LoanFlight Lending

FINTECH

Mastercard, Global Processing Services | December 17, 2020

Leading issuer processor, Global Processing Services (GPS), today announces it has been selected by Mastercard, the leader in global payments and technology, as its chosen processing partner in its Fintech Express Program. The two companies have been at the forefront of the global fintech revolution, with Mastercard working in close collaboration with GPS to pioneer, challenge and disturb the banking status quo. Together, the two companies have led the innovation curve for fintech...

Cision PR Newswire | August 13, 2020

Blend, a leader in digital lending solutions, announced it has secured $75 million in Series F funding led by Canapi Ventures, a fintech-focused venture capital firm backed by major banks and financial institutions. This capital brings Blend's valuation to nearly $1.7 billion and will be used to accelerate the development of its unified digital platform for mortgages, consumer loans, and deposit accounts. Existing investors Temasek, General Atlantic, 8VC, Greylock, and Emergence also partici...

PAYMENTS

Global Processing Services | October 14, 2021

Global Processing Services (“GPS”), the leading global payment technology platform, today announced it has raised over US$300 million from Advent International (“Advent”) and Viking Global Investors (“Viking”), who will co-control the company. The investment by Advent will be funded through Advent Tech and Sunley House Capital, an affiliate of Advent. GPS’ API-first payment technology platform enables innovative card programmes for the wor...

Wells Fargo | February 28, 2020

Wells Fargo agreed to pay $35m to settle regulatory claims that its financial advisers recommended exchange-traded funds that were too risky for some clients. The Securities and Exchange Commission’s investigation targeted Wells Fargo’s sale of inverse ETFs, a type of fund that moves in the opposite direction of an index it tracks. Inverse ETFs can be used to hedge other positions or bet on a falling market, but the products are complex enough that regulators have warned for years th...