The banking industry has been rocked once again, this time by Silicon Valley Bank (SVB), the bank of choice for tech startups. The bank has now been shut down by the FDIC, which has taken control of the bank’s deposits. On Wednesday, March 8, 2023, the bank made the announcement that it was selling almost all […]
We will be live-updating this story as new developments emerge. Watch for updated details coming from our news team and social media throughout the weekend and into next week. Event Silicon Valley Bank Crisis Event status Finished John K. White Mar. 10, 2023 6:40 pm VIDEO: Fintech Nexus CEO talks about SVB and the broader […]
On today’s episode, I’m joined by Susan Tanski, Co-Founder & Head of Strategy at Sunstone Credit. Susan Tanski of Sunstone Credit Susan and I talked about Sunstone’s origin story, what drove her interest in the climate, how Sunstone is helping SMBs finance solar power, the 1 trillion dollar opportunity in commercial solar, raising capital, and much more. […]
Ralph Dangelmaier of BlueSnap The payments space continues to see innovation, probably more so than any other area of fintech today. Payments is a complex business, particularly when you are talking international payments, but technology has taken away a lot of the complexity. Now, with the movement towards embedded payments, nearly any company can offer […]
Trade finance fintech Marco, a U.S.-based startup lending to exporters across Latin America, recently secured a $200 million credit line to grow its financing business in the region. Based in Miami, the company announced on Feb. 27 it received the credit facility from MidCap Financial and Castlelake. It also took $8.2 million in equity funding […]
Chilean payroll management startup Buk announced a $35 million raise in an investment round led by Base10 Partners. This Silicon Valley fund stands out for its investments in leading technology companies such as Figma, Notion, Nowports, Nubank, and Rappi. According to the company, its objective will be to use the resources raised to expand into […]
Look beyond the recent market shocks, and there are plenty of positive developments in blockchain-related industries, the leader of a global investment firm believes. Roderik van der Graaf founded Lemniscap, a global investment firm specializing in emerging technologies. He’s been providing strategic advice to early-stage blockchain companies since 2014. While there’s no denying events like […]
After months of reeling from FTX’s downfall, Silvergate Capital has announced its voluntary liquidation. “In light of recent industry and regulatory developments, Silvergate believes that an orderly wind-down of Bank operations and a voluntary liquidation of the bank is the best path forward,” representatives said in a statement. Silvergate served as one of the major […]
The following is a guest post by Michele Tucci, MD Americas & Chief Strategy Officer at credolab. Fintech has given consumers access to innovative products, such as Buy Now Pay Later (BNPL) and earned-wage access (EWA). The EWA concept is simple and compelling. It gives employees access to money they have already earned, usually via […]
Fintech Magalu, the financial arm of Brazilian retail giant Magazine Luiza, recently announced that it would start trading cryptocurrencies on its platform and app through a partnership with Mercado Bitcoin, offering for the first time this type of digital assets to its more than 37 million customers. The feature’s release date has not yet been […]