Global

October 19, 2021 @ 3:36 pm By Omar Faridi  |  

Cybersource, a Visa solution, and Ebanx, an international payments Fintech that is focused on  Latin American (LatAm) markets, have entered into a partnership for handling payments in Brazil. Cybersource’s customers across the globe will have access to EBANX‘s payment services for  Brazil, and provide their… Read More

October 19, 2021 @ 12:00 pm By JD Alois  |  

Buy now, pay later (BNPL) is a red hot sector of Fintech. Combine this with banking as a service (BaaS) and you see two dominant trends in the transition from legacy banks to Fintech everywhere with embedded services and on-demand finance. Research and Markets predicts… Read More

October 19, 2021 @ 10:25 am By Omar Faridi  |  

Silver Lake, an international firm focused on technology investing, and Intercontinental Exchange (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, announced an agreement in which Silver Lake will “make a long-term strategic investment in Euroclear Holding SA/NV by acquiring ICE’s 9.85% stake… Read More

October 19, 2021 @ 9:41 am By Omar Faridi  |  

Mastercard (NYSE: MA) and Previse announced on October 18, 2021 the integration of Mastercard Cross-Border Services – an international push payments platform that allows funds to be sent seamlessly, securely and with “certainty” to any account – into Previse’s InstantPay platform. The collaboration will “enable… Read More

October 19, 2021 @ 8:51 am By Omar Faridi  |  

FIBR, the connected virtual banking platform, has launched so that it can serve European SMEs, by combining the stability of a bank with the agility and technology of a Fintech service provider. Based in the Netherlands, FIBR is focused on lending to European SMEs. The… Read More

October 19, 2021 @ 8:47 am By JD Alois  |  

Insurtech firm BondAval has raised a $7 million seed round led by UK-based venture fund Octopus Ventures. Bondval also received the backing of Expa, along with support from existing investors Insurtech Gateway and TrueSight Ventures and several entrepreneurs, including Tom Blomfield (Monzo and GoCardless), Charlie… Read More

October 19, 2021 @ 8:15 am By JD Alois  |  

Following a Series A funding round of $20 million last year, payments Fintech Primer has closed on a Series B funding round of $50 million. According to a note from the company, Primer received a valuation of $425 million. ICONIQ Growth led the funding with… Read More

October 19, 2021 @ 8:02 am By Omar Faridi  |  

James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes in a blog post published on Monday (October 18) that for the week ending October 15,… Read More

October 19, 2021 @ 7:35 am By Omar Faridi  |  

GoHenry, a pioneer in kids’ debit cards, money management, and financial education, has introduced Money Missions, which aims to accelerate the firm’s ambitions to bridge the gap in early financial literacy for Gen Z and Gen Alpha “with a gamified educational experience integrated into the… Read More

October 19, 2021 @ 2:43 am By Omar Faridi  |  

Etcho, which wants to empower and motivate anyone to “tailor their investments in a way that matters uniquely to them,” has raised 113% (£198,719) of its £175,000 target from 174 investors via Crowdcube (at the time of writing). There are currently 25 days left in… Read More

October 18, 2021 @ 9:23 pm By Omar Faridi  |  

The team at digital assets firm Binance notes that they are pleased to confirm the appointment of Mark McGinness, former Head of International Relations at the Dubai Financial Services Authority (DFSA). Mark joins Binance as its Chief Regulatory Liaison Officer, the announcement revealed. Binance CEO… Read More

October 18, 2021 @ 7:13 pm By JD Alois  |  

Zopa, a digital bank that started as a peer-to-peer lender, has raised $300 million (£220 million) in a funding round that reportedly gives the Fintech a $1 billion valuation. The deal is currently in the process of receiving regulatory approvals from UK regulators.  JP Morgan… Read More

October 18, 2021 @ 2:40 pm By Omar Faridi  |  

Plaid and The Harris Poll have released a report, titled The Fintech Effect: Fintech’s Mass Adoption Moment. The report noted that as Fintech adoption approaches “parity” with traditional banking (95% of consumers are banked), it’s also become the main way that most consumers manage their… Read More

October 18, 2021 @ 12:42 pm By Omar Faridi  |  

Laurel Powers-Freeling has reportedly joined saving and investing app provider, Moneybox, as an “independent” and non-executive chairperson. Powers-Freeling will aim to offer strategic counsel and governance oversight across key aspects of the business which currently offers services to over 700,000 clients and earlier this year… Read More

October 18, 2021 @ 11:37 am By Omar Faridi  |  

At the beginning of October 2021, Debitum, a Lithuania-based financing platform, had reportedly asked Cubefunder to repay all the invested amounts and earned interest to their investors. On October 8, 2021, all final payments “were made,” the Debitum team confirmed in a blog post. Therefore,… Read More

October 18, 2021 @ 10:55 am By Omar Faridi  |  

BearingPoint Regtech is now doing business under the name Regnology. As noted in a release, the name stands for the firm’s Core business: Regulatory Technology. The change of name is “a logical step after BearingPoint Group sold the RegTech business to the private equity firm… Read More

October 18, 2021 @ 10:05 am By JD Alois  |  

Digital banking continues to be a hot sector of Fintech as Germany-based N26 has announced a $900 million “record-breaking” funding round at a whopping $9+ billion valuation. The capital infusion was led by Third Point Ventures and Coatue Management, with Dragoneer Investment Group joining as… Read More

October 18, 2021 @ 9:37 am By Omar Faridi  |  

Credit Kudos, the Open Banking credit reference agency, has introduced Signal, which aims to serve as an accurate, explainable Open Banking credit score in order to assist lenders with serving the requirements of more clients, lower defaults and evidence risk decisions. Currently available in the… Read More

October 18, 2021 @ 9:01 am By JD Alois  |  

Deel has just raised $425 million at a valuation of $5.5 billion, according to a note from the company. Deel claims the title as the “highest valued company in the global hiring, payments, and compliance space.” The Series D funding round was led by Coatue,… Read More

October 18, 2021 @ 8:49 am By Omar Faridi  |  

Coventry Building Society and Atos announced on Monday (October 18, 2021) the completion of a “major” upgrade of its digital infrastructure by Atos that will “help strengthen the Society’s position as a top 10 UK savings and mortgage provider.” As mentioned in the announcement, Coventry… Read More