Financial technology

FinTech Collateral Velocity Closes Investment Round

Monday, March 1, 2021 - 11:08pm

Collateral Velocity, Inc., a fintech that provides certain and immediate low-cost liquidity for healthcare organizations while improving banking relationships, revenues and relevance, announced it has closed an investment round and partnered with PMMC.

Key Points: 
  • Collateral Velocity, Inc., a fintech that provides certain and immediate low-cost liquidity for healthcare organizations while improving banking relationships, revenues and relevance, announced it has closed an investment round and partnered with PMMC.
  • The investment in Collateral Velocity will be used to expand the platform's capabilities to support the healthcare spend associated with managed bundled payment programs and enable hospitals and health systems to better address the financial uncertainties of various reimbursement practices by health plans and employers.
  • Collateral Velocity has designed new financial products based on the processing of public or private medical claims associated with value-based and other payor contracts.
  • Collateral Velocity is a portfolio company of Carolinas Fintech Ventures, LP (CFV), an early-stage venture capital firm specializing in financial technology.

HGreg Now Accepts Bitcoin Payments

Monday, March 1, 2021 - 11:04pm

Starting in March, the HGreg Groups 30 North American stores in Canada and the United States, will accept cryptocurrency payments for the purchase of new and pre-owned vehicles.

Key Points: 
  • Starting in March, the HGreg Groups 30 North American stores in Canada and the United States, will accept cryptocurrency payments for the purchase of new and pre-owned vehicles.
  • The HGreg Group is once again redefining the market by becoming one of the first automotive groups to accept cryptocurrency in its day-to-day operations.
  • Providing them with a greater variety of payment methods is part of it, explains the HGreg Groups president, John Hairabedian.
  • The HGreg Group is part of HGregoire, a network of 17 pre-owned and 13 new-car dealerships throughout Canada and the United States.

QCash Financial Announces Partnership with BCU to Introduce Express Loan

Monday, March 1, 2021 - 4:29pm

"BCU is committed to empowering our members to discover financial freedom," said David Brydun, Vice President of Lending at BCU.

Key Points: 
  • "BCU is committed to empowering our members to discover financial freedom," said David Brydun, Vice President of Lending at BCU.
  • "Together with QCash Financial, we are providing BCU members with a safe, affordable, and responsible loan solution for the challenges of real life."
  • QCash Financial , headquartered in Olympia, WA, is a purpose-driven fintech firm with a mission of empowering financial institutions in their quest to improve the financial wellness of their communities.
  • QCash Financial offers an automated, cloud-based, short-term lending technology and has recently launched a financial wellness app designed to build financial capacity, stability, and resilience.

Canadian fintech Hardbacon secures $1.1M in funding

Monday, March 1, 2021 - 3:03pm

MONTREAL, March 01, 2021 (GLOBE NEWSWIRE) -- Hardbacon has secured $1,166,400 in funding from over 800 investors through the FrontFundr equity crowdfunding portal.

Key Points: 
  • MONTREAL, March 01, 2021 (GLOBE NEWSWIRE) -- Hardbacon has secured $1,166,400 in funding from over 800 investors through the FrontFundr equity crowdfunding portal.
  • The company, which markets a personal finance application, has thus completed one of the largest rounds of equity crowdfunding in Canada.
  • Bacon Financial Technologies, better known under its brand name Hardbacon, is dedicated to helping Canadians make better financial decisions, achieve their financial goals and become wealthier.
  • Hardbacon also enables its users to compare different financial services such as credit cards, bank accounts, online brokers and robo-advisors.

IQST - iQSTEL Announces New Consolidated Telecommunications Brand Launch Coming Soon

Monday, March 1, 2021 - 2:32pm

NEW YORK, March 1, 2021 /PRNewswire/ --iQSTEL, Inc. (USOTC: IQST), an international provider of Telecom, Technology, Fintech and Blockchain solutions, today announced the company is consolidating its telecommunications subsidiaries and plans to soon introduce a comprehensive line of telecommunication services under one single unified telecommunications Brand.

Key Points: 
  • NEW YORK, March 1, 2021 /PRNewswire/ --iQSTEL, Inc. (USOTC: IQST), an international provider of Telecom, Technology, Fintech and Blockchain solutions, today announced the company is consolidating its telecommunications subsidiaries and plans to soon introduce a comprehensive line of telecommunication services under one single unified telecommunications Brand.
  • Now, IQST will consolidate its Etelix, SwissLink, QGLOBAL, SMSDirectos under one single brand.
  • IQST plans to announce the new Brand Name and further consolidation details before the end of the month.
  • iQSTEL Inc (OTC: IQST) ( www.iQSTEL.com ) is a US-based publicly-listed company offering leading-edge Telecommunication, Technology and Fintech Services for Global Markets, with presence in 13 countries.

Benzinga Hosting Four-Part Special Celebrating Women in FinTech

Monday, March 1, 2021 - 2:10pm

1, 2021 /PRNewswire/ --Women are financial powerhouses but there is still a gender gap in the financial services industry.

Key Points: 
  • 1, 2021 /PRNewswire/ --Women are financial powerhouses but there is still a gender gap in the financial services industry.
  • According to Deloitte, women make up just 7% of fintech founders.
  • In an effort to close this gap and in honor of Women's History Month, Benzinga is hosting Women in Fintech , a four-part series devoted to highlighting the achievements of women in financial services and fintech.
  • Women in Fintechis open to women of all ethnicities, professions, and social backgrounds, locally and nationally, and men who support them.

GMO-Z.com Trust Company Launches First Regulated JPY-Pegged Stablecoin

Monday, March 1, 2021 - 2:03pm

NEW YORK, March 1, 2021 /PRNewswire/ -- GMO-Z.com Trust Company ("GMO Trust"), a New York subsidiary of GMO Internet Group, the Tokyo-based Internet and Finance conglomerate, has launched the world's first regulated JPY-pegged stablecoin, (Ticker: GYEN), as part of a move to digitize the most traded currencies and fuel blockchain technology.

Key Points: 
  • NEW YORK, March 1, 2021 /PRNewswire/ -- GMO-Z.com Trust Company ("GMO Trust"), a New York subsidiary of GMO Internet Group, the Tokyo-based Internet and Finance conglomerate, has launched the world's first regulated JPY-pegged stablecoin, (Ticker: GYEN), as part of a move to digitize the most traded currencies and fuel blockchain technology.
  • GMO Trust joins the ranks of Paxos, Gemini, Coinbase Custody, NYDIG, Bakkt and Fidelity Digital Assets as the seventh company to be granted a limited purpose trust charter by the New York Department of Financial Services to offer a stablecoin, which occurred on December 29, 2020.
  • For more information, please visit https://www.gmo.jp/en/
    GMO Trust, based in New York, is a limited purpose trust company regulated by the New York Department of Financial Services.
  • Issuing the world's first regulated JPY stablecoin, GMO Trust also offers a USD stablecoin "ZUSD."

Regulatory Support Grows for the Expansion of Online Gambling

Monday, March 1, 2021 - 2:00pm

Online gambling has also been growing over the past two decades, owing to the rise of the internet, various technological advancements related to fintech and easy to use mobile interfaces.

Key Points: 
  • Online gambling has also been growing over the past two decades, owing to the rise of the internet, various technological advancements related to fintech and easy to use mobile interfaces.
  • Last year however, the demand for online gambling grew exponentially, as the pandemic created a friendlier environment for online businesses.
  • In fact, the progress made last year in regards to the regulatory rollback of online gambling and sports betting is now expected to continue in 2021.
  • He will also play a crucial role in Lottery.com's global expansion plans, in both regulatory matters and acquisitions.

Regulatory Support Grows for the Expansion of Online Gambling

Monday, March 1, 2021 - 2:00pm

Online gambling has also been growing over the past two decades, owing to the rise of the internet, various technological advancements related to fintech and easy to use mobile interfaces.

Key Points: 
  • Online gambling has also been growing over the past two decades, owing to the rise of the internet, various technological advancements related to fintech and easy to use mobile interfaces.
  • Last year however, the demand for online gambling grew exponentially, as the pandemic created a friendlier environment for online businesses.
  • In fact, the progress made last year in regards to the regulatory rollback of online gambling and sports betting is now expected to continue in 2021.
  • He will also play a crucial role in Lottery.com's global expansion plans, in both regulatory matters and acquisitions.

Future FinTech Enters into a Definitive Share Exchange Agreement to Acquire Sichuan Ticode Supply Chain Management Co., Ltd.

Monday, March 1, 2021 - 1:30pm

Ticode's business includes procurement agent services, sales agent services, inventory pledged loan services, and supply chain financing intermediary services.

Key Points: 
  • Ticode's business includes procurement agent services, sales agent services, inventory pledged loan services, and supply chain financing intermediary services.
  • Ticode's supply chain related services cover electronic components, technology services to supply chain data management for the electronics industry, and supply chain management for various electronic components and materials, metal materials and raw plastic materials.
  • We will also jointly build a professional and intelligent supply chain platform to promote supply chain finance and assist in the development of small and medium-sized enterprises.
  • About Future FinTech Group Inc.
    Future FinTech Group Inc. ("Future FinTech", "FTFT" or the "Company") is a leading blockchain e-commerce companyand a service provider for financial technology incorporated inFlorida.