General News

November 25, 2020 @ 7:58 pm By Omar Faridi  |  

The Indonesian Central Securities Depository (KSEI) has noted that Fintech platforms are expected to support the rise in the number of Indonesia’s retail investors in the foreseeable future, especially as the country’s younger consumers begin to seriously explore investment options after the COVID-19 outbreak. As… Read More

November 25, 2020 @ 3:25 pm By Samantha Hurst  |  

  U.S. insurtech startup Hippo Insurance has joined forces with Kangaroo Home Security to bring customers flexibility and financial ease with home insurance. According to Hippo, the collaboration expands the suite of smart device kits available within Hippo’s expansive smart home program to include a… Read More

November 25, 2020 @ 1:42 pm By Samantha Hurst  |  

Kredivo, an Indonesia-based digital credit platform, announced on Tuesday it and Victory Park Capital Advisors, LLC (VPC), a private credit specialist, announced closed a committed debt facility of up to $100 million to fund consumer loans for Kredivo’s borrowers in Indonesia. Kredivo reported that the… Read More

November 25, 2020 @ 10:23 am By Samantha Hurst  |  

European fintech Viva Wallet recently announced it has bought Google Pay to customers in 18 countries. The company previously announced the service was being offered for customers in 11 countries. On October 27th, the service became available in Belgium, Czech Republic, Denmark, Finland, France, Germany,… Read More

November 25, 2020 @ 10:10 am By Samantha Hurst  |  

UP Fintech Holding Limited (NASDAQ: TIGR), an online brokerage firm focusing on global investors, announced on Wednesday it opened its one millionth customer account. The company reported that since launching its flagship APP, Tiger Trade, six years ago, it has invested heavily in innovation and now… Read More

November 24, 2020 @ 1:13 pm By Samantha Hurst  |  

Ellevest, a digital investment platform created for women and founded by Wall Street veteran Sallie Krawcheck, announced on Tuesday it has joined forces with card-linked offer platform Dosh to offer cash back rewards for members. Through the collaboration, members may now earn automatic cash back… Read More

November 24, 2020 @ 11:25 am By Samantha Hurst  |  

  U.S. insurtech startup Hippo Insurance announced on Tuesday it scored $350 million investment and formed a partnership with Mitsui Sumitomo Insurance Company, Limited, a subsidiary of MS&AD Insurance Group Holdings, Inc. According to Hippo, the investment will support the insurtech’s product roll out in… Read More

November 24, 2020 @ 10:43 am By Samantha Hurst  |  

Check Point Software (NASDAQ: CHKP), a global provider of cyber-security solutions, announced on Tuesday it has become a strategic partner of FinTech Scotland, an independent not-for-profit body jointly established by the private sector and the Scottish Government. Check Point solutions bring a practical boost to… Read More

November 24, 2020 @ 8:32 am By Samantha Hurst  |  

Digital-only bank platform N26 announced on Monday the launch of its new banking accounts, N26 Smart and N26 Business Smart. The accounts feature most of N26’s money management features to help account users “spend and save with confidence.” The banking group explained: “Alongside all the… Read More

November 24, 2020 @ 7:53 am By Omar Faridi  |  

Elisha Wiesel, a former Goldman Sachs executive and son of Elie Wiesel, has taken on the role of Chairman of The Floor, a Tel Aviv-based Fintech firm. Wiesel is well-known for his Wall Street investment banking and risk management experience within the financial services industry…. Read More

November 23, 2020 @ 10:42 pm By Omar Faridi  |  

The HM Treasury has stated that it’s ultimately the responsibility of lenders, and not necessarily the nation’s government, to recover debts under the different COVID-19 loan schemes and packages. The UK government’s four main business support schemes, which includes the Coronavirus Business Interruption Loan Scheme… Read More

November 23, 2020 @ 3:28 pm By Samantha Hurst  |  

  Digital bank Revolut announced on Monday its service Revolut Junior is now offering a new feature called Co-Parent. According to Revolut, Co-Parent was created to supervise their child’s Revolut Junior account and make learning about money easy and fun together, because teamwork makes the… Read More

November 23, 2020 @ 3:12 pm By Samantha Hurst  |  

Digital payments company Payoneer announced on fMonday the launch of its new payment orchestration platform that is dedicated to e-commerce merchants in North America. The company reported that following its optile acquisition, it is now integrating its offering into its core platform and expanding its… Read More

November 23, 2020 @ 10:44 am By Samantha Hurst  |  

American Express (NYSE: AXP) recently announced the participants of its “100 for 100” Black Women Entrepreneur program. According to American Express, the program will provide each participant with $25,000 and 100 days of business resources, including business education, mentorship, marketing, virtual networking, WorkSpaces by Hilton… Read More

November 23, 2020 @ 9:44 am By Samantha Hurst  |  

  Expensify, a U.S.-based expense software, announced on Monday it is set to surpass $100 million in annual recurring revenue in 2020. The company reported it only raised $20.2 million in primary capital since its founding in 2008, also recorded its highest monthly revenue ever… Read More

November 23, 2020 @ 9:01 am By Samantha Hurst  |  

BBVA announced on Monday it has developed Global Commercial Cards, a solution that allows companies to have greater control of employees’ use of commercial cards simplifying the processes of expense submission and approval. “The new solution tailors to the needs of all types of companies,… Read More

November 22, 2020 @ 10:44 pm By Samantha Hurst  |  

  Visa (NYSE:V) announced on Friday it has completed the acquisition of YellowPepper, a payments tech company that supports financial institutions and startups in Latin America and the Caribbean. Visa reported that the acquisition is considered the first of its kind for financial giant in… Read More

November 22, 2020 @ 10:19 pm By Samantha Hurst  |  

    Wells Fargo (NYSE: WFC) recently announced it has launched “WellsOne” virtual card payments Services. The launch of WellsOne comes just a little over a month after Wells Fargo launched its new payment track, which is a single status, secure, web-based solution for tracking… Read More

November 20, 2020 @ 3:24 pm By Samantha Hurst  |  

Wemlo, a U.S.-based fintech that’s focused on mortgage loan processing, announced on Friday the launch of its new AI technology called Athena. According to Wemlo, Athena is a virtual assistant AI developed to empower and improve loan processing by identifying discrepancies within a mortgage loan… Read More

November 20, 2020 @ 10:51 am By Samantha Hurst  |  

Juni, a Sweden-based fintech startup, announced on Thursday it secured €2 million through its Seed funding round, which was led by Cherry, an early stage European venture fund. The company reported that it was created by a group of marketers and fintech entrepreneurs tired of “modern”… Read More