Financial technology

FRONTERA TO ACQUIRE STAKE IN TEXAS G & S INVESTMENTS, INC. D/B/A TEXAS MONEY EXCHANGE, AN EMERGING FINTECH IN THE TEXAS RIO GRANDE VALLEY BORDERLAND METROPOLIS

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Thursday, January 19, 2023
Solis, OTC Markets Group, Texas Department of Housing and Community Affairs, 2015–16 Texas–Rio Grande Valley Vaqueros women's basketball team, MSB, Intellectual property, Financial technology, TME, Rio Grande Valley, Acquisition, Bank, RGV, Tupperware

The term sheet also provides an option for Frontera to acquire the remaining 75.1% of TME over time.

Key Points: 
  • The term sheet also provides an option for Frontera to acquire the remaining 75.1% of TME over time.
  • TME is a Texas Department of Banking licensed and bonded non-depository financial institution engaged in the money service business (MSB).
  • TME is believed to be the largest foreign exchange and international payment specialist in the Texas Rio Grande Valley (RGV).
  • In business over 27 years, TME is an emerging Fintech and critical cog in the supply chain between the United States and Mexico.

Ascendant Announces New Strategic Business Investment from Battery Ventures

Retrieved on: 
Thursday, January 19, 2023
Financial technology, API, McCarthy, Battery, General partnership, Digital technology, Partnership, Growth, Battery Ventures, LLP, Software, Ascendant, Bank, Cryptocurrency

TORONTO, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Ascendant , an international provider of cross-border business payment solutions and a financial technology company, today announced that Battery Ventures, a global, technology-focused investment firm, has agreed to make a significant investment in the company.

Key Points: 
  • TORONTO, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Ascendant , an international provider of cross-border business payment solutions and a financial technology company, today announced that Battery Ventures, a global, technology-focused investment firm, has agreed to make a significant investment in the company.
  • This new strategic investment now paves the way for Ascendant to reach the next stage of scaling its business; expanding its network; and accelerating growth.
  • “Ascendant is a trusted business partner with a proven business model, professional leadership team and state-of-the-art technology solutions.
  • Ascendant and Battery expect the agreement to close in the first half of 2023, subject to regulatory approval.

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages UP Fintech Holding (TIGR) Investors with Significant Losses to Contact Firm’s Attorneys, Firm Investigating Possible Securities Law Violations

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Wednesday, January 18, 2023
News, The Wall Street Journal, WSJ, Person, TIGR, Growth, Steve Berman (lawyer), Financial technology, SAN, UP, Bank, Pharmaceutical industry, PRC

SAN FRANCISCO, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges UP Fintech Holding Limited (NASDAQ: TIGR) investors who suffered significant losses to submit your losses now .

Key Points: 
  • SAN FRANCISCO, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges UP Fintech Holding Limited (NASDAQ: TIGR) investors who suffered significant losses to submit your losses now .
  • UP Fintech Holding Limited (TIGR) Investigation:
    The investigation focuses on UP Fintech’s statements about the sources and legality of its growth.
  • This news drove the price of UP Fintech American Depositary Receipts sharply lower on Dec. 30, 2022.
  • If you invested in UP Fintech and have significant losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman .

AppTech Regains Nasdaq Minimum Bid Price Compliance

Retrieved on: 
Wednesday, January 18, 2023
Fox, Panel, Commerce, Auction, Management, Financial technology

CARLSBAD, Calif., Jan. 18, 2023 (GLOBE NEWSWIRE) -- AppTech Payments Corp. (AppTech) (NASDAQ: APCX), a Fintech company powering commerce experiences, today announced that it has successfully cured the Nasdaq minimum bid price deficiency.

Key Points: 
  • CARLSBAD, Calif., Jan. 18, 2023 (GLOBE NEWSWIRE) -- AppTech Payments Corp. (AppTech) (NASDAQ: APCX), a Fintech company powering commerce experiences, today announced that it has successfully cured the Nasdaq minimum bid price deficiency.
  • Nasdaq has informed AppTech that its Panel has determined to continue the listing of the Company’s securities on the Nasdaq Capital Market and is closing the matter.
  • AppTech has regained Nasdaq compliance as it has had a closing bid price of above $1.00 per share for 10 consecutive business days.
  • AppTech CEO, Luke D'Angelo states, “As we continue to grow our business model going into the new year, we are working towards value for our shareholders.

B2B Payments Global Market Report 2022: Increase in the Number of Monetary Transactions Boosts Sector

Retrieved on: 
Thursday, January 19, 2023
Financial technology, COVID-19, IOT, Internet of things, Payment, Artificial intelligence, Growth, Automation, Fraud, Sales, B2B

According to the report, 'B2B Payments Market,' the B2B payments market was valued at $125432.00 billion in 2021, and is estimated to reach $313947.8 billion by 2031, growing at a CAGR of 9.9% from 2022 to 2031.

Key Points: 
  • According to the report, 'B2B Payments Market,' the B2B payments market was valued at $125432.00 billion in 2021, and is estimated to reach $313947.8 billion by 2031, growing at a CAGR of 9.9% from 2022 to 2031.
  • The rapid digitalization and automation of the B2B payments system has accelerated its demand among business owners and drives the growth of the market.
  • Furthermore, the growth of global trade, strategies to expand the business sector, and surge in cross-border transactions involving a number of suppliers, wholesalers, retailers, and businesses are boosting the B2B payments market size.
  • Furthermore, an increase in the number of money transactions and a rise in the need for making early bill payments in the organization drive the growth of the B2B payment market.

PorchPass Product Provides the Speed of Cash to Secure Land for Manufactured Homes

Retrieved on: 
Thursday, January 19, 2023
SAN, FHA, Acquisition, Financial technology, Risk, White House, Real estate

SAN ANTONIO, Jan. 19, 2023 /PRNewswire/ -- PorchPass™, developed and launched by Braustin Homes, the nation's first virtual mobile home dealership, brings financial technology (fintech) speed to the process of securing land for a manufactured home. This new platform, accessible online, streamlines the manufactured home construction process, giving buyers the power and speed of a cash close.

Key Points: 
  • This new platform, accessible online, streamlines the manufactured home construction process, giving buyers the power and speed of a cash close.
  • "It's hard to compete with cash buyers," says Braustin Homes CEO Alberto Piña.
  • "PorchPass will expand the pie by helping the industry say yes to more customers looking for homes in the $250,000 range.
  • "The speed of PorchPass will make more affordable mortgage products, including FHA and VA home loans, available to people in the manufactured housing space," says Braustin Homes Chief Financial Officer Edward Stepanow.

Storepay Token ($SPCFIN) Announces Official Listing on AscendEx

Retrieved on: 
Thursday, January 19, 2023
Crypto, Quality of life, Cryptocurrency, Financial technology, Blockchain

SINGAPORE, Jan. 19, 2023 /PRNewswire/ -- Storepay is pleased to announce that as of December 28th, their native currency $SPCFIN has been officially listed on the global cryptocurrency exchange AscendEx. Trading of the $SPCFIN token on AscendEX is now available.

Key Points: 
  • SINGAPORE, Jan. 19, 2023 /PRNewswire/ -- Storepay is pleased to announce that as of December 28th, their native currency $SPCFIN has been officially listed on the global cryptocurrency exchange AscendEx .
  • Trading of the $SPCFIN token on AscendEX is now available.
  • Recently listed on the LBank Exchange, the $SPCFIN Token is expanding its utility.
  • The native token of Storepay, $SPCFIN , can be used to purchase goods through the Storepay app.

GBank Financial Holdings Inc. Named to 2023 OTCQX Best 50

Retrieved on: 
Wednesday, January 18, 2023
Financial technology, Small business, Bank, BCS, Common stock, Partnership, Growth, SBA, OTCQX, The Company, BankCard Services, Casino

LAS VEGAS, Jan. 18, 2023 /PRNewswire/ -- GBank Financial Holdings Inc. (the "Company") (OTCQX: GBFH), the parent company for GBank (formerly known as "Bank of George") (the "Bank"), is pleased to announce it has been named to the 2023 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.

Key Points: 
  • LAS VEGAS, Jan. 18, 2023 /PRNewswire/ -- GBank Financial Holdings Inc. (the "Company") (OTCQX: GBFH), the parent company for GBank (formerly known as "Bank of George") (the "Bank"), is pleased to announce it has been named to the 2023 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.
  • The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market.
  • Companies in the 2023 OTCQX Best 50 were ranked based on their performance in 2022.
  • For the complete 2023 OTCQX Best 50 ranking, visit:
    The OTCQX Best Market offers transparent and efficient trading of established, investor-focused U.S. and global companies.

Nagad featured as a case study of Philip Kotler's upcoming book

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Wednesday, January 18, 2023
MFS, Personality, Digital, Marketing management, Student, Communication, Marketing, Ministry, Information and Communication Technology Division, Philip Kotler, Textbook, Summit Group, Financial technology, Kellogg School, Kellogg School of Management, Kotler, Textile, Film

DHAKA, Bangladesh, Jan. 18, 2023 /PRNewswire/ -- Nagad, Bangladesh's favourite mobile financial service provider, has been featured as a case study in Philip Kotler's upcoming book "Essentials of Modern Marketing".

Key Points: 
  • DHAKA, Bangladesh, Jan. 18, 2023 /PRNewswire/ -- Nagad, Bangladesh's favourite mobile financial service provider, has been featured as a case study in Philip Kotler's upcoming book "Essentials of Modern Marketing".
  • Tanvir A Mishuk, founder and managing director of Nagad, has worked as a case co-author for this book, according to Northern Education Group, a strategic partner (Bangladesh) of Philip Kotler's organisation Kotler Impact, and World Marketing Summit Group.
  • The people with no Nagad accounts yet can also receive money to their mobile number from a Nagad account.
  • Along with Nagad, case studies of the ICT Division, Ministry of Land, Grameenphone and a few other organisations from Bangladesh will be included in the Bangladesh edition of the book.

Deal Box Launches Venture Arm to Invest $125M in Foundational Web 3 Technologies

Retrieved on: 
Wednesday, January 18, 2023
Financial technology, Investment, Real estate, Funtech, Science and technology in Asia, UCID, BlackRock, Arm, AI, Love, City, Evander Holyfield's Real Deal Boxing, Software, Friction, Semantic Web, TNS, BCG, App Store (iOS/iPadOS), Blockchain, Box, Social impact, Bank, Cryptocurrency, Commercial property, Growth

CARLSBAD, Calif., Jan. 18, 2023 /PRNewswire/ -- Deal Box, a capital markets advisory and secure token offering packaging platform, announces the launch of Deal Box Ventures, a venture arm that will invest $125M in startups that leverage foundational Web 3 technologies within five key fund areas.

Key Points: 
  • Deal Box Ventures to Focus on Key Markets Including Emerging Growth, Real Estate, FinTech, FunTech and Social Impact
    CARLSBAD, Calif., Jan. 18, 2023 /PRNewswire/ -- Deal Box , a capital markets advisory and secure token offering packaging platform, announces the launch of Deal Box Ventures, a venture arm that will invest $125M in startups that leverage foundational Web 3 technologies within five key fund areas.
  • Emerging Growth - Deal Box Ventures will lead rounds in early-stage companies developing unique, leading-edge products with the potential for rapid growth.
  • Real Estate - Deal Box Ventures will focus on sourcing and packaging high-alpha commercial and residential real estate in this $8.9 trillion market.
  • Social Impact - Deal Box ventures will actively source and package research-driven investments supporting founders in building world-changing companies with measurable impact.