June 15, 2024 @ 10:32 pm By Omar Faridi  |  

Xero, the global small business platform, released regional and industry data about small business labor productivity. The Xero Small Business Insights (XSBI) report, Small business productivity: Industry and regional trends, is based “on anonymized and aggregated data from more than 240,000 Xero small business customers… Read More

 Tagged data, labor productivity, research, small business

June 15, 2024 @ 9:12 pm By Michael Wong  |  

Qiro Finance, a Singapore-headquartered decentralized finance (DeFi) startup founded by Akshay Poshatwar and Nishikant Bahalkar, announced a successful $1.2 million funding round to develop a decentralized credit protocol aimed at bridging the significant credit gap in emerging markets. The startup said it is innovating at… Read More

 Tagged defi, private credit, Private Credit Market, Qiro, singapore

June 15, 2024 @ 8:58 pm By Tony Zerucha  |  

Even though credit card fraud is increasing in the United States, a report from security.org said it is still poorly understood. As more people use cards and spend digitally, it opens the door for fraudulent activity; in 2023, an estimated 52 million Americans suffered credit… Read More

 Tagged credit cards, digital finance, digital wallets, fraud, phishing, security.org

June 15, 2024 @ 7:15 pm By Michael Wong  |  

BayaniPay, a US and Philippines-based global payments automation process provider announced that it has raised an additional $3 million in funding to expand its international payment capabilities. This capital injection, led by Wavemaker Partners, PTGB, and Talino Venture Studios, will be used to finance the… Read More

 Tagged BayaniPay, fintech, payments, Philippines, wavemaker partners

June 15, 2024 @ 7:11 pm By Omar Faridi  |  

The Central Bank of Kuwait (CBK) has added 2 new companies to e-payment services providers, e-Money services providers and e-payment systems operators register. Continuing its efforts to encourage innovation in financial services, enhance electronic payment services and regulate these activities, ensure providing high-quality, efficient and… Read More

 Tagged cbk, e-money service providers, Kuwait, mena, payments

June 15, 2024 @ 12:34 pm By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced a partnership with full-service hospitality management company Brittain Resorts & Hotels. Now, approved hotel guests can book accommodations “at more than 15 hotels and resorts and pay over time… Read More

 Tagged affirm, bnpl, payments, uk, united kingdom

June 15, 2024 @ 11:54 am By Tony Zerucha  |  

This week, Neon Money Club, a lifestyle finance platform that created The Cream Car on the Amex Network, launched the interactive financial wellness game and resource center Get the Bag. Get the Bag is designed to use raw fun to educate people on financial fundamentals. Inspired by No Internet… Read More

 Tagged financial literacy, financial wellness, Get the Bag, Jackie Liao, Luke Bailey, Neon Money Club

June 15, 2024 @ 10:08 am By Michael Wong  |  

Ant Group, the Fintech arm of Chinese tech major Alibaba, ramped up its research and development expenditures to a record 21.2 billion yuan ($3.05 billion) last year, according to its latest sustainability report. This move highlights the company’s increasing focus on technology innovations, including artificial… Read More

 Tagged alibaba, ant group, artificial intelligence, data, tech

June 15, 2024 @ 9:21 am By Michael Wong  |  

AccountsIQ, a cloud-based accounting platform, has raised €60 million (about $64 million) in a Series C funding round anchored by business-to-business (B2B) software-as-a-service (SaaS) growth equity fund Axiom Equity. The investment is set to bolster AccountsIQ’s product development, enabling the firm to integrate advancements in… Read More

 Tagged accounting, AccountsIQ, ai, finance, fintech

June 15, 2024 @ 8:16 am By Omar Faridi  |  

BVNK, a London-based firm focused on payments innovation, enhanced its stablecoin liquidity operations by leveraging Talos’ advanced trading technology and extensive partner network. This collaboration has added new liquidity providers “at significantly reduced integration times, resulting in a nearly two-fold increase in trading volumes –… Read More

 Tagged bvnk, payments, stablecoin, talos, uk, united kingdom