December 29, 2024 @ 5:07 pm By Omar Faridi  |  

Aghanim, a mobile gaming fintech company, announced a new feature for mobile game developers: Instant Payouts. Founded by Harvard Business School alums with more than 40 years of combined expertise in video games and fintech, Aghanim’s platform ensures developers are now paid instantly, a “stark… Read More

 Tagged aghanim, fintech adoption, instant payments, instant payouts, mobile gaming

December 29, 2024 @ 5:06 pm By Omar Faridi  |  

Southeast Asia faced a challenging year in 2024, marked by a “significant contraction” in funding, amid a weak global economy, a new report revealed. According to Tracxn‘s report, prepared by industry analysts, the region’s tech ecosystem experienced a sharp decline in financial inflows and major… Read More

 Tagged fintech adoption, funding, research, southeast asia, startups

December 29, 2024 @ 1:40 pm By Omar Faridi  |  

Alpaca says it had a landmark year in 2024 as they became a fully self-clearing broker-dealer and launched new features like options trading. Working with financial institutions, Alpaca said they learned the importance of fully integrating brokerage operations stack (such as execution, clearing, and custody… Read More

 Tagged 2024 recap, alpaca, investing, trading

December 29, 2024 @ 5:16 am By Omar Faridi  |  

The Consumer Financial Protection Bureau (CFPB) sued Walmart (NYSE: WMT) and Branch Messenger for forcing delivery drivers to use costly deposit accounts to get paid and for deceiving workers— “last mile” drivers in Walmart’s Spark Driver program—about how they could access their earnings. The CFPB’s… Read More

 Tagged branch messenger, cfpb, consumer protection, enforcement action, walmart

December 28, 2024 @ 4:22 pm By Omar Faridi  |  

According to preliminary insights from Mastercard (NYSE: MA)  SpendingPulse, U.S. retail sales excluding automotive increased 3.8% YoY from Nov 1 through Dec 24. Mastercard SpendingPulse reportedly measures in-store and online retail sales, representing “all payment types and is not adjusted for inflation.” Michelle Meyer, chief… Read More

 Tagged consumer behavior, mastercard, research, spending, us

December 28, 2024 @ 2:31 pm By Omar Faridi  |  

PitchBook has shared its H2 2024 VC Tech Survey: Investor Insights on AI, Dealmaking, and Fundraising. PitchBook has noted that in this update VCs highlight stable deals, decode AI and deep tech trends, express sector “saturation concerns,” and describe how priorities are shifting to “underinvested… Read More

 Tagged ai, investments, Research Report, venture capital

December 28, 2024 @ 11:31 am By Omar Faridi  |  

Milan based Habacus has reportedly finalized a $5 million seed funding round in order to offer students / learners an ecosystem of services, including various financial services and products. Habacus, the Milan-headquartered student service ecosystem, has raised the new funding in order to develop its… Read More

 Tagged education, financial servicse, financing, habacus, italy, milan

December 27, 2024 @ 9:43 am By Omar Faridi  |  

Wise Platform noted that during the past year, they’ve expanded their global payments network and made some upgrades to their products, giving clients more ways to deliver better cross-border payment experiences. Wise Platform, a part of UK-headquartered Fintech Wise (LSE:WISE), expanded their direct connections to… Read More

 Tagged cross-border payments, international payments, uk, united kingdom, wise platform

December 27, 2024 @ 8:51 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant has expanded their partnership with Woo, the flexible, open-source e-commerce solution built on WordPress, by making Klarna a default payment option for merchants using WooPayments. Under the expanded partnership Klarna will aim to become a network… Read More

 Tagged ai, e-commerce, klarna, payments, woo

December 26, 2024 @ 9:46 pm By Omar Faridi  |  

One Inc, the payments network for the insurance industry, announced that GoAuto Insurance, selected One Inc’s ClaimsPay and PremiumPay products for a “fully” integrated and digitized policyholder payment experience. This integration enables GoAuto’s workflow by leveraging One Inc’s inbound and outbound payment capability, consolidating all… Read More

 Tagged digital transactions, insurance, one inc, payments