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ECS Fin-Transaction Processing & Automation

Finantix: Partnership with Capita Consulting

Finantix: Partnership with Capita Consulting Capita consulting, digital services and software business, delivering innovative solutions and simplifying the connections between businesses Finantix the leading global...

Latest Posts

Turntide Technologies: Raises $33M in Funding

Turntide Technologies, a Sunnyvale, Calif.-based company responsible for a sustainable electric motor with digital DNA, completed a $33m funding round Backers included The...

Scorpion Minerals: Completes phase one RC drilling at Pharos

Scorpion Minerals (SCN) has completed phase one reverse circulation (RC) drilling at its Pharos Project in Western Australia Then the company began work...

Westpac: Fined $1.3bn to settle AUSTRAC case

Westpac Banking Corporation (WBC) has agreed to pay $1.3 billion to settle its case with AUSTRAC If the Federal Court of Australia considers...

Vital Metals: Raises $8M to progress operations

Vital Metals (VML) has received firm commitments to undertake an $8 million share placement Approximately 400 million new shares will also issued to...

Varo Money: Raised $241 million in venture funding

Varo Money: Raised $241 million in venture funding

  • Raised $241 million in venture funding with proceeds going to meet the capital requirements necessary to operate a national bank
  • The Series D round of funding co-led by Gallatin Point Capital, a new investor to Varo and also The Rise Fund
  • Since the beginning of 2020, Varo has seen a nearly 350% uptick in deposits, a 140% increase in spending activity
  • It provided direct deposit customers with early access to stimulus and also unemployment funds, increased deposit and ATM limits
  • Varo in the final stages of landing a national bank charter, awaiting a sign-off from the OCC, FDIC
  • The fintech needs to have $104 million in equity to gain the banking charter and this fundraising round far exceeded that

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Latest Posts

Turntide Technologies: Raises $33M in Funding

Turntide Technologies, a Sunnyvale, Calif.-based company responsible for a sustainable electric motor with digital DNA, completed a $33m funding round Backers included The...

Scorpion Minerals: Completes phase one RC drilling at Pharos

Scorpion Minerals (SCN) has completed phase one reverse circulation (RC) drilling at its Pharos Project in Western Australia Then the company began work...

Westpac: Fined $1.3bn to settle AUSTRAC case

Westpac Banking Corporation (WBC) has agreed to pay $1.3 billion to settle its case with AUSTRAC If the Federal Court of Australia considers...

Vital Metals: Raises $8M to progress operations

Vital Metals (VML) has received firm commitments to undertake an $8 million share placement Approximately 400 million new shares will also issued to...

Trending Stories

Turntide Technologies: Raises $33M in Funding

Turntide Technologies, a Sunnyvale, Calif.-based company responsible for a sustainable electric motor with digital DNA, completed a $33m funding round Backers included The...

Scorpion Minerals: Completes phase one RC drilling at Pharos

Scorpion Minerals (SCN) has completed phase one reverse circulation (RC) drilling at its Pharos Project in Western Australia Then the company began work...

Westpac: Fined $1.3bn to settle AUSTRAC case

Westpac Banking Corporation (WBC) has agreed to pay $1.3 billion to settle its case with AUSTRAC If the Federal Court of Australia considers...

Vital Metals: Raises $8M to progress operations

Vital Metals (VML) has received firm commitments to undertake an $8 million share placement Approximately 400 million new shares will also issued to...

Fluence Corporation: Secures $3.2M for Egyptian project upgrade

Fluence Corporation (FLC) has secured US$3.2 million (around A$4.5 million) for a project upgrade in Egypt The funds won through its joint venture...

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