US Business Funding

PAYMENTS

Goldfinch | March 02, 2022

Goldfinch Partners LLC and The Baupost Group, LLC announce their milestone achievement by closing the Western Union Business Solutions (WUBS) acquisition for $910 million. WUBS will be renamed Convera as a new standalone B2B global payments company. In 2021, it registered beyond 20 percent revenue gain and payments volume of $170 billion. Patrick Gauthier will be serving as Convera’s CEO. About this news, Mr. Gauthier shared his words. He says, “At Convera, our purpose...

AltFi | July 30, 2020

Just hours after TransferWise announced a massive $319m secondary share sale that saw the company valued at $5bn, rival remittance fintech Remitly has swiftly followed suit. The fintech announced the closure of an $85m funding round, which was led by Prosus’ PayU, and which saw the fintech valued at $1.5bn yesterday afternoon. Other existing investors in the round include, DN Capital, which has invested in fintechs such as BNext and Raisin, Generation Investment Management, of which former...

FINANCIAL MANAGEMENT

Alkami | June 10, 2022

On June 9th, Alkami Technology, a prominent cloud-banking digital solutions provider in the U.S., announced an alliance with Array, an innovation platform specializing in financial services. Following the partnership, Alkami Technology will be able to offer Array’s range of solutions to their client base, comprising of My Credit Manager, Offers Engine, and ID Protect. Improving the digital-first banking experience is a top priority for banks and credit ...

CORE BANKING

Treasury Prime and Bangor Savings Bank | September 30, 2022

Treasury Prime, a leading Banking-as-a-Service (BaaS) company, today announced a partnership with Bangor Savings Bank to deliver its award-winning BaaS offerings to the bank and companies it partners with in the financial services industry. By partnering with Treasury Prime, Bangor Savings Bank will be able to work with businesses to allow them to embed financial services into their platforms. For the Bank, this translates into expanded revenue opportunities and low-cost deposits....