General News

October 31, 2020 @ 12:47 pm By Omar Faridi  |  

Bill Scannell, President, Global Sales & Customer Operations, Dell Technologies (NYSE:DELL), explains how companies across the globe are adjusting to working in the “new normal” environment following the COVID-19 outbreak. He writes in a blog post that Brazil-based retailer Grupo Boticario had to address a… Read More

October 30, 2020 @ 2:53 pm By Omar Faridi  |  

Transcend, a US-based firm that focuses on de-risking collateral decision-making, has managed to close an oversubscribed $10 million Series A investment round that was led by Nyca Partners. Transcend’s management noted that the company has seen significant growth as collateralized ventures or businesses look for… Read More

October 30, 2020 @ 9:05 am By Samantha Hurst  |  

Deutsche Bank announced on Friday it has named Nuggets as the winner of the 2020 Female FinTech Competition. Deutsche Bank noted that it ran the competition alongside Atos, Google Cloud, and TechQuartier. The competition invited fintech companies with a female founder or female(s) in the… Read More

October 30, 2020 @ 8:31 am By Samantha Hurst  |  

  Afterpay, a digital platform that offers interest-free installment plans for online purchases, is continuing its expansion efforts by launching a savings account and cash flow tools in Australia. The latest expansion comes just a couple of months after Afterpay announced its expansion into Canada…. Read More

October 29, 2020 @ 9:04 pm By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) has posted a “preview” of the upcoming Hong Kong Fintech Week 2020 that is scheduled to take place next week. Supported by the HKMA, the event is described as the city’s “flagship Fintech event.” Like many other conferences, the… Read More

October 29, 2020 @ 2:22 pm By JD Alois  |  

Norway is experiencing solid growth in online capital formation in spite of the ongoing epidemic, similar to what has been reported in some other markets. According to a tweet by Rotem Shneor, a well-known researcher in the crowdfunding sector. Shneor is an Associate Professor at… Read More

October 29, 2020 @ 9:31 am By Samantha Hurst  |  

Barclays announced earlier this week it is launching a 12-week virtual accelerator program that is designed to help early-stage tech businesses, founded by one or more black entrepreneurs. Barclays reported that the program, which is in partnership with social enterprise Foundervine, was created in order to… Read More

October 29, 2020 @ 8:18 am By JD Alois  |  

Draper Esprit (LSE: GROW, Euronext Growth: GRW), a venture capital firm that invests in a variety of digital businesses including Fintechs, has posted a mid-year update regarding its portfolio ahead of results scheduled for release on November 30, 2020. According to Draper Esprit, it has… Read More

October 29, 2020 @ 7:53 am By Omar Faridi  |  

Caitlin Long, Founder and CEO at Avanti Financial Group, has confirmed that Avanti is now officially a bank. Long noted that the company’s charter and business plan were “approved 8-0” today (October 28, 2020), including Avit, a tokenized US dollar that the company will issue… Read More

October 28, 2020 @ 5:46 pm By Omar Faridi  |  

Singtel, one of Singapore’s largest telecommunications companies, is now progressing with its initiative to launch a digital bank with the help of the Grab, a multinational ride-hailing service provider. Sachin Mittal, analyst at Singapore’s DBS Bank, said that the joint initiative seems like “a strong… Read More

October 28, 2020 @ 3:22 pm By Samantha Hurst  |  

  U.S. fintech Brex announced on Tuesday it has introduced new features tailored to solving the cash flow pain points of growing e-commerce businesses. According to Brex, the launch of instant payouts and e-commerce-specific rewards alleviate growth barriers faced by e-commerce companies and furthers the company’s… Read More

October 28, 2020 @ 1:38 pm By Samantha Hurst  |  

  UNest, a U.S.-based mobile app that helps parents invest in their children’s future financial wellness, announced on Wednesday the launch of its UNest Investment Account. According to UNest, the account is a tax-advantaged custodial account that enables parents to save for more than just… Read More

October 28, 2020 @ 8:30 am By Samantha Hurst  |  

UK banking group NatWest announced on Wednesday it has introduced a 48-hour delay gambling block. According to NatWest, the measure on debit cards will allow customers to take further control of their spending. “During lockdown, NatWest saw a decline in gambling transactions. As restrictions have… Read More

October 27, 2020 @ 11:18 pm By Omar Faridi  |  

Abdulaziz Bin Nasser Al Khalifa, the CEO at Qatar Development Bank (QDB), which offers financial services, banking, and loans to support the development of the nation’s economy, has said that changing mindsets regarding entrepreneurship is “critical to growth.” QDB plans to help both government employees… Read More

October 27, 2020 @ 3:54 pm By Samantha Hurst  |  

Jassby, Inc., a U.S.-based family finance mobile app startup, announced on Tuesday it has teamed up with Mastercard to introduce a virtual debit card specifically for children. The card’s announcement comes just a little over six months after Jassby raised $5 million through its recent… Read More

October 27, 2020 @ 3:40 pm By Samantha Hurst  |  

  Rapyd, a global B2B Fintech as a Service provider, announced on Tuesday it has extended its Asia-Pacific footprint by launching its “all-in-one” payment capabilities in South Korea. Rapyd teamed up with Korean payment service providers KCP, PayLetter, and others to provide access to South… Read More

October 27, 2020 @ 2:43 pm By Samantha Hurst  |  

Nium, a global financial technology infrastructure platform, announced on Tuesday it is expanding its services into Africa. According to Nium, the expansion will be led by newly appointed executive Dana Nino (Senior Vice President for Global Growth, Customer Success, and Partnerships) and will be supported… Read More

October 27, 2020 @ 2:09 pm By Samantha Hurst  |  

OpenPayd, a UK-based API-led banking-as-a-Service provider, announced on Tuesday the launch of its new FX-as-a-Service product, InstantFX. According to OpenPayd, InstantFX provides clients with real-time trading. “Our unique platform provides the FX experience of the future, delivered via a world-class API built by developers, for… Read More

October 27, 2020 @ 12:36 pm By Samantha Hurst  |  

European fintech Viva Wallet announced on Tuesday it is bringing Google Pay to its customers in 11 countries. According to Viva Wallet, customers who use Android smartphones can now simply download the Google Pay app and add their Viva Wallet Mastercard card. “Once they have… Read More

October 27, 2020 @ 12:22 pm By Samantha Hurst  |  

Digital brokerage solution provider DriveWealth announced on Tuesday it secured $56.7 million through its Series C funding round, which was led by Point72 Ventures with participation from Raptor Group, SBI Holdings, Inc., and Route 66 Ventures, LLC. DriveWealth also revealed it welcomed two new investors,… Read More