March 24, 2025 @ 4:52 pm By Omar Faridi  |  

Latin American fintech Ualá has raised an additional $66 million in a second close of its Series E funding round, bringing the total to $366 million. This extension saw participation from TelevisaUnivision, alongside earlier investors like Allianz X, Stone Ridge Holdings Group, Pershing Square Foundation,… Read More

 Tagged argentina, digitalization, funding round, latam, mexico, payments, uala

March 24, 2025 @ 1:59 pm By Omar Faridi  |  

Payments Canada is supporting a transformative shift in the financial landscape with the adoption of ISO 20022, an international messaging standard poised to enhance payment processing across the country. This initiative is gaining momentum, underscored by the release of a new educational update from Payments… Read More

 Tagged Cross-Border Transactions, digital payments, iso 20022, payments canada

March 24, 2025 @ 1:58 pm By Omar Faridi  |  

Consumer financial technology company Chime announced the launch of Instant Loans—a product that provides instant access to up to $500 in funds with a fixed interest rate that is “lower than what’s typically observed in the industry.” Like all of Chime’s services, Instant Loans is… Read More

 Tagged chime, neobank, online lending

March 24, 2025 @ 11:16 am By Tony Zerucha  |  

Crossmint, a platform for companies building on-chain, this week announced the completion of a $23.6 million funding round led by Ribbit Capital, with participation from Franklin Templeton, Nyca, First Round, and Lightspeed Faction. The company said more than 40,000 companies and developers use its services,… Read More

 Tagged Alfonso Gomez-Jordana, blockchain, Crossmint, funding round, Rodri Fernandez

March 24, 2025 @ 11:15 am By Omar Faridi  |  

Standard Chartered (LON: STAN) announced the launch of its whitepaper titled ‘Frictionless reconciliation and allocation of cash: Can the adoption of ISO 20022 XML turn this dream into reality?’(Opens in a new window). Developed in partnership with Zanders, the whitepaper offers perspectives and seeks to… Read More

 Tagged banking, cash, iso 20022, standard chartered

March 24, 2025 @ 11:12 am By Tony Zerucha  |  

ClearGrid has launched with $10 million in funding to build “the modern debt collection infrastructure for the digital age.” The funding comes across two rounds, with the pre-seed round co-led by Raed Ventures and Beco Capital. The seed round was co-led by Nuwa Capital and… Read More

 Tagged beco capital, ClearGrid, debt collection, funding round, Khalid Bin Bader Al Saud, Mohammad Al Zaben, Omar Majdouie, raed ventures

March 24, 2025 @ 11:10 am By Omar Faridi  |  

Klarna, the AI-powered payments and commerce network, and DoorDash, the local commerce platform, have partnered to offer Klarna’s flexible range of payment options to DoorDash customers. In the coming months, DoorDash customers will be able to take advantage of Klarna’s range of payment options when… Read More

 Tagged bnpl, doordash, flexible payments, klarna, us

March 24, 2025 @ 12:53 am By Omar Faridi  |  

UK’s digital bank Monzo noted that their engineering team has created Monzo Stand-in, which is described as a fully independent backup bank complete with its own data, software, and infrastructure. This system can reportedly become effective / go live instantly during outages, ensuring customers retain… Read More

 Tagged banking, digital bank, monzo, uk, united kingdom

March 23, 2025 @ 11:52 pm By Omar Faridi  |  

Nordic challenger bank Lunar has announced reaching 1 million users, a significant milestone in its mission to transform the banking experience for individuals and businesses across the Nordics. The achievement of 1 million users highlights Lunar’s growth in the Nordic banking landscape. Ken Villum Klausen,… Read More

 Tagged challenger bank, lunar, milestone, nordics

March 23, 2025 @ 11:33 pm By Omar Faridi  |  

Trustly, the global Pay by Bank solutions provider, announced that it will now support RIX INST, the instant settlement system of Sveriges Riksbank, the Swedish Central Bank, solidifying Trustly’s position in instant payouts. Representing a key milestone for the company in its home market, Trustly… Read More

 Tagged instant payments, open banking, pay by bank, payments, sweden, trustly