August 6, 2024 @ 2:51 pm By Omar Faridi  |  

Savvy Wealth, a digital-first platform for financial advisors centered around modernizing human financial advice, today announced an additional $15.5 million funding round led by Canvas Ventures. This latest infusion of capital, which “closes the company’s $26.5 million Series A round, will accelerate the development of… Read More

 Tagged funding round, savvy wealth, wealthtech

August 6, 2024 @ 2:50 pm By Omar Faridi  |  

Remitly Global, Inc. (NASDAQ: RELY), a provider of digital financial services, has announced the appointment of finance executive Vikas Mehta as Chief Financial Officer, succeeding Hemanth Munipalli, effective August 19, 2024. Munipalli is leaving for family reasons, and will “oversee an orderly transition, remaining with… Read More

 Tagged digital financial services, finance, remitly, vikas mehta

August 6, 2024 @ 2:42 pm By Omar Faridi  |  

Nuvei Corporation (Nasdaq: NVEI), the Canadian Fintech company, today announces that it has entered into a definitive agreement to acquire Pay2All Instituição de Pagamento Ltda., a licensed Payment Institution authorized by the Central Bank of Brazil. This strategic milestone is expected “to enhance Nuvei’s capabilities… Read More

 Tagged acquisition, brazil, canada, fintech, nuvei, pay2all

August 6, 2024 @ 2:38 pm By JD Alois  |  

The UK has long been a hot center of innovation in financial services. The noted Fintech hub has boosted the UK economy while helping the country maintain its status as a top global financial center. The sagging global economy, commencing with the COVID health crisis,… Read More

 Tagged Fintech funding, kpmg, research, uk

August 6, 2024 @ 11:36 am By Omar Faridi  |  

Bilt Rewards, which claims to be among the nation’s largest loyalty program sfor the home and neighborhood, today announced it has raised an additional $150 million in funding. The investment round was led “by Teachers’ Venture Growth (TVG), the late-stage venture and growth investment arm… Read More

 Tagged bilt rewards, funding, investment round, loyalty rewards

August 6, 2024 @ 11:01 am By Omar Faridi  |  

Dave Inc. (Nasdaq: DAVE), one of the nation’s neobanks, reported its financial results for the second quarter ended June 30, 2024. Jason Wilk, Founder and CEO of Dave, said: “2024 continues to show impressive results as we exceeded growth and profitability expectations again in the… Read More

 Tagged dave, financial services, neobank, us

August 6, 2024 @ 10:50 am By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) has issued an update on the development of digital banking or “virtual banks” (VB) in Hong Kong. The HKMA states that the establishment of regulated digital banking has achieved its three stated goals: promoting Fintech and innovation, creating a… Read More

 Tagged banking, digital bank, hkma, hong kong, virtual bank

August 6, 2024 @ 7:07 am By Omar Faridi  |  

In the world of fintech and accounting, some partnerships are built on shared vision and innovation. That’s the case with VEDA, a firm focused on tech accounting, and the innovative spend management platform at Payhawk. It started with a chance meeting. Danny from VEDA Accounting… Read More

 Tagged accounting, EU, europe, fintech adoption, payhawk, veda

August 6, 2024 @ 7:05 am By Omar Faridi  |  

The 2025 Fintech Pledge has successfully achieved more than 15 million actions in its goal to help millions of UK consumers strengthen their ability to withstand an economic shock, successfully achieving more than half its initial objective. The Pledge has achieved this by “incentivizing unprecedented… Read More

 Tagged clearscore, fintech pledge, uk, united kingdom, zopa bank

August 5, 2024 @ 11:47 pm By Omar Faridi  |  

The research study, shared by cybersecurity firm Kaspersky, and entitled ‘Excitement, Superstition and great Insecurity – How global Consumers engage with the Digital World’ discloses controversial views among users regarding the protection of their personal information. For instance, 49% of respondents “consider covering the webcam… Read More

 Tagged cybersecurity, kaspersky, privacy, research, security