Global

August 17, 2021 @ 9:47 am By JD Alois  |  

Paytia, a payments provider that ensures secure transactions by phone, has partnered with Talkdesk, according to a note from the company. UK-based Paytia is on a mission to enable consumers to pay over the phone without fear of card theft or fraud. Paytia’s Secure Virtual… Read More

August 17, 2021 @ 8:50 am By JD Alois  |  

Brex, a Fintech providing solutions for both big and small businesses, has acquired Weav, an Israel-based API platform for commerce sites. Brex has purchased Weav for $50 million, according to the company. The purchase is expected to help Brex expand its services globally by establishing… Read More

August 17, 2021 @ 8:31 am By Omar Faridi  |  

iSpent19 is pleased to confirm the rollout of its money management app that’s meant to offer UK users with a new way of monitoring and managing their funds via transaction personalization and sharing. …and WE ARE OFFICIALLY LIVE! 🥳 It is with great pleasure to… Read More

August 17, 2021 @ 8:28 am By Omar Faridi  |  

Paysafe (NYSE:PSFE), a specialized payments platform, reveals that it has entered an agreement to acquire SafetyPay for $441 million as part of an all-cash deal. SafetyPay is an established payments platform that allows digital commerce transactions through various Open Banking and electronic cash solutions, operating… Read More

August 17, 2021 @ 2:44 am By Priyanka Pani  |  

FalconX, a one-stop shop for institutional cryptocurrency market participants, has raised a $210 million Series C financing round led by Altimeter Capital. The new funding round valued the platform at $3.75 billion and saw Sapphire Ventures and existing investors B Capital Group, Tiger Global Management,… Read More

August 16, 2021 @ 11:18 pm By JD Alois  |  

The National Bank of Bahrain (NBB) has launched the Digital Banking Challenge in partnership with Bahrain FinTech Bay. The Challenge is open to all Bahraini youth to develop new and creative solutions focused on NBB’s new digital banking app. In line with Bahrain’s Vision 2030 objectives,… Read More

August 16, 2021 @ 10:17 pm By JD Alois  |  

Open banking platform Yapily has hired Roland Selmer as Chief Product Officer (CPO), according to a note from company. Yapily shares that Selmer brings deep experience in building API first products at organisations operating in highly regulated markets. Prior to joining Yapily, Selmer was Senior… Read More

August 16, 2021 @ 6:34 pm By Omar Faridi  |  

HSBC Holdings plc (NYSE: HSBC), a British multinational investment bank and financial services holding company, reveals that it has committed to an agreement to acquire 100% of AXA Insurance issued share capital in Singapore for $575 million. The goal or aim of this transaction is… Read More

August 16, 2021 @ 6:27 pm By Omar Faridi  |  

Mawson Infrastructure Group Inc. revealed on August 12, 2021, that they had purchased an additional 17,352 of Canaan’s (NASDAQ:CAN) latest generation ASIC Bitcoin miners, adding more than 1.5EH to Mawson’s current operations. The additional 17,352 Avalon A1166 and A1246 BTC miners will be deployed across… Read More

August 16, 2021 @ 2:02 pm By Omar Faridi  |  

The team at digital bank Revolut reveals that they’ve been working in “overdrive” to make things “easier” for clients. Revolut, which recently secured an additional $800 million in capital at a $33 billion valuation, has shared that August brings users “stacks of all-star” updates in… Read More

August 16, 2021 @ 12:14 pm By Omar Faridi  |  

UK’s digital bank Starling notes that with their platform and financial services, clients are able to bank “anywhere.” According to Starling Bank, that’s what makes them a wonderful app for business owners “out and about at festivals.” As part of this ongoing support for the… Read More

August 16, 2021 @ 10:37 am By Omar Faridi  |  

Fintech firm Ualá has secured $350 million in capital at a $2.45 billion valuation. The company’s latest funding round is reportedly the largest private investment round ever for an Argentina-based business. Ualá’s Series D investment round has been co-led by Chinese tech giant Tencent and… Read More

August 16, 2021 @ 10:13 am By JD Alois  |  

TWINO, an online lending marketplace based in Latvia, is reporting a record profit of €7.4 million on revenue of €61.6 million. The profit was an increase of 28% versus the year prior while top-line revenue increased by 30% year over year. Anastasija Oļeiņika, CEO of… Read More

August 16, 2021 @ 9:27 am By Omar Faridi  |  

UK-based digital bank Monzo notes that getting paid can be fun, but quite often, what “goes on behind the scenes isn’t.” According to Monzo’s blog post, if anything, getting paid may “take the fun out of business fundamentals.” Monzo, which is currently the subject of… Read More

August 16, 2021 @ 8:03 am By Omar Faridi  |  

New data from European Fintech iwoca, one of the largest small business lenders, reveals how embedded finance will play a key role for SMEs as they try to recover from the COVID-19 pandemic. Timely insights “bring to life” the wide-ranging benefits of embedded finance, according… Read More

August 16, 2021 @ 8:00 am By Omar Faridi  |  

London-based Fintech firm SumUp has teamed up with the National Garden Scheme in order to lead the digitalization of charity by enabling “seamless” charitable donations via its card-reading tech, at an event supported by Dame Mary Berry, President of the National Garden Scheme, at Chilworth… Read More

August 16, 2021 @ 7:56 am By Omar Faridi  |  

Datam, a new software-as-a-service (SaaS) platform that allows companies or businesses to begin accepting card payments within minutes, has raised £560,920 of its £550,001 target from 224 investors (at the time of writing) via Seedrs. There are 24 days left in the company’s sale, as… Read More

August 15, 2021 @ 11:02 pm By Omar Faridi  |  

In June 2021, the team at Bondora, a leading P2P lending platform, had celebrated Go & Grow’s success with more than €10 million invested. And this month in August, they’re celebrating another key milestone: Bondora now has more than 170,000 investors active on its platform…. Read More

August 15, 2021 @ 9:14 pm By Omar Faridi  |  

WorldRemit, a UK-based digital cross-border payments firm, recently introduced its money transfer services in Malaysia’s markets through its app and web-based platform. Clients are now able to send funds from Malaysia, in addition to 50 other nations including the United Kingdom and the US, to… Read More

August 15, 2021 @ 7:59 pm By Omar Faridi  |  

In the fast-evolving digital economy, money laundering and financial crime have been increasing quite rapidly as regulation and banking processes struggle to address the rise in “criminal innovation.” Because of these developments, financial institutions have to respond quickly and effectively, by utilizing the appropriate tools… Read More