Dwolla released the new Real-Time Payments product on Tuesday, allowing Dwolla clients to send money directly to a bank account using the RTP Network established by the Automated Clearing House, an association owned by 24 of the world’s largest banks. The platform was launched in partnership with Cross River Bank, one of the first community banks […]
West Des Moines-based LenderClose received $10 million in a completed series B funding round, the lending platform announced this week. Investors include Next Level Ventures, Collins Community Credit Union, Financial Plus Credit Union, Serve Credit Union and Ascentra Credit Union in Iowa. The company recently launched an automated loan processing solution called HEx (Home Equity Express), […]
BrokerTech Ventures announced the addition of carrier Zurich North America to the BrokerTech platform and accelerator program this week. The addition of Zurich North America now brings BTV to 24 insurance brands nationally. BTV recently announced partnerships with InsurTech Israel and Ayalon Insurance Company to launch the Israeli InsurTech Accelerator internationally, and additional accelerator partnerships […]
Des Moines-based payments platform Dwolla announced this week that Dave Glaser has been appointed president and chief operating officer, bringing more than 20 years of experience in the enterprise payments space. Glaser’s first day with Dwolla was Monday, and he plans to complete his family’s move to Des Moines in April. Glaser is the company’s […]
Nationwide is expanding its venture capital investment fund to $350 million directed toward high-growth potential insurtech and fintech startups, the company announced last week. The funding will be directed into high-growth potential insurance and financial service startups that advance Nationwide’s strategy in digital infrastructure, home solutions, retirement products, small and medium-sized businesses, telematics and fleet […]
The Global Insurance Accelerator announced seven insurtech startups joining the accelerator’s 2021 cohort. Based in Des Moines, the GIA will open this year’s 100-day program virtually on Jan. 19, the accelerator announced on Wednesday. “The startups selected as part of our 2021 cohort have solutions for all lines of business which, with time, dollars, and development, […]
BrokerTech Ventures announced four new company partnerships for the broker-centric accelerator program Tuesday, including one West Des Moines-based company. Merchants Bonding Co. joins 12 other regional brokerage partners in the U.S. who participate in the BrokerTech Ventures Accelerator to support mentoring, distribution, access to capital and brand exposure to brokerage-centric fintech startups. Invitations to 2021 […]
Dwolla is releasing Drop-In Components, a new low-code offering designed to shorten the development time on customers’ payment integration services, the company announced on Tuesday. When a business uses a payment API for online transactions, sensitive user information must be provided to the business to create an end user account with the business. Drop-in Components […]
BrokerTech Ventures is launching the first step in international expansion with a partnership between the BrokerTech Ventures U.S. Accelerator and the newly formed Israeli InsurTech Accelerator, based in Tel Aviv. The accelerator will use BrokerTech Venture’s accelerator program to help local Israeli insurtech supporters build its own regional accelerator, while developing a connecting bridge between Israeli […]
Des Moines-based BrokerTech Ventures and founding company Holmes Murphy closed a co-leading funding effort to raise $4 million in capital for Highwing, a Denver-based insurtech company focused on changing data processing and management for brokers and carriers. Commercial insurance is expected to reach $900 billion by 2021. Highwing intends to use the $4 million in […]