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Fintech Focus For May 19, 2021

Secfi secures $150M investment. Rally added $30M Series B round. Twitter crypto trading via Bottlepay. Fidelity launches kid-friendly offers. Lance closes on $2.8M financing. Brex unleashes new product offer. HSBC looks into digital wallet tech. Temenos has crypto bank support. Fireblocks passed $600B transfers. Vise raises $65M in Series C round. Ally Lending eyeing PoS financing. Valencia’s potential as fintech hub. I2c has added new leaders to team. JPMorgan Chase eyes innovation. Bybit wi...
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Metromile Will Embrace Bitcoin For Insurance Premium And Claim Payments

Updated: May 8, 2021, 6:56am Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesnt affect our editors opinions or evaluations. Getty Auto insurance company Metromile soon will let policyholders pay premiums with cryptocurrency and even receive claim payouts in this red-hot form of digital currency. San Francisco-based Metromile, which offers pay-per-mile insurance, says that it will roll out cryptocurrency cap...
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Source: forbes.com

Fintech Spotlight: Metromile To Accept Premiums, Pay Claims In Bitcoin

Bitcoin (CRYPTO: BTC) or U.S. dollars. About: Founded in 2011, Metromile caters to non-traditional car owners, such as those who use transportation services like Uber Technologies Inc (NYSE:UBER) and Lyft Inc (NASDAQ:LYFT). Using big data and intelligent systems, the company tailors its rates to driver behavior, resulting in lower premiums. Additionally, Metromile licenses out its core fraud, underwriting and AI technology to help insurers automate and digitize processes. What Happened:...
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