020 calendar...
Fintech Company Square Financial Launches Own Industrial Bank
Salt Lake City-based financial technology firm Square Financial Services announced Monday, March 1, 2021, that it has launched its own banking operations. The announcement...
Madrid-Based Property Lending Firm Gets $120M Credit From Goldman Sachs
Former Citadel traders who formed a property lending company got a credit facility boost worth €100 million or $120 million from Goldman Sachs Group...
Fintech Firm Klarna Acquires $1B in Latest Funding Round
Klarna Bank AB, an institution focused on digital payments, raised $1 billion in a recently concluded funding round, reported Bloomberg. This brings the company’s...
US Affluent Areas Benefit from Poor Vaccine Rollout Plan
In some states, areas known for their wealth are expected to get the vaccine earlier than those with low incomes, reported Business Insider. The...
Zelros Gains $11M in Funding for AI-Powered Insurance
Paris, France-based artificial intelligence (AI) platform for advancing insurance distribution Zelros successfully raised $11 million in its Series A funding round. With the recent...
TymeBank Secures $109M in Funding, Gears for Asian Expansion
South African digital bank, TymeBank, has successfully secured R1.6 billion (approximately $109 million) in a funding round. The funding round was led by the...
Washington Eyes Taxing Wealthy More For Fairness Code
In a move to promote wealth equality in the Washington state, the legislators are looking into enforcing a one percent tax for individuals with...
Auto Insurance Payment Via Bitcoin Gains Approval from Some Companies
Insurance Panda, a New York City-based provider of auto insurance quotes, has posted a new article on its website that discusses a relevant topic...
Santander Vows to Slash Lending to Coal-Focused Firms by 2050
In a press release posted on its blog, Santander Group announced its plan to cut down its lending to power generation companies that relies...
Ariel Drops Generac, Slashes Microsoft and Nokia Investments
Ariel Investments LLC recently sold all of its Generac Holding Inc. and China Mobile shares in the fourth quarter of 2020, reported Yahoo! Finance....
Kin Insurance Covers Over $10B in Property Values
Insurtech company Kin Insurance has recently surpassed $10 billion in total insured property value, according to PRWeb. This shows a growth of around 400%...
IndiGo Celebrates One Year of 6E Rewards Ka-Ching Credit Card
IndiGo, India's leading airline, has revealed additional incentives for its '6E Rewards' credit cardholders to mark the successful one year of its 6E Rewards...
Swedish Fintech Billhop Raises €4M in Series A Funding Round
Billhop announced Tuesday, February 16, 2021, that it had successfully raised €4 million in its Series A investment round. Following the €4 million investment,...
UpEquity Raises $25M Series A for Real Estate Lending
Austin real estate software firm UpEquity plans to expand its lending services with the $25 million Series A funding, led by a local firm...