US Business Funding

INVESTMENT MANAGEMENT

Wells Fargo & Company | December 14, 2021

Wells Fargo & Company (NYSE: WFC) and HSBC Bank plc today announced an agreement to use a blockchain-based solution for the netting and settlement of matched foreign exchange (FX) transactions. Through this agreement, Wells Fargo and HSBC will jointly use a shared settlement ledger to process US dollar, Canadian dollar, British pound sterling and Euro transactions with plans to extend the platform to settle additional currencies in the near future. Utilizing blockchain technology, this solut...

FINTECH

Alviere | October 26, 2021

Alviere, the leading embedded finance platform enabling any brand to deliver financial products and services to its customers and employees, today announced that it had raised $70 million of new funding, the largest investment in this emerging sector of fintech to date. In April, Alviere closed a $20 million Series A led by Viola Ventures and Viola Fintech, with the participation of CommerzVentures, Mitsubishi Capital Corporation, Wix.com Capital (NYSE: WIX), Draper Triangle Ventu...

PAYMENTS

Pana | February 24, 2022

Pana, a Latino-focused neobank, has announced joining Visa’s Fintech Fast Track program. It has joined intending to speed up integrating with Visa, a world leader in digital payments. Pana with Visa can easily leverage the capabilities, reach, and security measures that VisaNet offers. VisaNet is the company’s global payment network, which will further issue Fast Track to Pana to address key pain points of Hispanics in the USA for managing banking services. “Amon...

Arcesium | January 17, 2020

Arcesium, an investment management technology and professional services firm, has secured an investment from JP Morgan. The investment deepens Arcesium’s strategic partnership with JP Morgan, including their Securities Services business, a provider of independent fund administration and comprehensive outsourcing solutions to alternative fund managers, asset managers, and asset owners. Terms of the investment were not disclosed. “We appreciate the additional vote of confidence demonst...