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OppFi Announces New $150 Million Revolving Credit Facility
Prnewswire· 2025-10-02 11:00
Core Points - OppFi Inc. has closed a new $150 million revolving credit facility, replacing a prior facility, which is expected to significantly improve financing costs with a reduction in the interest rate from SOFR + 7.5% to SOFR + 6.0% [1][2] - The new credit facility is aimed at supporting the company's growth in receivables and enhancing access to credit for underserved Americans [2] Company Overview - OppFi is a tech-enabled digital finance platform that partners with banks to provide financial products and services to everyday Americans, focusing on financial inclusion and customer experience [3] - The company has a high customer satisfaction rating, maintaining a 4.4/5.0 star rating on Trustpilot based on over 5,200 reviews [3] - OppFi holds a 35% equity interest in Bitty Holdings, LLC, which offers revenue-based financing and working capital solutions to small businesses [3]
Bullish to launch crypto options trading with top-tier consortium of trading partners
Prnewswire· 2025-10-02 01:00
Core Viewpoint - Bullish is set to launch crypto options trading on October 8, 2025, enhancing its ecosystem of crypto derivatives for institutional customers [2][3]. Group 1: Product Offering - The new options trading will complement Bullish's existing products, which include spot, margin, perpetual futures, and dated futures, creating a comprehensive derivatives product suite [2][3]. - Options contracts will be settled in USDC and will utilize Bullish Portfolio Margining (BPM), designed for better risk management and capital efficiency [8][9]. Group 2: Strategic Partnerships - Bullish has collaborated with major options market-makers and trading partners to develop a product that addresses current challenges in crypto options trading [4]. - Confirmed day-one trading partners include notable firms such as Galaxy Digital, Flow Traders, and FalconX, which will enhance liquidity and price discovery in the market [5][6]. Group 3: Market Position and Performance - Since its launch in November 2021, Bullish has achieved over $1.5 trillion in cumulative trading volume and executes over $2 billion in average daily volume in 2025 [10]. - Bullish ranks among the top ten exchanges by spot volume for Bitcoin and Ether, establishing itself as a leading institutionally-focused digital assets exchange [10].
Blockchain Association sends letter to Congress defending GENIUS Act
CNBC Television· 2025-10-01 20:00
Regulatory Landscape & Advocacy - The Blockchain Association defends the Genius Act, asserting it as settled law and crucial for maintaining US leadership in innovation [1][2] - The Association actively pushes back against large banks' attempts to weaken the Genius Act, which provides legal clarity for stablecoin issuers [2][3] - The Association is running a campaign with a similar narrative to Coinbase, advocating for consumer rewards on stablecoins and countering bank lobbying efforts [9][10] - The Association emphasizes the importance of bipartisan efforts in Congress to achieve comprehensive crypto market structure legislation [15] - The Association highlights the need for regulatory harmonization between the SEC and CFTC to foster innovation and provide market certainty [17][19] Stablecoin Rewards & Banking Concerns - The core concern revolves around banks' apprehension regarding stablecoin rewards potentially leading to a flight of deposits from community banks [4] - The Association argues there's no concrete evidence of stablecoin investments causing a decrease in bank deposits [5] - The Association views the debate over stablecoin rewards as a competitive issue for banks, suggesting they should compete on interest rates [6][7] - Stablecoin holdings offer around 4% in rewards, significantly higher than the less than 1% typically offered by banks on savings accounts [6][7] Clarity Act & Regulatory Clarity - The industry emphasizes that revisiting the Genius Act would remove crucial legal clarity, hindering innovation and potentially pushing it overseas [12][13] - The industry hopes the Clarity Act will provide clear guidelines on when digital assets are considered securities under SEC jurisdiction versus commodities under CFTC jurisdiction [22][23] - The industry believes the CFTC is well-equipped to oversee digital assets, citing their experience with Bitcoin futures and monitoring trading activities [25][26]
VCI Global to Announce First Half 2025 Financial Results on October 6, 2025
Globenewswire· 2025-10-01 19:30
Core Viewpoint - VCI Global Limited is set to release its financial results for the first half of 2025 on October 6, 2025, and will provide updates on its strategic initiatives and outlook during an earnings call [1][3]. Group 1: Financial Results Announcement - The financial results for the six months ended June 30, 2025, will be announced before U.S. markets open on October 6, 2025 [1]. - An earnings call is scheduled for 8:30 a.m. Eastern Time on the same day to discuss financial performance and strategic updates [1]. Group 2: Company Overview - VCI Global Limited operates as a cross-sector platform builder focusing on technology and financial architecture [3]. - The company aims to develop and scale platforms in areas such as artificial intelligence, encrypted data infrastructure, digital treasury systems, and next-generation capital market solutions [3]. Group 3: Strategic Focus - VCI Global integrates technology innovation with financial ecosystems to help enterprises, governments, and institutions leverage opportunities in the digital economy [4]. - The company's strategy emphasizes building scalable platforms that provide resilience, efficiency, and long-term value across multiple high-growth sectors [4].
Millennium EBS Secures Agreement and Purchase Order from Global IME Bank for ISO 20022 Transformer Solution
Globenewswire· 2025-10-01 19:22
Core Insights - Millennium EBS, a subsidiary of Blueone Card Inc., has signed an agreement and received a purchase order from Global IME Bank Ltd., one of Nepal's largest commercial banks [1] - The agreement involves providing an ISO 20022 middleware solution to support Global IME Bank's payment modernization and compliance with international standards [2] - This project marks a significant milestone in Global IME Bank's digital transformation and enhances Millennium EBS's presence in the South Asian financial technology market [3] Company Overview - Global IME Bank Ltd. is a leading commercial bank in Nepal, offering a wide range of financial products and services through an extensive branch network [4] - The bank plays a crucial role in supporting Nepal's economic development [4]
Sources: Gusto paid $600M to acquire Guideline, plans to divest customers linked to rivals
Yahoo Finance· 2025-10-01 16:00
Last month, Gusto, a payroll and HR software company, announced that it agreed to acquire Guideline, a startup offering retirement plans to small and medium businesses. The terms of the deal weren’t disclosed, but Gusto paid approximately $600 million, according to a source familiar with the deal, although TechCrunch could not confirm how much of this was cash and how much was stock. Guideline was last valued at $1.15 billion in 2021 when it raised a $200 million Series D funding round. Since its foundi ...
Women We Admire Announces Top 50 Women Leaders of New York for 2025
PRWEB· 2025-10-01 15:30
Core Insights - Women We Admire has announced The Top 50 Women Leaders of New York for 2025, highlighting the city's role as a cultural and commercial powerhouse with over 20 million residents [1] Group 1: Honorees - Shilpa Bangera, President and Global Head of Payments at Adyen, is recognized for her leadership in fintech, focusing on growth, innovation, and teamwork [2] - Emma Andrews, Vice President of Global Patient Advocacy at Pfizer, is honored for her efforts in embedding the patient perspective in company initiatives, aiming to improve patient outcomes [3] - Vynessa Alexander, Senior Vice President at Infor, is acknowledged for her extensive experience in technology and operations management, guiding young professionals in their career growth [4] Group 2: Additional Honorees - The list includes notable leaders from various industries such as Sherry Cassano (Pfizer), Jennifer Remling (Warner Bros. Discovery), and Marissa Tracey (Deutsche Bank), showcasing a diverse range of sectors represented [6] Group 3: Organization Overview - Women We Admire aims to recognize and inspire women leaders across various fields, circulating content to over 70,000 individuals and businesses [7]
How Much Will U.S. GDP Ultimately Grow in Q3?
Yahoo Finance· 2025-10-01 15:22
U.S. economic growth will likely come in at 3.3% for the third quarter of 2025, according to traders on the prediction market platform Kalshi. This is based on traders placing the odds at economic growth coming in above 2.5% at 83%, the odds of economic growth coming in above 3% at 63%, and the odds of economic growth coming in above 3.5% at just 37%. This would mean a sharp uptick from the advance gross domestic product (GDP) growth estimate of 3% for Q2, signaling rising optimism around consumer resilie ...
Best Momentum Stock to Buy for October 1st
ZACKS· 2025-10-01 15:01
Core Insights - Three stocks with strong momentum and buy rankings are highlighted for investors: Gold Fields Limited, Western Digital, and StoneCo [1][2][3][4] Company Summaries - **Gold Fields Limited (GFI)**: A leading unhedged gold producer with operations in South Africa, Ghana, and Australia. The company has a Zacks Rank of 1 (Strong Buy) and a 7% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days. Its shares gained 78.3% in the last three months, significantly outperforming the S&P 500's 7.8% gain, and it holds a Momentum Score of A [1][2]. - **Western Digital (WDC)**: A prominent developer and manufacturer of data storage devices utilizing NAND flash and hard disk drive technologies. The company also has a Zacks Rank of 1 and a 1.9% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days. Its shares surged 88.3% in the last three months, again outperforming the S&P 500's 7.8% gain, with a Momentum Score of A [2][3]. - **StoneCo (STNE)**: A financial technology solutions provider offering a cloud-based platform for electronic commerce across various channels. The company has a Zacks Rank of 1 and an 8.7% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days. Its shares increased by 17.2% in the last three months, also outperforming the S&P 500's 7.8% gain, and it possesses a Momentum Score of A [3][4].
Best Value Stock to Buy for October 1st
ZACKS· 2025-10-01 14:06
Here are the stocks with buy rank and strong value characteristics for investors to consider today, October 1st:  James River Group (JRVR) : This insurance company which own and operate specialty insurance and reinsurance companies, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.8% over the last 60 days.James River Group's has a price-to-earnings ratio (P/E) of 5.84 compared with 9.20 for the industry. The company possesses a ...