Tagged: financial technology

January 22, 2020 @ 1:22 pm By Samantha Hurst  |  

Liberis, a UK-based fintech, announced on Wednesday it secured £32 million through its latest investment round as it prepares to expand its services in both the U.S. and Europe. This new investment comes less than two years after Liberis received £57.5 million in combined funding… Read More

January 22, 2020 @ 11:26 am By Samantha Hurst  |  

U.S. venture capital firm Canapi Ventures announced on Wednesday the launch of its inaugural venture capital funds. The funds, which are centered around early to growth-stage financial technology investment opportunities, have received $545 million in commitments from a “robust” institutional investor base.  “Canapi focuses on… Read More

January 22, 2020 @ 7:28 am By Samantha Hurst  |  

U.S.-based fintech Broadridge Financial Solutions announced on Tuesday it is set to acquire FundsLibrary, a company focused on fund document and data dissemination in the European market, from its parent company Hargreaves Lansdown. Broadridge reported that by combining FundsLibrary’s capabilities with its existing regulatory communications… Read More

January 21, 2020 @ 2:52 pm By Samantha Hurst  |  

FIS (NYSE: FIS), a financial services technology firm, announced on Tuesday it has opened applications for the 2020 FIS Fintech Accelerator. According to FIS, the FIS Fintech Accelerator program is conducted in collaboration with the State of Arkansas and Little Rock-based The Venture Center. It… Read More

January 21, 2020 @ 12:56 pm By Samantha Hurst  |  

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Tuesday it has formed a new partnership with LuLu Money, a non-banking finance group that specializes primarily in foreign exchange and global money transfers.  MoneyGram reported that through the partnership LuLu Money will utilize the MoneyGram… Read More

January 20, 2020 @ 3:38 pm By Samantha Hurst  |  

FeedStock, an AI-driven SaaS business that uses the latest natural language processing technologies to enable financial services companies to meet both their compliance requirements and commercial goals, announced on Monday it secured £2.5 million through its latest investment round, which was led by Praetura Ventures… Read More

January 20, 2020 @ 12:27 pm By Samantha Hurst  |  

OnPay, a U.S.-based payroll service provider for small businesses and accountants, announced on Monday it secured $6 million through its Series A funding round. Founded in 2011, OnPay describes itself as a software company that offers small businesses and accountants payroll, HR and benefits services…. Read More

January 20, 2020 @ 10:43 am By Samantha Hurst  |  

Hong Kong-based fintech Liquefy announced on Monday it has appointed former COO of Turner Sports, Matt Hong, as the inaugural member of its new advisory board. The company reported it will “tap” Hong to bring his experience in the sports industry to advise the fintech… Read More

January 19, 2020 @ 11:06 pm By Samantha Hurst  |  

UK-based digital banking group Monzo announced last week it will be now be reporting to Experian. The company revealed that it previously just reported to TransUnion. “Although we’ve started sharing information with Experian, it’ll take a month or two for Monzo to appear on your… Read More

January 17, 2020 @ 9:08 pm By Samantha Hurst  |  

Brazilian fintech EBANX announced earlier this week the launch of its new digital account, EBANX GO, and prepaid card in a partnership with Visa that offers 5% cashback in purchases made in a list of 18 specific merchants, which includes Spotify, AliExpress, Gearbest, UseGiraffe, PatPat,… Read More

January 16, 2020 @ 10:08 am By Samantha Hurst  |  

Northmill, a Fintech based in Sweden, announced on Wednesday it has appointed Mattias Hallgrim as its new CMO. According to Northmill, Hillgrim has more than 20 years of experience from a wide range of leading businesses such as Tradedoubler and Ticketmaster and most recently he… Read More

January 15, 2020 @ 12:41 pm By Samantha Hurst  |  

UK banking group NatWest announced on Wednesday it has joined forces with Soldo, a pre-paid company card provider for small businesses, to expand its SME lending capabilities. NatWest reported that the partnership will allow two of its ventures, Esme Loans and Rapid Cash, to be… Read More

January 15, 2020 @ 12:17 pm By Samantha Hurst  |  

Bankable, a UK-based banking as a service platform, announced on Wednesday it has formed a new partnership with U.S. fintech Plaid. Bankable reported that the partnership will allow its customers the ability to use Plaid’s technology to connect with their users’ bank accounts worldwide. “By… Read More

January 15, 2020 @ 11:02 am By Samantha Hurst  |  

Ant Financial Services Group (Ant Financial), a China-based tech company and the operator of Alipay, is set to host its upcoming fintech conference in Shanghai. Ant Financial reported that the INCLUSION Fintech Conference is an event that aims to bring together the global financial and… Read More

January 14, 2020 @ 5:13 pm By Samantha Hurst  |  

Business commerce platform Tradeshift has reportedly secured $240 million in equity and debt through its latest funding round. The new investment comes less than two years after Tradeshift raised $250 million through its Series E funding round, which was led by Goldman Sachs and Public Sector… Read More

January 14, 2020 @ 2:10 pm By Samantha Hurst  |  

Fundbox, a B2B payments and credit network developed to enhance B2B commerce at scale, has reportedly appointed Marten Abrahamsen as its first CFO. According to the Wall Street Journal, Abrahamsen previously held positions at Chernin Group LLC, a Los-Angeles-based investment firm,  Grab Holdings Inc. and… Read More

January 14, 2020 @ 7:08 am By Samantha Hurst  |  

Temenos (SIX: TEMN), a banking software company based in Switzerland, announced on Tuesday it has launched banking distribution services through its Temenos Infinity digital front-office banking product.  Temenos claims that Temenos Infinity is the first core-agnostic product to give banks the ability to continuously transform… Read More

January 13, 2020 @ 6:22 pm By Samantha Hurst  |  

Plaid, a U.S.-based fintech startup, announced on Monday it has been acquired by Visa. The companies both revealed that Visa will pay total purchase consideration of $5.3 billion through the acquisition. Founded in 2012, Plaid stated it is focused on enabling “innovation and democratizing” financial… Read More

January 13, 2020 @ 2:26 pm By Samantha Hurst  |  

Goldman Sachs (NYSE: GS) has launched a mobile app for its digital banking service, Marcus.  The fact that such a prominent entrant into the digital bank sector has existed minus an App has long been a shortcoming of the Fintech. Goldman Sachs spokeswoman, Kristen Greco,… Read More

January 13, 2020 @ 7:51 am By Samantha Hurst  |  

UK-based digital banking group Starling Bank announced on Monday it supercharging its bank accounts for businesses and sole traders with a range of new features, which includes unsecured loans of up to £250,000, an increase in its overdraft limits from £10,000 to £150,000, more competitive… Read More