Tagged: fintech adoption

September 11, 2023 @ 9:53 pm By Omar Faridi  |  

Scholar Fund is a non-profit offering education, workforce placement, and financial assistance for underserved communities. Recently, they managed the application and distribution of “a $5 million fund supporting over 6,000 Washington families and 20,000 children that are 200% below the poverty line.” To make this a… Read More

September 9, 2023 @ 12:46 pm By Omar Faridi  |  

Central Asian fintech Alif makes its mark in the UAE with Alif Pay, providing financial services and global remittance for UAE residents. Digital transformation professional Shafique Ibrahim takes on the role as Alif Pay’s CEO, spearheading the launch and “reinforcing the platform’s innovative approach to financial… Read More

September 8, 2023 @ 4:41 pm By Omar Faridi  |  

The RTP Network, the instant payments system operated by The Clearing House that is available to all insured depository financial institutions in the United States, surpassed the one million daily payment milestone “on September 1 as more financial institutions and their customers realize the benefits… Read More

September 8, 2023 @ 4:38 pm By Omar Faridi  |  

Inpay, which claims to be one of Europe’s fastest-growing fintech companies, and Cambodia Post Bank Plc. (CPBank), one of Cambodia’s commercial banks, have “entered into a partnership to introduce international money transfer services in Cambodia.” Through the partnership, CPBank’s customers in Cambodia and abroad “will… Read More

September 8, 2023 @ 12:19 pm By Omar Faridi  |  

Berlin-based fintech Upvest is set to provide Plum, the smart money app, with its investment API, enabling Plum to expand its range of investment opportunities to EU customers. Plum currently offers 3,000 US stocks to EU customers. Following this partnership, Plum will have the functionality… Read More

September 8, 2023 @ 12:16 pm By Omar Faridi  |  

Netcompany acquired a 20% stake in the Danish based Festina Finance – a provider of software for the Life and Pension industry with a customer base in Denmark and the Netherlands. The investment will accelerate the entry “into new markets for Festina Finance and enhance… Read More

September 8, 2023 @ 12:14 pm By Omar Faridi  |  

Treyd, the Stockholm-headquartered Fintech that pays suppliers upfront on behalf of growing retail businesses, announces the completion of a $12 million (£9 million) extension of its March 2022 Series A funding. The extension funding brings the total investment in Treyd to $25 million (£20m). The… Read More

September 8, 2023 @ 9:42 am By Omar Faridi  |  

Executing on its global approach to building an end-to-end financial technology platform, Adyen’s UK banking authorization secures ongoing service levels for UK businesses. Adyen (ADYEN:AMS), the global financial technology platform of “choice” for businesses, announced that its UK branch has been “granted authorization as a… Read More

September 7, 2023 @ 10:55 pm By Omar Faridi  |  

Mastercard (NYSE: MA) and Fintech Saudi have announced the signing of a memorandum of understanding during Seamless Saudi Arabia 2023 “to advance the growth and development of the Saudi Arabia fintech industry.” The announcement marks another step “towards powering an inclusive digital economy and advancing… Read More

September 7, 2023 @ 10:19 pm By Omar Faridi  |  

Nu Mexico announces the launch of its new product: personal loans. Like all Nu products, the launch will follow “a phased rollout process, starting in the coming days with a group of employees who will begin testing the product, to then expand the offering to… Read More

September 7, 2023 @ 10:18 pm By Omar Faridi  |  

Commonwealth Bank of Australia (CBA) announced its venture-scaling arm, x15ventures, has entered an agreement “to acquire cloud-based invoice lending platform Waddle, accelerating the bank’s ambition to provide leading working capital solutions for Australian businesses.” CBA has an existing partnership with Waddle “through its Stream Working… Read More

September 7, 2023 @ 11:44 am By Omar Faridi  |  

Momnt, a Fintech company specializing in real-time lending and payment solutions for businesses, is announcing the closing of its latest capital raise, “totaling $15 million.” TruStage Ventures led the investment round “with participation from Saluda Grade Ventures, existing investors, and a new investment from a… Read More

September 6, 2023 @ 10:37 pm By Omar Faridi  |  

Airwallex, a global payments and financial platform for modern businesses, today announced the launch of “Airwallex for Startups”, a business readiness campaign “exclusively for Hong Kong entrepreneurs to support their global growth ambitions.” With the support of Hong Kong flagship incubators, and in collaboration with… Read More

September 6, 2023 @ 9:35 pm By Omar Faridi  |  

Uldis Tēraudkalns, CEO of Nexpay, a fintech scale-up providing business banking solutions for digital companies, recently shared his views and insights with CI. Licensed by the Bank of Lithuania and operating across Europe, Nexpay reportedly processes over €2.5 billion annually and has helped over 600… Read More

September 6, 2023 @ 12:47 pm By Omar Faridi  |  

The Founders Arena WealthTech Accelerator, in strategic partnership with First Rate, Inc., SEI and the City of Arlington announced its first cohort, selecting Charityvest, InvestSuite, Lumiant.io, Manifest, Sora Finance and Tax Status in order “to participate in its inaugural accelerator program in Arlington, Texas.” As… Read More

September 5, 2023 @ 11:51 am By Omar Faridi  |  

Merchant commerce omnichannel platform, Pine Labs has announced the launch of Mini, a revolutionary QR and Card acceptance device. Expected to be available at nearly one-third of the cost of a regular Point of Sale (PoS) terminal, Pine Labs Mini is described as “an ideal… Read More

September 4, 2023 @ 10:09 am By Omar Faridi  |  

As more countries implement real-time payments rails (including the U.S. in July with FedNow), the next big frontier in the industry is the race to develop the best real-time cross-border payments solutions. ACI Worldwide (NASDAQ: ACIW), a global provider of real-time payments solutions, can speak… Read More

September 4, 2023 @ 9:13 am By Omar Faridi  |  

Keyrock, a digital asset market maker, is announcing the selection of eight web3 and Fintech startups for the 1st edition of its acceleration program in partnership with Tenity, a prominent global accelerator and incubator for fintech. The first edition of Keyrock’s Accelerator Program will “start… Read More

September 4, 2023 @ 9:04 am By Omar Faridi  |  

The Houston Rockets and Toyota Center announced they have entered into a long-term partnership with DailyPay, an on-demand provider. In addition, DailyPay will become “the presenting partner of an Employee of the Month recognition program which will reward Rockets and Toyota Center event employees.” DailyPay… Read More

September 2, 2023 @ 10:20 am By Omar Faridi  |  

Users in Germany and the UK can now link their PayPal (NASDAQ:PYPL) account directly to Coinbase (NASDAQ:COIN) in order to buy cryptocurrencies, “providing a hassle-free, trusted, and secure purchasing and withdrawal option.” Coinbase now offers their German and UK users a quick and hassle-free method… Read More