In the News
Caliber Home Loans, Inc. (Caliber), one of the nation's leading mortgage companies, has become the first lender outside of Figure to originate loans directly on Provenance, the industry's leading blockchain platform.
Talks advance with Morningstar about rating a HELOC securitization, according to Figure vice-president Mike Manning. “We expect the first Morningstar-rated securitization to take place by the end of the year,” said Manning. “Discussions and preparations are active and ongoing.”
Tessera Completes its 5th investment, Provenance, a breakthrough blockchain protocol for financial companies alongside a marquee group of investors.
Alongside this investment Provenance has secured $1 billion in asset based financing from Jeffries and WSFS to help facilitate loans for Figure (another TVP investment). Figure leverages Provenance to originate, finance, and sell its HELOC loans to banks, asset managers, and credit funds -- all entirely on blockchain. Last month, Figure originated over $59MM in HELOCs on chain, providing members with 5-minute approval and 5-day funding, all online.
Amino ranked as the 2nd most promising tech company in Philadelphia.
Hersey Company discusses Amino: "Digital ad campaigns that incorporate blockchain could potentially help with measurement, and he’s already spoken with companies like blockchain-based programmatic advertising reporting firm Amino Payments", Vinny Rinaldi, Head of Media and Technology, Hershey Company.
Listen to a podcast with Amino's CEO to "learn why Amino Pay are such a big deal in the programmatic display ecosystem."
Jud Linville joined Amino’s Board of Directors. Jud has significant banking and payments experience, including serving as the CEO of Citigroup's Cards and CEO of American Express' Consumer Services.
Amino has also been named a finalist for the Best Early Stage Technology Company award at the Programmatic IO, a tentpole in the Adtech industry.
Amino completes a $4MM funding round. Market continues to validate the need for transparency and technology that eliminates waste while increasing value for marketers, which signal a bright future for Amino.
(Link): AT&T is consistently ranked as one of the biggest spending brands in the U.S., and last year, it began experimenting with blockchain company Amino Payments to help improve transparency in its online media supply chain.
“Placing our advertising in premium, measurable, targetable and brand-safe environments is essential to our brand-building and performance-marketing efforts,” said Fiona Carter, chief brand officer for AT&T Communications, in a statement.
Tessera participates in Figure series C financing along with an all-star investor cohort riding strong Figure growth
Figure recently passes $500 million in net loans and is tracking towards an annual run rate of $1 billion.
Figure hires Jakub Jurek as Chief Data Officer, formerly VP of Data Science at Wealthfront, a leading automated investment platform.
Ashley Harris has been elevated to General Counsel. Prior to her time at Figure Ashley served as General Counsel and Chief Compliance Officer at Clara, a leading online mortgage lending start-up.
Figure continues to impress and lead its Fintech peers. It has just been named winner of the LendIt Fintech 2019 - Blockchain Innovator of the Year Award.
Tessera invests in series B round along with RPM and DST partners for a total of $65M
During Basket's first analysis for CNBC, it showcased price differences for premium organic foods between Walmart, Trader Joes, Whole Foods, and Aldi stores. As a result, Basket was able to prove that Aldi narrowly offers the best prices in this category.
Basket deepens partnership with CNBC to report consumer price discrepancies at different grocery chains, validating their technology while partnering more heavily with publisher clients.
Basket in the news (Link): Basket has made Fast Company's Top 50 Most Innovative Companies of 2019, and has been named a top 10 FoodTech Company. "Basket leverages data to give brands real-time pricing information about promotions and sales."
Tessera invests in Basket to help growth efforts
Dream adds Quick Silver Systems, Inc. to bring faster and more cost-effective digital claim payment offerings to P&C insurance carriers. With the integration of the Dream Payments Insurance Hub within the Mercury System; U.S. Insurance Carriers will have access to a scalable payments platform that enables secure mobile and digital payment services,
Dream signs a new Mastercard agreement to bring digital payment insurance disbursements to Canada in 2019. In addition, the company closed a new commercial agreement with Chase to scale the partnership and generate more revenue.
Dream Payments signs first commercial contract with a US-based insurance company, Travel Insured International. With this contract, Dream will power real-time and digital claims payouts to the insurance company's customers. As such, customers will receive their claims payments electronically within minutes and will no longer be required to receive a check in the mail.