Tagged: fintech adoption

June 20, 2023 @ 11:02 pm By Omar Faridi  |  

Finance Secretary Benjamin E. Diokno and Ambassador of India to the Philippines Shambhu Santha Kumaran signed a memorandum of understanding (MOU) on June 19, 2023 at the Department of Finance (DOF) office in Manila “to enhance cooperation between the Philippines and India in the field… Read More

June 20, 2023 @ 9:23 pm By Omar Faridi  |  

TransBnk, the Mumbai-based Fintech startup, has successfully raised $1 million in seed funding. The investment round was “led by 8i Ventures, the early stage India-focused VC fund known for its notable successes in the fintech space, including M2P, Slice, Easebuzz, amongst others.” Other contributors to… Read More

June 20, 2023 @ 11:12 am By Omar Faridi  |  

Global fintech SumUp has unveiled its latest UK campaign, with a merchant-centric push that champions the businesses, entrepreneurs and SMEs that power the country, dubbed ‘Local Heroes’. The focus of the campaign is SumUp merchants “from West London and its aim is to use a… Read More

June 19, 2023 @ 11:27 pm By Omar Faridi  |  

Douugh Ltd (ASX: DOU), the consumer fintech on a mission to empower everyday Aussies to take control of their money and build long term wealth on autopilot, is announcing the launch of the “world’s first” Pay Now or Pay Later Stockback rewards Mastercard. With the… Read More

June 19, 2023 @ 11:44 am By Omar Faridi  |  

Sylon Asesores, a registered investment advisor launches Rivium, in collaboration with Alpaca‘s advanced brokerage technology. This provides Mexican investors “with a user-friendly app that delivers a comprehensive and customized banking and investing experience.” The platform reportedly “offers diverse investment products, including individual stocks, fractional shares,… Read More

June 19, 2023 @ 9:11 am By Omar Faridi  |  

iCapital, the global fintech platform driving access to alternative investments for the wealth management industry, announced the launch of iCapital Marketplace, the platform connecting wealth managers and advisors “with alternative investment opportunities offered by the world’s leading investment providers and asset managers.” Powered by its… Read More

June 19, 2023 @ 9:07 am By Omar Faridi  |  

In another step to expand access to credit and broaden its portfolio, Nubank (NYSE: NU), which claims to be one of the largest digital financial services platforms in the world, announces a new type of loan with investments in Tesouro Direto (treasury Securities) as collateral…. Read More

June 19, 2023 @ 8:52 am By Omar Faridi  |  

Klarna, the AI powered global payments network and shopping destination, unveiled new tools enabling consumers to make more informed purchasing decisions and take action for the planet, “including a top-up donations feature and expanded CO₂e emissions tracking insights within the Home & Gardens and Jewelry… Read More

June 19, 2023 @ 8:39 am By Omar Faridi  |  

Bitpanda Cash Plus is described as a new way for the community “to earn 2.57% yield and even more on their cash, and another big step towards our goal of simplifying wealth creation for everyone.” As explained in a blog post, Bitpanda Cash Plus claims… Read More

June 18, 2023 @ 3:38 pm By Omar Faridi  |  

Pilon, a Singapore-headquartered FinTech firm that offers cloud-based Supply Chain Financing system, announced that it has successfully secured a top-up round from Philippines-based Kaya Founders “to accelerate growth plans and strengthen its presence in the Philippines market.” This undisclosed round of funding “follows a highly… Read More

June 18, 2023 @ 3:34 pm By Omar Faridi  |  

Thunes, the global B2B payment infrastructure platform, today announced the inauguration of its new office in Beijing, China. This strategic move signifies Thunes’ commitment “to empowering Chinese businesses and consumers by providing faster and more affordable transactions with key international markets.” The opening ceremony of… Read More

June 18, 2023 @ 12:33 pm By Omar Faridi  |  

WeLab Bank, which claims to be the most innovative bank in Hong Kong, announced the expansion of its wealth management services with the launch of their new Featured Fund Platform. WeLab Bank ventured into wealth management business last year, “pioneering a personalized and intelligent investment… Read More

June 18, 2023 @ 12:29 pm By Omar Faridi  |  

Comerica Bank announced the launch of Comerica Small Business Convenient Capital, its first “fully digital,” end-to-end new lending platform “to provide convenient access to capital and innovative value-added benefits for Comerica small business customers.” Built in collaboration with Amount, a digitally enabled lender and credit… Read More

June 18, 2023 @ 12:26 pm By Omar Faridi  |  

Paro, a Chicago-based startup disrupting the way companies access on-demand finance and accounting expertise, announced it raised $25 million in Series C funding to further “develop its platform supporting freelance experts and continue its expansion with enterprise clients.” The investment round was “led by Top… Read More

June 18, 2023 @ 6:11 am By Omar Faridi  |  

Profile, a financial solutions provider, has implemented its treasury management system Acumen.plus at Diamond Trust Bank. The fully STP, real-time cloud-native platform “that delivers advanced UX and automation to the modern Treasurer, offers new functionalities covering Kenya, Uganda and Tanzania.” Diamond Trust Bank (DTB) is… Read More

June 16, 2023 @ 9:57 am By Omar Faridi  |  

Tide, the business financial platform, has announced it will help 200,000 female-led businesses start out by the end of 2027. It is the first fintech to support female-led SMEs on this scale. The commitment is part of Tide‘s efforts “to promote gender equality and remove… Read More

June 16, 2023 @ 9:34 am By Omar Faridi  |  

VC firm Molten Ventures has reportedly written down its current holding in digital banking platform Revolut by a sizeable 40%. This move is adding to the Fintech firm’s recent challenges as it struggles to obtain a UK banking license. Molten Ventures has discounted the value… Read More

June 15, 2023 @ 11:29 pm By Omar Faridi  |  

The team at Yapily has hired Tanya Ziv as Chief Operating Officer (COO) to lead operations and strengthen their position as the leading open banking platform in the UK and Europe. With over 15 years of experience leading compliance and risk departments in the fintech… Read More

June 15, 2023 @ 12:48 pm By Omar Faridi  |  

Umpqua Bank announced the rollout of Integrated Receivables, a “powerful” cloud-based platform for business customers that will help accounting departments “streamline the processing of high volumes of invoiced payments each month, strengthening companies’ cashflow management and overall efficiency.” Umpqua’s Integrated Receivables helps “eliminate a critical… Read More

June 14, 2023 @ 12:22 pm By Omar Faridi  |  

ForwardAI, a fintech providing aggregated direct data access to accounting and ERP platforms, today announced the launch of Forwardly, the first of its kind real-time payment (RTP) enabled cash flow management tool “for small and medium sized businesses in North America.” Forwardly was designed “to… Read More