W7 News

Twitter CEO Jack Dorsey and rapper-turned-entrepreneur Jay-Z recently announced that they will be launching a Bitcoin development fund focused in Africa and India, reported...

Due to the continuous popularity of tap-to-pay systems, credit and debit cards with horizontal designs are soon turning into vertical ones. Chip readers and tap-to-pay...

Vevolution, a London-based private company supporting plant-powered business, has officially launched a new fintech platform for plant-based and cell-based startups to connect with investors...

Education loan firm and financial technology company Eduvanz successfully raised $10 million in debt funding from different financial institutions. Following this, the company seeks...

Elon Musk’s very own Tesla announced Monday, February 8, 2021, that it has purchased $1.5 billion worth of cryptocurrency via a filing with the...

Illinois-based insurance company Allstate reported a drop in policy renewals of about 87.5 percent in 2020, the worst rate since 2001. The company stated that...

Kuwait, considered one of the world’s richest nations, has reportedly been forced to open and transfer the remnants of its current performing assets to...

Credit rating agency S&P Global Ratings predicts that banks will lose $1.8 trillion in 2020 and 2021 combined, reported Live Mint. This is an...

Another fintech firm secures millions of funding from anonymous investors and is currently giving away cash on Twitter. Millions, a new company allowed brands...

Southeast Asian ride-hailing and payments giant Grab has successfully secured a massive $2 billion term loan facility. According to Tech in Asia, the term...

Retail investors in GameStop (GME) have caused hedge funds to short-selling the stocks $19.7 billion in losses in January, reported CNBC. The rally led...

U.S. President Joe Biden took executive actions to reopen the federal marketplaces for the Affordable Care Act (ACA) with COVID-19 coverage. An executive order signed...

Anti-poverty group Oxfam publishes a report citing how steep the income inequality has been at the time of the pandemic, with billionaires’ combined wealth...

Student loan startup MPower Financing recently obtained funding of $25 million, according to an exclusive by the Washington Business Journal. The money will be...

Digital platform for home lending Roostify has raised a Series C funding worth $32 million amid the unstable real estate market. The company that connects...

China just surpassed the United States as the leading foreign direct investment destination across the globe, reported the Wall Street Journal. This is a...

French insurance technology startup company LeoCare raised €15 million (approximately $18.1 million) in its Series A funding round. The investment round was led by...

U.S. multinational bank Morgan Stanley reported a profit jump of 51 percent in its fourth-quarter report, rounding up an excellent performance in all three...

Pharmacy chain Walgreens recently announced its plan to launch its own credit card co-branded with Mastercard and Synchrony, reported CNBC. Its loss of financial...

Singapore-based financial technology startup company Volopay announced its successful seed funding round where it raised $2.1 million. The investment round was led by dating...

As the global pandemic hits the UK economy, the government has been borrowing money to bolster the public sector workers’ pay and other spending...

The flood of institutional investors caused a dramatic increase in the assets of New York-based investment firm Grayscale, reaching $20.2 billion from $2 billion...

Insurance technology company Lemonade seeks to raise an initial amount of $466 million as part of its underwritten public offering, states the Intelligent Insurer....

Tesla co-founder and billionaire Elon Musk once again takes over the top spot as the richest person in the world. The news comes as...

Credit company Experian recently issued the 2020 Consumer Credit Review which revealed that Minnesota residents hold the title for having the highest average credit...

Financial technology lending firm, Social Finance (SoFi) announced Thursday, January 7, 2021, that it aims to go public via Chamath Palihapitiya-backed company Social Capital...

The Stimulus Bill, which offered employers incentives for helping employees pay student loans, has encouraged more employers to offer assistance, said Yahoo! Finance. They...

Indonesia-based investment application and robo-advisor Bibit successfully raised $30 million in fresh funding. According to Tech Crunch, the new funding brings the company’s total...

With the ongoing global pandemic, the number of Americans who brought life insurance increased by seven percent, according to MIB Group. The data-sharing service for...

In the past year, in which economic decline became an overarching theme, billionaires Jeff Bezos and Elon Musk were able to break profit world...