FTX Recovery Trust and FTX Digital Markets Ltd. (FTX DM) have entered into an agreement with Payoneer, a global fintech company, to serve as a new distribution service provider to help process recoveries for customers under the approved FTX Chapter 11 Plan of Reorganization and the Bahamian liquidation process. Distributions through Payoneer will begin after May 30, 2025.
Wealthbox, the top-rated CRM platform for financial advisors, has announced a $200 million majority investment from Sixth Street Growth, signaling a major inflection point for the company as it scales product development, AI innovation, and enterprise adoption
Covius Services, LLC, a prominent provider of tech-driven financial solutions, has signed a definitive agreement to acquire Title365 Holding Co. from Blend Labs, Inc. This strategic acquisition marks a significant milestone in Covius’ growth, expanding its capabilities across the mortgage lifecycle, particularly in title insurance and settlement services
Parlay Finance, the AI-driven Loan Intelligence System (LIS) startup, has raised $2 million in seed funding led by JAM FINTOP. This investment will help Parlay scale its technology, targeting a $1.4 trillion opportunity in small business lending by empowering community banks and credit unions to lend more efficiently and profitably
Routable, a leader in accounts payable automation, unveiled its latest AI innovation—predictive bill coding—at the Sage Future conference in Atlanta. This powerful new feature advances Routable’s end-to-end invoice automation capabilities, enabling a near-touchless experience for finance teams.
AuditPro.ai, a Memphis-based startup, has launched a powerful AI-driven platform designed for auditors, CFOs, and investors. Built to enhance the speed, accuracy, and value of financial audits and reviews, AuditPro.ai combines cutting-edge AI capabilities with a user-friendly interface to simplify and accelerate assurance processes across the financial landscape
Cross River Bank, a leading provider of embedded finance solutions, has launched Request for Payment (RfP), a groundbreaking enhancement to its instant payment offerings. This feature streamlines inbound money movement across the Real-Time Payments (RTP)® network, offering faster and more reliable funding options. Plaid is the first partner to adopt RfP, enabling instant purchases via its bank payments platform, Plaid Transfer
Total Expert, a leader in customer engagement software for financial services, has unveiled its AI Sales Assistant at HousingWire’s The Gathering event. Currently in private beta with top lenders, this enterprise-grade AI system enables intelligent, human-like conversations over voice and SMS, designed to enhance mortgage lending workflows and boost productivity
MindBridge, a pioneer in AI-powered financial decision intelligence, has introduced its GPU-accelerated Insights Factory. This next-generation computational infrastructure delivers analytics performance up to eight times faster, enabling finance professionals to analyze vast financial datasets in real time. As financial operations grow increasingly complex, this breakthrough meets the urgent demand for scalable, explainable, and fast financial…
Billtrust, a market leader in B2B accounts receivable (AR) automation and payment solutions, has named Tarek Saleh as its new Chief Revenue Officer (CRO). The appointment comes at a critical juncture as the company advances its mission to revolutionize AR processes through cutting-edge AI technologies. In his new role, Saleh will oversee global sales initiatives across the Americas and EMEA, reporting directly to CEO Sunil Rajasekar as part of the executive leadership team.
