Ripple faces SEC lawsuit over XRP sale valued at $1.3B over 7 years

Ripple faces SEC lawsuit over XRP sale valued at $1.3B over 7 years

The Securities and Exchange Commission (SEC) is suing Ripple, the company behind the cryptocurrency XRP, alleging it violated federal securities laws. The regulator claims it conducted a $1.3B unregistered securities offering.

Read More

Goldman tests Marcus robo-adviser offering

Goldman tests Marcus robo-adviser offering

Goldman Sachs is carrying out an employee beta test for Marcus Invest, a new automated investment service for retail consumers that will be offered through the bank’s consumer brand Marcus by Goldman Sachs, CNBC reported.

Read More

Rent-A-Center to acquire Acima Holdings in $1.65B deal

Rent-A-Center to acquire Acima Holdings in $1.65B deal

Rent-A-Center, a retailer that offers home furnishings, appliances, and electronics, on a lease-to-own basis, is planning to acquire digital lease-to-own provider Acima Holdings in a $1.65B cash and stock transaction.

Read More

Social payments app Meemo launches custom digital gift card platform

Social payments app Meemo launches custom digital gift card platform

Meemo, a payments app that tracks user transactions and offers merchant rewards, launched a website where users can create personalized gift cards.

Read More

Thoma Bravo to acquire RealPage for $10.2B

Thoma Bravo to acquire RealPage for $10.2B

Private equity firm Thoma Bravo has agreed to buy property management software provider RealPage for $10.2B, in a deal described as one of the largest recent leveraged buyouts.

Read More

TransferWise is said to be planning a 2021 IPO

TransferWise is said to be planning a 2021 IPO

TransferWise, the U.K.-based cross-border payments fintech that’s reportedly valued at $5B, is preparing to go public in the new year, according to Sky News.

Read More

Robinhood to pay $65M civil penalty to settle SEC charges

Robinhood to pay $65M civil penalty to settle SEC charges

Brokerage Robinhood this week agreed to pay a civil penalty of $65M over charges from the Securities and Exchange Commission that it was misleading customers.

Read More

Islamic fintech Wahed acquires banking app Niyah

Islamic fintech Wahed acquires banking app Niyah

Wahed, a U.S.-based Islamic fintech that offers a compliant investment management platform, has acquired Niyah, a British company that runs a banking app designed for Muslim communities. Terms of the deal were not disclosed.

Read More

Credit Karma taps Progressive for auto insurance discount program

Credit Karma taps Progressive for auto insurance discount program

Consumer technology platform Credit Karma, widely known as a credit monitoring tool, is boosting its data-focused strategy through a behavior-based auto insurance discount program offered in partnership with Progressive.

Read More

Quontic Bank launches Bitcoin rewards checking account

Quontic Bank launches Bitcoin rewards checking account

In a holiday season that’s seeing Bitcoin’s value rise, a New York-based community bank is allowing customers to earn Bitcoin rewards through a traditional checking account.

Read More

Google Pay launches merchant cash back rewards, supported by Fidel API

Google Pay launches merchant cash back rewards, supported by Fidel API

Google Pay launched merchant cash back rewards through a partnership with U.K.-based startup, Fidel.

Read More

DoorDash launches banking platform for delivery workers

DoorDash launches banking platform for delivery workers

Food delivery platform DoorDash, which this month went public at a $60.2B valuation, is rolling out a banking solution for its workers that includes a prepaid visa card and mobile banking app.

Read More

Nationwide launches partner portal to help embed its offerings into third-party platforms

Nationwide launches partner portal to help embed its offerings into third-party platforms

Insurance giant Nationwide launched a marketplace portal designed to allow partners to deliver the insurer’s products through their platforms. Products offered through it include auto, home, commercial, and pet insurance products.

Read More

Wealthfront and Betterment prepare for next phases of growth

Wealthfront and Betterment prepare for next phases of growth

Betterment and Wealthfront, two early robo-adviser startups that ushered in a wave of automated investment tools more than a decade ago, are preparing to expand their market share and scale more quickly.

Read More

Canadian banks double down on personal finance assistants

Canadian banks double down on personal finance assistants

TD Bank and CIBC this week announced enhanced capabilities for their AI banking assistants, in a bid to drive engagement and keep customers in their ecosystems.

Read More