General News

September 16, 2020 @ 11:29 am By Samantha Hurst  |  

Global payments platform Veem announced on Wednesday it secured $31 million through its latest investment round, which was led by Truist Ventures, the corporate venture capital division of Truist Financial Corporation (NYSE: TFC) with participation from MUFG Innovation Partners, AB Ventures, Paper Excellence, and Myer… Read More

September 16, 2020 @ 10:19 am By Samantha Hurst  |  

Chipper, a U.S. social impact fintech, announced on Wednesday the launch of Explore, which is a feature designed to transform the way student loan borrowers navigate the complex repayment process after the CARES Act expires in December. According to Chipper, the feature enables borrowers to… Read More

September 16, 2020 @ 9:12 am By Samantha Hurst  |  

Xignite, a provider of market data cloud solutions for financial institutions and fintech companies, announced on Wednesday it recently enhanced its Bond Master API. Xignite offers several APIs that provide real-time, delayed, historical fixed income pricing and reference data for corporate and agency debt bonds…. Read More

September 16, 2020 @ 7:43 am By Samantha Hurst  |  

Fintech Europe, Plug and Play’s fintech-focused innovation platform based in Frankfurt, Germany, announced on Wednesday the eight startups selected for its sixth batch. Plug and Play reported that the platform has grown its partner base to 13 Financial Institutions since its inception in May 2018…. Read More

September 15, 2020 @ 11:53 pm By Omar Faridi  |  

The digital technology sector in Scotland has reportedly been growing as fast (if not faster) than that of London and the South East for the past few years. E-commerce giant Amazon is now planning to create new jobs for the residents of Dundee and Fife…. Read More

September 15, 2020 @ 7:51 pm By Omar Faridi  |  

The online or digital lending sector has been criticized for its inability to scale effectively or to be able to endure challenging environments like those created due to COVID-19. However, it now appears that overall credit quality, through online lenders, has performed better than some… Read More

September 15, 2020 @ 4:51 pm By JD Alois  |  

Varada, an Israel based data virtualization platform, has raised a $12 million Series A round of funding led by MizMaa Ventures with participation by Gefen Capital. The round also included participation from existing investors Lightspeed, StageOne Ventures and F2 Venture Capital who contributed in early… Read More

September 15, 2020 @ 3:59 pm By Samantha Hurst  |  

MoneyLion, a U.S.-based consumer digital finance platform, announced on Tuesday the launch of its new thematic investment solutions. MoneyLion reported that through thematic investing, its members may now invest in portfolios that reflect their personal preferences and interests, which includes clean energy, artificial intelligence, and… Read More

September 15, 2020 @ 3:21 pm By Samantha Hurst  |  

Global cross-border payments company WorldRemit announced on Tuesday it has launched The WorldRemit Transfer Tracker mobile App. According to WorldRemit, the app is for recipients of money transfers, which allows them to track their remittances. WorldRemit reported that the Transfer Tracker App has a “track… Read More

September 15, 2020 @ 2:03 pm By Samantha Hurst  |  

Payments platform Square announced on Tuesday the launch of two new features, On-Demand Pay for employees, and Instant Payments for employers. The company claims that the features will enable Square Payroll customers and their employees to more easily and effectively manage their cash flow. “The… Read More

September 15, 2020 @ 12:28 pm By Samantha Hurst  |  

Airwallex, an Australia-based fintech company, announced on Tuesday it has launched its card payment acceptance solution in the UK and Europe. Airwallex claims that the solution allows merchants to accept card payments around the world seamlessly and securely. The launch is notably a key part… Read More

September 15, 2020 @ 11:09 am By Samantha Hurst  |  

 Visa Canada announced on Tuesday the expansion of the “Click to Pay” feature in Canada. According to Visa Canada, the feature helps consumers make secure, swift purchases across various merchants and platforms, which is now more important than ever before given the world’s accelerated shift… Read More

September 15, 2020 @ 8:38 am By JD Alois  |  

Capco has partnered up with Inbotiqa, an alumnus of the Barclays TechStars Accelerator, Fintech focused program. The agreement focuses on Inbotiqa’s YUDOmail product and analytics tool for back office and operations teams. Capco is a technology and management consultancy dedicated to the financial services industry. Inbotiqa… Read More

September 15, 2020 @ 7:54 am By Samantha Hurst  |  

Payment processing platform Klarna announced on Tuesday it secured $650 million through its latest equity funding round, bringing its money valuation to $10.65 billion. The funding round is led by Silver Lake Founded in 2005, Klarna offers products and services to consumers and retailers within payments, social… Read More

September 14, 2020 @ 3:35 pm By Samantha Hurst  |  

Digital assets exchange OKEx announced on Monday its public chain OKChain has been renamed to OKExChain. The platform further noted it has made changes to the public chain. “OKExChain also takes the lead among exchange-developed public chains. By fully utilizing the nature of peer-to-peer networks,… Read More

September 14, 2020 @ 12:25 pm By Samantha Hurst  |  

U.S./Mexico fintech Oyster Financial recently announced secured $14 million through its latest seed funding round, which was led by Monashees and SV Latam Capital with participation from FJ Labs, Fintech Collective, Kevin Efrusy, Redpoint Ventures, S7 Ventures, and Ulu Ventures. The funding will go towards the company’s expansion into Mexico. Founded in… Read More

September 14, 2020 @ 11:40 am By Samantha Hurst  |  

Flaist, a U.S.-based fintech startup, announced on Monday the launch of its new AI tool, Eva, which helps credit unions, community, and regional banks better serve their existing customers and compete for new customers with larger financial institutions. Flaist stated it is on a mission… Read More

September 14, 2020 @ 11:15 am By Samantha Hurst  |  

KodyPay, a UK-based mobile point of sale app and payment aggregator, announced on Monday it raised £1.8 million through its latest seed funding round. Founded in 2018, KodyPay describes itself as a new mobile point of sale platform and payment aggregator, enabling businesses to perform… Read More

September 14, 2020 @ 10:11 am By Samantha Hurst  |  

Cross-border savings and investments marketplace Raisin announced on Monday it has joined forces with interactive financial resource platform Finect on competitive savings to help Spanish depositors beat low-interest rates. Raisin reported that by integrating its offers, Finect connects users to a wide range of banking… Read More

September 13, 2020 @ 10:49 pm By Omar Faridi  |  

The team at Quantum Resistant Ledger (QRL), a post-Quantum value store and decentralized communication layer, notes that there’s recently been what appears to be “another quantum leap” in the field of quantum computing. The QRL team states: “The team at @ustc potentially achieved ‘quantum supremacy’… Read More