JPMorgan Chase to expand financial commitment to Detroit

newsobserver | May 10, 2017

JPMorgan Chase to expand financial commitment to Detroit
JPMorgan Chase is expanding its financial commitment to Detroit's economic recovery.The bank will announce Wednesday at Focus: HOPE's conference Center in Detroit that an initial five-year investment of $100 million is expected to reach $150 million.

Spotlight

To objectively evaluate the quality and quantity of digital sales capabilities of the largest banks, Avoka commissioned a research team to evaluate each of the products visible on a bank’s website. In addition, the team evaluated Ease of Use for the most prominent deposit product on the websit


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BLOCKCHAIN

Mastercard Introduces A New Cryptocurrency And Blockchain Program For Startups

Mastercard | July 28, 2021

Mastercard today unveiled a new Start Path global startup engagement programme aimed at assisting fast-growing digital assets, blockchain, and cryptocurrency businesses. As part of Mastercard's digital assets work, seven startups have joined the programme, including GK8, Domain Money, Mintable, SupraOracles, STACS, Taurus, and Uphold, with the goal of expanding and accelerating innovation in digital asset technology and making it safer and easier for people and institutions to buy, spend, and hold cryptocurrencies and digital assets. Mastercard today unveiled a new Start Path global startup engagement programme aimed at assisting fast-growing digital assets, blockchain, an...

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FUNDING

Nium Raises Over $200 Million in Series D Funding

Nium | July 27, 2021

Nium, a leading worldwide B2B payments platform, today announced it has raised a US$200+ million Series D round led by Riverwood Capital – a U.S.- based high-development tech investor. Temasek, Visa, Vertex Ventures, Atinum Group of Funds, Beacon Venture Capital, Rocket Capital Investment, and other notable angel investors, including DoorDash executive, Gokul Rajaram; Chief Product Officer at FIS, Vicky Bindra; and, Co-Founder of Tribe Capital, Arjun Sethi, also contributed to the round. Nium's present valuation is above US$1 billion, making it the main B2B payments unicorn from Southeast Asia. The funding will be used to expand Nium's payments network framework, drive innovati...

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PAYMENTS

Paystand Raises $50 Million in Series C Funding to Build The Future of Commercial Finance

Paystand | July 26, 2021

Paystand, a blockchain-enabled payment network for businesses, announced today a $50 million Series C round of fundraising led by NewView Capital, with participation from SoftBank's Opportunity Fund, King River Capital, Industrious Ventures, and Transform Capital. This latest round nearly twice Paystand's previous fundraising and reflects the company's triple-digit growth as it leads the fight for an open commercial finance system. Paystand will invest this new cash in reinventing B2B payments in order to expedite the transition to a more business-centric payment infrastructure. Jazmin Medina of NewView Capital will join the board as a result of the funding. Paysta...

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FINTECH

Currencycloud Will Be Acquired By Visa

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 Currencycloud's outstanding stock. Currencycloud's cloud-based platform provides a comprehensive set of APIs that enable banks and financial service providers to provide currency exchange...

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Spotlight

To objectively evaluate the quality and quantity of digital sales capabilities of the largest banks, Avoka commissioned a research team to evaluate each of the products visible on a bank’s website. In addition, the team evaluated Ease of Use for the most prominent deposit product on the websit

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