June 1, 2024 @ 1:53 pm By Omar Faridi  |  

Forward, a technology partner empowering SaaS companies to integrate and monetize payments, announced $16M in seed financing. The investment round was led by Commerce Ventures, Elefund, and Fiserv. The capital will enable Forward “to meet accelerating demand from software partners while applying artificial intelligence to… Read More

June 1, 2024 @ 12:45 pm By Michael Wong  |  

Chilean Paytech startup Koywe has announced the acquisition of Facto, a move that will expand its presence in the US. The acquisition also comes 15 months after Koywe raised $2.5 million in a Seed funding round in January 2023. The terms of the acquisition were… Read More

June 1, 2024 @ 12:22 pm By Omar Faridi  |  

Saxo, which claims to be among the leaders in online trading and investment, recently announces the appointment of Andrew Bresler as CEO of Saxo UK, effective June 3. He takes over from interim CEO Simon Camilleri. Andrew reportedly brings a wealth of experience “within the… Read More

June 1, 2024 @ 11:44 am By Omar Faridi  |  

Mangopay, a modular and flexible payment infrastructure provider for platforms, today announces the launch of its new Fraud Prevention solution. Mangopay’s Fraud Prevention solution provides “a fully integrated and payment processor-agnostic AI-driven cybersecurity solution to guard against an evolving range of threats, including account takeover… Read More

June 1, 2024 @ 11:33 am By Omar Faridi  |  

Guavapay, a global fintech company has announced its partnership with Visa (NYSE: V), a digital payments provider, to launch an impactful Out Of Home (OOH) campaign across London. This collaboration aims to enhance “awareness of MyGuava multicurrency Visa Card for users of MyGuava App and MyGuava… Read More

June 1, 2024 @ 11:31 am By Omar Faridi  |  

Moneris Solutions Corporation, a Canadian leader in innovative solutions for mobile, online, and in-store payments, has introduced Tap to Pay on iPhone in the Moneris Go app, enabling businesses of any size to accept digital payments simply and easily. Canadian businesses can now “accept in-person… Read More

June 1, 2024 @ 11:15 am By Omar Faridi  |  

Chainlink, the “decentralized” computing platform, and Circle, a global financial technology firm and the issuer of USDC and EURC, have partnered in order “to expand stablecoin utility for enterprise institutions with Circle’s developer platform and Chainlink services.” Chainlink and Circle will work together “to educate… Read More

June 1, 2024 @ 11:14 am By Omar Faridi  |  

SCRYPT, a provider of crypto asset financial services, has announced the successful close of a $5 million strategic funding round led by Braza Bank. Venture capital firms, including Funfair Ventures, Cabrit Capital, and Atlantic Labs, also participated. The firm is also pleased to announce “that… Read More

June 1, 2024 @ 10:59 am By Omar Faridi  |  

JRNI, the firm focused on enterprise-scale global customer engagement for financial services, today announced an integration with Backbase, the creator of the Engagement Banking Platform. The integration allows customers of financial institutions “to securely book virtual and in-person appointments leading to improved customer satisfaction, loyalty,… Read More

June 1, 2024 @ 10:51 am By Omar Faridi  |  

Sumsub recently shared Q1 data for deepfake fraud worldwide, showcasing alarming YoY trends in AI-powered scams. With half the world’s population heading to the polls this year, Sumsub, a global full-cycle verification provider, detected “upwards of a 245% YoY increase in deepfakes worldwide.” The findings… Read More

June 1, 2024 @ 10:49 am By Michael Wong  |  

Virrtue, a Texas-based finance and accounting business process outsourcing (BPO) company, announced its acquisition of Virgate, a technology-driven accounting services firm based in Gloucester, England. This move is set to enhance Virrtue’s technological capabilities and expand its footprint in the UK and European markets. Arvind… Read More

June 1, 2024 @ 10:42 am By Omar Faridi  |  

bolt, the insurtech with the country’s largest technology-enabled insurance exchange, today announced the appointment of Jeff Staley as Head of Sales. Staley will be responsible for leading bolt’s sales efforts “across its core business segments and meeting the company’s growth targets.” Staley brings more than… Read More

June 1, 2024 @ 10:41 am By Tony Zerucha  |  

rapid!, a payment solutions provider and the wage and disbursements arm of Green Dot, this week announced the addition of new companies in the staffing, human capital management, and professional services industries; Elevanta, TempWorks, and solved have signed on. “Today’s employers are turning to financial… Read More

June 1, 2024 @ 10:38 am By Tony Zerucha  |  

The American Fintech Council, an association representing Fintech companies and BaaS banks, has submitted a response to the US Department of Treasury, Financial Crimes Enforcement Network (FinCEN) Request for Information (RFI) related to existing requirements for banks under the Customer Identification Program (CIP) Rule. The… Read More

June 1, 2024 @ 10:34 am By Michael Wong  |  

The International Finance Corporation (IFC), part of the World Bank Group, has launched a new initiative to facilitate financial support for small businesses in emerging markets, particularly those owned by women and those in the agriculture and climate sectors. The MSME Finance Platform will channel… Read More

May 31, 2024 @ 9:48 pm By Omar Faridi  |  

Earlier this month, Google launched its much-awaited Google Wallet app in India. Fintech company Pine Labs shed more light on the close collaboration with Google Wallet to enable “a seamless integration of Gift Cards on the product.” The ‘power of choice’ associated “with e-gifting appeals… Read More

May 31, 2024 @ 4:46 pm By Omar Faridi  |  

Oscilar, a provider of AI-driven risk management solutions, and Socure, the provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention, announced a partnership that will aim to set “a new standard in digital identity verification, fraud prevention and risk management for… Read More

May 31, 2024 @ 4:36 pm By Omar Faridi  |  

FintechOS, an end-to-end financial product management platform, announced the successful completion of a $60 million Series B+ round. This investment round was led by Molten Ventures, Cipio Partners, and BlackRock, “alongside existing investors EarlyBird VC, OTB VC, and Gapminder VC.” The new funding round comes… Read More

May 31, 2024 @ 4:30 pm By Suki Gao  |  

To the surprise of nobody, female-led SMEs often face significant hurdles in the hyper-competitive global marketplace, primarily due to systemic biases and gender disparities entrenched within financial systems. Studies have consistently shown that women entrepreneurs encounter more challenges in securing financing compared to their male… Read More

May 31, 2024 @ 2:14 pm By Omar Faridi  |  

Zodia Custody, an institution-first digital asset custodian whose shareholders include Standard Chartered, SBI Holdings, and Northern Trust, has partnered with Forteus Investment Management, the investment advisory business of the Numeus Group, and backed by Schroders, to provide secure custody and staking solutions. Forteus’ Digital Asset… Read More