August 4, 2024 @ 2:40 pm By Omar Faridi  |  

Emburse, whose innovative travel and expense solutions power various organizations, has announced a strategic relationship with Finexio, the Accounts Payable (AP) Payments as a Service company. The partnership offers Emburse customers a solution “to long-standing AP challenges in the $125+ trillion B2B payments market.” Finexio’s… Read More

 Tagged emburse, finexio, payments, travel

August 4, 2024 @ 2:34 pm By Michael Wong  |  

The Ministry of Corporate Affairs (MCA) in India is set to strike off as many as 400 Chinese companies involved in online loans and online job businesses across 17 states over the next three months, according to a report by Moneycontrol, citing an anonymous government… Read More

 Tagged digital lending, india, online lending, Online Loan

August 4, 2024 @ 6:03 am By JD Alois  |  

Pagaya Technologies (NASDAQ: PGY) says it has inked a deal to acquire Theorem Technology. Pagaya is a credit qualification platform that uses alternative methods and artificial intelligence to provide its service. Its methodologies are said to convert around 30% more customers than traditional methods. Theorem… Read More

 Tagged acquisition, gal krubiner, pagaya, theorem technology

August 3, 2024 @ 7:34 pm By Omar Faridi  |  

The Association for Financial Markets in Europe (AFME) released a report titled “Digital Finance in the EU – Priorities for fostering resilient, innovative and competitive financial markets”, presenting its recommendations for supporting the development of capital markets and increased access to finance for the real… Read More

 Tagged afme, capital markets, digital finance, research

August 3, 2024 @ 5:20 pm By Tony Zerucha  |  

Florida is the top state for mobile banking, a new study from software company Vention finds. The study utilized Google Keyword Planner to analyze the nationwide Google search volume behind various keywords related to mobile banking—including “mobile banking,” “mobile banking app,” and “best mobile banking… Read More

 Tagged banking, Marc Karasu, research, Vention

August 3, 2024 @ 5:18 pm By Michael Wong  |  

National Pulse, a Dubai-based tech-driven enterprise, has strategically invested in Singaporean Fintech firm Aleta Planet to enhance cross-border payment services in the Middle East. This move aligns with the UAE’s recent push towards open finance and the adoption of digital services, according to the announcement…. Read More

 Tagged Aleta, dubai, fintech, National Pulse, singapore

August 3, 2024 @ 5:14 pm By Omar Faridi  |  

Deutsche Bank has launched BASF’s first sustainability-linked payables finance program in Asia, with a focus on its operations in China. The solution meets global standards and has “been tailored to suit local business requirements.” The program will support BASF’s activities in China. The solution provided… Read More

 Tagged basf, china, deutsche bank, finance, payables, sustainability

August 3, 2024 @ 5:12 pm By Omar Faridi  |  

UnaFinancial, which is investment platform Robocash’s parent company, is reporting that it has earned $4.7 million in H1 2024. UnaFinancial has issued management accounts “for the first six months of 2024.” The Group focused on expanding its most profitable businesses and “improving operational efficiency across… Read More

 Tagged europe, online lending, robocash, unafinancial

August 3, 2024 @ 4:57 pm By Michael Wong  |  

Globe Fintech Innovations, Inc. (Mynt), the operator of the Philippines’ leading finance super app GCash, has elevated its market position with fresh investments from Ayala Corporation and Mitsubishi UFJ Financial Group (MUFG), boosting its valuation to an impressive $5 billion. This new valuation marks a… Read More

 Tagged Ayala, gcash, mufg, mynt

August 3, 2024 @ 4:48 pm By Tony Zerucha  |  

The Agri-Business Capital Fund this week announced an investment of €1.1 million in MiCreditoYa Microfinanciera SAS, a microfinance institution operating in the Nariño department in the southwest of Colombia. Access to finance remains a significant challenge in many parts of the world, particularly in rural… Read More

 Tagged Bamboo Capital Partners, colombia, David Grimaud, MiCreditoYa, microfinance