Bank Innovation

MAY 17, 2016

SigFig, a San Francisco-based robo advisor, partnered with UBS Wealth Management to create and customize digital tools for WMA’s 7,000 advisors, it was announced today. The tools will “complement” the existing expertise of UBS advisors, and not form a separate automated platform, SigFig said.

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DECEMBER 7, 2020

Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut on the stock market. It has also begun work in stock trading and cash management accounts.

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SEPTEMBER 1, 2020

1) rolled out a new, no-overdraft-fee banking account aimed at consumers new to banking or who want help managing their expenses, with access as well to Zelle, a digital payments service. The account also comes with access to Wells Fargo’s mobile banking app, its online banking platform, as well as online bill paying, the bank said.

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Bank Innovation

MARCH 7, 2018

EXCLUSIVE (SAN FRANCISCO) -- Welcome back to the fintech boom. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck. But the fintech market has rebounded.

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JUNE 29, 2020

revved a little higher Monday (June 29) as online car sales platform Shift announced it will go public in the third quarter via a complicated reverse merger arrangement. IAC will change its name to Shift as the transaction proceeds and the Shift management team of CEO and Co-Founder George Arison and Co-CEO Toby Russell will stay in place. “We

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MARCH 31, 2020

San Francisco-based Princeville Capital has announced a $50 million investment in Russian online retailer Ozon, which is partly owned by the Russian-based conglomerate Sistema. Ozon , one of Russia’s largest online retailers, has been on a growth spurt over the last few years.

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FEBRUARY 14, 2020

The 2019 wine retailer of the year was online – specifically, it was a good year for Wine.com. There are gatekeepers for economic reasons all over the world of online retail. The company’s growth has been consistent with the overall online retail category. wine sales are sold online currently.

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JUNE 29, 2020

are in talks with Sistema , one of the largest publicly traded companies in Russia, to purchase Ozon , the Russian online retailer, Reuters reported. We are satisfied with the unprecedented business growth rates demonstrated by Ozon in 2019,” Alexey Katkov, managing partner, said at the time. Amazon and SoftBank Corp.

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JANUARY 11, 2019

But consolidation looms, according to some observers, and online food delivery services will eventually have to shift more focus away from consumers and toward restaurant operators in order to thrive in a crowded marketplace. It raised $250 million last year in a growth round co-led by Coatue Management and DST Global.

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SEPTEMBER 17, 2020

Affirm , a San Francisco-based point-of-sale (POS), buy now, pay later (BNPL) lender, announced a $500 million series G round of funding Thursday (Sept. Other returning investors included Lightspeed Venture Partners, Wellington Management Co., 17) in a press release , bringing its total funding raised to more than $1.3

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JANUARY 30, 2019

Stripe, the San Francisco digital payments startup, has landed a $100 million investment from Tiger Global Management, boosting its valuation above $20 billion. According to a report in CNBC , citing The Information, with the $100 million investment by Tiger Global Management , Stripe now has a valuation of $22.5

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AUGUST 6, 2020

Stripe , the San Francisco-based company which works to build economic online infrastructure, announced in a press release that Mike Clayville , a 36-year sales veteran of companies like Amazon Web Service (AWS), VMware and BEA Systems, would be joining to help grow the company’s global sales organization.

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JUNE 24, 2020

Visa has launched an online resource for small businesses (SMBs) designed to assist entrepreneurs expand their businesses and build stronger customer relationships, the San Francisco-based company announced Wednesday (June 24). It is active in more than 20 countries and designed to meet each region’s unique SMB needs.

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AUGUST 13, 2020

Sources told Bloomberg News in advance of the release of Q2 earnings that the San Francisco-based online vacation rental marketplace’s revenue fell to $335 million in the period ending June 30. have been hired to manage the IPO, sources told the newspaper. Airbnb Inc.

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JULY 5, 2020

billion for Whole Foods , the online retail giant is planning to open its second automated-checkout grocery store in Seattle’s Eastside neighborhood and is hiring managers for a third store in the city’s Capitol Hill district, The Seattle Times reported. Amazon must like the supermarket business. Three years after it paid $13.4

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JUNE 10, 2020

Flutterwave, based in San Francisco and Nigeria, has been on a roll since it pulled in $35 million last year in venture funding, including from Worldpay. In April, Flutterwave launched an online portal that will enable African businesses to set up online shops. At the heart of Flutterwave is its online payments business.

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MAY 27, 2020

Stripe, a technology company that allows businesses to make and receive online payments, has launched in five more European countries, the San Francisco firm announced Wednesday (May 27). Europe’s fast-growing online economy has been fueled by the shift to online purchases as a result of the COVID-19 pandemic.

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DECEMBER 1, 2019

Fidelity partnered with San Francisco-based security token platform TokenSoft to create and deploy the internal token using the ERC-1404 token standard, which is compliant with US Securities and Exchange Commission (SEC) guidelines for securities. “For

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AUGUST 31, 2020

Wish , the online marketplace, has confidentially filed paperwork to go public with the U.S. Securities and Exchange Commission (SEC), the San Francisco-based company announced Monday (Aug. 31) in a press release. The company submitted a draft registration statement.

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SEPTEMBER 22, 2020

The San Francisco-based FinTech and the newsletter giant are teaming up to enable Mailchimp users – many of whom are small businesses – to add a “buy button” to their websites. The goal is to help Mailchimp users start selling from their websites, potentially boosting revenue by giving customers a “quick path to purchase.”.

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AUGUST 19, 2020

As part of that strategy, HomeLight announced the acquisition of Disclosures.io , a listings-management software provider. Uher said that company currently holds about 80 percent market share in the San Francisco Bay area and Northern California. Without a listing management platform like what Disclosures.io

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DECEMBER 12, 2019

San Francisco FinTech Brex announced a $200 million debt capital raise from Credit Suisse that will be used to expand its eCommerce business and credit offerings to new companies, Brex announced in a press release on Thursday (Dec. The product automates expense management and integrates with accounting systems.

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SEPTEMBER 4, 2019

The online lending platform pointed to Radius Intelligence’s capabilities in data acquisition and entity resolution, which enable its data analytics platform to analyze disparate and complex datasets, it said. In another statement, Carusone pointed to the role data plays in small business cash flow management.

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MARCH 3, 2020

After a two-year run on the job, Bindra decided to move back to San Francisco, although he will continue as an advisor for the company and support “strategic initiatives,” the company said Tuesday (March 3). Rau is replacing outgoing CEO Vicky Bindra. Rau comes into the fold boasting more than two decades of experience in FinTech.

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SEPTEMBER 29, 2020

Jumio , known for its suite of artificial intelligence (AI)-powered identity verification and online know your customer (KYC) products, is beefing up its anti-money laundering (AML) powers. Another key component of the platform is helping companies manage various KYC and AML regulations in different jurisdictions across the world.

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NOVEMBER 24, 2020

The coronavirus pandemic has also helped boost Cashfree’s growth as Indian businesses and consumers ramp up their online sales and purchasing activity. Cashfree is a “2017 alumnus of Y Combinator,” the San Francisco-based startup incubator, according to the release.

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SEPTEMBER 8, 2020

Last month, Grab expanded its reach with the announcement that it will offer consumer loans in Singapore along with wealth management products. Also, San Francisco-based Uber announced 3,700 layoffs and its CEO isn’t taking a base salary this year. Earlier this year, Lyft laid off 17 percent of its workforce.

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JULY 31, 2020

the San Francisco-based online bank, had the last laugh. As a national charter, the bank can offer credit and cash-flow management, the company said. Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. Varo Bank N.A.

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MARCH 18, 2020

In the United States, demand for delivery services for groceries are so high that some customers are waiting seven days for orders that contain missing items, and servers for online services are crashing under heightened demand, according to a report by The Wall Street Journal. The stores are empty,” one manager said.

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JUNE 19, 2018

The deal will give PayPal greater strength in eCommerce and online marketplaces, PayPal said in a statement. Marketplace sales accounted for 50 percent of all online sales in 2017, according to an estimate provided by PayPal. Hyperwallet has offices in Austin, London, San Francisco, Sydney and Vancouver.

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MARCH 11, 2020

With personal interactions under scrutiny due to the COVID-19 disruption, it’s a good time for retailers to take stock of their mobile and online commerce capabilities and technologies. The brand uses Instagram to gather information for product development, to make product announcements and to sell online. The first is Perfect.

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APRIL 23, 2020

To that end, earlier this month FinTech firm SoFi made the leap beyond San Francisco to Hong Kong, having bought online brokerage firm 8 Securities. percent who would be “very” or “extremely” likely to banking-like services from digital and online banks. percent of consumers are aware of digital and online banks, and 31.1

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AUGUST 31, 2020

Wish , the online marketplace, has confidentially filed paperwork to go public with the U.S. Securities and Exchange Commission (SEC), the San Francisco-based company announced Monday (Aug. 31) in a press release. The company submitted a draft registration statement.

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PYMNTS

OCTOBER 3, 2016

Amazon appears to be behind the construction of a new drive-up grocery store being built in Seattle’s Ballard neighborhood, at least, according to an online report citing city permitting records. Peak time slots will sell out, which will help manage traffic flow within the customer parking adjacent to the building.

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OCTOBER 1, 2020

German-based discount-supermarket giant ALDI announced a great leap forward into the world of digital sales this week with word that it will be piloting a new “click-and-collect” online grocery ordering program at a single U.K. Target also announced big changes in how it’s managing foot traffic. and Ireland, told the Financial Times.

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APRIL 16, 2020

“Everything that we are doing on grocery and convenience is driven by the fact that we are seeing strong consumer appetites from new consumption trends, people who are confined and cannot go out,” European General Manager Stephane Ficaja told Reuters in a Thursday (April 16) report.

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FEBRUARY 2, 2021

Visa , which is the official payment technology partner of the National Football League (NFL), will provide small- to medium-sized businesses (SMBs) with a one-day offer that will waive some of the costs connected with getting online and taking digital payments on Super Bowl Sunday (Feb. 7), according to a Tuesday (Feb.

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