August 9, 2025 - 18:47
Fraud and dispute management provider Quavo has successfully raised $300 million from private investment firm Spectrum Equity, marking a significant milestone in its mission to combat financial fraud. This funding comes as prior investor FINTOP Capital decides to divest its stake in the company. Following this transition, notable shareholders will include Pegasystems along with four of the company’s founding executives.
Quavo specializes in delivering software-as-a-service solutions designed to automate and streamline fraud and dispute management processes for financial institutions. The company's innovative technology has proven effective, processing over 12 million transactions annually. With this substantial investment, Quavo aims to enhance its capabilities and expand its reach in the financial technology sector. As financial fraud continues to rise, Quavo's advancements could play a crucial role in safeguarding institutions and their customers against increasingly sophisticated fraudulent activities. This strategic move not only strengthens Quavo’s operational capacity but also underscores the growing importance of robust fraud prevention measures in today’s digital landscape.
August 9, 2025 - 04:46
Trump Tariffs: China Responds to U.S. Actions as Gold Tariffs Impact Swiss RefinersRecent developments in the ongoing trade tensions between the United States and China have emerged, particularly regarding tariffs imposed by the Trump administration. China has publicly defended...
August 8, 2025 - 03:25
Major Changes to Federal Student Loans Under New GOP LawThe recently passed GOP budget bill is set to bring significant alterations to the landscape of federal student loans and financial aid. Both existing borrowers and those considering new loans...
August 7, 2025 - 02:31
Trinity Capital Sees 3% Growth in Equipment Finance PortfolioTrinity Capital has reported a notable increase in demand for its equipment finance portfolio, which has risen by 3%. This growth comes despite ongoing challenges posed by tariffs affecting various...
August 6, 2025 - 01:30
Beach Cities Commercial Bank Reveals Financial Performance for Q2 2025IRVINE, Calif., August 05, 2025—Beach Cities Commercial Bank has released its financial results for the second quarter of 2025, showcasing its performance for the period ending June 30. The bank...