December 14, 2024 @ 11:36 am By Michael Wong  |  

Around 16% of Belgium’s population, or 1.9 million people, do not use online banking, according to a report published on Friday by the non-profit organisation Financité. The report highlights concerns about the impact of bank closures on those who are not digitally connected, particularly the… Read More

 Tagged banking, belgium

December 14, 2024 @ 11:34 am By Michael Wong  |  

TSX-listed Axis Auto Finance Inc. announced the completion of its previously disclosed sale of auto loan assets and related business operations for $78 million. The transaction, initially detailed in October, included adjustments for changes in loan composition and fair market value of inventory since December… Read More

 Tagged auto loan, Axis Auto Finance Inc

December 14, 2024 @ 11:30 am By Omar Faridi  |  

Nubank (NYSE: NU) is expanding Pix using generative artificial intelligence, both on its app and via WhatsApp. More customers can transfer money by giving commands using audio, text, and image messages, “ensuring convenience, speed, alongside a smoother experience and safety.” Pix with AI in the… Read More

 Tagged banking, brazil, digital bank, latam, nubank, pix

December 13, 2024 @ 4:36 pm By Omar Faridi  |  

Pune-headquartered FPL Technologies, which operates credit card issuance and virtual payments platform One Card, has reportedly acquired about $25.5 million in new funding via an investment round that was led by QED Investors. Peak XV Partners, Z47 (formerly known as Matrix Partners India) and Better… Read More

 Tagged fpl technologies, one card, pune, qed investors

December 13, 2024 @ 4:26 pm By Tony Zerucha  |  

This week, Marqeta (NASDAQ:MQ), a global, modern card issuing platform that enables embedded finance solutions welcomed BNPL provider Slope. Via Marqeta, the Slope Card facilitates commercial BNPL options, allowing customers to pay in-store or online with 30- or 60-day loan options. IKEA is already utilizing… Read More

 Tagged bnpl, Lawrence Lim Murata, marqeta, Slope, todd pollak

December 13, 2024 @ 12:45 pm By Omar Faridi  |  

Kuady, a payments service processor, announced key updates in its Latin American expansion, with the launch of its digital wallet services in Ecuador and the roll-out of its virtual prepaid Mastercard in Argentina. These developments underscore Kuady’s commitment to driving financial inclusion and delivering payment… Read More

 Tagged argentina, ecuador, Kuady, latam, payments

December 13, 2024 @ 11:44 am By Omar Faridi  |  

N26 announced the launch of Ready-Made Funds, a new offering added to its existing Stocks & ETFs trading product designed to make investing more accessible. Ready-Made Funds allow customers to select a “multi-asset portfolio made up of Exchange-Traded Funds (ETFs) and Index Funds, managed by… Read More

 Tagged banking, digital bank, etfs, europe, investing, n26

December 13, 2024 @ 10:35 am By Omar Faridi  |  

Nuvei Corporation, the Canadian fintech, announces the expansion of its partnership with Google to integrate Google Pay, an option now available for merchants across Latin America (LatAm). This collab builds upon the relationship between Nuvei and Google, and complements Google Pay’s availability via Nuvei in… Read More

 Tagged canada, fintech adoption, google pay, latin america, nuvei corporation

December 13, 2024 @ 9:09 am By JD Alois  |  

BNPL provider Affirm (NASDAQ: AFRM) has inked a deal with Sixth Street where the investment firm will commit $4 billion to loans originated by Affirm. This “long-term capital partnership” is expected to ramp up over three years. Affirm says this is the largest capital commitment… Read More

 Tagged affirm, bnpl, online lending, sixth street

December 13, 2024 @ 8:14 am By Omar Faridi  |  

Upvest, a European investment infrastructure provider, has raised a €100 million Series C funding round. The funding round was led by Hedosophia and joined by Sapphire Ventures. Existing investors also participated, including the following: Bessemer Venture Partners, BlackRock, Earlybird, HV Capital, Motive Ventures, and Notion Capital. The… Read More

 Tagged europe, infrastructure, investing, investment round, upvest