Tagged: financial services

February 20, 2022 @ 9:13 pm By Omar Faridi  |  

The team at Fintech Deel notes that if your business holds money in stablecoin USDC, then you can pay your monthly Deel invoice for your team’s earnings in USDC “directly from your Coinbase account.” Deel‘s management recently confirmed that they are (reportedly) the first company… Read More

February 20, 2022 @ 11:30 am By Omar Faridi  |  

Ahmed Wadi, the Founder and CEO at MoneyFellows, a Cairo-based collaborative Group Lending and Savings Platform, says that he is amazed how the Fintech space evolved over the past couple years. Wadi added that he can’t wait to see homegrown Fintechs “proving to the world… Read More

February 18, 2022 @ 1:58 pm By Omar Faridi  |  

Lithuania’s borderless finance platform Debitum is pleased to confirm that Henrijs Jansons has joined the firm as its new Chief Executive Officer. His appointment became effective at the end of January 2022. Henrijs is reportedly replacing former CEO Sergei Demchuk, who will “focus on the… Read More

February 17, 2022 @ 5:00 am By Omar Faridi  |  

indó, an Icelandic Fintech focused on the consumer virtual banking space, has announced that it is emerging from stealth mode with $4.5 million in seed funding. indó is reportedly the first challenger bank to launch in Iceland. The motivation behind indó was the 2008 financial… Read More

February 16, 2022 @ 7:50 pm By Omar Faridi  |  

Qudian Inc. (NYSE: QD), a technology platform supporting the enhancement of the online consumer finance experience in China, recently announced that it has received a letter from the New York Stock Exchange (NYSE) dated February 7, 2022, informing the company that it is “below the… Read More

February 16, 2022 @ 6:15 pm By Omar Faridi  |  

Citi is a long-time partner of SIMON, both as a leading issuer of structured investments and via its wealth management division whose financial professionals use the investment platform. In alignment with the focus of both firms, this announcement underscores Citi‘s (NYSE: C) commitment to innovative… Read More

February 16, 2022 @ 3:56 pm By Omar Faridi  |  

The business sector is facing an influx of innovation: changing consumer behavior and preferences, digital transformation as well as geopolitical shifts. In order to assist businesses with evolving and supporting their growth enterprise-wide, Mastercard (NYSE: MA) announced that it is expanding its payments-focused consulting service… Read More

February 16, 2022 @ 2:38 am By Omar Faridi  |  

KreditBee, one of India’s leading virtual lending platforms, has announced that it crossed the milestone of issuing 1 million ‘KreditBee Card’. The firm now claims that it is one of the fastest cards to cross this milestone, since its launch in August 2021. KreditBee has… Read More

February 15, 2022 @ 11:11 pm By Omar Faridi  |  

Indonesia’s Financial Services Authority (OJK) recently announced that they’re strictly prohibiting the nation’s financial services providers from marketing or facilitating the trading of cryptocurrencies. The Indonesian regulator has cautioned that the value of virtual currencies are subject to market fluctuations and investors need to be… Read More

February 14, 2022 @ 11:39 pm By Omar Faridi  |  

i2c Inc., a provider of digital payment and banking tech, announced its partnership with KARTY, a Qatar-based Fintech offering tailored digital financial solutions to the MEA region, in order to introduce a digital-first prepaid mobile wallet to the country. Leveraging i2c’s international payments platform, Karty’s… Read More

February 14, 2022 @ 9:20 pm By Omar Faridi  |  

A report from PeerIQ notes that the official numbers are in and they’re not looking so great. Inflation, as measured by the CPI, surged at a higher than expected 7.5% annualized rate in January 2022. That’s the fastest rate of price increases since 1982. Expectations… Read More

February 14, 2022 @ 4:10 pm By Omar Faridi  |  

Temenos (SIX: TEMN), the banking software firm, has announced that Commerce Bank (NASDAQ: CBSH) is now live with Temenos core banking platform. This milestone completes Commerce Bank’s modernization project to transition from its outdated legacy systems for deposits “to a modern, agile and open platform… Read More

February 14, 2022 @ 9:51 am By Omar Faridi  |  

Many people have come to own and embrace crypto-assets because of a powerful sense of mission that includes: fairness and efficiency meaning a desire to see transferring money more like sending a text message — “instantaneous and low cost to all, and not something that… Read More

February 14, 2022 @ 8:15 am By Omar Faridi  |  

Vitesse PSP, the payment, liquidity and treasury management platform, recently announced that it has secured $26 million in Series B funding led by Prime Ventures. The Series B investment round also includes contributions from Octopus Ventures, which led the 2020 Series A round and are… Read More

February 14, 2022 @ 6:22 am By Omar Faridi  |  

Worldline (Euronext: WLN), a provider of payments and transactional services, is reportedly getting ready to sell its point-of-sale terminal business to Apollo Global Management for $2.3 billion. This, according to a report from the WSJ. A deal might be finalized within a few days as… Read More

February 13, 2022 @ 12:40 pm By Omar Faridi  |  

Klarna, an international retail bank, payments and shopping platform, recently noted that six out of ten or 60% of credit card users don’t know how much interest they are actually being charged. This, according to the latest YouGov research that was commissioned by Fintech firm… Read More

February 13, 2022 @ 12:38 pm By Omar Faridi  |  

SoFi Technologies (NASDAQ:SOFI) is not simply just another neobanking platform, according to a Bank of America (BoA) analyst. SoFi provides services to several different neobanks via its Galileo platform, which the BoA analyst said is an important “differentiator.” BoA analyst Mihir Bhatia pointed out that… Read More

February 12, 2022 @ 2:54 pm By Omar Faridi  |  

Sardine, the fraud and compliance platform for Fintech firms, completed a $19.5 million in Series A round from Andreessen Horowitz, NYCA, and Experian Ventures “to enable companies to protect customers from financial fraud.” As mentioned in the update, Andreessen Horowitz General Partner Angela Strange joins… Read More

February 12, 2022 @ 9:54 am By Omar Faridi  |  

Northspyre, a financial tracking and project delivery automation platform for real estate developers, has reportedly acquired $25 million via a Series B round to further grow its business and expand its solution “to improve the development process within the multi-trillion dollar commercial real estate industry.”… Read More

February 11, 2022 @ 3:37 pm By Omar Faridi  |  

EBANX, the payments platform in Latin America, is celebrating 10 years since its founding as it closes in on a key milestone of 1 billion transactions processed across 15 different countries. The Brazilian Fintech firm, co-founded by Alphonse Voigt, João Del Valle and Wagner Ruiz… Read More