November 1, 2024 @ 11:22 am By Omar Faridi  |  

DriveWealth, a financial technology platform providing Brokerage-as-a-Service, today announced that the Bank of Lithuania, the central bank of the Republic of Lithuania, granted it a brokerage license in Europe. This license aims to support DriveWealth’s global expansion efforts and marks its third region with regulatory… Read More

 Tagged bank of lithuania, brokerage license, drivewealth, europe

November 1, 2024 @ 11:21 am By Tony Zerucha  |  

African Fintech Moniepoint has successfully raised $110 million in equity financing. The company was formerly known as TeamApt. The capital raised will accelerate Moniepoint’s growth across Africa, building an integrated platform for African businesses of all sizes. This platform will include services such as digital… Read More

 Tagged Adefolarin Ogunsanya, Danladi Verheijen, Felix Ike, Moniepoint, series c, Tosin Eniolorunda

November 1, 2024 @ 10:23 am By Tony Zerucha  |  

Melio, an accounts payable and receivable platform for small and medium businesses, this week announced it had raised an additional $150 million in a strategic funding round led by Fiserv, Inc. (NYSE: FI), a global provider of payments and financial services technology solutions. Shopify Ventures and… Read More

 Tagged john gibbons, matan bar, melio, series e

November 1, 2024 @ 9:44 am By Omar Faridi  |  

Aquis Exchange PLC, a creator and facilitator of next-generation financial markets, and Cboe Europe, a division of Cboe Global Markets, Inc., the derivatives and securities exchange network, are announcing their intention to form a joint venture which plans to explore a bid to “perform the… Read More

 Tagged aquis exchange, cboe, europe, financial markets

November 1, 2024 @ 7:57 am By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, unveiled updates to the Affirm app. The “redesigned’ experience shows consumers their real-time purchasing power with Affirm, offers an upgraded search function, and provides access to personalized “payment terms and interest-free… Read More

 Tagged affirm, bnpl, pay over time, payments

November 1, 2024 @ 7:55 am By Tony Zerucha  |  

Marqeta (NASDAQ: MQ), a card issuing platform that enables embedded finance solutions, this week unveiled its Marqeta Flex solution. Marqeta Flex addresses the way BNPL loans can be delivered inside payment apps and wallets, surfacing them at the moment of need within an existing payment… Read More

 Tagged Ahmed Siddiqui, bnpl, Branch, marqeta, Marqeta Flex, Simon Khalaf

November 1, 2024 @ 7:51 am By Omar Faridi  |  

Remilty have expanded their seafarers product experience to the European Union, United Kingdom, Australia, and Singapore. With this launch, Remitly said that they aim to bring even more seafarers the reliable, “secure,” and accessible money transfer service they deserve Remitly noted in a blog post… Read More

 Tagged europe, payments, remitly, singapore, uk

October 31, 2024 @ 6:08 pm By Omar Faridi  |  

DailyPay, a worktech company, is expanding globally in more ways than one. DailyPay stated that it now focused on broadening the reach of its platform by adding a new feature: International Remittances. The International Remittances feature will enable DailyPay users to send funds at the… Read More

 Tagged Cross-Border Transactions, dailypay, international payments, remittances

October 31, 2024 @ 11:47 am By JD Alois  |  

Yesterday, the UK government revealed its new budget and the changes being made to cover a deficit while attempting to fuel economic growth. While the punditry will be digesting the statement from the Chancellor of the Exchequer, Rachel Reeves, for days, CI has received a… Read More

 Tagged autumn budget, autumn statement, cgt, clearbank, curve, decta, lowell, meta, neo, ohpen, perspective, quint group, Rachel Reeves, redcompass labs, uk, united kingdom

October 31, 2024 @ 11:17 am By Omar Faridi  |  

Versana announced the closing of a $26 million capital raise with the addition of Barclays as an investor in its centralized, real-time digital data platform. Existing investors Bank of America, Citi, Deutsche Bank, J.P. Morgan, Morgan Stanley and Wells Fargo also “participated in this round.” In… Read More

 Tagged barclays, capital raise, data, digitalization, versana