Press
Wellesley Hill Financial, LLC Served as Exclusive Sell-side Advisor to Dealer Merchant Services (DMS) in its Sale to Priority Technology Holdings
Priority has acquired the assets as joint venture with Dealer Merchant Services (DMS), a Dallas-based company specializing in credit card payment processing for auto dealerships. DMS is one of the fastest growing companies in the country landing at #120 on the Inc 5000 list and #9 in financial services. Their team of 40 has over 450 years in automotive expertise, supporting over 1000 dealerships nationwide, and has exclusive endorsements from 17 state dealer associations, giving it unique access to thousands of auto retailers. With this acquisition, Priority is entering a new vertical market shaped by a clear industry trend: Americans are holding on to their cars
Capital Markets Tech / WealthTech
Architect Financial Technologies Reports $35M Series A to Scale Perpetual Futures Exchange AX
Architect Financial Technologies raised a $35M Series A funding to scale AX, a centralized, institution-focused perpetual futures exchange covering traditional asset classes and operating
Chart Of The Week
Wealthfront (NASDAQ: WLTH)
Wealthfront (NASDAQ: WLTH) recently issued new shares in an initial public offering, which received a tepid response from investors; the stock trended slightly down
Blockchain
Ripple Secures Federal Approval to Establish National Trust Bank
Ripple, the leader in enterprise blockchain and crypto solutions, has secured conditional approval from the Office of the Comptroller of the Currency (OCC) to
E-commerce
Truemed Closes $34 Million Series A to Unlock HSA/FSA Funds for Lifestyle Interventions
Truemed, a marketplace and payments platform that helps eligible consumers use HSA and FSA funds for preventive health purchases, has raised $34M in Series
Embedded Finance
Thread Raises $30.5 Million to Continue Building the Future of Embedded Banking
Thread Bancorp, the parent company of Thread Bank (the “Bank”), a wholly-owned subsidiary, has raised $30.5 million, led by Portage Ventures, to accelerate its
Fintech
UK Insurtech Marshmallow Raises $90M
U.K. fintech and insurtech startup Marshmallow has raised $90 million in debt and equity in a round led by Portage Capital, with participation from BlackRock
IDV / AML / KYB / Biometrics
Nexa Cards Enters Acquisition Discussions With OX Agency to Enhance AI-Based Identity and Security Capabilities
Nexa Cards, a global fintech company providing crypto-enabled and reloadable stored-value card solutions, has entered acquisition discussions with OX Agency to internalize AI-driven facial recognition
Investment - M&A
Rex Software, Cirrus8 and RealTrust Merge to Create Industry Leader
Rex Software has joined forces with Cirrus8 and RealTrust Property Accounting Solutions to create a leading real estate software and solutions provider for residential and
Open Banking
Commercial Bank of Dubai Becomes UAE’s First Bank Live on Open Finance
Commercial Bank of Dubai became the first bank in the UAE to go fully live with Open Finance under the Central Bank of the UAE’s
Payments
Andreessen Horowitz Buys the Dip in Navan After Post-IPO Selloff, Investing $9.3 Million
Andreessen Horowitz, the venture firm, has increased its stake in Navan by investing $9.3M after the company’s shares fell more than 50% post-IPO, signaling
PropTech
TPG to Acquire Majority Stake in Conservice
TPG, a leading global alternative asset management firm, signed a definitive agreement to acquire a majority stake in Conservice, reinforcing its strategy of investing
Saas
Fifteenth Announces $8.25 Million in Seed Funding to Help Tech Professionals Navigate Complex Taxes with Ease and Automation
Fifteenth, a tax solution designed for tech professionals with complex financial situations, has secured $8.25 million in seed funding led by A* and General Catalyst.
Specialty Finance / LendTech
CFPB Poised to Exempt Some Fintech Cash Advances from Loan Rules
The Consumer Financial Protection Bureau is poised to issue guidance clarifying that certain earned-wage access (EWA) products, which allow workers to access pay before
Press
Fintech Investment Bank Wellesley Hills Financial Expands Capabilities with New Executive Advisors
Announces addition of two recognized fintech and payments leaders to the team NEWTON, Mass.–(BUSINESS WIRE)–Wellesley Hills Financial, a global investment bank and strategic advisory
Week's Most Interesting
Capital Markets Tech
Architect Financial Technologies Reports $35M Series A to Scale Perpetual Futures Exchange AX
Architect Financial Technologies raised a $35M Series A funding to scale AX, a centralized, institution-focused perpetual futures exchange covering traditional asset classes and operating
Chart Of The Week
Wealthfront (NASDAQ: WLTH)
Wealthfront (NASDAQ: WLTH) recently issued new shares in an initial public offering, which received a tepid response from investors; the stock trended slightly down in
Crypto
Ripple Secures Federal Approval to Establish National Trust Bank
Ripple, the leader in enterprise blockchain and crypto solutions, has secured conditional approval from the Office of the Comptroller of the Currency (OCC) to form
Embedded Finance
Thread Raises $30.5 Million to Continue Building the Future of Embedded Banking
Thread Bancorp, the parent company of Thread Bank (the “Bank”), a wholly-owned subsidiary, has raised $30.5 million, led by Portage Ventures, to accelerate its embedded
E-commerce
Truemed Closes $34 Million Series A to Unlock HSA/FSA Funds for Lifestyle Interventions
Truemed, a marketplace and payments platform that helps eligible consumers use HSA and FSA funds for preventive health purchases, has raised $34M in Series A
Fintech
UK Insurtech Marshmallow Raises $90M
U.K. fintech and insurtech startup Marshmallow has raised $90 million in debt and equity in a round led by Portage Capital, with participation from
Fraud/Risk Management
Nexa Cards Enters Acquisition Discussions With OX Agency to Enhance AI-Based Identity and Security Capabilities
Nexa Cards, a global fintech company providing crypto-enabled and reloadable stored-value card solutions, has entered acquisition discussions with OX Agency to internalize AI-driven facial recognition
Investments - M&A
Rex Software, Cirrus8 and RealTrust Merge to Create Industry Leader
Rex Software has joined forces with Cirrus8 and RealTrust Property Accounting Solutions to create a leading real estate software and solutions provider for residential
Open Banking
Commercial Bank of Dubai Becomes UAE’s First Bank Live on Open Finance
Commercial Bank of Dubai became the first bank in the UAE to go fully live with Open Finance under the Central Bank of the UAE’s
Payments
Andreessen Horowitz Buys the Dip in Navan After Post-IPO Selloff, Investing $9.3 Million
Andreessen Horowitz, the venture firm, has increased its stake in Navan by investing $9.3M after the company’s shares fell more than 50% post-IPO, signaling
TPG to Acquire Majority Stake in Conservice
TPG, a leading global alternative asset management firm, signed a definitive agreement to acquire a majority stake in Conservice, reinforcing its strategy of investing in
Saas
Fifteenth Announces $8.25 Million in Seed Funding to Help Tech Professionals Navigate Complex Taxes with Ease and Automation
Fifteenth, a tax solution designed for tech professionals with complex financial situations, has secured $8.25 million in seed funding led by A* and General Catalyst.
Specialty Finance / LendTech
CFPB Poised to Exempt Some Fintech Cash Advances from Loan Rules
The Consumer Financial Protection Bureau is poised to issue guidance clarifying that certain earned-wage access (EWA) products, which allow workers to access pay before payday,