ArrowMark Partners

finextra | April 16, 2020

Finance Forward, a fintech accelerator run by Village Capital, MetLife Foundation and PayPal, has extended the deadline for its European programme to accommodate startups working on Covid-19 applications. The focus for the programme - which now closes for applications on 25 April - is on startups that are building tech for the nearly 40 million Europeans locked out of basic financial services, as well as tools for small businesses. Allie Burns, CEO of Village Capital, says: "A...

FINTECH

Visa, Currencycloud | July 23, 2021

Visa announced today that it has entered into a definitive agreement to purchase Currencycloud, a worldwide platform that enables banks and fintechs to provide innovative foreign currency solutions for cross-border payments. Currencycloud is valued at £700 million, including cash and retention incentives, as part of the acquisition, which builds on the two firms' existing strategic cooperation. The financial consideration will be decreased by Visa's existing ownership of Currencycl...

INVESTMENT MANAGEMENT, WEALTH MANAGEMENT

IntraFi and Broadridge | December 08, 2022

Amid an increased demand for wealth lending generally and securities-based lending (SBL) specifically, global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE: BR) announced a partnership today with IntraFi to offer a streamlined securities-based lending service for banks, brokerage firms, and wealth management firms. Through this partnership, IntraFi will offer Broadridge's lending technology — already used today by some of the largest banks in the world &mdas...

Wall Street | March 26, 2020

Wall Street gained more ground on Thursday as the record weekly jobless claims came in below investors’ worst fears, but added to the case for more stimulus to combat the economic impact of the coronavirus pandemic. Initial claims for unemployment benefits rose to 3.28 million last week as lockdowns across the country brought economic activity to a sudden halt and unleashed a wave of layoffs, but were still below estimates ranging as high as 4 million. “It’s unprecedented and t...