August 17, 2024 @ 11:16 am By Omar Faridi  |  

Sling Money, an app designed to make the global transfer of money instant, easy and low-cost, today announced a $15 million Series A round led by Union Square Ventures, Ribbit Capital, and Slow Ventures. Sling Money previously raised a $5 million seed round “led by… Read More

 Tagged funding round, ribbit capital, sling money, union square ventures

August 17, 2024 @ 10:39 am By Omar Faridi  |  

PayPal (NASDAQ: PYPL) and UKG have launched a payroll integration to enable access to payroll funds. U.S. employees whose pay is processed through UKG Pro can “now sign up for a PayPal Balance account and set up PayPal Direct Deposit1 through their employer’s payroll portal,… Read More

 Tagged integration, paypal, payroll, ukg

August 17, 2024 @ 10:29 am By Michael Wong  |  

Global payments and financial platform Airwallex announced that it has surpassed $100 billion in annual processing volume, marking a 73% increase year-on-year. This growth is accompanied by an annual run rate revenue nearing $500 million and the achievement of cash flow positivity at the end… Read More

 Tagged airwallex, payments

August 17, 2024 @ 10:19 am By Michael Wong  |  

Singapore’s DBS Bank, in partnership with Visa, unveiled its first multi-currency commercial debit card, the DBS Business Advance+ Card (BAC+), designed to bolster the financial operations of companies engaged in global digital markets. This launch is part of DBS’s broader strategy to facilitate smoother cross-border… Read More

 Tagged dbs bank, debit card, fintech, payments, singapore, visa

August 16, 2024 @ 9:15 pm By Omar Faridi  |  

Grab Holdings Limited (NASDAQ: GRAB) announced unaudited financial results for the second quarter ended June 30, 2024. Anthony Tan, Group Chief Executive Officer and Co-Founder of Grab said: “We continued to harness the strength of the Grab ecosystem, and improved the usage frequency and reliability… Read More

 Tagged financial services, grab, southeast asia, super app

August 16, 2024 @ 3:16 pm By Omar Faridi  |  

Kaspersky has detected an online fraud campaign aimed at stealing cryptocurrency and sensitive information by exploiting popular topics such as web3, crypto, AI, online gaming, and beyond. Targeting individuals worldwide, the campaign is believed to “be orchestrated by Russian-speaking cybercriminals and spreads info-stealing and clipper… Read More

 Tagged ai, crypto, fraud, kaspersky, Web3

August 16, 2024 @ 1:14 pm By Omar Faridi  |  

The points, miles and perks that have come to define the modern credit card marketing playbook are being replaced by cashback rewards and lower fee cards as cardholder financial health1 grows increasingly strained. According to the J.D. Power 2024 U.S. Credit Card Satisfaction Study, “only… Read More

 Tagged credit card, financial health, jdpower, research

August 16, 2024 @ 1:11 pm By Omar Faridi  |  

Digital bank Revolut has reportedly secured a $45 billion valuation in a share sale by company workers, beating an overall fintech industry downturn and solidifying its position as Europe’s most valuable startup venture. This, as the UK government aims to convince it to pursue a… Read More

 Tagged banking, digital bank, revolut, uk, united kingdom, valuation

August 16, 2024 @ 10:16 am By Omar Faridi  |  

PensionBee noted that the new Chancellor Rachel Reeves has announced the end of the Winter Fuel Payments for those not receiving Pension Credit. PensionBee explained that the one-off yearly payments have helped pensioners “with the often higher cost of heating in the winter months.” Pension… Read More

 Tagged payments, pension credit, pensionbee, uk, united kingdom

August 16, 2024 @ 9:55 am By JD Alois  |  

European investing App Peaks has raised €1.38 Million on Republic Europe topping its initial goal of €1,000,000. According to the offering page, Peaks was selling equity at a pre-money valuation of €52 million. Investors in the securities offering numbered 2128, aquiring a 2.55% equity stake… Read More

 Tagged neobank, peaks, republic europe