Tagged: financial services

May 24, 2023 @ 1:18 am By Omar Faridi  |  

Brite Payments, one of Sweden’s fastest growing fintechs and a leader in instant bank payments, announced its Brite Instant Payments Network (IPN). Brite IPN is a proprietary network “that leverages the capabilities of open banking to give merchants and businesses a complete, out-of-the-box instant payments… Read More

May 23, 2023 @ 10:37 pm By Omar Faridi  |  

FlowX.AI, the AI enterprise application modernization platform for large financial services organizations, announces that it has raised a $35 million Series A funding round. The investment round was “led by London-based Dawn Capital, Europe’s leading specialist B2B software investor, with existing investors PortfoLion, SeedBlink, and… Read More

May 23, 2023 @ 10:16 pm By Omar Faridi  |  

Netbank, the Filipino banking as a service platform, is pleased to announce the successful completion of its Series A investment round. The investment round was led by Beenext, a prominent regional venture capital firm, with participation from leading Filipino investors: Kaya Founders and Oak Drive… Read More

May 23, 2023 @ 9:57 pm By Omar Faridi  |  

Airwallex announced a partnership with MODIFI, a global commerce platform for business payments, in order “to launch a streamlined, innovative, and secure solution for transferring money across multiple regions.” Leveraging Airwallex’s global payments and financial infrastructure, MODIFI has created Global Account Solutions, “a payment tool… Read More

May 23, 2023 @ 12:47 pm By Omar Faridi  |  

Kiwi, a fintech dedicated to helping consumers build credit history and improve financial literacy, announced that it has closed a $75 million credit facility and $4.5 million pre-series A funding round. The debt financing was “provided by i80 Group an investment firm that specializes in… Read More

May 23, 2023 @ 9:12 am By Omar Faridi  |  

The Mobile Bank N26 announced new insurance services for ‘You’ and ‘Metal’ personal and business account holders. With more customers using N26 as their everyday bank account, the new offering aims “to provide premium customers a comprehensive coverage plan to better protect against unexpected events… Read More

May 23, 2023 @ 6:21 am By Omar Faridi  |  

Frost, the “innovative” personal finance app, has announced the expansion of its automated provider switching tool ‘Save Assist’ to include broadband switching services. The announcement comes in response “to the recent 17.3% broadband price hike in April, as reported by Money Saving Expert, leaving consumers… Read More

May 23, 2023 @ 1:19 am By Omar Faridi  |  

In one more step to increase security for customers, Nubank (NYSE: NU) announces two new tools: the Reporting Channel, which allows “the reporting of fraud or attempted fraud involving the company, and the Me Roubaram (I was robbed) feature, a site that Nubank customers can… Read More

May 22, 2023 @ 10:02 pm By Omar Faridi  |  

The team at Blend (NYSE:BLND) says they have always believed that their customers are “best positioned” to win in a downturn when “leveraging technology that helps save costs, grow market share, and innovate faster.” Today they are seeing this “play out in practice with their… Read More

May 22, 2023 @ 5:18 pm By Omar Faridi  |  

PayTabs, MEASA’s payment solutions provider, today announced a strategic partnership with FlapKap, MENA’s revenue-based financing platform. The collaboration between the two firms aims “to support new and existing PayTabs entrepreneurs, webpreneurs and small and medium e-commerce businesses (SMEs) based in the UAE to obtain a… Read More

May 22, 2023 @ 12:22 pm By Omar Faridi  |  

Modak, a fintech company for teens and families in the US, has partnered with digital identity company Yoti to “enhance safety features for teens on its platform.” Since launching in December 2022, 25,000 teens “have signed up for Modak using Yoti’s facial age estimation technology.”… Read More

May 22, 2023 @ 8:05 am By Omar Faridi  |  

Starling Bank customers can now organize their salary payments across their account. The new feature, called ‘Split payment’, allows customers “to decide how much of an inbound payment, such as their salary, to put away and where, including their saving Spaces, joint accounts, additional accounts… Read More

May 21, 2023 @ 10:41 pm By Omar Faridi  |  

Repay Holdings Corporation (NASDAQ: RPAY), a provider of vertically-integrated payment solutions, announced its integration with Q2’s Digital Banking Platform, via the Q2 Partner Accelerator Program. Q2 Holdings, Inc. (NYSE: QTWO) is “a provider of digital transformation solutions for banking and lending.” As part of the… Read More

May 21, 2023 @ 10:28 am By Omar Faridi  |  

With more than 90% of countries exploring, developing and implementing Central Bank Digital Currencies (CBDCs) as a way to increase financial inclusion and lower the cost and risk of domestic and cross-border payment processes, Ripple is announcing the Ripple CBDC Platform, which is described as… Read More

May 21, 2023 @ 6:31 am By Omar Faridi  |  

Amount, a fintech powering banking technology for consumer and small business account opening, loan origination and financing, announces the appointments of Kevin Trilli as Chief Product Officer and Raj Kolluri as Chief Technology Officer. Kevin Trilli, who “brings over 27 years of industry expertise, joins… Read More

May 20, 2023 @ 12:48 pm By Omar Faridi  |  

Paymob, the financial services enabler in the Middle East, North Africa, and Pakistan (MENAP), announces that it has secured Saudi Arabia’s Payment Technical Services Provider (PTSP) certification, making it fully operational in the Kingdom. The PTSP certification, “issued by Saudi Payments is a significant operational… Read More

May 20, 2023 @ 10:38 am By Omar Faridi  |  

Ramp, the finance automation platform helping 15,000+ businesses find time and money savings across transactions, bill payments, and accounting, announced Ramp Intelligence: a suite of tools in financial services, driven by AI, designed to solve customer problems. The launch “represents the most significant evolution of… Read More

May 20, 2023 @ 7:30 am By Omar Faridi  |  

Delta Capita, the Financial Services division of Prytek, a global Capital Markets consulting, managed services and technology provider has welcomed Julian Chesser as its new Regional Head of APAC who will be based in Singapore. In this role, Julian will be “responsible for leading all… Read More

May 19, 2023 @ 5:26 pm By Omar Faridi  |  

axis, a digital payments platform for small businesses, has launched its services, in partnership with Visa (NYSE: V). axis has obtained the license from the Central Bank of Egypt (CBE) “for its open-loop mobile wallet, offering a digital banking alternative for small businesses and their… Read More

May 19, 2023 @ 3:03 pm By Omar Faridi  |  

Percent, the platform that has created the modern credit marketplace, announced today the successful close of a $30 million Series B funding round, more than doubling the company’s total funding, which now sits at $48.7 million. The investment round was “led by White Star Capital,… Read More