Tagged: fintech adoption

Fintech Firm Xendit Secures $300M via Series D Co-Led by Coatue and Insight Partners

Singapore Asia

Xendit, one of the “fastest-growing” payments infrastructure platforms for Southeast Asia, announced that it closed $300 million in Series D funding, “taking the total amount raised to $538 million to power the world’s fastest-growing digital economy.” Coatue and Insight Partners co-led the investment round “with… Read More

Fintech YAP Obtains In-Principle Approval from State Bank of Pakistan for E-Money Institute License

Pakistan Money 1

YAP, a Fintech streamlining the virtual banking experience in the MENA and South Asia region, has announced that it has been granted an In-Principle Approval (IPA) from the State Bank of Pakistan for an Electronic Money Institute (EMI) License. The approval provides “a tremendous opportunity… Read More

Fintech Square Acquires GoParrot to Provide Advanced Capabilities for Restaurants

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  Square, part of Block (NYSE:SQ), recently announced that it acquired GoParrot, an “all-in-one” digital ordering and marketing platform for restaurants. GoParrot enables restaurants “to connect more easily and directly with customers through powerful omnichannel software.” As a long-time Square partner, GoParrot’s products already “integrate… Read More

Splitit Introduces Installments-as-a-Service Platform, Announces OCM as First Merchant to Adopt the Tech

Andrew Jackson Money 20 Dollars Red

Splitit recently unveiled a new way to drive installment payments via its merchant-branded Installments-as-a-Service platform. Instead of originating new loans, Splitit taps existing consumer credit on payment cards “to simplify the checkout experience embedded into the existing payment flow.” While merchants are experiencing increased sales… Read More

Neon, Brazil’s Newest Unicorn, Drives Innovation to Address Financial Inequalities

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Neon, a Fintech firm and digital bank focused on “improving the lives of working Brazilians,” has announced an overview of the company’s growth and momentum that “led up to its recent US$300M Series D round, resulting in a valuation of US$1.6B and its achievement of… Read More

Open Banking Fintech Volt Introduces Transformer to Help Merchants Bypass High Interchange Fees

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Open Banking Fintech Volt has introduced a product aimed at helping merchants save on excessive debit card (interchange) fees by encouraging shoppers “to seamlessly switch to an open banking payment AFTER choosing to pay with a debit card at the checkout.” After recognizing the banking… Read More

Fintech Dwolla Celebrates Nacha’s Announcement of Same Day ACH Transaction Limit Increase

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Dwolla, a Fintech powering innovation with sophisticated account-to-account payment solutions, “celebrates” Nacha‘s announcement of the Same Day ACH transaction limit increase “from $100,000 to $1 million.” Effective March 18, the $1 million limit was “applied to all Same Day ACH transactions.” Dwolla expects this update… Read More

Fintech Greenlight Announces Credit Card for Parents, 3% Cash Back to Auto-Invest

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Greenlight Financial Technology, Inc., the Fintech firm on a mission to help parents raise financially-smart kids, recently announced the Greenlight Family Cash Mastercard, a credit card designed “to help parents save for their kids’ college and family’s future.” The Family Cash Card is the “first… Read More

Investor Platform Equito Introduces Crowdfunding Solution to Unlock Financing for SMEs

Euro Money iPhone Digital Banking

Cryptix, the Fintech Web 3.0 venture builder, recently announced that it has received regulatory approval to launch Equito – which is described as “a fully regulated, all-in-one investor platform designed to unlock new financing channels for European start-ups and SMEs (small to medium sized enterprises).”… Read More

Krepling Launches “Agnostic” Virtual Wallet for Digital Commerce

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Krepling, one of the “fastest growing” digital commerce platforms on the market, recently  announced the launch of the “first” agnostic digital wallet for e-commerce, Krepling Pay. Unlike the platform’s existing competitors – Apple, Google, ShopPay – Krepling Pay is compatible “with every device and every… Read More

Neobank: Fintech Firm Dave Reports Q1 2022 Financial Results

Bank Banking Ask Us How

Dave Inc. (Nasdaq: DAVE, DAVEW), a neobank on a mission to build products that “level the financial playing field,” recently reported its financial results “for the first quarter ended March 31, 2022.” Dave utilizes Evolve Bank & Trust to provide its digital financial services. Jason… Read More

Fintech Klarna Introduces Virtual Shopping, Bringing In-Store Experience to Online Consumers

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Klarna, a global retail bank, payments, and shopping service, recently announced the launch of its Virtual Shopping offering, “bringing the best of in-store to the online experience.” Virtual Shopping by Klarna “enables consumers to browse and buy online with confidence by connecting them directly with… Read More

Katanox, the Travel Accommodation Distribution and Fintech Platform, Secures $5.7M in Capital

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Katanox, the travel accommodation distribution and Fintech platform, has acquired $5.7 million from a group of financial, hospitality, and tech entrepreneur family offices “to overhaul and reconfigure B2B distribution in hospitality.” The group of investors reportedly “includes Rappi and Yuno co-founder Juan Pablo Ortega, co-founder… Read More

Minna Technologies Introduces Merchant Solution to Address Subscription Cancellations

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Minna Technologies recently announced the release of its Merchant Solution, “supporting subscription-based businesses with their need to retain, grow and acquire customers.” This recent announcement marks Minna’s expansion into the merchant community, “providing global subscription-based businesses with the ability to recover revenue from previously canceled… Read More

Former BlackRock Lawyer Shahan Jamil Joins Islamic Fintech Wahed

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Wahed Inc., an international Islamic Fintech firm, has announced the appointment of former BlackRock lawyer, Shahan Jamil, “as Deputy General Counsel based in London.” In this role, Shahan will be “a key contributor to the company’s legal function led by Wahed’s Chief Legal Officer and… Read More

PepsiCo Taps Billtrust’s Automated Credit App Solution in Introducing the Distribution of Hard Mountain Dew

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Billtrust (NASDAQ: BTRS), a B2B accounts receivable automation and integrated payments provider, recently announced that PepsiCo has now deployed its automated Credit Application solution “to support the distribution of HARD MTN DEW, a new Mountain Dew-branded alcoholic beverage.” For the distribution, Blue Cloud Distribution, Inc…. Read More

Fintech Unicorn Brex Takes Cards, Spend Management Global Across 100+ Nations

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Brex, the firm that is “reimagining” finance for growing businesses, recently announced it is expanding Brex Empower to serve employees from US-based companies in over 100 countries “across card, spend management, and reimbursements.” Brex Empower — a new software platform designed to enable businesses to… Read More

Fintech Current Introduces Platform API, Teams Up with Plaid to Deliver Open Finance Solutions

Open Small Business SME

Current, a U.S. financial technology platform serving Americans working to “create a better future” for themselves, recently announced the launch of its platform API, “built to facilitate seamless integrations and embedded banking experiences.” Plaid, the API-first data network powering the digital financial ecosystem, is reportedly… Read More

BNPL Fintech Klarna Introduces Flexible Work Policy

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Klarna, an international retail bank, payments and shopping service that helps consumers save time and money, “be informed and in control,” recently announced its new Flexible Work Policy designed “to offer employees greater choice, autonomy, and flexibility in how and where they choose to work.”… Read More

KeyBank Acquires Fintech Firm GradFin, which Is Focused on Student Loan Counseling

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KeyBank has reportedly acquired another Fintech. This time, the company has bought a business that works cooperatively with consumers who may have outstanding student loan debt. The Cleveland-headquartered banking institution confirmed on Monday (May 10, 2022) that it had acquired GradFin, which provides counseling to… Read More

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