General News

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

November 20, 2020 @ 10:24 am By Samantha Hurst  |  

  Chipper Cash, an Africa-based cross-border fintech startup, has reportedly secured $30 million through its Series B investment round, which was led by Ribbit Capital with participation from Jeff Bezos’ personal VC fund, Bezos Expeditions. This investment round comes less than six months after Chipper… Read More

November 20, 2020 @ 9:58 am By Samantha Hurst  |  

Scotiabank announced earlier this week the launch of its new artificial intellignce (AI) platform. According to the Canadian banking group, the platform provides customers with intelligent and personalized financial advice. It also enables the bank to provide what it believes to be fast, relevant advice… Read More

November 20, 2020 @ 8:20 am By Samantha Hurst  |  

Payment processing platform Klarna announced on Thursday it has reached a record 11 million customers in the U.S. Klarna reported that the latest milestone represents a 106% increase year over year and a rapid climb from the 10 million reached only three weeks before. Founded in… Read More

November 19, 2020 @ 10:45 pm By Samantha Hurst  |  

UK banking group NatWest recently announced the rollout of its Citizens Advice Service. According to NatWest, the service was created to identify and tackle the root cause of a relational, environmental, or social vulnerability, before it turns into financial difficulty. While sharing more details about… Read More

November 19, 2020 @ 10:35 pm By Samantha Hurst  |  

Mastercard (NYSE: MA) announced on Thursday it has officially completed its acquisition of Finicity, a real-time financial data and insights access provider. Mastercard previously revealed it was in talks to acquire Finicity for $825 million, with existing Finicity shareholders having the potential for an earn-out… Read More

November 19, 2020 @ 9:07 am By Omar Faridi  |  

Lloyds Bank, a British retail and commercial bank with branches across England and Wales with around £436 billion in assets, is reportedly planning to shut down 56 physical branch locations. The Lloyds Banking Group confirmed that it had been planning to close some of its… Read More

November 18, 2020 @ 11:26 pm By Omar Faridi  |  

Sugi, an app that allows users to keep track of the carbon impact of their investment portfolio, has introduced the public beta version of its platform in the United Kingdom. Sugi has been developed specifically for retail investors. It’s free to use and allows users… Read More

November 18, 2020 @ 10:17 pm By Omar Faridi  |  

JPMorgan Chase (NYSE:JPM), the largest bank in the US and sixth-largest in the world in terms of assets, is reportedly planning to enter the rapidly evolving Buy Now, Pay Later (BNPL) market. Chase revealed that it will be offering its credit card customers the option… Read More

November 18, 2020 @ 3:18 pm By Samantha Hurst  |  

Addepar, a U.S.-based wealth management platform, announced on Wednesday it secured $117 million through its Series E funding round, which was led by WestCap Group with participation from 8VC. Founded in 2009, Addepar describes itself as a wealth management platform that specializes in data aggregation, analytics,… Read More

November 18, 2020 @ 2:58 pm By Samantha Hurst  |  

Marqeta, a fintech unicorn that claims to be the first global modern card issuing platform, announced on Tuesday it has formed a global card issuing partnership with Uber. Marqeta reported that the partnership is considered a critical financial infrastructure for its global expansion. The company… Read More

November 18, 2020 @ 1:57 pm By Samantha Hurst  |  

UK-based fintech firm Nutmeg announced on Wednesday it has joined forces with JP Morgan Asset Management to launch Smart Alpha portfolios. Nutmeg reported that Smart Alpha portfolios are underpinned by the duo’s shared commitment to sustainable investing.  “Today, Nutmeg and J.P. Morgan Asset Management have joined forces to create a truly pioneering product that… Read More

November 18, 2020 @ 1:23 pm By Samantha Hurst  |  

Global payments platform Veem announced on Wednesday the launch of its latest product, Veem Check. According to Veem, U.S.-based users can now issue all of their domestic payments, which include online, check, or Instant Deposit, within minutes on the Veem platform.  “As small-to-midsize businesses continue… Read More

November 18, 2020 @ 11:22 am By JD Alois  |  

Deloitte has released its annual list of the fastest-growing firms in North America. The 26th year of the list, The North America Technology Fast 500 is an annual ranking of companies in the technology, media, telecommunications, life sciences, Fintech and energy tech sectors. Of the… Read More

November 18, 2020 @ 9:05 am By Samantha Hurst  |  

Sezzle, Inc. (ASX: SZL), a U.S.-based installment payments platform, announced on Wednesday it has formed a new partnership with global e-commerce platform, Wix. Sezzle reported that the collaboration will bring its “Buy Now, Pay Later” option to Wix’s massive roster of businesses and online stores… Read More

November 18, 2020 @ 8:11 am By JD Alois  |  

An Israel based venture fund, Maniv Mobility LP, has led a $3.8 million seed round investment in Fenix, a micro-mobility venture focused on the Middle East. According to Maniv Mobility, this is the first investment by an Israeli venture capital fund in a UAE-based tech… Read More

November 18, 2020 @ 7:44 am By Omar Faridi  |  

Bdeo, an established Insurtech firm with offices in Spain and Latin America, has finalized a Series A investment round valued at €5 million. Bdeo’s latest round was led by BlackFin, a European investment company that’s focused on the financial services sector. Existing investors K Fund… Read More

November 17, 2020 @ 9:35 pm By Omar Faridi  |  

Brazil’s reserve bank has launched its PIX instant payments platform and has also noted that WhatsApp might soon be allowed to reintroduce its peer to peer (P2P) payments service in the South American country. PIX allows local residents, companies, and government agencies to carry out… Read More

November 17, 2020 @ 1:55 pm By Samantha Hurst  |  

Mastercard announced on Tuesday it will extend the Google Pay service to cardholders across Austria, Bulgaria, Estonia, Greece, Hungary, Latvia, Lithuania, Netherlands, Portugal, and Romania together with its issuing partners. Mastercard reported that with Google Pay, users with eligible Android devices will be able to… Read More

November 17, 2020 @ 11:51 am By Samantha Hurst  |  

Canadian fintech Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) announced on Tuesday it has reached a definitive agreement to acquire Carta Solutions Holding Corporation, also known as Carta Worldwide. According to Mogo, Carta is a next-gen digital payments solution and through the acquisition, Mogo will be expanding into… Read More