Tagged: financial technology

January 12, 2020 @ 10:42 pm By Samantha Hurst  |  

UK-based digital banking group Monzo celebrated the new year by sharing the successes of the past twelve months. The fintech revealed it started last January with just over a million customers, and now, over 3.6 million people bank with its platform. The company has since… Read More

January 9, 2020 @ 3:04 pm By Samantha Hurst  |  

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Thursday it has formed a new partnership with comprehensive financial service platform West Guarantee. Pintec reported that through the partnership, it and West Guarantee will carry out in-depth collaboration in both technology and financial service areas… Read More

January 8, 2020 @ 7:56 am By Samantha Hurst  |  

Digital payments service Square recently announced its instant transfer fees will be 1.5% per transfer. Square reported that as of January 7, 2020, the rate for instant and same-day transfers from a user’s Square balance to their bank account is changing to 1.5% per transfer…. Read More

January 7, 2020 @ 2:47 pm By Samantha Hurst  |  

 Securrency, a global financial services technology infrastructure and products company, announced on Tuesday it secured $17.65 million through its Series A funding round, which was led by WisdomTree with participation from the Abu Dhabi Investment Office (ADIO), Monex Group, Inc., RRE Ventures, Strawberry Creek Ventures,… Read More

January 7, 2020 @ 1:06 pm By Samantha Hurst  |  

KogoPAY, a UK-based fintech startup, completed its equity crowdfunding round on Crowdcube with more than £200,000 in funding secured. The company offered its 281 Crowdcube investors with 2.01% in equity at a £10 million pre-money valuation. Founded in 2018, KogoPAY describes itself as a fintech… Read More

January 7, 2020 @ 9:03 am By Samantha Hurst  |  

HighRadius, a U.S.-based fintech enterprise Software-as-a-Service (SaaS) company specializing in integrated receivables, announced on Tuesday it secured $125 million through its Series B funding round, which was led by ICONIQ Capital with participation from existing investors Susquehanna Growth Equity and Citi Ventures. Founded in 2006, HighRadius claims… Read More

January 6, 2020 @ 7:42 am By Samantha Hurst  |  

Australian SME challenger bank Judo Bank has formed a partnership with InfraRisk Pty Ltd., a supplier of credit management solutions and a wholly-owned subsidiary of Pintec Technology Holdings Limited, to support its lending business with a smart and highly efficient cloud-based SaaS solution. Judo Bank… Read More

January 2, 2020 @ 8:55 am By Samantha Hurst  |  

Omnio, a UK-based fintech that offers banking and payment services for businesses, has reportedly secured €15 Million through its latest private placement funding round. The company offered 23,077 shares at a rate of €650 per offer share through the round. Founded in 2018, Omnio claims… Read More

December 31, 2019 @ 12:24 pm By Samantha Hurst  |  

UK-digital challenger bank Monzo announced this week an update about the U.S. Beta launch. The banking startup revealed that from August until November it ran small, in-person community events in San Francisco, NYC, Las Vegas, and LA. the company then gave 1,000 users early access… Read More

December 30, 2019 @ 10:40 am By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard recently announced it has teamed up with Singapore currency exchange platform FXchange to provide outbound and inbound travelers in Singapore with digital payment options. Wirecard reported that the duo will be launching multi-currency Visa cards and a… Read More

December 23, 2019 @ 10:45 am By Samantha Hurst  |  

FinVolution Group, a China-based fintech that connects underserved individual borrows with financial institutions, announced on Monday it received a license for Technology and Information-Based Financial Lending Institution (peer-to-peer lending license) from the Financial Services Authority of Indonesia.  As previously reported, FinVolution claims to be a pioneer… Read More

December 20, 2019 @ 11:17 pm By Samantha Hurst  |  

Accenture (NYSE: ACN) announced on Friday it has completed its acquisition of consulting firm, Silveo. According to Accenture, Silveo is a French consulting company providing services and solutions for digital manufacturing and intelligent supply chains. Accenture also noted that Silveo brings a team of 50… Read More

December 20, 2019 @ 9:48 am By Samantha Hurst  |  

FIS (NYSE: FIS) announced on Thursday it has entered into an agreement with JCB, a global payment network. Through the agreement, FIS’ global e-commerce platform, WorldPay, will allow businesses that are operating in Japan to accept payments by JCB cards and will now provide an… Read More

December 19, 2019 @ 9:35 pm By Samantha Hurst  |  

Digital-only bank platform N26 recently announced it has launched its premium accounts N26 You, Metal, and Business You in Greece. According to N26, N26 You, Business You and Metal memberships come with features to help make everyday life as easy as possible, like travel insurance,… Read More

December 19, 2019 @ 9:02 am By Samantha Hurst  |  

UK-based digital banking group Monzo announced on Wednesday it will now allow cash withdrawals in the European Economic Area (EEA) to be free. This news notably follows a change in EU regulation on cross-border payments we’ve decided to remove ATM fees and limits for countries… Read More

December 19, 2019 @ 8:25 am By Samantha Hurst  |  

UK-based digital banking platform Starling Bank announced on Wednesday it has expanded its business Marketplace with the addition of cloud-based accounting software provider Intuit QuickBooks. The service will give the bank’s 90,000 business customers a link between their bank account activity and their accounting package…. Read More

December 18, 2019 @ 2:19 pm By Samantha Hurst  |  

Chinese digital bank WeBank announced on Wednesday it has formed new partnerships with cloud computing platform Tencent Cloud and deep learning research Mila. According to WeBank, the partnerships will seek to protect data privacy while enabling cross-organization collaborations in both AI and fintech, which is… Read More

December 18, 2019 @ 12:00 pm By Samantha Hurst  |  

FinVolution Group, a China-based fintech that connects underserved individual borrows with financial institutions, announced on Wednesday it has made an equity investment in Fujian Haixia Bank (FHB). The company reported it has subscribed for 281 million of newly issued shares of the bank, which notably… Read More

December 17, 2019 @ 12:28 pm By Samantha Hurst  |  

Marqeta, a fintech unicorn that claims to be the first global modern card issuing platform, announced on Tuesday it is set to issue its 140 millionth card in 2019, ending a calendar year filled with major growth milestones as its open API payments issuing and… Read More

December 17, 2019 @ 9:18 am By Samantha Hurst  |  

Nummo, a personal financial management platform based in Switzerland, announced on Tuesday it is set to offer access to savings accounts through Deposit Solutions’ platform. “With the help of Deposit Solutions, Nummo will be going beyond the standard features of budgeting, retirement planning and debt… Read More