Techwire


Catalyst Pharmaceuticals Reports Third Quarter 2021 Financial Results

Continued Strong Financial and Operational Performance in the Third Quarter 2021FIRDAPSE® Revenue of $35.9 Million Increased 23.1% Compared to Third Quarter 2020Plans to Seek to Expand the U.S. Approval of FIRDAPSE To Include Pediatric LEMS PatientsStrong Cash Position $174.8 Million Supports Long-term Growth StrategyCompany to Host Quarterly Conference Call on November 10, 2021, at 8:30 AM […]

Flywire Reports Third Quarter 2021 Financial Results

Revenue Increased 61% Year-over-Year Revenue Less Ancillary Services Increased 67% Year-over-Year Total Payment Volume was $5.3 Billion, up 76% Year-over-Year Company Updates Fiscal-Year 2021 Outlook BOSTON, Nov. 09, 2021 (GLOBE NEWSWIRE) — Flywire Corporation (Nasdaq: FLYW) (“the Company”) a global payments enablement and software company, today reported financial results for its third quarter of 2021. […]

Mogo and Sun Life to Bring Innovative Digital Savings Tool to Members of Sun Life’s Group Retirement Services

The automated savings tool will encourage Sun Life GRS members to easily find savings each month, helping them reach their financial goals VANCOUVER, British Columbia–(BUSINESS WIRE)–Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital payments and financial technology company, announced today a new pilot with Sun Life to bring Mogo’s saving and investing app, […]

POSaBIT Becomes Approved Integrator for CCRS, Washington’s New Traceability System

SEATTLE–(BUSINESS WIRE)–POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), the leading provider of point of sale software and payments infrastructure in the cannabis industry, has officially been accepted as an approved integrator for CCRS, Washington State’s new state traceability system, which is scheduled to go live in early December. “The POSaBIT team has been hard at […]

Green Visor Financial Technology Acquisition Corp. I Announces Pricing of $174,000,000 Initial Public Offering

SAN FRANCISCO, Nov. 09, 2021 (GLOBE NEWSWIRE) — Green Visor Financial Technology Acquisition Corp. I (the “Company”) today announced the pricing of its initial public offering of 17,400,000 units at a price of $10.00 per unit. The units will be listed on The Nasdaq Stock Market LLC (“Nasdaq”) and trade under the ticker symbol “GVCIU” […]

Vint Raises $1.7 Million in Pre-Seed Funding Led by Fintech Ventures

Innovative Fintech Platform Aims to Disrupt and Democratize the Traditionally Inaccessible Wine Investment Market RICHMOND, Va.–(BUSINESS WIRE)–Vint, the first SEC qualified, fully transparent, efficient platform for wine and spirits collection investing, today announced the completion of a $1.7 million pre-seed fundraising round led by Fintech Ventures with participation from Slow Ventures, Allied Venture Partners, irrvntVC, […]

Citi’s Action for Racial Equity Initiative Invests $1 Billion to Address the Racial Wealth Gap in the U.S.

Year One Results Outpace Plan to Deliver on the Three-Year Commitment NEW YORK–(BUSINESS WIRE)–Citi and the Citi Foundation announced today the Action for Racial Equity initiative has already invested $1 billion in strategic initiatives to help close the racial wealth gap and increase economic mobility in the United States in year one of a three-year […]

SkyPoint FCU Launches New Digitally Inclusive Website to Fully Support Members

Providing more digital power and financial flexibility to all individuals and communities. GERMANTOWN, Md.–(BUSINESS WIRE)–#2021holiday—SkyPoint Federal Credit Union (SkyPoint), a premier, member-owned financial institution, announces the launch of their new website that fully supports their mission to make banking simple and provide the best possible financial services to meet the growing needs of its members. […]

Majesco Partners with Larsen & Toubro Infotech to Transform Business Operations for Insurers

MORRISTOWN, N.J.–(BUSINESS WIRE)–Majesco, a global leader of cloud insurance software solutions, for insurance business transformation, today announced a partnership with Larsen & Toubro Infotech (LTI) to help our clients accelerate their digital transformation journey, unlock new opportunities, and deliver personalized customer experiences. LTI is a global technology consulting and digital solutions company, helping insurers solve […]

Renaissance Announces Significant Growth Investment from Blackstone

Existing Investor Francisco Partners Remains Major Shareholder; Investment Supports Global Education Technology Leader’s Mission of Accelerating Student Growth and Learning NEW YORK, SAN FRANCISCO, WISCONSIN RAPIDS, Wis.–(BUSINESS WIRE)–Renaissance® (“Renaissance” or the “Company”), a global leader in pre-K–12 educational technology, today announced its entry into a definitive agreement for private equity funds managed by Blackstone (NYSE:BX; […]

Salary Finance Partners With Corestream To Make Financial Wellbeing Products Available to Corestream Clients

Corestream platform is source for voluntary benefits for employees, now including Salary Finance BOSTON–(BUSINESS WIRE)–#HR–Salary Finance, the leading global provider of socially responsible financial products in the workplace, today announced a partnership with Corestream, the leading platform for connecting employees with personalized lifestyle benefits. Salary Finance’s full suite of products will now be available on […]

Airbase Ups Cash Back and Makes Comprehensive Spend Management Solution Available for Free

2.25% on every dollar spent is the most competitive cash back in the market SAN FRANCISCO–(BUSINESS WIRE)–#Fintech–Airbase, the only spend management platform that scales with companies from idea to IPO and beyond, has today announced its Airbase Essentials package, which gives free access to its software, plus a groundbreaking cashback rate on all card spend. […]

Passport Technology’s DataStream Achieves TR-31 Encryption Integration Creating New Opportunity for ATM Providers

Passport Technology Passport Technology LAS VEGAS, Nov. 09, 2021 (GLOBE NEWSWIRE) — Passport Technology (“Passport”), a global leader of payment technology for the gaming industry, is pleased to announce DataStream™ has completed the deployment of host-to-gateway TR-31 encryption integration. The certification and launch of DataStream’s augmented secure key management system positions DataStream as one of the […]

Modern Treasury and Metropolitan Commercial Bank Partner to Provide Automated Payment Operations to Entrepreneurial Companies

Customers will benefit from a more integrated and seamless experience when initiating, receiving, reconciling, and approving payments SAN FRANCISCO–(BUSINESS WIRE)–Modern Treasury, a payments operations software provider, and Metropolitan Commercial Bank, (MCB), a leading bank focused on the most entrepreneurial platforms and marketplaces, today announced a new integration for automated payment operations that simplifies the management […]

Modern Treasury and Metropolitan Commercial Bank Partner to Provide Automated Payment Operations to Entrepreneurial Companies

Customers will benefit from a more integrated and seamless experience when initiating, receiving, reconciling, and approving payments SAN FRANCISCO–(BUSINESS WIRE)–Modern Treasury, a payments operations software provider, and Metropolitan Commercial Bank, (MCB), a leading bank focused on the most entrepreneurial platforms and marketplaces, today announced a new integration for automated payment operations that simplifies the management […]

MOCA Adds The Wave Work to Its Growing List of Clients

– MOCA’s payment platform enables The Wave Work to empower its clients to pay their contractors anywhere in the world using a contactless card with unlimited cash-back rewards – AUSTIN, Texas–(BUSINESS WIRE)–MOCA, a digital-first next-generation card-based payment platform provider is pleased to announce that it has added The Wave Work, an HR Tech and Fintech […]

MOCA Adds The Wave Work to Its Growing List of Clients

– MOCA’s payment platform enables The Wave Work to empower its clients to pay their contractors anywhere in the world using a contactless card with unlimited cash-back rewards – AUSTIN, Texas–(BUSINESS WIRE)–MOCA, a digital-first next-generation card-based payment platform provider is pleased to announce that it has added The Wave Work, an HR Tech and Fintech […]

Netcapital Inc. Acquires Assets and Business of ValuCorp, Inc.

BOSTON–(BUSINESS WIRE)–$NCPL #entrepreneurship—Netcapital Inc. (OTCQX: NCPL), a digital private markets ecosystem, announced today that it has acquired the assets and business of ValuCorp, Inc., a business valuation firm with expertise in a wide array of strategic advisory services, including M&A advisory, capital raising, and restructuring. The terms of this transaction were not disclosed. ValuCorp, founded […]

Netcapital Inc. Acquires Assets and Business of ValuCorp, Inc.

BOSTON–(BUSINESS WIRE)–$NCPL #entrepreneurship—Netcapital Inc. (OTCQX: NCPL), a digital private markets ecosystem, announced today that it has acquired the assets and business of ValuCorp, Inc., a business valuation firm with expertise in a wide array of strategic advisory services, including M&A advisory, capital raising, and restructuring. The terms of this transaction were not disclosed. ValuCorp, founded […]

Vericred Powers One-stop Shop for Employee Benefits Quoting with Expanded Group Rating API

Adding two new lines of coverage, Vericred offers the only API enabling group medical, vision, dental, life, and disability insurance quoting NEW YORK–(BUSINESS WIRE)–Vericred, the API platform powering digital quote-to-card experiences in health insurance and benefits, today announced it has added group life and disability insurance lines of coverage to its industry-leading, multi-carrier Group Rating […]

Vericred Powers One-stop Shop for Employee Benefits Quoting with Expanded Group Rating API

Adding two new lines of coverage, Vericred offers the only API enabling group medical, vision, dental, life, and disability insurance quoting NEW YORK–(BUSINESS WIRE)–Vericred, the API platform powering digital quote-to-card experiences in health insurance and benefits, today announced it has added group life and disability insurance lines of coverage to its industry-leading, multi-carrier Group Rating […]

IBN (InvestorBrandNetwork) Announces Latest Episode of The Bell2Bell Podcast featuring Chris Carl, CEO of DigiMax Global Inc.

NEW YORK, Nov. 09, 2021 (GLOBE NEWSWIRE) — via InvestorWire – IBN (InvestorBrandNetwork), a multifaceted communications organization engaged in connecting public companies to the investment community, is pleased to announce the release of the latest episode of The Bell2Bell Podcast as part of its sustained effort to provide specialized content distribution via widespread syndication channels. The […]

POSaBIT Announces ‘Cash Advance’, Loan Program for Cannabis Industry

SEATTLE–(BUSINESS WIRE)–POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), the leading provider of payments infrastructure in the cannabis industry, has announced “Cash Advance”, a new loan factoring program for the cannabis industry. The Cash Advance platform will allow POSaBIT’s payments merchants to secure a loan from the company quickly and without hassle, and subsequently repay the […]

Jefferson Security Bank Selects Teslar’s Full Suite of Automated Workflow and Portfolio Management Tools

Oldest corporation in West Virginia partners with fintech to improve productivity, strengthen customer relationships SPRINGDALE, Ark.–(BUSINESS WIRE)–Teslar Software, provider of portfolio management tools that aggregate and automate lending and deposit operations for community financial institutions, today announced that Jefferson Security Bank has selected its full suite of automated workflow and portfolio management tools to centralize […]

Milliman and Akur8 Form Strategic Alliance to Bring Next Generation Pricing Capabilities to P&C Insurers, MGAs, and Start-Ups

PARIS & SEATTLE–(BUSINESS WIRE)–Akur8, the next generation insurance pricing solution, and Milliman, a premier global consulting and actuarial firm, are pleased to announce a strategic alliance to empower property & casualty (non-life) insurance carriers, start-ups, and MGAs with next generation pricing capabilities. Together, this collaboration leapfrogs conventional ratemaking solutions to offer increased speed, accuracy, and […]

CellTrust Nominated by Microsoft to Become a Member of the Microsoft Intelligent Security Association (MISA)

SCOTTSDALE, Ariz.–(BUSINESS WIRE)–#FOIA—CellTrust Corporation, a leading provider of global secure and compliant mobile communication for government and enterprise, announced today that it has joined the Microsoft Intelligent Security Association (MISA), an ecosystem of Independent Software Vendors and Managed Security Services Providers that have integrated their security products with Microsoft’s to better defend against increasing cyber-threats. […]

Investview (“INVU”) Reports $2.5 Million Month in Bitcoin Mining Gross Revenue & Announces Operations Updates for October 2021

Eatontown, NJ, Nov. 09, 2021 (GLOBE NEWSWIRE) — Investview, Inc. (OTCQB: INVU), a diversified financial technology company that through its subsidiaries and global distribution network provides financial technology, education tools, content, research, and management of digital asset technologies with a focus on Bitcoin mining and the new generation of digital assets, announces its production and […]

TruEra and Demyst Win “Codifying Responsible AI” Competition at Singapore Fintech Festival 2021

AI Quality management leader TruEra partnered with Demyst to win the Global Veritas Challenge. The collaboration showcased how to improve fairness and accuracy in credit evaluation ML models Competition showcased technologies for responsible AI Together, TruEra and Demyst demonstrated that third-party data and AI Quality management solutions together can improve the accuracy and fairness of […]

GBT is Developing an Application-Specific, Secured, Wireless Protocol for Tracking System Implementation

Ensuring advanced cybersecurity protection for a tracking application based on GBT’s Long Range Radio System SAN DIEGO, Nov. 09, 2021 (GLOBE NEWSWIRE) — GBT Technologies Inc. (OTC PINK: GTCHD) (“GBT” or the “Company”), is now commence development of an application-specific, secured, wireless protocol for tracking implementation of its Infinia Radio System. The Infinia, Long Range Radio […]

Financial Solutions Lab Launches Eighth Accelerator Challenge Seeking Fintech Companies Addressing Racial Wealth Gap and Financial Health of LMI Communities

The eighth Accelerator program is now accepting applications from financial technology companies and nonprofits creating innovative solutions to expand access to financial health benefits and tools. FSL Logo Financial Solutions Lab logo Chicago, IL, Nov. 09, 2021 (GLOBE NEWSWIRE) — The Financial Solutions Lab, an initiative from the Financial Health Network in collaboration with JPMorgan […]

Ebix Announces Third Quarter Fiscal Year 2021 Financial Results

JOHNS CREEK, Ga., Nov. 09, 2021 (GLOBE NEWSWIRE) — Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, e-governance and healthcare industries today announced the following results for the quarter ended September 30, 2021: Revenues of $191.7 million GAAP operating income of $28.1 million and Non-GAAP […]

Alter Domus and Canoe Intelligence Partner to Deliver Newfound Automation and Accuracy to Alternatives Data Management

LUXEMBOURG & NEW YORK–(BUSINESS WIRE)–Alter Domus, a leading provider of integrated solutions for the alternative investment industry with $1.3 trillion in global AUA, and Canoe Intelligence (“Canoe”), a financial technology company redefining data management processes for alternative investors and allocators, today announced a strategic partnership to provide clients with alternative data management solutions that combine […]

Nuvei Announces Third Quarter 2021 Results

Nuvei reports in U.S. dollars and in accordance with International Financial Reporting Standards (“IFRS”) MONTREAL, Nov. 09, 2021 (GLOBE NEWSWIRE) — Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands, today reported its financial results for the third quarter ended September 30, 2021. “We achieved a number […]

NEW AGREEMENT WITH PAYTRIM WITH INITIAL ORDER VALUE OF SEK 12 MILLION  

Westpay AB have signed a four-year frame agreement with Paytrim AB for the provision of the next generation payment solution. Paytrim AB is a new Swedish-based payment acquirer. As part of the agreement Westpay has received an initial order for card payment infrastructure and related services. The total contracted value (TCV) of this order during […]

CapIntel Establishes Strategic Relationship with Canada Life to Enhance Client Experience and Outcomes

CapIntel’s digital application will now support approximately 3,000 advisors at Canada Life TORONTO–(BUSINESS WIRE)–CapIntel, a leading financial technology company that connects wealth advisors and their clients using an intuitive sales platform, today announced a strategic relationship with The Canada Life Assurance Company (Canada Life). The new strategic relationship will enable Canada Life’s approximately 3,000 advisors […]

Digital B2C & B2B eCommerce Sales Reach New Levels of Growth Post-pandemic, Forecast to Reach $6 Trillion in 2022

BNPL, Cross-border eCommerce, Subscription Services & Wallets Will Drive Ecommerce Transactions to Reach $8 Trillion by 2026: Kaleido Intelligence LONDON–(BUSINESS WIRE)–#B2B–New data from fintech and payments research specialists Kaleido Intelligence has found that B2B and B2C eCommerce spend on physical goods and digital services will reach $6 trillion in 2022, up from $4.8 trillion in […]

Binance Pay partners ShopNEXT to launch shop-to-earn crypto onboarding platform

WASHINGTON, Nov. 09, 2021 (GLOBE NEWSWIRE) — ShopNEXT has partnered Binance Pay to launch the first shop-to-earn cryptocurrency onboarding platform. The intuitive platform can help encourage wider crypto adoption by giving users easy access to a crypto wallet and rewarding them for shopping. How does ShopNEXT work? ShopNEXT is an affiliate marketer that connects users […]

Zenwork Takes on First Funding With $163 Million Led by Spectrum Equity

Company’s Tax1099 and Compliancely Solutions Solve Dynamic Tax and Compliance Challenges Zenwork Zenwork FAYETTEVILLE, Ark., Nov. 09, 2021 (GLOBE NEWSWIRE) —  Zenwork, a leading provider of digital tax compliance and regulatory reporting software for businesses everywhere, today announced that it has closed a $163 million minority growth equity transaction led by Spectrum Equity, a leading […]

Kotak Announces New Home Loan Interest Rate of 6.55%

This special rate is valid from 9 November to 10 December, 2021 Kotak Mahindra Bank Kotak Mahindra Bank MUMBAI, India, Nov. 08, 2021 (GLOBE NEWSWIRE) — Kotak Mahindra Bank Ltd. (KMBL) today announced a new home loan interest rate of 6.55% p.a., which is valid from 9 November to 10 December, 2021, (both days inclusive), as it […]

Net 1 Reports First Quarter 2022 Results

JOHANNESBURG, South Africa, Nov. 08, 2021 (GLOBE NEWSWIRE) — Net 1 UEPS Technologies, Inc. (Nasdaq: UEPS; JSE: NT1) today released results for the first fiscal quarter ended September 30, 2021. Financial Metrics: Continued momentum in EPE account openings; At September 30, 2021, unrestricted cash of $188 million and no debt; Revenue of $34.5 million, a […]