November 8, 2023 @ 5:18 pm By Omar Faridi  |  

Volante Technologies, the firm focused on cloud payments modernization, announced that it has secured $66 million in debt and equity financing in an investment round “led by Sixth Street Growth, the technology growth investing arm of Sixth Street, with participation from Wavecrest Growth Partners and… Read More

 Tagged financial services, fintech adoption, fintech trends, funding round, investment round, investments, nari ansari, vaibhav nalwaya, vijay oddiraju, volante, volante technologies, wavecrest growth partners, wells fargo strategic capital

November 8, 2023 @ 5:16 pm By Omar Faridi  |  

Black Ore, an AI platform for financial services, launched today and announced $60 million in financing led by a16z and Oak HC/FT. The company plans to use the funds from the investment round to onboard new customers, “grow its team, and accelerate the development of… Read More

 Tagged a16z, ai, artificial intelligence, eyal shinar, financial services, financing, fintech adoption, fintech trends, funding round, investment round, oak hc/ft

November 8, 2023 @ 2:51 pm By Omar Faridi  |  

BMO announced the launch of its digital Real Financial Progress Hub, a resource that allows customers to easily access personal finance advice and guidance, as well as tools and resources to “reach their own specific financial goals.” In addition to helping customers budget and set… Read More

 Tagged banking, bmo, digital technology, digital transformation, digitalization, financial goals, financial services, fintech adoption, fintech trends, personal finance

November 8, 2023 @ 10:37 am By JD Alois  |  

Lule Demmissie, US CEO of eToro, has joined the FINRA Fintech Committee. FINRA is the entity that oversees broker-dealers across the US, holding incredible power over this important aspect of financial services. By joining the Fintech Committee, Demmissie will be able to interact and share… Read More

 Tagged etoro, finra, haimera workie, lule demmissie

November 8, 2023 @ 10:25 am By JD Alois  |  

Biz2Credit’s periodic small business lending index is sharing once again that big banks are denying loan approvals for SMEs. At the same time, smaller banks and alternative lenders are stepping in to fill the gap and provide much-needed growth capital. According to the index, big… Read More

 Tagged biz2credit, small business loans

November 8, 2023 @ 9:47 am By Omar Faridi  |  

  European digital bank N26 has recently announced the decision “to discontinue its test phase in Brazil and wind down its operations in the market.” The decision underscores N26’s strategy to “focus on its core European markets as it further strengthens its position as Europe’s… Read More

 Tagged brazil, digital bank, europe, financial services, mobile banking, n26, online banking, South America, virtual banking

November 8, 2023 @ 9:04 am By JD Alois  |  

Prosper, a Wealthtech providing services in partnership with RiskSave Technologies Limited, which is authorized and regulated by the Financial Conduct Authority, has raised £3.2 million in “Angel” funding, according to a company statement. Prosper, not to be confused with the US-based platform, was founded by… Read More

 Tagged matt cooper, nick perrett, prosper, ricky knox, tom blomfield, uk, united kingdom, wealthtech

November 8, 2023 @ 8:11 am By Omar Faridi  |  

Volt, the global real-time payments platform, recently announced that Matt Henderson, former CEO of Stripe Europe, ex-Google, ex-Amazon, has now “joined as a Special Advisor to the Board.” Henderson reportedly joins Volt at a critical inflection point “for the company, following the successful completion of… Read More

 Tagged digitalization, financial services, fintech adoption, fintech trends, international payments, matt henderson, new appointments, payments, real-time payments, tom greenwood, Volt

November 8, 2023 @ 8:00 am By Omar Faridi  |  

OakNorth, a UK digital bank, says it has launched its business banking services, aimed at “helping mid-sized businesses (revenue of £1m-£100m) that are currently overlooked and underserved in the UK’s current financial landscape.” OakNorth is authorized and regulated by the Prudential Regulation Authority and the… Read More

 Tagged business banking, digital banking, entrepreneurs, europe, financial services, financially underserved, fintech adoption, fintech trends, neobank, oaknorth, rishi khosla, smbs, sme's, uk, united kingdom, virtual bank

November 8, 2023 @ 4:21 am By Omar Faridi  |  

SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, is partnering with SBI Holdings, a Japanese financial conglomerate, to establish a Digital Asset Joint Venture investment company in the United Arab Emirates (UAE). The parties say that they intend “to capitalize the vehicle with… Read More

 Tagged alex manson, digital assets, Fintech Investments, innovation, japan, mena, mena region, middle east, sbi, sbi holdings, sc ventures, standard chartered, uae, united arab emirates, venture capital, yoshitaka kitao