Tagged: Business Expansion

May 21, 2023 @ 9:19 am By Omar Faridi  |  

Tether, the company operating the blockchain-enabled platform tether.to that powers the first and most widely used stablecoin, announced a collaboration with KriptonMarket, an on/off ramp solution, in order “to give users in Argentina access to stablecoins at the Central Market of Buenos Aires, one of… Read More

May 19, 2023 @ 8:24 am By Omar Faridi  |  

Earnix, the global provider of intelligent, composable, SaaS solutions for insurers and banks,  announced its new office in Texas. Set among industry giants like Toyota and Liberty Mutual, the new facility “affords regional employees and customers – as well as customers and prospects in the… Read More

May 18, 2023 @ 6:46 am By Omar Faridi  |  

IDEX Biometrics is expanding biometric payment card programs in Turkey with a fourth issuer. This fast growing bank challenger “represents a customer portfolio of more than 10 million customers.” The biometric payment cards from this issuer are “expected to be in consumers’ hands by the… Read More

May 17, 2023 @ 8:27 am By Omar Faridi  |  

Standard Chartered (LON: STAN) and one of the “largest” merchant acquirers, Worldpay from FIS, have announced a strategic partnership “to expand the market coverage of, and enable new capabilities on, Straight2Bank Pay, the Bank’s one-stop digital collections gateway for merchants.” This global partnership is considered… Read More

May 16, 2023 @ 7:59 am By Omar Faridi  |  

Austrian digital asset firm Bitpanda is reportedly planning to invest $10 million in order establish a dedicated AI unit. Bitpanda explained that the new unit will aim to provide a suite of AI-enhanced products and investing solutions, including personalized investment ideas, automated portfolio strategies, as… Read More

May 14, 2023 @ 11:44 am By Omar Faridi  |  

ThreatFabric, a provider of fraud detection solutions & intelligence for the financial services sector, has raised €11.5 million in a seed round “to expand its technical capabilities and support the company’s growth.” Specifically, the funds were secured “to increase ThreatFabric’s international expansion and extend its… Read More

May 13, 2023 @ 4:07 pm By Omar Faridi  |  

Last year, it was reported that late-stage tech backer Liquidity Group had raised $775M for its Fintech platform from Apollo (private equity) and MUFG (a Japanese bank). Liquidity is “part tech platform and part lender, using its technology to make decisions on deploying debt facilities… Read More

May 13, 2023 @ 2:44 pm By Omar Faridi  |  

RTGS.global, which claims to be the next-gen settlement service delivering real-time cross-border payments and liquidity management, says it is “scaling up quickly in 2023 with very strong market acceptance.” In order to react to this rapid growth, RTGS.global is “strengthening its executive leadership team by… Read More

May 9, 2023 @ 5:08 pm By Omar Faridi  |  

Airwallex, a global payments and financial platform for modern businesses, announced its official launch in Israel to fuel future expansion across the region, including the appointment of Or Liban as Airwallex’s Head of Israel and the Middle East. This expansion comes at “a pivotal moment… Read More

May 6, 2023 @ 1:19 pm By Omar Faridi  |  

ThetaRay, a provider of AI-powered transaction monitoring technology for banks and fintech, today announced 260% revenue growth in 2022, and the appointment of Eran Fishov as VP of Customer Success, Enterprise, “to accelerate market momentum.” Fishov joins the company in order “to lead relationships with… Read More

May 6, 2023 @ 10:25 am By Omar Faridi  |  

Brex announced new global capabilities that significantly expand its ability to support US multinational businesses operating in Brazil, Canada, Israel, Japan, Mexico, Singapore, South Africa, the Philippines, 36 European countries, and more. In addition to spending and paying in local currencies, Brex is “launching VAT… Read More

May 4, 2023 @ 11:17 pm By Omar Faridi  |  

Airwallex, a global fintech platform, is pleased to announce the launch of its Go Global campaign in Hong Kong, “unlocking opportunities for SMEs, ecommerce businesses and start-ups to scale and expand internationally.” Airwallex Hong Kong’s continued growth and development in the market “is evidenced by… Read More

May 4, 2023 @ 2:43 pm By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, announced an expanded global partnership with Uber Technologies, Inc. Uber will significantly “expand its use of Stripe’s payments platform, including in the US, to reduce costs and give customers more flexible ways to pay for Uber Rides and… Read More

May 2, 2023 @ 6:17 pm By Omar Faridi  |  

Finastra announced that First Citizens Bank of Iowa and Minnesota, a family-owned community bank headquartered in Mason City, Iowa, has “expanded its collaboration with Finastra, migrating Finastra’s Fusion Phoenix core solution from on-site hosted to the cloud.” The bank will leverage its new core capabilities… Read More

May 2, 2023 @ 9:52 am By Omar Faridi  |  

Revolut has reportedly made its initial entry into Latin America with a launch in Brazil. Revolut‘s global account will provide local consumers with foreign exchange and remittance capabilities in 27 different currencies, along with having a payment card that is accepted in over 150 nations…. Read More

April 27, 2023 @ 12:35 pm By Omar Faridi  |  

Strike, which claims to be one of the world’s leading digital payments platforms built on Bitcoin’s Lightning Network, announced the expansion of “Send Globally” to Guatemala, bringing its cross-border payment service to Latin America. In 2022, Latin America and the Caribbean “received more than $140… Read More

April 26, 2023 @ 10:02 pm By Omar Faridi  |  

InComm Payments, a payments technology company, today announced the launch of InComm Payments Brazil Technology Ltda., an information technology (IT) hub dedicated to developing payments solutions “for industries including retail, financial services, mobile payments and more.” Based in Fortaleza, the IT hub “expands InComm Payments’ Brazil… Read More

April 24, 2023 @ 6:51 pm By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, announced that its suite of unified commerce solutions is now available in Australia, “including Stripe Terminal with Tap to Pay on Android for in-person contactless payments.” In Australia, over three-quarters of consumer payments are “made with cards.” By… Read More

April 23, 2023 @ 8:36 pm By Omar Faridi  |  

Wealthtech firm, Farther, has reported assets under management (AUM) of $675 million – representing “nearly 5x year-over-year growth – continuing the firm’s rise since its establishment in 2019.” Founded by Taylor Matthews and Brad Genser, Farther is “a digital wealth management firm that provides a… Read More

April 23, 2023 @ 1:54 pm By Omar Faridi  |  

The team at Gemini is pleased to announce the upcoming launch of Gemini Foundation — a non-US crypto derivatives platform. Their first derivatives contract “will be a BTC perpetual contract denominated in Gemini dollars (GUSD).” An ETH/GUSD perpetual contract “will launch soon thereafter.” Gemini Foundation… Read More