Tagged: fintech adoption

February 3, 2023 @ 8:28 am By Omar Faridi  |  

Revolut, the global financial super app with 25 million retail customers worldwide, is launching a new “unparalleled” membership plan, Ultra, to customers in the UK and Europe. The new top-tier plan, boasting “exceptional” perks, is “coming in spring 2023.” New and existing customers are encouraged… Read More

February 2, 2023 @ 8:49 pm By Omar Faridi  |  

MNT-Halan, Egypt’s “fastest growing” fintech ecosystem, announced that Chimera Abu Dhabi has invested more than $200 million in equity in exchange for over 20% of the company. In addition, the company claims it is “in advanced stages with leading international investors to raise $60 million… Read More

February 2, 2023 @ 8:44 pm By Omar Faridi  |  

Wade Arnold, founder and CEO at Moov, notes that when it started in Fintech, it wasn’t commonly called Fintech yet. They just called it financial services back then. In that previous life, he spent a lot of time connecting “to processors, and a lot of… Read More

February 2, 2023 @ 8:38 pm By Omar Faridi  |  

Quick and easy payouts trump all other factors for North American and U.K. online sports bettors when selecting a sportsbook, according to the latest All the ways players pay research from payments platform Paysafe (NYSE: PSFE). The report also “reveals the crucial role of the… Read More

February 2, 2023 @ 8:46 am By Omar Faridi  |  

Treasury Prime, an embedded banking software platform, announced it raised $40 million in Series C funding. The investment round was “led by BAM Elevate with investment from The Banc Funds Company and Invicta as well as continued participation from Series B investors Deciens, QED and… Read More

February 1, 2023 @ 9:45 pm By Omar Faridi  |  

Strike, which claims to be the world’s “leading” digital payments platform built on Bitcoin’s Lightning Network, announced the expansion of its “Send Globally” product to the Philippines. Send Globally now “enables fast, secure, and low-cost money transfers between the U.S. and the Philippines, revolutionizing traditional… Read More

February 1, 2023 @ 9:31 pm By Omar Faridi  |  

Paymentology, which claims to be the “first” global issuer-processor, announces the appointment of Nadia Benaissa as Global Head of Marketing, and member of its leadership team. Nadia is “a seasoned marketing expert with a passion for fintech, bringing with her more than 20 years’ experience… Read More

February 1, 2023 @ 5:01 pm By Omar Faridi  |  

Personetics, the global leader in financial data-driven customer engagement, released a report titled “Spotlight on North America: Banks and Credit Unions Need to Promote Customers’ Financial Well-Being.” The report, based “on a study conducted by Forrester Consulting on behalf of Personetics, details the opportunities and… Read More

February 1, 2023 @ 9:33 am By Omar Faridi  |  

ViewTrade, the force that powers fintech, announced extensive client growth over the course of 2022 as the firm continues to expand, “now serving financial services firms in 26 countries.” Culminating in the launch of a carrying broker services offering in December, 2022 was a year… Read More

January 31, 2023 @ 10:20 pm By Omar Faridi  |  

Engage People, which claims to be the only loyalty network that enables program members to pay with points (PwP) directly at checkout, announced it is partnering with Velocity Logic, a reward technology company, “to allow bp retail consumers to use their loyalty and rewards points… Read More

January 31, 2023 @ 10:13 pm By Omar Faridi  |  

Mayfair, a Fintech startup backed by Tiger Global and Amity Ventures, is helping companies put “every last idle dollar to work.” Its clients avoid “the price and liquidity risks of financial products typically marketed to businesses, and can take advantage of automated cash management to… Read More

January 31, 2023 @ 8:09 am By Omar Faridi  |  

Large enterprises today are facing significant macroeconomic uncertainty across the world, according to an update from Paysend. Alexander Budyakov, Enterprise Business Executive, Paysend, notes that the fallout of the COVID-19 pandemic continues “to disrupt markets and supply chains whilst inflationary pressures and fluctuating currency markets… Read More

January 30, 2023 @ 7:41 pm By Omar Faridi  |  

Juniper Research defines credit cards as a payment instrument which allows consumers as well as cardholders “to borrow money to pay for products and services, and make deferred payments for their purchases in exchange of monthly interest based on the amount owed.” As noted in… Read More

January 26, 2023 @ 12:06 pm By Omar Faridi  |  

Milo, a financial technology company that is reimagining the way crypto and global consumers access financial solutions, announced the launch of its new crypto loan product. This launch means that digital asset-holders will now have the opportunity “to use their cryptocurrency as collateral to access… Read More

January 26, 2023 @ 8:56 am By Omar Faridi  |  

We recently caught up with Girts Straujums, CEO of WeavePay, a UK-based payment platform that helps businesses go borderless. Girts Straujums talked about the issues facing Fintech platforms and how certain customer needs are still not being met. Straujums also shared the main reasons why… Read More

January 26, 2023 @ 8:16 am By Omar Faridi  |  

Klarna, which claims to be the global leader in the generational shift away from credit cards,  announced the launch of Money Story in the US Klarna App – “a personal spending summary of 2022 that provides millions of consumers with useful insights into their spending… Read More

January 25, 2023 @ 6:17 pm By Omar Faridi  |  

UAE-based Alaan, the spend management platform for Middle Eastern businesses, announced that it has raised $4.5 million pre-Series A funding, “backed by Presight Capital, Y Combinator, and angel investors.” Together with the $2.5 million seed round last year, Alaan has “raised a total of $7… Read More

January 24, 2023 @ 9:40 pm By Omar Faridi  |  

PhonePe, one of India’s largest Fintech platforms, announced it has raised $350 million in funding from General Atlantic, a global growth equity firm, at a pre-money valuation of $12 billion. Marquee Global and Indian investors are also participating in the investment round. The investment marks… Read More

January 24, 2023 @ 9:38 pm By Omar Faridi  |  

Ascendant, an international provider of cross-border business payment solutions and a financial technology company, announced that Battery Ventures, a global, technology-focused investment firm, has agreed “to make a significant investment in the company.” Once closed, the new investment will “make Battery Ventures the primary investor… Read More

January 23, 2023 @ 10:21 pm By Omar Faridi  |  

PrimaryBid, the capital markets Fintech bringing individual investors into public company fundraisings, has appointed Fiona Richards as Chief Operating Officer. Ms Richards joins PrimaryBid “from Rowan Dartington, the discretionary investment arm of St. James’s Place plc, where she was Chief Operating Officer and Board Director… Read More