IDEX Accelerator- Global Fellows Program (ID

CORE BANKING

Prelim | May 24, 2021

With the United States' economy primed to recover from the pandemic, small companies need quick access to capital and banking services. Prelim, a fintech company that optimises digital banking services for financial institutions, has responded by announcing improved digital account opening (DAO) capabilities for business banking accounts, as well as a Status Center platform that assists companies in properly collecting, centralising, and accessing business consumer data to generate pre-appro...

T Bank | May 13, 2020

T Bank announced that it has received approval from the U.S. Small Business Administration (SBA) to fund over $100 million in loans through the SBA's Paycheck Protection Program (PPP). T Bank has helped more than 1,000 borrowers secure PPP loan approval...

Tesla | January 13, 2020

Tesla stock continued to rally Monday, rising 5% and passing $500 per share for the first time. That puts Tesla at a fresh all-time high as it continues to soar on its entrance into China and optimistic delivery figures. The stock has more than doubled over the past three months, according to FactSet. The recent gains bring Tesla’s market cap to about $90 billion, which is nearly $5 billion more than that of General Motors and Ford combined. The companies’ market caps, which measure ...

Cision PR Newswire | September 16, 2020

Alloy, the identity operating system for the financial services industry, today announced it has raised $40 million in Series B funding. Canapi Ventures led the round with participation from Felicis Ventures and Avid Ventures, as well as existing investors Bessemer Ventures, Primary Venture Partners, and Eniac Ventures. In addition, Canapi Ventures partner Walker Forehand will join Alloy's board of directors. Fintechs and banks alike are turning to Alloy to automate their increasingly comple...