Rho Technologies, the high-growth fintech behind Rho Business Banking, announced $100 million in debt financing from global impact investment firm, Community Investment Management (CIM)…Rho Business Banking has built a modern commercial banking platform built around the way companies operate today: distributed, team-oriented, transparent and built for scale.
“Autobooks, the emerging leader in embedded invoicing and payment acceptance for financial institutions, today announced they have crossed a milestone of partnering with over 100 financial institutions. The Detroit-based fintech partners with banks and credit unions to integrate digital invoicing and online payment acceptance directly within the financial institution’s existing digital banking channels. 2020 represented a […]
“Square, Inc. announced this week the allocation of $25 million as part of its $100 million investment to minority and underserved communities. Southern Bancorp, Inc., one of the nation’s original Community Development Financial Institutions (CDFIs) serving the Mid-South, was an investee, with Square, Inc. making an equity investment.”
“Israeli fintech company Rapyd announced on Thursday that it is acquiring Icelandic payments company Valitor in a deal valued at $100 million. Valitor supplies payments solutions for businesses across Europe, providing both in-store and online payments acceptance solutions as well as card issuing to SMB merchants in Iceland, the U.K. and Ireland, and […]
“The Cities for Financial Empowerment Fund (CFE Fund) announced today that there are now more than 100 bank and credit union accounts nationally certified as meeting the Bank On National Account Standards . Banks and credit unions offering certified accounts comprise over 50% of the U.S. deposit market share, and 40% of all US bank branches offer […]
