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Lendbuzz Completes $246 Million Asset-Backed Securitization
Businesswire· 2026-02-11 15:15
BOSTON--(BUSINESS WIRE)--Lendbuzz, an AI-based fintech company that helps consumers obtain better access to credit when purchasing a vehicle, announced today that it has closed its first transaction of 2026, a $246 million securitization ("LBZZ 2026-1†) collateralized by a pool of auto loans made to obligors and secured by new and used automobiles, light duty trucks, and vans. LBZZ 2026-1 issued five classes of notes: Class A-1, Class A-2, Class B, Class C, Class D. The LBZZ 2026-1 notes have b. ...
REPUBLIC POWER GROUP LIMITED ANNOUNCES STRATEGIC PARTNERSHIP WITH NVT TO ADVANCE BLOCKCHAIN-ENABLED ASSET TOKENIZATION AND CAPITAL MARKETS SOLUTIONS
Prnewswire· 2026-02-11 15:09
Core Viewpoint - Republic Power Group Limited (RPGL) has announced a strategic partnership with NVT to enhance blockchain-enabled asset tokenization and capital markets solutions in Asia, leveraging both companies' strengths in technology and regulatory compliance [1]. Group 1: Partnership Details - RPGL signed a non-binding memorandum of understanding (MOU) with NVT on February 10, 2026, to establish a strategic partnership framework [1]. - The collaboration aims to integrate NVT's regulated real-world asset (RWA) tokenization infrastructure with RPGL's enterprise software solutions, focusing on compliance and institutional adoption [1]. - Both parties plan to provide training and educational support to enhance mutual understanding of their platforms and technologies [1]. Group 2: Company Profiles - Republic Power Group Limited is a Singapore-based provider of ERP software solutions, serving clients in regulated industries across Hong Kong and Southeast Asia [1]. - NVT, established in 2019, is a Hong Kong-based fintech company that supports asset token issuance and tokenized over-the-counter trading, bridging traditional finance and Web3 [1]. - NVT has facilitated significant transactions, including Hong Kong's first tokenized security and the first tokenized Limited Partnership Fund, showcasing its capabilities in RWA tokenization [1].
Agibank raises $240M in New York IPO as Brazilian fintechs return to US markets
Invezz· 2026-02-11 15:02
Core Insights - Agibank, a Brazilian fintech, successfully raised $240 million through its IPO in New York, marking it as the second Brazilian fintech to enter the US capital markets in recent weeks [1] Company Summary - Agibank has made a significant move by accessing the US capital markets, indicating a growing trend among Brazilian fintech companies to seek international funding [1]
Why This Analyst Is Betting SoFi Stock Can Gain 40% in 2026
Yahoo Finance· 2026-02-11 14:17
Galileo’s infrastructure now supports 128.5 million accounts worldwide, extending SoFi’s reach far beyond its own member base. After a strong run in recent years, shares have taken a notable hit in 2026. Currently valued at a market capitalization of about $25.7 billion. SoFi’s stock is down 19.1% this year, sharply underperforming the broader S&P 500 Index ($SPX), which has managed a modest 1.4% gain over the same period.Today, 13.7 million members rely on SoFi to borrow, save, spend, invest, and protect t ...
Triller Group’s subsidiary – AGBA announce a transformative step forward
Globenewswire· 2026-02-11 14:00
Core Insights - Triller Group Inc. has relocated its Hong Kong office to a new space called The Foyer, aimed at fostering innovation and teamwork as the company moves towards profitability in 2026 [1][2] Group 1: Office Relocation - The new office spans two expansive floors, designed to create an open and vibrant environment for collaboration and efficiency [2][4] - The relocation is seen as a launchpad for the company's next growth phase, reinforcing its hybrid culture and enhancing team dynamics [4] Group 2: Business Strategy - Triller's OnePlatform serves as a comprehensive financial business solution, offering over 2,000 products and services to financial advisors and institutions [3] - The platform includes integrated operational and compliance support, aimed at boosting productivity and market competitiveness [3] Group 3: Company Overview - Triller Group Inc. operates in technology and media, with a focus on innovative solutions in the financial services sector [6][7] - AGBA Group, a partner of Triller, provides machine-learning-driven consumer finance and healthcare solutions to over 400,000 clients in Asia [7]
Triller Group's subsidiary – AGBA announce a transformative step forward
Globenewswire· 2026-02-11 14:00
Core Insights - Triller Group Inc. has relocated its Hong Kong office to a new space called The Foyer, aimed at fostering innovation and teamwork as the company moves towards profitability in 2026 [1][2] Group 1: Office Relocation - The new office spans two expansive floors, designed to create an open and vibrant environment for collaboration and efficiency [2][4] - The relocation is seen as a launchpad for the company's next growth phase, reinforcing its hybrid culture and enhancing team dynamics [4] Group 2: Business Strategy - Triller's OnePlatform serves as a comprehensive financial business solution, offering over 2,000 products and services to financial advisors and institutions [3] - The platform aims to empower professionals by providing extensive training and integrated operational support, enhancing productivity and market competitiveness [3] Group 3: Company Overview - Triller Group Inc. operates primarily in technology and media, with a focus on innovative solutions in the financial services sector [6][7] - AGBA Group, a partner of Triller, provides machine-learning-driven consumer finance and healthcare solutions to over 400,000 clients across Asia [7]
DDC Extends Bitcoin Accumulation Program into Fifth Consecutive Week
Businesswire· 2026-02-11 13:12
"Company†), a global Asian food platform and digital asset treasury company, today announced the acquisition of 100 Bitcoin (BTC), increasing its total holdings to 1,683 BTC under its structured Bitcoin accumulation program. This marks the Company's third Bitcoin purchase of 2026 and reflects its continued commitment to a disciplined approach to treasury management. DDC's strategy integrates digital assets as a...[Back to Newsroom] DDC Extends Bitcoin Accumulation Program into Fifth Consecutive Week-# DDC ...
Jack Dorsey's Block Weighs 10% Workforce Cuts Amid Broader Restructuring: Report
Yahoo Finance· 2026-02-11 13:01
Group 1 - Block Inc. is reportedly considering layoffs of approximately 10% of its workforce, which amounts to around 1,137 employees, during its annual performance review amid a broader restructuring effort [1] - The company had previously laid off over 900 employees in March due to performance concerns, affecting both managerial and individual contributor roles [3] - Despite mixed third-quarter earnings that missed Wall Street expectations, analysts express confidence in the company's core products, CashApp and Square, as essential components of its ecosystem [4] Group 2 - CashApp's gross profit increased by 24% year over year, with monthly transacting actives rising to 58 million after six consecutive quarters of stagnation [5] - Square's gross profit growth was limited to 9% year over year, impacted by higher processing costs that pressured margins [5] - Analysts predict that by 2026, Block Inc. will experience improved margins and recovery in key metrics as temporary challenges are resolved [5] Group 3 - The company is planning to integrate its CashApp payment system with its merchant platform Square, while also focusing on developing an AI tool named Goose and a Bitcoin initiative called Proto [2] - Block Inc. is scheduled to report its fourth-quarter earnings on February 26 [6]
Levl raises $7 million to provide stablecoin infrastructure for fintechs
Yahoo Finance· 2026-02-11 13:00
Core Insights - Fintech companies are increasingly adopting stablecoins for payments and money transfers due to their advantages, although developing the necessary infrastructure can be slow and costly [1] - Levl aims to provide a platform that allows digital wallets and fintechs to send money globally using stablecoins, simplifying the integration process [1][3] Funding and Valuation - Levl raised $7 million in a seed round led by Galaxy Ventures, with participation from other investors, although the company's valuation was not disclosed [2] Business Model and Clients - Levl's platform abstracts the complexity of integrating traditional payment systems with digital assets, allowing clients to benefit from stablecoins without building infrastructure in-house [3] - The company serves over 20 clients, including TerraPay and Taptap Send, focusing on remittances and business-to-business payments [3] Competitive Landscape - Levl views large banks as its primary competition in the remittance and business-to-business payment space, offering faster and cheaper transactions compared to legacy systems [4] - The platform is positioned as a global solution, capable of processing payments in multiple countries through a single API [5] Transaction Volume and Revenue - Since its launch in August, Levl has achieved an annualized transaction volume exceeding $1 billion, generating revenue through transaction fees [7]
Brazilian fintech Agibank raises $240 million in scaled-back US IPO
Reuters· 2026-02-11 12:59
Agibank said on Wednesday it had raised $240 million in its New York initial public offering, the second Brazilian fintech to tap U.S. capital markets in recent weeks. ...