Atom Bank is positioned to achieve its first yearly profit; & more!

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NEWS HIGHLIGHT

Atom Bank is positioned to achieve its first yearly profit this year following a number of encouraging financial indicators. Link here.

FINTECH NEWS

#rebranding

• Truebill will officially change its name to Rocket Money in late August. More than simply a rebrand, the name will bring Truebill closer to the other businesses on the Rocket Companies platform and provide the opportunity for Rocket Money to better help consumers at various touchpoints throughout their financial lives. Link here.

#donedeal

• LAVCA found that LATAM startups have raised $2.8 B  across 190 transactions during Q1 of 2022 as the region’s funding boom continues. This marked the fourth largest quarter on record for investment in the region. Link here.


• X1 Card has raised $25 million in a Series B funding round as it gears up for launch in the US. The Series B round was led by Google Analytics co-founder Wesley Chan’s new fund FPV Ventures, the fund’s first investment. Link here.