DigniFi, Brigade Capital Management | August 01, 2022
Today, DigniFi, a leading fintech platform for the automotive industry, announced a new partnership with asset manager Brigade Capital Management, LP (“Brigade”). Among other investments across the fixed income spectrum, Brigade provides tailored capital solutions to specialty finance companies and is widely respected for its capital markets expertise and broad network of institutional investors.
This initial recapitalization empowers DigniFi to execute its three-year growth strategy centered on operational stability, product development and commercialization, and expansion into transportation-adjacent markets and ecosystems.
A representative from Brigade will join DigniFi’s Board of Directors as an Advisor and Observer.
DigniFi is a FinTech company and leader in the world of transportation. We help auto dealers and small businesses across the country grow their revenue and delight their customers with visionary, inclusive financing. Our technology simplifies the loan application process and enables small businesses to offer on-the-spot financing, for auto repairs, parts and accessory purchases, and maintenance packages. All credit products are originated by WebBank, Member FDIC. To date, DigniFi has helped over 6,000 small businesses across the nation secure almost $200 million in incremental transactions. For more information, visit DigniFi.com.
Future Family, CCRM Fertility | July 06, 2022
Today, Future Family, the only fertility finance platform to pair a modern fintech experience with client care and wellness support, announced that it will add a 0% interest rate fertility financing program to its offerings. This first-of-its-kind plan enables prospective parents to pay for high-cost fertility treatments with no additional interest for up to 12 months. This is a game-changing alternative to large upfront payments or high-interest rate credit cards. Future Family is kicking off the program in partnership with CCRM Fertility, the global pioneer in fertility science, research, and treatment.
Financing is the smartest way to pay for fertility treatment and Future Family’s 0% interest plan allows eligible patients to pay the same amount as a cash purchase, but with the flexibility of spreading payments out over time. Future Family is the best fertility partner for prospective parents, especially when compared to credit cards, which are used by just over 85% of patients, have average interest rates over 15%, and credit limits that are frequently lower than the cost of treatment. Future Family’s plans offer an alternative to carrying a credit card balance, which can negatively impact credit scores and become burdensome in the future.
“Before this program, no fertility financing company offered a 0% interest financing plan without huge application fees costing thousands of dollars, so this truly is a breakthrough that will give even more prospective parents the opportunity to grow their families,” said Claire Tomkins, CEO and Founder of Future Family.
“Before this program, no fertility financing company offered a 0% interest financing plan without huge application fees costing thousands of dollars, so this truly is a breakthrough that will give even more prospective parents the opportunity to grow their families,” said Claire Tomkins, CEO and Founder of Future Family. “We’re very proud to announce this partnership with CCRM Fertility and to launch a unique financing option that will meet the needs of even more patients. Future Family believes that building a family is one of the most significant milestones in life, and financing coupled with care and wellness is the safest and smartest solution for prospective parents.”
Today, nearly 50% of people who visit a fertility clinic in pursuit of care and support do not move forward with treatment due to the high cost and complexity. Future Family is transforming the typically difficult and confusing experience with its platform, which combines payments to multiple providers into a streamlined and predictable experience bolstered by autopay and support from personal fertility coaches.
“Future Family opens the door for even more people interested in growing their families with fertility treatments by changing how to approach paying for treatment and expanding access to care,” said Jon Pardew, President and CEO of CCRM Fertility. “Both Future Family and CCRM Fertility offer best-in-class patient care and support with a focus on innovative solutions. We are thrilled to offer this much-needed financing option to our patients at most U.S. CCRM Fertility locations.”
To learn more about Future Family, please visit www.futurefamily.com.
About Future Family
Future Family is where people start their fertility journey. The company’s mission is to make fertility care accessible and affordable to all. Future Family combines advances in fintech, fertility, and concierge care to empower prospective parents throughout their fertility journey. Future Family was founded by former SolarCity exec Claire Tomkins, whose own fertility struggles inspired her to improve the experience for other women.
About CCRM Fertility
CCRM Fertility is a global pioneer in fertility treatment, research, and science. Founded by Dr. William Schoolcraft 35 years ago, CCRM Fertility specializes in the most advanced fertility treatments, with deep expertise in IVF, fertility testing, egg freezing, preimplantation genetic testing, third party reproduction, and egg donation. CCRM Fertility leverages its own data and a dedicated team of in-house reproductive endocrinologists, embryologists, and geneticists to deliver industry-leading outcomes. CCRM Fertility has 26 locations in North America serving patients in 11 major metropolitan areas, including Atlanta, Boston, Dallas-Fort Worth, Denver, Houston, New York, Northern Virginia, Minneapolis, Orange County, San Francisco Bay Area, and Toronto. For more information, visit www.ccrmivf.com.
METACO | May 27, 2022
LevelField Financial, the premier U.S. financial services firm uniting digital assets and traditional banking services in one trusted platform has selected METACO, the market-leading provider of digital asset custody orchestration technology to complex, global financial institutions. LevelField is deploying its institutional digital asset management operations on IBM Cloud in order to leverage the confidential computing capabilities of IBM's digital asset infrastructure.
Founded by banking executives with decades of global experience, LevelField is in the process of acquiring a federally chartered bank in the United States. To launch its digital asset offering, LevelField will use METACO's digital asset custody and orchestration platform, Harmonize, helping enable clients to securely store, trade, and settle digital assets. Harmonize was built in partnership with Tier 1 banks and offers the highest standards of security and compliance for LevelField to operate in the digital assets sector. This foundational infrastructure provides LevelField with the option to further expand its digital asset offering in the future, in a highly-scalable and efficient manner.
LevelField will deploy Harmonize, which is supported by IBM Cloud Hyper Protect Services¹. This setup will allow LevelField to scale to millions of wallets, while maintaining control over private keys for risk management. IBM's Digital Asset Infrastructure is designed to help custodians achieve greater results when using METACO's Harmonize platform, including enhanced scalability, security, and compliance.
IBM Cloud Hyper Protect Crypto Services is designed to enable METACO Vaults to store encrypted keys externally in a database while affording the protections of IBM's FIPS 140-2 Level 4 rated hardware security modules (HSM). With external storage of keys enabled by IBM's master encryption key technology, custodians can scale to billions of wallets. The sensitive processing on METACO Harmonize is secured by IBM Cloud Hyper Protect Virtual Servers hardware-based, Common Criteria-certified isolation. IBM Cloud Hyper Protect Secure Build Server is designed to reduce risks of malicious code insertion during Harmonize deployments and address unauthorized rule manipulation by working to make policies on the platform tamper proof. Irrespective of how Harmonize is consumed, custodians retain physical control of the root of trust of the assets and the policies that govern management of the assets, through the IBM HSM Smartcards.
We're pleased to support LevelField in realizing its vision of uniting digital assets with traditional finance to create the most trusted banking platform of the future. Harmonize provides bank-grade security and compliance for the custody and management of digital assets, as well as the agility for innovative firms like LevelField to go-to-market and scale quickly. With a flexible governance policy framework that can be applied to any type of digital asset transaction, a no-single-point-of-failure model, and the optionality to expand and offer any type of digital asset services, Harmonize provides a highly secure and flexible foundation for LevelField to manage its digital asset operations, both today and well into the future."
Seamus Donoghue, VP of Strategic Alliances at METACO.
Established in Houston in 2018, and currently pending a banking charter, LevelField aims to blend digital banking, securities, and digital assets to provide a comprehensive banking service for the digital economy. The firm is building a customer- focused financial services platform for digital and traditional assets that leverages the strengths of the U.S. banking system, is built on a solid foundation of regulatory compliance, and draws on its management team's expertise across traditional banking.
LevelField is comprised of career bankers who deeply understand the importance of compliance and security. We searched for the platform that would enable us to meet our rigorous standards for security and compliance, while also giving us the flexibility to grow our digital asset business in any direction. METACO's Harmonize orchestration platform, supported by IBM Cloud Hyper Protect Services, is the ideal solution and something which may become the gold-standard in the industry. This infrastructure enables us to demonstrate our compliance and the highest levels of security no matter what area of digital assets we expand into."
Michael Clayton, CTO, LevelField.
Founded in 2015 in Switzerland, METACO is a technology company whose mission is to enable financial and non-financial institutions to securely manage their digital asset business and capitalize on the burgeoning digital asset economy.
The company's core product, Harmonize, is an orchestration system for digital assets. From cryptocurrency custody and trading to tokenization, staking, and smart contract management, the platform seamlessly connects institutions to the new world of decentralized finance (DeFi).
Atomic | June 10, 2022
Atomic, the market-leading payroll connectivity solution, and Bond Financial Technologies Inc., the leading embedded finance company, announced the deepening of their existing partnership with the launch of Atomic's Repay product, which allows customers to embed repayment of financial obligations over time directly from their paycheck.
Repay allows consumers to make recurring payments, such as breaking up monthly rent or repaying a loan in smaller installments instead of larger lump sums. This service saves financially strained consumers from taking out a loan or missing repayment dates by connecting repayments from their wages instead of a bank account. In the case of an employer benefit, the administrative costs are assumed by employers, making it a desirable option for those seeking easier ways to make ends meet.
Repay gives consumers the tools to take control of their personal finances, both income and liabilities, and for customers to proactively tailor products to their user's financial profile with payroll data. For financially vulnerable consumers, it works as a fractional repayment plan that gives them a lifeline to pay for things they need without having to risk falling behind on bills and incurring an avoidable fee, Meanwhile, our customers now have a novel option to build goodwill with consumers by offering better interest rates while minimizing default and late repayment risks."
Jordan Wright, Co-founder and CEO of Atomic.
Atomic uses Bond's embedded finance infrastructure to create and open user bank accounts and avoid the burdensome integration with a sponsor bank, as well as managing KYC, ongoing transaction monitoring and compliance. When a user signs up, Repay connects payroll information, Bond opens a demand deposit account (DDA) for the user, calculates the fractional deposits, manages payment according to the due date, and automatically makes the payments on time. As an added benefit, users have full visibility into how their funds are moving around — the system monitors all deposits and distributions, provides continuous access to activities, and when needed, will refund any overpayment to the user — reconciling it all, usually in under a week.
Bond is thrilled that we could partner again with our friends at Atomic, Atomic and Bond together bring a seamless, integrated solution to a major problem that often leaves employees confused and employers concerned about their workers' financial well-being."
Roy Ng, CEO and Co-founder of Bond.
Several partners have joined Atomic's Repay beta and the initial consumer sentiment for the product is positive. Dónde, which offers travel savings accounts as an employment benefit, enables workers to save and pay for travel, increasing usage of paid time off and improving overall workplace satisfaction.
Our customers know the importance of taking time off, but their employees must figure out how to save and plan for a vacation in a way that doesn't add more stress and negate the benefit of time away. Repay can meet a popular pain point for workers to stably fund the account from their payroll and maximize their employer match. Atomic's solution has made it seamless for us to deliver on our promise to help employees stay centered."
Rilee Buttars, CEO of Dónde.
Atomic is the market leading provider of payroll APIs, trusted by 12 of the largest fintech firms, including digital-first neobanks, alternative lenders, and digital brokerages. Atomic's payroll integrations provide the infrastructure to connect consumers to their financial data, automate setting up and updating direct deposits, repaying financial obligations from their paycheck, accessing earned but unpaid wages, and tapping tax withholdings on-demand.
Atomic simplifies complicated payroll integrations with a single API that covers over 450 unique payroll connections, including incumbent payroll providers, bespoke enterprise solutions, modern HR tech providers, gig-economy platforms and government systems. Atomic's payroll APIs cover 75% of the U.S. workforce with a combined reach of 125 million workers. Atomic has raised $78.6 million from investors, including Mercato Partners, Core Innovation Capital, Portage, and Greylock.
Bond enables any company to become a fintech. Through Bond's full-stack embedded finance platform, customers can offer personalized and compliant financial products to their end users, including high value-add products such as credit builder cards and commercial charge cards. Bond was founded in 2019 by industry veterans from Blackrock, Goldman Sachs, SAP, SoFi, and Twilio, with deep roots in financial services, technology and enterprise software. Bond is a remote-first company, with office locations in San Francisco (HQ), New York City and Salt Lake City.