After UK’s Exit from EU, Vilnius Set to Become Largest Center in the Bloc for Regulated Fintech Firms: Report

The Baltic region’s finance industry has been struggling and some of the area’s countries including Estonia, Latvia, and Lithuania have reportedly been indirectly involved in money-laundering scandals that were allegedly orchestrated by large Nordic banks. However, Lithuania’s capital has been able to develop its local… Read More

Global Blue To Become Publicly Traded Company on NYSE Through Far Point Merger

Global Blue, a Switzerland-based technology and payments partner empowering global merchants to capture the growth of international shoppers, announced on Thursday it will become a publicly-traded company on the New York Stock Exchange through its merger with Far Point Acquisition Corporation (NYSE: FPAC), a special… Read More

Goldman Sachs Promotes Marcus App, Explains Delay as Utility Not that High at First

Digital-only bank Marcus, part of Goldman Sachs (NYSE:GS) was recently announced after a several year delay. The app is now available on the Apple App store with Google Play availability this spring. Marcus is the first digital-only bank to have a federal charter in the… Read More

Swedish Banking Group Northmill Appoints Mattias Hallgrim as New CMO

Northmill, a Fintech based in Sweden, announced on Wednesday it has appointed Mattias Hallgrim as its new CMO. According to Northmill, Hillgrim has more than 20 years of experience from a wide range of leading businesses such as Tradedoubler and Ticketmaster and most recently he… Read More

France-based Mobile Payments Firm Lydia Secures $44.6 Million in Funding from Tencent, Open CNP, XAnge, New Alpha

Lydia, a France-based mobile payments firm, has acquired €40 million (appr. $44.6 million) in funding via a Series B investment round led by Chinese internet giant Tencent. Open CNP, XAnge and New Alpha also took part in the round. Established in 2013, the Lydia peer-to-peer… Read More

Banxa, a Provider of Fiat Gateway Infrastructure to Major Digital Asset Exchanges, Secures $2 Million in Funding

Banxa, an established provider of fiat gateway infrastructure to major digital asset exchanges such as Binance, has reportedly secured $2 million via a Series A investment round. The funding round was led by NGC Ventures, one of the most active investors in the crypto-asset and… Read More

India’s Amazon Pay Receives $19.3 Million Capital Injection from Singapore and Mauritius-based Parent Entities

Amazon Pay in India has received a capital injection of INR 13.5 billion (appr. $19.3 million) from its Singapore and Mauritius-headquartered parent entities, according to a filing with the registrar of companies (RoC). As noted in the financial documents available on business intelligence and information… Read More

Raisin Announces Acquisition of Software Company Choice Financial Solutions

Cross-border savings and investments marketplace Raisin announced on Wednesday it is acquiring software company Choice Financial Solutions. Raisin reported that the acquisition will make its first real innovation to the U.S. deposits market in generations broadly accessible to banks across the country. “Raisin will license… Read More

Fintech October Reflects on Past 12 Months Performance as Loan Originations Accelerate

October, a leading European online lender, recently published a blog post reviewing last years’ performance. While October was not the first marketplace lender out of the gate in continental Europe it has emerged as one of the leaders. According to the October website, since platform… Read More

NatWest Joins Forces With Soldo to Boost SME Lending

UK banking group NatWest announced on Wednesday it has joined forces with Soldo, a pre-paid company card provider for small businesses, to expand its SME lending capabilities. NatWest reported that the partnership will allow two of its ventures, Esme Loans and Rapid Cash, to be… Read More

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