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The $100 million credit facility is being provided by Brevet Capital, a US-based investor that provides alternative financing options to companies with government contracts.
Public added a fresh metric to the mix, namely that it has reached one million members – over the course of just 18 months post-launch, the company was quick to point out.
Farmers’ Truck in California pilot (ENTREVESTOR)
The project aims to develop financial sustainable models to alleviate food insecurity.
CEO Tenev tells House committee quicker trade settlements would prevent a repeat.
The UK bank has called time on Pingit, one of its early payment innovations.
More recently, it has launched its own exchange so that wallet users can trade assets more easily.
It’s keen on striking partnerships and wants to be as prominent as Stripe, said Visa FinTech boss Terry Angelos. But don’t count out more M&A just yet.
In an interview with Fortune, White claimed the agency she once led made a blunder in suing Ripple for the alleged sale of unlicensed securities.
SoLo Funds, which lets users loan money to one another, sees itself as a path to real credit, though experts say it isn’t without its own pitfalls.
Varo Bank, which last year became the first U.S. neobank to be granted a national bank charter, announced that it’s raised another $63 million in new funding.