Tagged: financial technology

October 2, 2019 @ 10:01 am By Samantha Hurst  |  

AI-powered automatic savings account mobile app, Chip, is set to close its latest equity crowdfunding campaign on Crowdcube with more than £3.9 million secured. The funding round was launched at the end of September and quickly secured its initial £1 million funding target. Chip is… Read More

September 27, 2019 @ 9:32 am By Samantha Hurst  |  

Less than a year after raising  £3.4 million through its previous Crowdcube round, AI-powered automatic savings account mobile app, Chip, has returned to the equity crowdfunding platform. Originally seeking £1 million, the company quickly surpassed the funding target has now raised over £3.4 million from… Read More

January 20, 2019 @ 2:20 pm By Samantha Hurst  |  

Asia-Pacific Fintech Network, a new network created by fintech associations from across the Asia-Pacific region, has officially launched to encourage cross-border innovation. The organization was created by nine associations that signed a Statement of Intent at the Asian Financial Forum event in Hong Kong.  The participants… Read More

December 17, 2018 @ 10:48 am By Samantha Hurst  |  

JB Financial Group (KRX:175330), a Korea-based retail finance group, announced on Monday it has signed a memorandum of understanding (MOU) with CIMB Niaga, a leading Indonesian commercial bank, and MITRA JASA LIMA for the open banking platform business in Indonesia.  According to JB Financial, the… Read More

December 11, 2018 @ 3:02 pm By Samantha Hurst  |  

Plaid, a U.S.-based fintech startup, announced on Tuesday that it is secured $250 million through its Series C funding round, which was reportedly led by venture capitalist and Internet Trends author, Mary Meeker. Plaid was founded in 2012 and focuses on enabling innovation and democratizing… Read More

December 11, 2018 @ 9:31 am By Samantha Hurst  |  

Motive Partners, an investment firm focused on technology-enabled companies that power the financial services industry, announced on Tuesday it has acquired a controlling interest in Finantix, which is a provider of technology enabling the digitalization of omni-channel advisory, sales, and services processes of private banks, wealth managers and insurance companies. This… Read More

December 3, 2018 @ 9:39 am By Samantha Hurst  |  

U.S. fintech startup Kyriba Corp. announced on Monday it has formed a partnership with WorldFirst, a foreign exchange and international payments expert, to expand its global solution ecosystem. According to Kyriba, the partnership with WorldFirst will streamline payment processes, increase the speed and transparency of cross-border payments, and… Read More

November 30, 2018 @ 9:20 pm By Samantha Hurst  |  

The Mauritius Africa Fintech, an organization based in Port Louis, announced on Friday its new hub is currently set to open this December. According to the not-for-profit, the hub is being supported by the Mauritian government, regulatory authorities and financial service providers, both big and… Read More

November 20, 2018 @ 11:20 am By Samantha Hurst  |  

Intesa Sanpaolo announced on Tuesday it is bringing its customers Apple Pay, which is available on all credit cards, prepaid cards and XME Card debit cards issued by the Intesa Sanpaolo Group. According to the fintech, Apple Pay adds another important step to the digital transformation process… Read More

November 20, 2018 @ 8:51 am By Samantha Hurst  |  

UK challenger bank Monzo announced on Monday it is now bringing instant signup to Google Pay. This news comes just six months after the fintech announced users are now able to use Apple Pay for purchases. Monzo reported that if users sign up to Monzo today on… Read More

November 19, 2018 @ 10:04 am By Samantha Hurst  |  

Biz2Credit announced on Monday it is working with HSBC Bank Canada to give Canadian small business owners quicker and easier access to apply for business financing through HSBC eCredit. According to the duo, HSBC eCredit is a digital-first approach to lending, which will allow small business… Read More

November 19, 2018 @ 9:56 am By Samantha Hurst  |  

OneConnect, a subsidiary of China’s insurance giant, Ping An, announced on Monday it officially opens in Singapore this month and is set to expand within the region at a rapid pace. The company reported that while it is the early days for OneConnect Singapore, the new office have already received overwhelming regional customer… Read More

November 18, 2018 @ 8:44 pm By Samantha Hurst  |  

Chip, an AI-powered automatic savings account mobile app, has successfully secured more than £3.4 million from over 5,580 investors in less than two weeks through its recent equity crowdfunding campaign on Crowdcube. The company previously raised nearly £1 million through its first Crowdcube round in 2017…. Read More

November 16, 2018 @ 10:30 am By Samantha Hurst  |  

Money Dashboard, a UK-based online personal financial management service, announced this week it has in-app integrated with pension manager PensionBee. As previously reported, Money Dashboard is described as a personal financial assistant that shows users exactly where money goes and helps the user make better financial decisions…. Read More

November 16, 2018 @ 10:16 am By Samantha Hurst  |  

Bitsafe, a Holland-based fintech, announced earlier this week the launch of its borderless Basic Payment Account. According to the startup, this new account works just like a local bank account and allows account holders can make deposits, make payments and withdraw funds. Every Bitsafe account comes… Read More

November 16, 2018 @ 9:40 am By Samantha Hurst  |  

PayPal Holdings, Inc. (NASDAQ: PYPL) announced on Thursday it has completed its acquisition of Hyperwallet for approximately $400 million USD. According to the firm, this transaction will strengthen PayPal’s payout capabilities and enhance PayPal’s ability to provide an integrated suite of payment solutions to e-commerce… Read More

November 15, 2018 @ 9:32 pm By Samantha Hurst  |  

Self Lender, a U.S.-based fintech startup that offers Americans a way to build their credit while also saving money, today announced a $10 million round of Series B financing, which was led by Altos Ventures with additional participation from Silverton Partners, Accion Venture Lab, and others. The company… Read More

November 14, 2018 @ 8:10 am By Samantha Hurst  |  

UK-based challenger bank Monzo has teamed up with PayPoint to use its cash payments solution for its current account holders. According to the fintech, customers may now deposit up to £300 cash directly into their Monzo account in a single transaction at any of PayPoint’s 28,000 stores…. Read More

November 13, 2018 @ 3:30 pm By Samantha Hurst  |  

The Astana Financial Services Authority (AFSA), Astana International Financial Centre Authority (AIFCA) and the Monetary Authority of Singapore (MAS) announced on Tuesday they have signed a tripartite Cooperation Agreement to boost FinTech ties between Singapore and Kazakhstan. The Cooperation Agreement was signed by Mukhtar Bubeyev, Acting… Read More

November 12, 2018 @ 8:03 am By Samantha Hurst  |  

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Monday it has formed a new partnership with Beijing Evercare, a company that provides medical aesthetic treatments and health management service. Pintec reported that it will provide Beijing Evercare with an efficient and customized installment payment solution, enabling… Read More