Global

June 12, 2022 @ 10:01 pm By Omar Faridi  |  

Nexi, the European Paytech, and Zuora, the Cloud-enabled subscription management platform provider, announced a partnership in the e-commerce sector: XPay, the gateway of Nexi for e-commerce, is now powered by payment services from Zuora. With Zuora, which powers the “full” quote to cash and revenue… Read More

June 12, 2022 @ 8:59 pm By Omar Faridi  |  

Stanchion Payment Solutions has completed HSM migration for one of Israel’s top three banking institutions. The bank has reportedly “migrated from ARX hardware security modules (HSMs) to Futurex HSMs.” HSMs power the bank’s secure payments environments “such as managing the cryptographic key exchange for the… Read More

June 12, 2022 @ 5:49 pm By Omar Faridi  |  

Mambu, the cloud banking platform, has partnered with Western Union, a global “leader” in cross-border, cross-currency money movement and payments, in order to integrate its solution “into the latter’s next-generation real-time multi-currency digital wallet and digital banking platform in Europe.” Mambu will “enable Western Union… Read More

June 12, 2022 @ 2:48 pm By Omar Faridi  |  

Mastercard (NYSE: MA) recently noted that they believe the process of purchasing an NFT needs to be made a lot easier and safer. When that happens, customers get the things they want “with less stress and uncertainty,” according to Mastercard. For NFT creators, these changes… Read More

June 12, 2022 @ 2:46 pm By Omar Faridi  |  

wefox, the Berlin-headquartered digital insurance firm, has appointed Hanna Jacobsson to the Board. Jacobsson will be serving as a Non-Executive Director with immediate effect. Julian Teicke, CEO and Founder of wefox stated: “As we continue to double our revenues and maintain our focus on growth… Read More

June 12, 2022 @ 2:44 pm By Omar Faridi  |  

Ledgible, the professional-first crypto tax and accounting platform, recently announced $20 million in funding for its Series A Round led by EJF Capital LLC through its affiliate, the EJF Silvergate Ventures Fund. Joining the investment round are JAM FINTOP, Thomson Reuters Ventures, TTV Capital, Fenbushi… Read More

June 11, 2022 @ 5:40 pm By Omar Faridi  |  

  Silicon Valley Bank, the financial partner of the innovation economy, has provided a $22.5 million debt financing package to Keepit in partnership with Vaekstfonden. The funds should help with supporting further global expansion, hiring, and product development as it continues to scale operations and… Read More

June 11, 2022 @ 5:05 pm By JD Alois  |  

  loveelectric.cars has received over £1 million in seed funding along with a Scottish EDGE prize. The Edinburgh-based Fintech provides low cost leased electric company cars. The cost of leasing through loveelectric.cars is said to be around 50% less than if the car were leased… Read More

June 11, 2022 @ 4:55 pm By JD Alois  |  

creditshelf, an online lender providing access to capital for SMEs in Germany, has boosted its forward guidance slightly. Last quarter, creditshelf reported a 10% increase in lending volume and revenue growth of 43% or € 2,366,000 in the first quarter of 2022 vs the prior-year… Read More

June 11, 2022 @ 1:59 pm By Omar Faridi  |  

Cashplus Bank, the Fintech bank for UK-based small businesses, recently revealed that it has become the first UK bank to introduce a Mastercard-powered Digital Health Check tool for SMEs. The Digital Health Check, which will reportedly be available to the public for free, offers a… Read More

June 10, 2022 @ 8:11 pm By JD Alois  |  

YAS MicroInsurance (YAS) and Amodo have partnered to deliver insurance on-chain, according to a company statement. YAS is an Asia-Pacific Insurtech that is combining blockchain technology and insurance. Amodo is a telematics company providing on-demand insurance that is hyper-localized and usage-based insurance. The two firms… Read More

June 10, 2022 @ 5:14 pm By Omar Faridi  |  

Payment orchestration provider BR-DGE has teamed up with Fintech firm Trust Payments in order to offer its merchants access to Trust Payments’ suite of Converged Commerce offerings. The partnership should allow BR-DGE clients to access Trust Payments’ tech, which includes a comprehensive payments platform, risk… Read More

June 10, 2022 @ 3:07 pm By JD Alois  |  

Serai, an HSBC-founded venture based in Hong Kong that offered a B2B supply-chain platform, has shut down. The move was foreshadowed in an executive change last month when Vivek Ramachandran, formerly CEO of Seria, was appointed as Head of Global Trade and Receivables Finance (GTRF)… Read More

June 10, 2022 @ 2:50 pm By Omar Faridi  |  

Instant payments are at “the top” of P27’s agenda. And more than a dozen banks connected to Swedish instant payments solution Swish are “set to test the Nordic payments platform by the end of the year.” Customer Relations Director Jacob Groth said: “We’re doing everything… Read More

June 10, 2022 @ 11:53 am By Omar Faridi  |  

On the margins of the Ninth Summit of the Americas, DFC and Mastercard (NYSE: MA) announced the first joint program in response to the Call to Action for Northern Central America the Vice President launched in May 2021. The Call to Action is designed “to… Read More

June 10, 2022 @ 10:45 am By Omar Faridi  |  

HSBC recently revealed that it is offering the Oxford Fintech Program to staff, “in first partnership of its kind between the University and the banking sector.” One of Europe’s biggest banks, HSBC, is joining forces with Saïd Business School, University of Oxford, “to help train… Read More

June 10, 2022 @ 9:38 am By Omar Faridi  |  

Backbase, creator of the “category-leading” Engagement Banking Platform, raised €120 million in growth equity funding from Motive Partners. Having grown organically to over €200 million in revenue, Backbase is now partnering “with a Fintech specialist private equity firm, to further strengthen its claim on the… Read More

June 10, 2022 @ 9:33 am By JD Alois  |  

  Proportunity, a mortgage enabler for home buyers, is planning to raise growth capital on Seedrs. Proportunity is an interesting financing platform as it provides part of the capital needed to purchase a home. As prices rise along with inflation, Proportunity can provide an alternative… Read More

June 10, 2022 @ 8:28 am By JD Alois  |  

Crowdcube, one of the largest investment crowdfunding platforms in Europe, has shared some insight into May’s platform performance. In a Tweet, Crowdcube reported that 27,265 investors committed over £28 million during the month. Moneybox topped the list of investments garnering 15,461 investors contributing almost £6.4… Read More

June 10, 2022 @ 7:56 am By Omar Faridi  |  

LiquidX, the global fintech platform for digitization, monetization, and risk mitigation for working capital, trade finance, and insurance assets, announced a strategic investment from Citi (NYSE: C), one of the largest trade finance banks. The funding round was “led by Broadridge, LiquidX’s largest strategic investor.”… Read More