General News

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

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