Company - FinTecBuzz

Tiptree Announces Closing of Strategic Investment in Fortegra

June 22, 20223 min

Tiptree Inc. (NASDAQ:TIPT) (“Tiptree” or the “Company”), today announced the closing of the previously announced $200 million strategic investment in its insurance subsidiary, The Fortegra Group, Inc. (“Fortegra”) from Warburg Pincus, a leading global growth investor. The investment gives Warburg Pincus an approximately 24% ownership in Fortegra on an as-converted basis. Up to $60 million of the proceeds will be used to support Fortegra’s growth opportunities with the remainder used to repay Tiptree’s existing indebtedness...

by BusinessWire

Crypto Currencies

ProShares to Launch the First U.S. Short Bitcoin-Linked ETF on June 21

June 21, 20224 min

BITI will offer investors the opportunity to potentially profit when the daily price of bitcoin declines, with the convenience, cost-efficiency, and liquidity of an ETF.

by BusinessWire

Payments

Corpay Announces New Collaboration with PracBiz

June 21, 20223 min

Collaboration will provide PracBiz Exchange members access to cross-border payments and foreign currency exchange solutions

by BusinessWire

Investments

Northlane Capital Partners Invests in Infobase

June 16, 20223 min

Northlane Capital Partners (“NCP”) announced today that it has made an investment in Infobase, a leading provider of cloud-based educational solutions, integrating content, tools, and technology to foster lifelong learning and deliver interactive learning experiences. NCP invested in partnership with the Infobase management team, led by CEO Paul Skordilis. Headquartered in New York, Infobase curates high-value content and uses its software platforms to deliver that content to students, educators, librarians, corporations, and parents. Its products...

by PRNewswire

Payments

Flutterwave Appoints Oneal Bhambani as Chief Financial Officer

June 15, 20227 min

Oneal joins from American Express, where he was Vice President, Chief Financial Officer and Head of Capital Markets of Kabbage, one of the world’s largest fintech platforms offering credit, banking and payments solutions. Previously, as CFO of late-stage, pre-IPO Kabbage, Oneal helped lead its acquisition and integration within American Express. Oneal’s experience managing large-scale operations and capital markets will help continue Flutterwave’s growth, accelerate the company’s expansion, further develop credit products and prepare for a...

by BusinessWire

Insurance

Nirvana Insurance welcomes Robert Gadaleta as Head of Insurance

June 14, 20224 min

Nirvana Insurance, a technology-driven platform that modernizes commercial fleet insurance using vast amounts of telematics data to improve safety and reduce premiums, announces the appointment of Robert (Bob) Gadaleta as Head of Insurance. In his new post with Nirvana, Gadaleta will oversee insurance operations across business development, underwriting, claims, carrier and reinsurance relationships, risk management and more as the company scales. Gadaleta brings decades of experience in claims, product management, distribution, and leadership from his...

by PRNewswire

Payments

CoinsPaid becomes the crypto payment market leader

June 10, 20225 min

The leading cryptocurrency payment gateway CoinsPaid has demonstrated record growth in 2022. The company’s overall processed volume reached €12 billion and keeps growing by almost €1 billion each month, making CoinsPaid the largest crypto processor by monthly volume. In 2022, the number of processed transactions hit 6.5 mln and the operations volume approached the €4.5 billion mark. These figures are several times higher than those for the same period in 2021. Outstanding results 4th year in...

by PRNewswire

Payments

Request Finance closes a $5.5 million seed round

June 9, 20229 min

Request Finance, the Web3 enterprise crypto payments startup, has closed a $5.5 million seed round with institutional backers including Animoca Brands, Europe’s leading early-stage venture capital investor Balderton Capital, and XAnge. The seed round also attracted a star-studded lineup of Web3 founders including Sebastien Borget co-founder and COO at The Sandbox, Michael Kong, CEO of Fantom, and Stani Kulechov, founder and CEO of Aave, and Julien Bouteloup, Founder of StakeDAO. The fresh round of capital will support the company’s efforts to expand its...

by PRNewswire

Crypto Currencies

FTX Launches FTX Japan to Service Japanese Market

June 6, 20224 min

The move signals FTX's continued global expansion of its industry-leading products and services

by PRNewswire

Investments

NTT Finance Invests in D-ID

May 31, 20226 min

NTT Finance joined recent Series B round to help D-ID expand the horizons of cutting-edge Digital Human and Reenactment technologies

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