Tagged: fintech adoption

June 6, 2023 @ 7:06 am By Omar Faridi  |  

Global PayTech Ventures (GPT) announced its recent investment in Klearly, whose free app allows merchants to not only accept payments via smartphone, but also evaluate important business insights. The merchant-focused payment solution “helps European business owners operate more efficiently and provide better service to customers.”… Read More

June 5, 2023 @ 11:45 pm By Omar Faridi  |  

Klarpay AG is pleased to announce a significant expansion of its product offering to include local Automated Clearing House (ACH) payments in more than 40+ currencies. This new capability allows Klarpay’s customers “to execute cross-border payments directly via local ACH systems within select countries.” The… Read More

June 5, 2023 @ 10:38 pm By Omar Faridi  |  

Nium, the firm focused on real-time global payments, has enhanced its market-leading payroll payments solution to support the complex needs of payroll platforms worldwide. Nium’s payroll solution “simplifies global growth for a majority of payroll platforms, including Panther, a provider of global employment, payroll, benefits,… Read More

June 5, 2023 @ 9:44 pm By Omar Faridi  |  

Ant Group released its 2022 Sustainability Report, highlighting progress made in implementing its Environmental, Social and Governance (ESG) strategy throughout 2022. In the technological innovation field, Ant Group has “invested RMB 20.46 billion (approx. USD 2.89 billion) in research and development (R&D) in 2022, effectively… Read More

June 5, 2023 @ 9:35 pm By Omar Faridi  |  

Tabby, the MENA region’s shopping and financial services app, has successfully closed a new financing round “resulting in upsizing its debt facility to $350 million, over a 2X increase since its last debt raising announcement.” The investment round reportedly “involved the participation of key global… Read More

June 5, 2023 @ 9:34 pm By Omar Faridi  |  

Blackhawk Network (BHN) has partnered with Google Play in order “to launch a new way for consumers to enjoy their favourite digital apps and games by transacting in physical retail locations to convert real-world cash into digital currency.” The partnership is “powered by BHN’s systems… Read More

June 5, 2023 @ 11:34 am By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, announces the launch of Payout Services. This offering reportedly “enables Adyen’s customers to payout acquired funds in the preferred method of their affiliated users or partners with increased velocity, and represents Adyen’s… Read More

June 5, 2023 @ 9:19 am By Omar Faridi  |  

AAZZUR, an innovative embedded finance integrator, has collaborated with Salt Edge, a leading open banking platform, to enrich its open banking offers and accelerate go-to-market for its clients. The collaboration will see Salt Edge’s open banking technology and compliance solution integrated “into AAZZUR’s embedded finance… Read More

June 5, 2023 @ 8:24 am By Omar Faridi  |  

Xapo Bank, a fully licensed private bank that combines traditional banking with access to Bitcoin and stablecoins, announced an integration with the single euro payments area (SEPA) network, allowing members the seamless movement of funds in Euros (EUR). First introduced in 2008 and comprising 36… Read More

June 4, 2023 @ 10:27 pm By Omar Faridi  |  

Earlier this week, N26 announced the appointment of international regulatory compliance and governance professional Déborah Carlson-Burkart to its Group Supervisory Board. Déborah will reportedly work closely “with existing board members Marcus W. Mosen, Jörg Gerbig, Dr. Barbara Roth and Dr. Julian Deutz, as well as… Read More

June 4, 2023 @ 9:55 pm By Omar Faridi  |  

Sway, a company that aims to turn your phone into a payment terminal & accept in-person payments without transaction fees, has reportedly raised 111% (£627,157) of its £560,000 target from 335 investors (at the time of writing) through its crowdfunding campaign, carried out via Seedrs…. Read More

June 4, 2023 @ 12:17 pm By Omar Faridi  |  

Green fintech ekko has announced its board of advisors. The team “includes experts in climate change, commercial, scale-ups, marketing, financial services, technology, and customer-led growth industries.” As noted in the update, ekko has announced “the formation of its board of advisors.” The board comprises “a… Read More

June 3, 2023 @ 10:15 pm By Omar Faridi  |  

IOST is pleased to announce a collaboration with Professor Emil Chan, a Fintech visionary and digital transformation professional. Together, they will create NextEduDAO, a decentralized autonomous organization (DAO) dedicated to improving higher education “through innovation.” Their mission is “to establish a leading global education DAO… Read More

June 3, 2023 @ 10:13 pm By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, today announced a new charge card program for Stripe Issuing, Stripe’s commercial card issuing product. With the addition of charge cards, fintechs and platforms can “create and distribute virtual or physical charge cards that allow their customers to… Read More

June 3, 2023 @ 1:11 pm By Omar Faridi  |  

Brex, which claims to be the first fully unified global spend platform, announced significant momentum and growth of two of its products — Empower, Brex’s spend management platform, and Brex business accounts — which “have each achieved $100M in ARR.” In the year since its… Read More

June 2, 2023 @ 3:22 pm By Omar Faridi  |  

Tink, Europe’s open banking platform, and ecolytiq, a climate engagement solution, are collaborating to incorporate financial and sustainability-focused coaching into a seamless experience. By combining the power of money management tools with climate education tools,  Tink will make it possible “for new and existing customers… Read More

June 2, 2023 @ 12:09 pm By Omar Faridi  |  

Standard Life, part of Phoenix Group, has partnered with Moneyhub, the open finance data and payments fintech, “to enhance its digital app and dashboard, rolling out its own open finance powered tool, Money Mindset, to its existing 1.5 million workplace pension scheme members.” The addition… Read More

June 2, 2023 @ 9:39 am By Omar Faridi  |  

Revolut, the global financial super app, has reportedly surpassed 30 million retail customers worldwide, and is now “processing over 400 million transactions a month.” While these figures are significant, Revolut has been unable to secure a banking license in the UK (where its headquarters are… Read More

June 2, 2023 @ 8:37 am By Omar Faridi  |  

FintechOS, the fintech enablement platform, announced a series of accomplishments from 2022 to the present, illustrating its momentum and leadership in the new industry category of fintech enablement. The accomplishments illustrating the momentum of FintechOS, and the interest of financial institutions in “modernizing and innovating… Read More

June 1, 2023 @ 11:13 pm By Omar Faridi  |  

Mesh Payments announced the expansion of its unified spend management platform to support global multinational businesses operating in Europe, UK, and Asia in local currencies. Mesh now enables companies “to operate globally across international entities, issue local cards and settle in local currencies all from… Read More