General News

August 27, 2020 @ 2:56 pm By Samantha Hurst  |  

Payment processing platform Klarna announced on Thursday it has added one million new consumers in the U.S. in just three months.  The company reported it has also seen strong growth momentum in its retail partnerships in the US, which have grown by more than 158% year… Read More

August 27, 2020 @ 11:40 am By Omar Faridi  |  

Fintech company Affirm, which aims to offer a more flexible and transparent way to make digital payments, revealed on August 26, 2020 that it has teamed up with David’s Bridal, a US-based bridal and special occasion authority. Affirm and David’s Bridal are allowing qualified or… Read More

August 27, 2020 @ 9:14 am By Samantha Hurst  |  

Neon, a Switzerland-based challenger banking startup, announced on Wednesday it scored €4.6 million through its latest investment round, which was supported by the existing investors, including Backbone Ventures, TX Group, the Schwyzer Kantonalbank innovation foundation and the “Höhle der Löwen” investors Roland Brack and Bettina… Read More

August 27, 2020 @ 8:17 am By Samantha Hurst  |  

GRID, an Iceland-based  Software-as-a-Service (SaaS) platform, announced on Wednesday it raised $12 million through its Series A funding round, which was led by New Enterprise Associates (NEA), with participation from existing investors BlueYard Capital, Slack Fund, Acequia Capital and other strategic partners. Founded in 2018,… Read More

August 26, 2020 @ 2:44 pm By Samantha Hurst  |  

Trustly, a Sweden-based online banking payments platform, announced on Wednesday it has expanded its services to Australia and Canada. Founded in 2008, Trustly claims its account-to-account network bypasses the card networks, letting consumers make fast, simple, and secure payments to merchants directly from their online… Read More

August 26, 2020 @ 2:20 pm By Samantha Hurst  |  

Remitly, a U.S.-based online money transfer service for immigrants, announced on Wednesday the expansion of its mobile wallet network, which now reaches over 300 million mobile wallet holders across the globe. According to Remitly, this more than doubling its reach from 160 million earlier this… Read More

August 26, 2020 @ 1:50 pm By Samantha Hurst  |  

Just six months after announcing it secured $35 million through its Series B funding round, payments infrastructure platform Finix announced it has extended the funding round and raised a total of $75 million. Sequoia Capital led the round, with participation from Acrew Capital, Bain Capital… Read More

August 26, 2020 @ 1:31 pm By Samantha Hurst  |  

Afterpay, a digital platform that offers interest-free installment plans for online purchases, announced on Wednesday it is offering its services to consumers and merchants in the Canadian market through its new partnerships with various brands and retailers, including American Eagle, Ardene, BikeExchange, Dermalogica, FragranceX.com, Herschel Supply… Read More

August 26, 2020 @ 1:15 pm By Samantha Hurst  |  

Esusu, a U.S.-based fintech that is helping individuals save money and build credit, announced on Wednesday it secured $2.3 million in seed extension bringing total capital raised to $4 million. Participating investors in the investment round included Acumen Fund, Concrete Rose Capital, Global Good Fund, Impact America Fund, Next… Read More

August 26, 2020 @ 10:35 am By Samantha Hurst  |  

  Plastiq, a U.S.-based intelligent payments solution for small business, announced on Wednesday its card acceptance product, Plastiq Accept is now live and available to the public. According to Plastiq, Plastiq Accept’s enhanced payment acceptance features help businesses get paid faster and more reliably. The… Read More

August 26, 2020 @ 10:16 am By Samantha Hurst  |  

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Wednesday it has formed a partnership with global payments network Thunes to enable customers to send money directly to mobile wallets and bank accounts globally through its platform. According to MoneyGram, the collaboration will see additional… Read More

August 26, 2020 @ 8:15 am By Samantha Hurst  |  

Qube Money, a U.S.-based fintech, announced on Tuesday it has integrated with Plaid to help improve budgeting for its customers.  Qube Money revealed that it creates secure, real-time connectivity between someone’s money and the Qube budgeting app. “Qube’s mission is to align people’s use of… Read More

August 26, 2020 @ 7:27 am By Omar Faridi  |  

Our attitude or approach towards cryptocurrency investments are determined by our understanding or knowledge of basic financial concepts (financial literacy) and our ability to assess the potential risks involved with investing in Bitcoin (BTC) and other digital assets. This, according to researchers Georgios Panos and… Read More

August 25, 2020 @ 3:36 pm By Samantha Hurst  |  

Xero (ASX: XRO), a global small business platform, announced on Monday it has acquired cloud-based invoice lending platform, Waddle. According to Xero, Waddle helps connect small businesses to invoice finance, a form of secured lending that relies on a business’s unpaid invoices. Founded in 2014,… Read More

August 25, 2020 @ 3:24 pm By Samantha Hurst  |  

Copper Banking, a U.S.-based digital bank for teens, announced on Tuesday it secured $4.3 million through its latest seed funding round, which was led by PSL Ventures with participation from Jack Brody, of Snap Inc and Mana Ventures and Western Technology Investment. Founded in 2019,… Read More

August 25, 2020 @ 2:14 pm By Samantha Hurst  |  

Global cross-border payments company WorldRemit announced on Tuesday it has agreed to acquire Sendwave, an app-based remittance company. According to WorldRemit, Sendwave has built a leading and rapidly growing digital remittance service to East and West Africa, and this summer added Bangladesh, which is its… Read More

August 25, 2020 @ 2:01 pm By Samantha Hurst  |  

JCB, a Japan-based global payment brand, announced on Monday it has extended its partnership with cloud-based digital payments provider Viva Wallet in Europe. The partnership will reportedly enable contact and contactless payment between Viva Wallet’s European merchants and JCB’s 140 million cardmembers through face-to-face and… Read More

August 25, 2020 @ 12:51 pm By Samantha Hurst  |  

PaySafeCard, an Austria-based fintech that is part of the Paysafe Group, announced on Tuesday it has launched its services in Mexico. As previously reported, PaySafeCard claims it has become a global market leader in online prepaid payment methods and part of the portfolio of payment… Read More

August 25, 2020 @ 11:02 am By Samantha Hurst  |  

Artis Technologies, a U.S.-based fintech that provides lending solutions for businesses, announced on Tuesday it raised $1.5 million through its Seed funding round from Fintech Ventures Fund and its affiliates. Founded earlier this year, Artis Technologies claims it powers modern lending solutions for businesses to… Read More

August 25, 2020 @ 8:40 am By Samantha Hurst  |  

FinVolution Group, a China-based fintech that connects underserved individual borrowers with financial institutions, announced on Tuesday its new share repurchase program. whereby the Company is authorized to repurchase its own Class A ordinary shares in the form of American depositary shares (ADS) with an aggregate… Read More