February 27, 2024 @ 8:02 am By Omar Faridi  |  

The European Council reportedly adopted a regulation that will make instant payments fully available in euro to consumers and businesses in the EU and in EEA countries. The new rules will improve the strategic autonomy of the European economic and financial sector as they will… Read More

 Tagged eea, EU, europe, european council, payments

February 27, 2024 @ 8:00 am By Omar Faridi  |  

Saldo Bank, which is starting its operations in Sweden, offers an interest rate of as much as 5% for a year’s deposit. Jarkko Mäensivu, the CEO of Saldo Bank, said: “We want to increase fairness in fixed-term deposits.” The digital neobank with a Finnish background,… Read More

 Tagged banking, europe, financial services, fintech adoption, neobank, saldo bank, sweden

February 27, 2024 @ 12:01 am By JD Alois  |  

Palatine Growth Credit Fund has reached its first close of £75 million. The Fund will lend to high-growth UK companies in the Fintech sector as well as cyber, SaaS, Medtech/Healthtech, AI, and more. British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank,… Read More

 Tagged british business investments, Palatine Growth Credit Fund, Ryan Sorby, uk, united kingdom, Will Chappel

February 26, 2024 @ 9:56 pm By Tony Zerucha  |  

Accel and Citi Ventures-backed Fintech Xalts, which financial institutions and businesses use to build and manage digital finance applications, this week announced its acquisition of Contour Network, owned by a consortium of global banks, to accelerate digitization in trade and supply chain finance. Contour started in… Read More

 Tagged Abhinav Chaturvedi, Ashutosh Goel, carl wegner, Contour Network, Everett Leonidas, Supreet Kaur, Xalts

February 26, 2024 @ 9:51 pm By Omar Faridi  |  

Nu Holdings Ltd. (NYSE: NU), one of the largest digital financial services platforms, released its Fourth Quarter and Full Year 2023 financial results. Financial results are expressed “in U.S. dollars and are presented in accordance with International Financial Reporting Standards (IFRS).” David Vélez, founder and… Read More

 Tagged banking, brazil, david vêlez, digital bank, latam, latin america, nubank

February 26, 2024 @ 9:41 pm By Omar Faridi  |  

Repay Holdings Corporation (NASDAQ: RPAY), a provider of vertically-integrated payment solutions, announced a new partnership and technology integration with Maxyfi, a provider of collections and accounts receivables management software for lenders, collection agencies, and law firms. The collaboration enables Maxyfi clients to “offer flexible payment… Read More

 Tagged ashraf ali, collections, jake moore, maxyfi, payments, repay

February 26, 2024 @ 9:39 pm By Omar Faridi  |  

The Asian Development Bank (ADB) has announced recently that it approved a $23 million loan to enhance access “to quality fintech education, research, and innovation at the Gujarat International Finance Tec-City (GIFT) in India.” As stated in a blog post, GIFT is a state-owned enterprise… Read More

 Tagged adb, asia development bank, financial technology, fintech adoption, fintech trends, gujrat, india

February 26, 2024 @ 2:09 pm By Omar Faridi  |  

Finzly, a payments systems for financial institutions, has announced that Quaint Oak Bank has selected it to modernize its payments infrastructure, providing a superior user experience and enabling them to grow their international and embedded banking businesses. Quaint Oak is an established financial institution “with… Read More

 Tagged Booshan Rengachari, embedded banking, financial institutions, Finzly, infrastructure, payments, quaint oak bank, user experience, william gonzalez

February 26, 2024 @ 12:40 pm By JD Alois  |  

Cross River says it has launched its “investment banking strategy,” describing the initiative as a significant milestone in the company’s history. The company said it will now assist its clients in achieving their goals by advising them on decisions like mergers and acquisitions, capital markets… Read More

 Tagged benjamin samuels, cross river, gilles gade, henry pinnell, investment banking

February 26, 2024 @ 11:23 am By Tony Zerucha  |  

Buildstock, a B2B marketplace and Fintech platform for construction materials, this week secured $1.6M in pre-seed funding from Precursor, MGV, XFactor, RefashionD and angels, including Osuke Honda (DCM), Nihal Mehta (Eniac), Shruti Gandhi (Array Ventures), Tom Peterson (Rally Ventures), Yun-Fang Juan, and Mark G (m]x[v… Read More

 Tagged Buildstock, Charles Hudson, construction, Kathryn Thiele, Precursor Ventures