General News

September 8, 2020 @ 7:42 am By Samantha Hurst  |  

Thunes, a global B2B cross-border payments network, announced on Tuesday it secured $60 million through its Series B funding round, which was led by Helios Investment Partners with participation from Checkout.com, GGV Capital, and Future Shape. Founded in 2016, Thunes stated its platform provides a “seamless”… Read More

September 7, 2020 @ 11:16 pm By Omar Faridi  |  

Indonesia’s Fintech Lenders Association (AFPI) has reportedly offered to help with disbursing funds that have been allocated to the country’s national economic recovery program (PEN). As first reported by the Jakarta Post, the Indonesian government has been struggling to obtain the data required to provide… Read More

September 7, 2020 @ 8:01 am By Samantha Hurst  |  

Payment processing platform Klarna announced on Monday the launch of its newly redesigned social shopping mobile app in the UK. According to Klarna, the app has been designed to meet the “shifting expectations” of consumers as they adapt from shopping in-store to online. “The app will… Read More

September 6, 2020 @ 10:30 pm By Samantha Hurst  |  

Cryptocurrency exchange Binance announced on Sunday the first project on newly launched Launchpool, which is described as a new product where uses will be able to acquire new token rewards in return for staking BNB, BUSD, and other tokens. The first project to be hosted… Read More

September 4, 2020 @ 2:19 pm By Omar Faridi  |  

A hacking group has reportedly introduced new trojan malware that aims to target Fintech service providers. The malicious scripts have been created to gain access to people’s email accounts, steal their passwords and business-related information. The malware scripts have been added to code that has… Read More

September 4, 2020 @ 1:02 pm By Samantha Hurst  |  

Mercuryo.io, an Estonia-based cryptocurrency payment processing solutions provider, has reportedly secured €2.5 million through its Seed funding round, which was led by Target Global. Founded in 2018, Mercuryo.io describes itself as a crypto wallet and BTC acquiring services for businesses. The company’s mission is to… Read More

September 4, 2020 @ 8:15 am By Samantha Hurst  |  

Hong Kong-based cryptocurrency platform Crypto.com announced on Friday it has launched a French version of its mobile and exchange. The company revealed that the debut is part of its mission of accelerating “the world’s transition to cryptocurrency.” Crypto.com also revealed that since rolling out the… Read More

September 3, 2020 @ 10:01 pm By Anthony Zeoli  |  

Its official, the “accredited investor” definition, which has not changed significantly since its enactment almost 40 years ago, has been massively upgraded. On August 26, 2020, the Securities and Exchange Commission (“SEC”) adopted final amendments to the “accredited investor” definition which fundamentally change and broaden… Read More

September 3, 2020 @ 9:38 pm By Samantha Hurst  |  

LendingUSA, a U.S.-based fintech lender that provides loans to small businesses ranging from $1000 to $35,000, announced on Thursday it secured a $200 million investment commitment from Atalaya Capital Management, a New York-based privately held investment advisory firm. As previously reported, LendingUSA specializes in point… Read More

September 3, 2020 @ 2:58 pm By Samantha Hurst  |  

Cachet, the financial services marketplace for online platform workers, announced on Thursday it secured €1.1 million through its seed funding round, which was led by Icebreaker.vc with participation from previous pre-seed stage investors like Techstars (in a follow-on investment), Barclays and Lemonade Stand as well… Read More

September 3, 2020 @ 2:33 pm By Samantha Hurst  |  

  UK-based fintech AccessFintech announced on Thursday it has extended its partnership JP Morgan to include real-time transparency to payment statuses and workflow for dividend, income, and cash wire movements. AccessFintech reported that JP Morgan’s existing solution which provides buy-side clients visibility to real-time trade… Read More

September 3, 2020 @ 11:05 am By Samantha Hurst  |  

Digital bank Revolut announced on Thursday it has reached a new milestone by signing up a total of 500,000 business customers. The company noted that the milestone demo states considerable growth of its Revolut Business since it made its debut in July 2017. Along with… Read More

September 3, 2020 @ 10:43 am By Samantha Hurst  |  

BitGo, a digital asset financial services provider, announced on Wednesday that Bitgate, a Financial Services Agency (FSA) regulated exchange based in Japan, has selected its Self-Managed Custody solution to hold Bitgate customers’ digital assets securely and meet new regulations. According to BitGo, The regulations came… Read More

September 3, 2020 @ 10:24 am By Samantha Hurst  |  

TransferMate, a cross-border B2B payments technology solution, announced on Thursday it scored a significant boost to its international footprint, securing a new payments license in Mexico. According to TransferMate, the license marks a major milestone on the platform’s global growth journey. Founded in 2008, TransferMate… Read More

September 3, 2020 @ 8:09 am By Samantha Hurst  |  

UK fintech Zilch announced on Thursday it secured $10 million through its latest funding round. Founded in 2018, Zilch offers a Buy Now Pay Later service that allows users to pay for a purchase in the course of six weeks without any fees or interest…. Read More

September 2, 2020 @ 2:42 pm By Samantha Hurst  |  

U.S.-based money experience company MX announced on Wednesday it has launched MX Open, an open finance platform that was created to help financial institutions and fintechs create a personalized digital experience that gives customer access and control over financial data. MX Open includes the following… Read More

September 2, 2020 @ 1:54 pm By Samantha Hurst  |  

Digital bank Revolut announced on Wednesday it has added Bitcoin Cash and Litecoin offerings in the U.S. According to Revolut, U.S. customers may now buy, hold, and sell Bitcoin Cash and Litecoin through its platform. You asked for it, so we delivered. We’ve added #BitcoinCash… Read More

September 2, 2020 @ 1:26 pm By Samantha Hurst  |  

Ant Group announced on Wednesday new dates for the INCLUSION Fintech Conference, which will be September 24th to 26th. The event originally was set to take place in April 2020, but due to the COVID-19 pandemic, it was put on hold. According to Ant Group,… Read More

September 2, 2020 @ 11:43 am By Samantha Hurst  |  

Amazon (NASDAQ:AMZN) has launched a new “Alexa, Pay For Gas” feature, which allows Amazon customers to purchase gas by using the Alexa app on their smartphones or Alexa-enable device in their car. The service is now available at Exxon and Mobil stations nationwide. “No need… Read More

September 2, 2020 @ 10:54 am By JD Alois  |  

Cash as a payment option continues to decline in popularity around the world due to the ongoing COVID-19 health crisis. It has long been known that cash can be a transport vehicle for germs and just very dirty in general. The Coronavirus has brought this… Read More