Kiwi Secures $100M Credit Facility for U.S. Expansion

Kiwi, the fintech company building AI-powered financial tools for underbanked Latinos in the U.S., today announced it has secured a $100 million credit facility from Community Investment Management (CIM). This financing follows the company’s $8 million Series A earlier this year and will accelerate its mission of expanding access to responsible credit for underserved Latino communities nationwide. Founded in 2020 by Mariano Sanz and Alexander Schachter, both originally from the Dominican Republic, Kiwi was created...

CUNA Partners with HuLoop to Boost Credit Union Efficiency

CUNA Strategic Services (CSS) announces its new alliance with HuLoop Automation, a leader in AI-powered work intelligence for financial institutions. This new relationship will broaden usage of HuLoop’s tools among credit unions, empowering them to boost efficiency, reduce operational costs, and improve member experience through its innovative solution portfolio. “The new alliance between HuLoop and CUNA Strategic Services will help credit unions leverage high impact AI technology that makes a real difference for both employees...

Ripple Acquires Palisade to Expand Digital Asset Custody

Ripple, a financial technology company that offers crypto solutions for businesses, today announced the acquisition of digital asset wallet and custody company, Palisade. The acquisition will significantly expand Ripple’s custody capabilities to directly serve the core needs of fintechs, crypto-native firms, and corporates. Ripple Custody is designed for banks and financial institutions that want to safely secure digital assets, stablecoins, or Real World Assets (RWAs). With this acquisition, Ripple can now serve a broader set of customers...

First Community CU Adopts Scienaptic AI for Smarter Lending

Scienaptic AI, a global leader in AI-powered credit decisioning, today announced that First Community Credit Union, based in Houston, Texas, has chosen its platform to enhance credit access for its members. The credit union is adopting Scienaptic AI-powered, regulatory-compliant technology to support its goals of making faster, smarter lending decisions, streamlining credit processes, and extending lending opportunities to underserved members. First Community Credit Union has served Texas communities for more than 70 years with a mission...

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