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We find Fintech news from around the world and share it with you here.

Card Industry Professionals Acquired by Fintech Shift4

Card Industry Professionals – the Grimsby-based card payment solutions provider – has been acquired by Shift4, a US-based firm that is a global enabler of payments and commerce-enabling technology, listed on the New York Stock Exchange (NYSE:FOUR). The deal provides an exit for Mercia Ventures,… Read More

eBay and Klarna to Bring Buy Now Pay Later (BNPL) to New European Markets

eBay and Klarna, the AI-powered global payments network and shopping assistant, have announced the expansion of their partnership to key European markets making Klarna’s Buy Now Pay Later (BNPL) payment options available to more eBay shoppers. The move gives eBay buyers more flexibility in how… Read More

Prosper Acquires Over 7,000 ASIC Miners from BITMAIN

Decentralized Bitcoin mining protocol Prosper has acquired over 7,000 ASIC miners from BITMAIN and completed a strategic funding round backed by Metalpha, Waterdrip Capital, BIT Mining, and Animoca Brands, according to an announcement. The acquisitions and funding aim to expand Prosper’s institutional-grade Bitcoin hashrate capacity… Read More

Lithuanian Fintech Torus Receives Investment from Goose Valley Ventures

Goose Valley Ventures (GVV), a FinTech-focused VC firm supporting  startups in the Nordic and Baltic regions, is pleased to announce its investment in Lithuanian FinTech Torus, an SaaS intelligence platform for banks and paytechs. With this investment, GVV underscores its commitment to backing startups that… Read More

40Seas Announces China-Focused Partnership Solution

40Seas, a platform addressing trade finance and global accounts receivable management for SMEs, recently announced a new strategic partnership initiative geared towards alleviating the complexities of importing goods from China. The company has partnered with some sourcing agencies and e-commerce fulfillment platforms, including JingSourcing, Portless, NextSmartShip,… Read More

Mesh Payments, SoFi Bank, Galileo Enable Innovation In Travel and Expense Management

Mesh Payments, an innovator in global travel and expense management, has joined forces with SoFi Bank as its sponsor bank and with Galileo Financial Technologies, a financial technology company owned by SoFi Technologies, Inc. (NASDAQ: SOFI) as its longtime payments processor. This partnership integrates Mesh… Read More

Identity and Fraudulent Activities Report Reveals Growth in Highly Personalized GenAI-Driven Fraud Attacks

Experian announced its 2024 Global Identity & Fraud Report that provides a view of the consumer and business response to the fraud patterns and fraud‑mitigation strategies in the financial services sector. The research study offers meaningful insights from more businesses and fraud prevention professionals, as… Read More

Ireland’s Research, Development & Innovation Sector Continues to Drive Growth and Employment – Report

Ireland’s Research, Development & Innovation (RDI) sector continues to drive growth and employment, but without funding it risks dependence on foreign technology and diminishing competitiveness, according to the Ireland’s Innovation Index Pulse Survey, which surveyed more than 500 Irish firms. IRDG and KPMG conducted Ireland’s… Read More

Insurtech CyberCube Partners with Canada’s St. Andrews Insurance Brokers

CyberCube is pleased to announce a new partnership with St. Andrews Insurance Brokers, a retail brokerage based in Canada, to utilize CyberCube’s Broking Manager. This partnership will allow St. Andrews to model businesses’ potential cyber losses, allowing them to “protect their clients and win new… Read More

1.9 Million Belgians Do Not Use Online Banking as Bank Closures Rise

Around 16% of Belgium’s population, or 1.9 million people, do not use online banking, according to a report published on Friday by the non-profit organisation Financité. The report highlights concerns about the impact of bank closures on those who are not digitally connected, particularly the… Read More

Digital Assets Custody Provider Copper Teams Up with Astro Labs

Copper, an enabler of digital asset custody, collateral management, and prime services, is announcing a partnership with Astro Labs, a financial infrastructure firm with a cross-chain bridge and stablecoin built on Arweave and aoComputer (AO) ecosystem. Through this partnership with Astro, Copper’s MPC tech will… Read More

Brazil’s Digital Banking Platform Nubank Leverages AI to Scale Pix Operations

Nubank (NYSE: NU) is expanding Pix using generative artificial intelligence, both on its app and via WhatsApp. More customers can transfer money by giving commands using audio, text, and image messages, “ensuring convenience, speed, alongside a smoother experience and safety.” Pix with AI in the… Read More

France’s AMF Encourages Financial Institutions to Improve Transparency of Taxonomy Reporting

Faced with “dense” and complex information, the AMF in France is encouraging financial institutions to continue their efforts to “improve the transparency of their Taxonomy reporting.” In a report covering the first alignment reporting of seven French banks and insurers, the Autorité des Marchés Financiers… Read More

Stablecoins Are Becoming Vital Part of Web3 and Broader Financial Ecosystem – Report

Many more people are now wondering whether stablecoins (or digital tokens backed with fiat currencies 1-to-1 like the US dollar) truly open “remarkable conditions” to enable business onchain? According to a recent update, the answer to this pressing question is yes. However, where lies their… Read More

Kuady Strengthens Latin American Presence with Ecuador and Virtual Prepaid Mastercard in Argentina Launch

Kuady, a payments service processor, announced key updates in its Latin American expansion, with the launch of its digital wallet services in Ecuador and the roll-out of its virtual prepaid Mastercard in Argentina. These developments underscore Kuady’s commitment to driving financial inclusion and delivering payment… Read More

Avalanche Announces $250M Locked-Token Sale Led by Galaxy Digital, Dragonfly, ParaFi Capital

Avalanche announces a $250 million locked-token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital. More than 40 investment companies reportedly participated, including the following: SkyBridge, SCB Limited, Hivemind, Big Brain Holdings, Hypersphere, Lvna Capital, Republic Capital, Morgan Creek Digital, FinTech Collective, CMCC Global, Superscrypt,… Read More

European Digital Bank N26 Adds Ready-Made Funds to Investment Offering

N26 announced the launch of Ready-Made Funds, a new offering added to its existing Stocks & ETFs trading product designed to make investing more accessible. Ready-Made Funds allow customers to select a “multi-asset portfolio made up of Exchange-Traded Funds (ETFs) and Index Funds, managed by… Read More

Upvest, an Investment Infrastructure Provider, Reports €100 Million Series C Round

Upvest, a European investment infrastructure provider, has raised a €100 million Series C funding round. The funding round was led by Hedosophia and joined by Sapphire Ventures. Existing investors also participated, including the following: Bessemer Venture Partners, BlackRock, Earlybird, HV Capital, Motive Ventures, and Notion Capital. The… Read More

London Stock Exchange Group (LSEG) Divests Stake in Euroclear

London Stock Exchange Group plc (LSEG) announces that it has completed the divestment of its 4.92% stake in Euroclear’s share capital to TCorp, for a “total consideration of €455 million.” TCorp is the financial services partner of the New South Wales government. J.P. Morgan and… Read More

Nearly 1 in 2 New Unicorns Is an AI Company – Research Report

Nearly 1 in 2 new unicorns is an AI company, according to an extensive update from CBInsights. CBInsights has reportedly examined every billion-dollar startup around the globe and breaks down what they think are emerging “areas of opportunity.” As noted in the research report from… Read More

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