December 16, 2019 @ 10:44 pm By Samantha Hurst  |  

UK-based digital banking platform Starling Bank announced on Monday it is revising its overdraft pricing on personal current accounts, replacing its flat rate of 15% with a rate of 15%, 25% or 35% Equivalent Annual Rate (EAR) (variable), dependent on customers’ credit scores, which is… Read More

December 16, 2019 @ 4:03 pm By Samantha Hurst  |  

Cover Whale, a U.S.-based insurtech general agent, announced last week it has launched its new commercial truck insurance platform, BigRigInsure. According to Cover Whale, the platform provides a solution for Truck Insurance Quotes.  Founded earlier this year, Cover Whale has access to U.S.-based carriers with… Read More

December 16, 2019 @ 12:45 pm By Samantha Hurst  |  

Marqeta, a fintech unicorn that claims to be the first global modern card issuing platform, recently announced it formed a new partnership with Mambu, a cloud banking services provider. Marqeta reported that through the partnership Mambu’s customers will be given access to Marqeta’s card processing… Read More

December 16, 2019 @ 12:05 pm By Samantha Hurst  |  

Citi (NYSE: C) and PayPal (NASDAQ: PYPL) announced on Monday they have expanded their partnership to enable Citi’s institutional clients to make payments into customers’ PayPal digital wallets. According to the duo, the extended partnership brings together Citi’s large global network and client base of… Read More

December 16, 2019 @ 8:23 am By Samantha Hurst  |  

Modular contemporary company nHouse has successfully secured its initial £400,000 funding target through its Seedrs equity crowdfunding round. The funding round, which launched in November, comes less than a year after the company raised £302,800 through its previous Crowdcube initiative.  nHouse notably creates spacious, high-tech,… Read More

December 16, 2019 @ 7:09 am By Samantha Hurst  |  

Simplecoin, a European cryptocurrency mining platform, has announced that it will be shutting down its operations on January 1, 2020. Simpleton reported that the proposed fourth Anti-Money Laundering Directive by the European Union (EU) is currently being implemented by its member states which impacts its… Read More

December 16, 2019 @ 12:17 am By Samantha Hurst  |  

XP (Nasdaq: XP), a digital brokerage and wealth management company based in Brazil, announced on Friday it closed its initial public offering (IPO) of 83,387237 of its Class A common shares at a public offering price of $27 per share. XP reported that it issued and… Read More

December 16, 2019 @ 12:11 am By Samantha Hurst  |  

Just days after launching its equity crowdfunding campaign on Crowdcube, Cowboy, a Belgium-based smart electric bike startup, has not only secured its initial £1.2 million, it has now raised more than £3 million from nearly 1870 Crowdcube investors.  As previously reported, Cowboy’s key mission is… Read More

December 15, 2019 @ 10:41 pm By Samantha Hurst  |  

Western Union (NYSE: WU) announced last week it is launching its cross-border payment services in Japan. The company notably partnered with remittance company City Express to launch the service to enable global used-car customers to buy from BE FORWARD, which is one of Japan’s used-car… Read More

December 15, 2019 @ 10:27 pm By Samantha Hurst  |  

Accenture (NYSE: ACN) announced on Friday it has agreed to acquire Clarity Insights, a U.S.-based data consultancy with deep data science, artificial intelligence (AI) and machine learning (ML) expertise. Accenture claims that Clarity Insights is a leading provider of data science and AI/ML engineering capabilities for large… Read More

December 13, 2019 @ 11:03 pm By Samantha Hurst  |  

DryGro, a UK-based agriculture startup that has developed new technology to grow food in dry places, is set to close its equity crowdfunding campaign on Seedrs with more than £1.1 million in funding secured. The campaign quickly surpassed its initial £950,000 funding target and has… Read More

December 13, 2019 @ 10:22 pm By Samantha Hurst  |  

FintechOS, an early stage company that seeks to accelerate the digital transformation of financial institutions, recently announced it has secured €12.7 million through its Series A funding round, which was jointly led by Earlybird’s Digital East Fund and OTB Ventures, with participation from existing investors Gapminder Ventures and Launchub. The… Read More

December 13, 2019 @ 4:03 pm By Samantha Hurst  |  

Less than two years after securing £1.1 million through its first equity crowdfunding campaign on Crowdcube, UK-based scooter brand eFOLDi has returned to the funding platform to raise a minimum of £350,000. As previously reported, eFOLDi is known as an electric personal vehicle developed by… Read More

December 13, 2019 @ 3:48 pm By Samantha Hurst  |  

Payment processing platform Klarna announced on Thursday its plan to open a tech hub in Berlin at the beginning of next year. Klarna reported that the new hub will enable it to further build out its product portfolio and services as well as better serve… Read More

December 13, 2019 @ 11:00 am By Samantha Hurst  |  

Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, announced on Friday it has appointed Paul Harrald, a founding member of SAV Credit, now New Day, to lead the new Curve Credit Business. According to Curve,… Read More

December 13, 2019 @ 10:18 am By Samantha Hurst  |  

Growth-oriented private equity firm Great Hill announced on Friday it is set to acquire VersaPay (TSXV: VPY),  a provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment. According to the duo, Great Hill will indirectly acquire all of the issued and outstanding common… Read More

December 13, 2019 @ 8:24 am By Samantha Hurst  |  

TransferMate, a cross-border B2B payments technology solution, announced on Thursday it has extended its integration with cloud accounting company AccountsIQ to offer international payments for AccountsIQ clients. “While AccountsIQ customers can already benefit from the preferential exchange rates and lower fees offered by TransferMate, the… Read More

December 12, 2019 @ 8:37 pm By Samantha Hurst  |  

Onfido, a global identity verification provider, announced on Thursday it has extended its partnership with European challenger bank bunq to offer users with a trusted identity verification onboarding experience. The duo further explained: “Onfido’s identity verification solution enables secure and simple onboarding for bunq users…. Read More

December 12, 2019 @ 7:52 pm By Samantha Hurst  |  

Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, announced on Thursday it has expanded its wearables offering by partnering with Garmin, Fitbit and Sony’s Wena pay. According to Curve, the partnerships enable wearable users to… Read More

December 12, 2019 @ 11:36 am By Samantha Hurst  |  

albo, a Mexico-based challenger bank that offers consumers digital accounts with prepaid Mastercards for receiving, transferring, and spending, announced on Thursday it raised an additional $19 million through its extended Series A funding round, bringing the total amount series through the investment round to $26… Read More