General News

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

August 24, 2020 @ 3:56 pm By Samantha Hurst  |  

Bank of Ireland announced on Monday it has launched Google Pay for all customers. According to the banking group, customers are now able to add personal debit, credit cards, and business debit cards to the payment method’s digital wallet. While sharing more details about the… Read More

August 24, 2020 @ 2:22 pm By Samantha Hurst  |  

U.S. digital bank Radius Bank announced on Monday it has formed a partnership with cross-border solutions provider Currencycloud to offer Radius clients to send money to more than 180 countries around the world. Radius Bank reported that it is using Currencycloud’s APIs to send outgoing… Read More

August 24, 2020 @ 1:01 pm By Samantha Hurst  |  

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Monday it has formed four mobile wallet and fintech partnerships that will give MoneyGram access to mobile wallets in nearly 30 markets in Africa. The partnerships are with the following: Airtel, A provider of telecommunication and… Read More

August 24, 2020 @ 11:35 am By Samantha Hurst  |  

Cross River, a bank that delivers advanced financial and compliance products/services to the fintech industry, recently announced the closing of its $106 million private placement of subordinated notes. According to Cross River, the Notes have a maturity date of September 1, 2030, and carry a… Read More

August 24, 2020 @ 11:26 am By JD Alois  |  

Manatt, Phelps & Phillips, LLP, a law firm that is active in the Fintech sector, has announced several new hires to boost its Fintech practice. According to a note from the firm, corporate partner Marc Boiron and litigation partner Rebecca Rettig have joined Manatt’s financial services… Read More

August 24, 2020 @ 10:44 am By Samantha Hurst  |  

Open Payments, a Sweden-based fintech, announced on Monday it secured €3 million through its seed funding round, which was led by Industrifonden, with participation from existing investors Brightly Ventures, Luminar Ventures, and angel investors. Founded in 2017, Open Payments states it provides the groundbreaking market… Read More

August 24, 2020 @ 9:19 am By Samantha Hurst  |  

  UK digital banking group Tandem has acquired “green” lender Allium for  £60 million, Mortgage Finance Gazette reports.  According to the media outlet, Tandem purchased the Allium platform to boost its environmental credentials. Allium notably has a very “clear” focus on lending to improve homes… Read More

August 23, 2020 @ 10:59 pm By Samantha Hurst  |  

JPMorgan Chase, the largest bank in the US and sixth-largest in the world in terms of assets, is planning to launch a UK challenger bank in the first quarter of 2021, Sky News recently reported. The media outlet revealed that the launch is considered a… Read More

August 23, 2020 @ 10:28 pm By Samantha Hurst  |  

Envestnet, Inc. (NYSE: ENV), a provider of intelligent systems for wealth management and financial wellness, recently announced the closing of its offering of $517.5 million aggregate principal amount of 0.75% convertible notes due 2025. According to Envestnet, the Notes were sold in a private offering to qualified… Read More