April 15, 2019 @ 11:15 am By Samantha Hurst  |  

UK-based fintech Rapyd announced on Monday it has formed a partnership with OCBC Bank to enable real-time bank payments for Singapore consumers and online retailers through peer-to-peer funds transfer service PayNow. According to Rapyd, PayNow will enable OCBC Bank customers to make digital payments using… Read More

April 15, 2019 @ 10:37 am By Samantha Hurst  |  

Canadian fintech Mogo Finance Technology announced on Monday it has signed a definitive arrangement agreement to merge itself with Difference Capital Financial Inc. Mogo reported that under the terms of the Arrangement Agreement, each common share of Mogo will be exchanged for one Difference common… Read More

April 15, 2019 @ 9:11 am By Samantha Hurst  |  

Plug and Play announced on Monday it has opened a new office in Italy together with its newest corporate partners Esselunga, Lavazza, Tetra Pak, and UniCredit. The accelerator reported that office will service key partners in the region such as UniCredit, which is also joining… Read More

April 15, 2019 @ 8:16 am By Samantha Hurst  |  

Standard Chartered Bank announced last week it has launched an expanded online gateway and mobile app for corporate clients, to additional markets in Asia to further support its clients’ growing e-commerce and m-commerce aspirations. According to Standard Chartered, the gateway is now available in China,… Read More

April 14, 2019 @ 9:21 pm By Samantha Hurst  |  

Digital money transfer service MoneyGram (NASDAQ: MGI) announced last week it has teamed up with fintech KyckGlobal to better serve the large and growing population of gig economy workers in the U.S. by offering cash payments receivables for their work. While sharing details about the… Read More

April 14, 2019 @ 9:12 pm By Samantha Hurst  |  

Peer-to-peer property lender CrowdProperty will be closing its Seedrs funding round after surpassing £1 million in funding from close to 550 investors. As previously reported, CrowdPropert describes itself as a platform that promotes investments that return up to 8% per annum noting that, to date,… Read More

April 14, 2019 @ 9:04 pm By Samantha Hurst  |  

Propio, a UK-based property investment platform, is set to close its equity crowdfunding campaign on Crowdcube with more than £350,000 from nearly 465 investors. As previously reported, Propio describes itself as the home of the Property ISA.  Its platform notably combines decades of property expertise… Read More

April 12, 2019 @ 9:56 pm By Samantha Hurst  |  

Following its acquisition of MarketSnacks to bring users financial news, Robinhood announced the improved version of Robinhood Gold Experience. According to Robinhood, Robinhood Gold is offered to every investor and includes margin investing and bigger instant deposits. It also offers new premium features such as… Read More

April 12, 2019 @ 9:21 pm By Samantha Hurst  |  

Whey Forward Health, a UK-based multi-brand and wellness company, has successfully secured its initial £700,000 funding target through equity crowdfunding platform Seedrs. The company, which claims itself to be a leader in the field of dairy-derived nutriceuticals, is striving to deliver the purest, most bioavailable… Read More

April 12, 2019 @ 11:06 am By Samantha Hurst  |  

Global online payment service provider PayU announced on Friday it has acquired digital payments company Wibmo for $70 million. PayU reported that the acquisition combines its merchant network and Wibmo’s leadership in digital transaction security solutions to offer payments solutions to merchants and financial institutions in India and… Read More

April 12, 2019 @ 10:32 am By Samantha Hurst  |  

Online lending platform SoFi announced on Thursday the availability of two new exchange-traded funds (ETFs), the SoFi Select 500 ETF (NYSE: SFY) and the SoFi Next 500 ETF (NYSE: SFYX). According to SoFi, both funds have fee waivers in place that lower total fund expenses… Read More

April 12, 2019 @ 9:30 am By Samantha Hurst  |  

Zurich Insurance Group (VTX:ZURN), one of the largest global insurance companies, and CoverWallet, the tech company that is the easiest way to understand, buy, and manage business insurance online, announced earlier this week they have teamed up to launch an online platform for SME insurance in… Read More

April 12, 2019 @ 8:48 am By Samantha Hurst  |  

The University of Strathclyde announced this week the launch of its new fintech accelerator program in collaboration with Strathclyde Business School. According to the University, the Strathclyde Entrepreneurial Network (SEN) accelerator programme encourages the development of early-stage innovation-driven fintech businesses. “Four groups of entrepreneurs will have access… Read More

April 11, 2019 @ 9:06 pm By Samantha Hurst  |  

gini, a Hong Kong-based fintech that specializes in smart spending-tracking, announced on Thursday it raised $1.6 million through its seed funding round, which involved participation from Mountain Partners, Treuenburg Group, Global Technology Alliance (GTA), Dr. Cornelius Boersch, the European Investment Fund (backed by EIB), and Hong Kong-based… Read More

April 11, 2019 @ 8:58 pm By Samantha Hurst  |  

Extend, a credit card distribution platform based in the U.S., announced on Wednesday it secured $11 million through its Series A funding round, which was co-led by Point72 Ventures and Fintech Collective. Founded in 2017, Extend describes itself as a digital credit card distribution platform… Read More

April 11, 2019 @ 2:08 pm By Samantha Hurst  |  

Cryptocurrency exchange Coinbase announced on Wednesday the launch of its Visa debit card in the UK. According to Coinbase, the debit card allows customers to spend crypto as effortlessly as the money in their bank. The card’s description reads: “Coinbase Card is powered by customers’… Read More

April 11, 2019 @ 1:52 pm By Samantha Hurst  |  

Cryptocurrency exchange Binance announced on Thursday it has formed a new partnership with blockchain security company CipherTrace to further enhance the exchange’s robust anti-money laundering (AML) compliance program. Binance reported that CipherTrace will raise its platform’s compliance standards in line with a worldwide progression of… Read More

April 11, 2019 @ 1:46 pm By Samantha Hurst  |  

Lively, a U.S.-based insurtech, announced on Thursday the launch of its new iOS mobile app, which offers more accessibility to customers’ health saving accounts (HSAs). Founded in 2016, Lively describes itself as a “modern” HSA platform for employers and individuals. The company explained that its… Read More

April 11, 2019 @ 1:36 pm By Samantha Hurst  |  

Less than six months after announcing the first rated securitization of its receivables portfolio, Credibly, a small and medium-sized business lending platform, announced the next phase in its balance sheet growth strategy by launching a $10 million investment grade-rated senior debt offering. The transaction closed late… Read More

April 11, 2019 @ 7:20 am By Samantha Hurst  |  

UK-based fintech startup, Upgrade Pack, has successfully secured its initial £500,000 funding target on equity crowdfunding platform Seedrs. As previously reported, Upgrade Pack, which was founded last year, is described as a closed marketplace where airlines and hotels make discounted upgrades available to an exclusive… Read More