Indian Digital Payments Giant Paytm’s Founder Reveals Fintech Firm’s Roadmap to Profitability

India-based digital payment giant Paytm says it hopes to become profitable in the coming years  as it plans to develop a new business strategy. Vijay Shekhar Sharma, the 41-year-old billionaire founder and CEO at Paytm, who leads One 97 Communications, the parent firm of Paytm,… Read More

We Help Businesses Fly: Digital Bank Starling Bank Promotes SME Services

Digital bank Starling has kicked off a new advertising campaign focusing on banking services for SMEs, according to a release. The digital pitch promotes Starling Bank as supporting small businesses claiming the bank helps your business fly. Starling Bank is said to be spending “multi-millions”… Read More

Digital Mortgage Servicing Platform Brace Secures $10 Million Through Series A Funding Round Led By Point72 Ventures

Brace, a U.S.-based digital mortgage-servicing platform, recently announced that it has raised an additional $10M in Series A funding led by Point72 Ventures. Founded in 2017, Brace states it provides technology solutions to “drive innovation” in the mortgage servicing industry. “Brace is developing a full… Read More

Fintech TransferWise Explains How it Can Assist Estonian E-Residents in Establishing Business Operations

Estonia’s e-residency program is a government-backed digital identity initiative that allows individuals and companies to launch a new business in the European nation, even if they do not physically reside there. For example, if you are a German citizen, and are living in Singapore and… Read More

Neobank Sogexia Granted Payment Institution License By the Minister of Finances of Luxembourg

Neobanking group Sogexia announced on Monday it has been granted its payment institution license by the Minister of Finances of Luxembourg. The company reported that since 2010 it has been providing to both consumers and corporates the ability to open a payment account in a… Read More

Great Hill Completes Acquisition of VersaPay

Growth-oriented private equity firm Great Hill announced on Friday it has completed its acquisition of VersaPay (TSXV: VPY),  a provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment. Great Hill reported that under the Arrangement, each VersaPay shareholder will receive cash consideration of… Read More

$34.5 Billion in Fintech Deals During 2019, a Dip in Number of Deals from Year Prior but Deals Get Supersized

In 2019, there were $34.5 billion in 1,913 Fintech deals around the world a decline of 15% versus 2018 – a year that benefited from Ant Financial’s huge $14 billion deal.  If you choose to ignore Ant, part of Alibaba, then 2019 would be a… Read More

UAE-based aafaq Islamic Finance Launches New Core Digital Banking Platform, Developed by InfoSys

United Arab Emirates (UAE)-based aafaq Islamic Finance has officially launched its core banking, Islamic banking and payments platforms, which have been developed by Infosys. aafaq’s management confirmed that the financial institution has upgraded its digital, payments and Islamic banking with software designed by Infosys, an… Read More

JPMorgan Chase Moves a Step Closer to Launching a Digital Consumer Bank in the UK

New York-based JPMorgan Chase (NYSE:JPM) , the world’s sixth-largest bank with over $2.6 trillion in assets, has moved a step closer to introducing a wide range of personal banking products in the United Kingdom. The move would be similar to what Goldman Sachs has done… Read More

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