July 31, 2024 @ 6:46 pm By Omar Faridi  |  

Tonik, the Philippines’ digital-only neobank, recently announced that it has achieved steady growth in its consolidated loan portfolio and revenue in the first half of 2024. In 2023, Tonik claims that it “became the first non-captive digital bank in the Philippines to achieve a major… Read More

 Tagged digital bank, loan portfolio, Philippines, tonik

July 31, 2024 @ 1:58 pm By JD Alois  |  

Fintech Bud Financial has selected Lithuania as its European hub. According to Invest Lithuania, the financial data intelligence platform is expanding its presence in the country after the Bank of Lithuania granted Bud Financial an AIS [Account Information Service] Provider license. Bud will now be… Read More

 Tagged bud financial, invest lithuania, lithuana

July 31, 2024 @ 1:20 pm By JD Alois  |  

Sticpay, a digital wallet and payments provider, says it has added Visa and Mastercard debit/credit card processing to its platform. Sticpay reports over 5000 merchants. Sticpay is licensed by the UK Financial Conduct Authority and reports over one million users and 5,000 corporate clients across… Read More

 Tagged payments, sticpay, uk, united kingdom, wallet

July 31, 2024 @ 12:48 pm By Omar Faridi  |  

Airwallex, a global payments and financial platform for modern businesses, announced a partnership with Float, one of Canada’s B2B fintechs, to enable fast and cost-effective bill payments for both domestic and overseas transactions. Float’s Bill Pay product, powered by Airwallex, introduces payouts – “including bank… Read More

 Tagged airwallex, canada, float, payments

July 31, 2024 @ 11:43 am By JD Alois  |  

The American Fintech Council (AFC) keeps adding new Fintechs to its roster of members. Today, MoneyLion (NASDAQ:ML) has joined the group that seeks to advocate on behalf of the burgeoning Fintech sector. Phil Goldfeder, Chief Executive Officer of AFC, said MoneyLion empowers millions to take control… Read More

 Tagged AFC, american fintech council, moneylioin, moneylion

July 31, 2024 @ 10:45 am By Omar Faridi  |  

SoFi Technologies (NASDAQ: SOFI) is reporting net revenue of $599 million and net income of $17 million for Q2 2024, marking the third consecutive quarter of GAAP profitability. Despite these fairly solid results, SoFi’s share price has barely budged in the past day. The Fintech… Read More

 Tagged financial results, fintech, sofi, sofi technologies, us

July 31, 2024 @ 9:12 am By Omar Faridi  |  

Lloyds Bank’s latest Business Barometer found that overall business confidence rose significantly in July to equal the highest level in confidence shown by businesses for eight years. Business confidence in the UK increased by 9 points “to 50% this month, reversing the drop in June… Read More

 Tagged business confidence, lloyds bank, research, uk, united kingdom

July 31, 2024 @ 5:22 am By Omar Faridi  |  

Backbase, the global enabler of Engagement Banking, announces the establishment of its first global Center of Excellence (COE) focused on Artificial Intelligence (AI) in Ho Chi Minh City, Vietnam. The COE will serve as the development hub “for Backbase’s AI banking solutions worldwide and will… Read More

 Tagged ai, backbase, engagement banking, vietnam

July 30, 2024 @ 10:17 pm By Omar Faridi  |  

C2FO, the on-demand working capital platform, announced that the Small Industries Development Bank of India (SIDBI) is the latest financier to join C2treds. This national funding platform “enables the early payment of invoices to provide much-needed liquidity to India’s micro, small, and medium-sized businesses (MSMEs).”… Read More

 Tagged c2fo, development bank, india, working capital

July 30, 2024 @ 10:17 pm By Omar Faridi  |  

Network International, the enabler of digital commerce, and Biz2X, a global technology and financing fintech in the U.S., India and Australia with over $10 billion USD funded through its digital lending platform, today announced a new SME financing partnership. The primary objective of the partnership… Read More

 Tagged biz2x, digital commerce, middle east