Tagged: financial services

May 29, 2022 @ 2:31 pm By Omar Faridi  |  

The Competition and Markets Authority (CMA) has released the findings and recommendations of a review by Kirstin Baker, which is one of its independent non-executive Directors, “to identify lessons from Open Banking for the CMA’s approach to designing, implementing and monitoring remedies in its market… Read More

May 27, 2022 @ 3:48 pm By Omar Faridi  |  

Jetty, the financial services company on a mission to make renting a home more affordable and flexible, has announced an investment from PayPal Ventures and Experian Ventures. The new funding will “enable Jetty to accelerate the growth of its existing suite of products and invest… Read More

May 26, 2022 @ 9:37 pm By Omar Faridi  |  

Paystand, a key player in blockchain-powered B2B payments, and the maker of the fast-growing Payment SuiteApp for NetSuite AR, has announced new automatic billing and payment features “to provide a faster, simpler, and better customer and user experience.” The product offerings work with Paystand’s current… Read More

May 26, 2022 @ 2:17 pm By Omar Faridi  |  

Viola Credit, a global alternative credit asset manager providing customized credit solutions to technology companies and Fintech lenders, announced the final closing of the Viola Credit Alternative Lending Income Fund II (ALF II) “with $700 million of investable capital including its flagship fund and related… Read More

May 26, 2022 @ 8:22 am By Omar Faridi  |  

Weave (NYSE: WEAV), the “all-in-one” customer communication platform for small business, has signed a multi-year integration partnership with Sunbit, the Buy Now, Pay Later (BNPL) technology “for everyday needs and services.” Sunbit’s technology will “power Buy Now, Pay Later solutions for healthcare practices across the… Read More

May 26, 2022 @ 6:46 am By Omar Faridi  |  

Fintech firm Stripe has reportedly opened an App Marketplace that’s currently housing up to 50 third-party business apps from vendors such as DocuSign, Dropbox, Intercom, Mailchimp, Ramp, and Xero. As mentioned in the announcement, Stripe Apps aims to make it possible for businesses to customize… Read More

May 26, 2022 @ 6:38 am By Omar Faridi  |  

New Zealand’s Buy Now Pay Later (BNPL) service provider Laybuy recently revealed that it has appointed risk management professional Jamie Byles as its Chief Risk Officer (CRO). In this position, which is reportedly a part of Laybuy’s senior leadership team and based in London, Jamie… Read More

May 26, 2022 @ 6:36 am By Omar Faridi  |  

Fintech firm Revolut is now entering the fast-growing spend management sector with a new in-app product that allows companies to issue payment cards with a quick tap and set up time and category-based spending limits. After the roll-out of Payroll for UK clients this February… Read More

May 25, 2022 @ 10:19 pm By Omar Faridi  |  

Babel Finance, the wholesale crypto financial services provider, recently announced the completion of a $80 million Series B financing round “at a valuation of $2 billion.” The main investors in this investment round “include Jeneration Capital and 10T Holdings, as well as existing shareholders Dragonfly… Read More

May 25, 2022 @ 6:43 pm By Omar Faridi  |  

SaaSOptics and Chargify (becoming Maxio), the providers of billing and financial operations solutions for “high growth” subscription businesses, recently announced the release of their integrated billing and financial operations platform. The platform aims to combine “the strengths of Chargify and SaaSOptics and allows users to… Read More

May 25, 2022 @ 2:31 pm By Omar Faridi  |  

With cybercrime expected to cost $10.5 trillion annually by 2025, innovating cybersecurity remains critical across industries “facing rapid digitization.” Mastercard (NYSE: MA) has announced the launch of new attack simulation and assessment platform Cyber Front, “enabled by a strategic minority investment in Picus Security.” The… Read More

May 25, 2022 @ 1:28 pm By Omar Faridi  |  

M1, The Finance Super App helping consumers manage and grow their money, has announced it has chosen Thought Machine, the Cloud-native banking tech firm, in order to power and grow their platform. Thought Machine’s Cloud-native core banking engine, Vault Core, will be “deployed by M1… Read More

May 25, 2022 @ 11:44 am By Omar Faridi  |  

Lloyds Bank has teamed up with software provider Alfa in order to make it simpler for clients to use asset finance to manage their working capital. Managing capital properly, ensuring the appropriate balance between funding growth, increasing stock, and retaining funds for financial resilience, is… Read More

May 25, 2022 @ 6:00 am By Omar Faridi  |  

Alviere, the embedded finance platform that enables any brand to deliver a full suite of financial products and services to clients, fans, and workers, has announced a partnership with Marqeta (NASDAQ: MQ), the modern card issuing platform. With Alviere’s expansion across Europe, Marqeta will “provide… Read More

May 25, 2022 @ 5:54 am By Omar Faridi  |  

Fundbox recently announced that its working capital platform is now embedded “within Stripe, a financial infrastructure platform for businesses.” A key player in providing embedded working capital solutions for B2B sellers, Fundbox’s collaboration with Stripe is “the first of many new integrations to come as… Read More

May 25, 2022 @ 4:12 am By Omar Faridi  |  

MYPINPAD, an international player in mobile-based payments acceptance and digital authentication solutions, has teamed up with CircleBlue Pay (CBP) and OTP Mobile in a move that will “allow thousands of merchants across Hungary to accept card payments via Tap to Phone technology.” Based in Budapest,… Read More

May 25, 2022 @ 3:11 am By Omar Faridi  |  

Openpay Group Ltd (ASX: OPY) (Openpay / the Company) is pleased to announce the completion of a $18.25 million two-tranche Placement “to accelerate its pathway to profitability in the ANZ business.” ANZ CEO, Dion Appel said: “Openpay ANZ is accelerating its pathway to profitability through… Read More

May 24, 2022 @ 11:07 pm By Omar Faridi  |  

Wells Fargo Wealth & Investment Management (WIM) recently announced the relaunch of Intuitive Investor, its digitally automated investing platform. Investors can now “access the robo-advisory platform with only a minimum $500 investment.” Michelle Moore, head of Digital for Consumer and WIM at Wells Fargo, said:… Read More

May 24, 2022 @ 7:52 pm By Omar Faridi  |  

Moves, an “all-in-one” banking app for gig workers, recently announced that it has closed a $5 million seed funding round “to advance its mission of making the gig economy work for its workers.” Matthew Spoke, CEO of Moves, stated: “The gig economy is surging, yet… Read More

May 24, 2022 @ 12:27 pm By Omar Faridi  |  

Qonto, the European business finance solution, has announced the launch of its new solution for invoicing. This new solution “simplifies the process of generating, sharing and managing professional and customized invoices directly from the platform.” Whether they are SMEs or freelancers, clients will be able… Read More