LATEST NEWS

Washington Eyes Taxing Wealthy

Washington Eyes Taxing Wealthy More For Fairness Code

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In a move to promote wealth equality in the Washington state, the legislators are looking into enforcing a one percent tax for individuals with...
Auto Insurance Payment Via Bitcoin

Auto Insurance Payment Via Bitcoin Gains Approval from Some Companies

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Insurance Panda, a New York City-based provider of auto insurance quotes, has posted a new article on its website that discusses a relevant topic...
Santander Vows to Slash Lending to Coal-Focused Firms

Santander Vows to Slash Lending to Coal-Focused Firms by 2050

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In a press release posted on its blog, Santander Group announced its plan to cut down its lending to power generation companies that relies...
Ariel Stock Investments

Ariel Drops Generac, Slashes Microsoft and Nokia Investments

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Ariel Investments LLC recently sold all of its Generac Holding Inc. and China Mobile shares in the fourth quarter of 2020, reported Yahoo! Finance....
Kin Insurance Covers Property Values

Kin Insurance Covers Over $10B in Property Values

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Insurtech company Kin Insurance has recently surpassed $10 billion in total insured property value, according to PRWeb. This shows a growth of around 400%...
IndiGo 6E Rewards Ka-Ching Credit Card

IndiGo Celebrates One Year of 6E Rewards Ka-Ching Credit Card

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IndiGo, India's leading airline, has revealed additional incentives for its '6E Rewards' credit cardholders to mark the successful one year of its 6E Rewards...
Billhop Series A Funding Round

Swedish Fintech Billhop Raises €4M in Series A Funding Round

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Billhop announced Tuesday, February 16, 2021, that it had successfully raised €4 million in its Series A investment round. Following the €4 million investment,...
UpEquity Real Estate Lending

UpEquity Raises $25M Series A for Real Estate Lending

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Austin real estate software firm UpEquity plans to expand its lending services with the $25 million Series A funding, led by a local firm...
Bitcoin Development Fund

Dorsey and Jay-Z Builds Bitcoin Development Fund

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Twitter CEO Jack Dorsey and rapper-turned-entrepreneur Jay-Z recently announced that they will be launching a Bitcoin development fund focused in Africa and India, reported...
Credit and Debit Cards Vertical Orientation Design

Credit and Debit Cards Design Switches to Vertical Orientation

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Due to the continuous popularity of tap-to-pay systems, credit and debit cards with horizontal designs are soon turning into vertical ones. Chip readers and tap-to-pay...
Vevolution Launches Plant-Based and Cell-Based Startups

Vevolution Launches Fintech Platform for Plant-Based and Cell-Based Startups

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Vevolution, a London-based private company supporting plant-powered business, has officially launched a new fintech platform for plant-based and cell-based startups to connect with investors...
Eduvanz Raises Debt Funding

Eduvanz Raises $10M in Debt Funding, Aims for Expansion

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Education loan firm and financial technology company Eduvanz successfully raised $10 million in debt funding from different financial institutions. Following this, the company seeks...
Elon Musk Goes All in on Bitcoin

Elon Musk Goes All in on Bitcoin, Purchases $1.5BN Worth

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Elon Musk’s very own Tesla announced Monday, February 8, 2021, that it has purchased $1.5 billion worth of cryptocurrency via a filing with the...
Allstate Auto Insurance Renewal Rate Down

Allstate Auto Insurance Renewal Rate Down in 2020

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Illinois-based insurance company Allstate reported a drop in policy renewals of about 87.5 percent in 2020, the worst rate since 2001. The company stated that...
Kuwait Forced to Tap Into Wealth Fund

Kuwait Forced to Tap Into Wealth Fund as Cash Reserves Deplete

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Kuwait, considered one of the world’s richest nations, has reportedly been forced to open and transfer the remnants of its current performing assets to...
S&P Predicts Global Bank Losses

S&P Predicts Global Bank Losses Can Reach $1.8T

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Credit rating agency S&P Global Ratings predicts that banks will lose $1.8 trillion in 2020 and 2021 combined, reported Live Mint. This is an...
Fintech Millions Secures Funding

Fintech Millions Secures $3M Seed Funding

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Another fintech firm secures millions of funding from anonymous investors and is currently giving away cash on Twitter. Millions, a new company allowed brands...
Grab Loan Term Facility

Grab Successfully Closes $2B Loan Term Facility

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Southeast Asian ride-hailing and payments giant Grab has successfully secured a massive $2 billion term loan facility. According to Tech in Asia, the term...
GameStop Hedge Funds

GameStop Short Squeeze Results in Around $20B Loss

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Retail investors in GameStop (GME) have caused hedge funds to short-selling the stocks $19.7 billion in losses in January, reported CNBC. The rally led...
Reopen Affordable Care Act Insurance

Biden Signs Exec Order to Reopen Affordable Care Act Insurance

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U.S. President Joe Biden took executive actions to reopen the federal marketplaces for the Affordable Care Act (ACA) with COVID-19 coverage. An executive order signed...
Collective Wealth of Billionaires

Billionaires Combined Wealth Reach $4.1 Trillion

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Anti-poverty group Oxfam publishes a report citing how steep the income inequality has been at the time of the pandemic, with billionaires’ combined wealth...
MPower Financing Investment

Fintech Startup MPower Raises $25M

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Student loan startup MPower Financing recently obtained funding of $25 million, according to an exclusive by the Washington Business Journal. The money will be...
Roostify Boost Lending Solutions

Roostify Secures $32M Funding to Boost Lending Solutions

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Digital platform for home lending Roostify has raised a Series C funding worth $32 million amid the unstable real estate market. The company that connects...
China Leading Foreign Direct Investment

China at the Forefront of Foreign Direct Investment

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China just surpassed the United States as the leading foreign direct investment destination across the globe, reported the Wall Street Journal. This is a...
LeoCare Series A Round

Insurtech Startup LeoCare Gains €15M in Series A Round

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French insurance technology startup company LeoCare raised €15 million (approximately $18.1 million) in its Series A funding round. The investment round was led by...
Morgan Stanley Hits Revenue Increase

Morgan Stanley Hits 51% Revenue Increase, Tops Estimates

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U.S. multinational bank Morgan Stanley reported a profit jump of 51 percent in its fourth-quarter report, rounding up an excellent performance in all three...
Walgreens Credit Card Business

Walgreens Enters Credit Card Business

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Pharmacy chain Walgreens recently announced its plan to launch its own credit card co-branded with Mastercard and Synchrony, reported CNBC. Its loss of financial...
Volopay Seed Funding Round

SG-Based Fintech Volopay Gains $2.1M in Seed Funding Round

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Singapore-based financial technology startup company Volopay announced its successful seed funding round where it raised $2.1 million. The investment round was led by dating...
UK Records Highest Borrowing During the Global Pandemic

UK Records Highest Borrowing At £372.2Bn During the Global Pandemic

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As the global pandemic hits the UK economy, the government has been borrowing money to bolster the public sector workers’ pay and other spending...
Investment Firm Exposure in the Cryptocurrency Market

Institutional Investors Drive 900% Jump on NY-Based Investment Firm

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The flood of institutional investors caused a dramatic increase in the assets of New York-based investment firm Grayscale, reaching $20.2 billion from $2 billion...