Tagged: fintech adoption

November 22, 2022 @ 5:47 pm By Omar Faridi  |  

Engage People, which claims to be the only loyalty network that enables program members to pay with points directly at checkout, commissioned a newly released survey from The Wise Marketer titled “2022 Rewards Redemption Survey: US Consumer Attitudes and Preferences.” The report “examines consumers’ attitudes… Read More

November 21, 2022 @ 11:45 pm By Omar Faridi  |  

Zimpler, which claims to be a leading fintech company born in Sweden, announced that it will expand its operations to Latin America. The company has “established its LatAm headquarters in São Paulo, catering to the growing local and regional markets.” Zimpler plans “to introduce their… Read More

November 21, 2022 @ 9:34 pm By Omar Faridi  |  

StellarFi, a financial technology company on a mission to disrupt the U.S. poverty cycle by opening access to credit, announced it has “exceeded $1 million in annual recurring revenue.” The company “emerged from stealth on June 28 and closed its oversubscribed $7 million initial funding… Read More

November 21, 2022 @ 9:32 pm By Omar Faridi  |  

Financial wellbeing Fintech Wagestream, with research and analysis from Good Shepherd Australia New Zealand, has launched the inaugural Australian State of Financial Wellbeing Report in a bid “to identify how employers can better alleviate financial stress in the workplace for struggling employees.” The report is… Read More

November 19, 2022 @ 6:25 pm By Omar Faridi  |  

Paysend, the UK-based fintech, introduced Paysend Libre, which will “allow unbanked users in Northern Central America (Guatemala, Honduras, El Salvador) to receive remittances from the U.S. instantly to a Paysend virtual Mastercard digital card.” The virtual card is ready “to use in minutes for cash… Read More

November 17, 2022 @ 9:09 pm By Omar Faridi  |  

Diebold Nixdorf (NYSE: DBD), a global player focused on driving connected commerce for the financial and retail industries, announced a multi-year services and strategic contract with Alhamrani Universal, Saudi Arabia’s largest fintech solutions provider in the self-service banking industry. Backed by Diebold Nixdorf solutions, including… Read More

November 17, 2022 @ 8:25 am By Omar Faridi  |  

American Express (NYSE: AXP) and Square (Block) (NYSE:SQ) announced “an expansion of their relationship and plans to launch a new credit card built specifically for Square sellers on the American Express network.” The new card will be “the first credit card Square offers to its… Read More

November 16, 2022 @ 3:07 pm By Omar Faridi  |  

Merchant commerce omnichannel platform, Pine Labs announced its partnership with Singlife with Aviva, a financial services company in Singapore. Through this partnership, all customer-facing platforms and internal employee gift cards for Singlife “will be powered by Qwikcilver, a Pine Labs brand.” Pine Labs will also… Read More

November 15, 2022 @ 10:50 pm By Omar Faridi  |  

NAB Now Pay Later is now live and “available for the 52,000 customers who pre-registered.” In a move to give Australians more control of their money, customers can now “apply for and use the bank’s new instalment payments product in their NAB app.” Customers can… Read More

November 15, 2022 @ 8:26 am By Omar Faridi  |  

UK BaaS (Banking as a Service) fintech firm Griffin and global FS OS (Financial Services Operating System) 11:FS Foundry announced a new partnership “to help businesses actualise the benefits of embedded finance – the process of building new fintech products and embedding financial services directly… Read More

November 14, 2022 @ 8:10 am By Omar Faridi  |  

iCapital, the fintech platform driving access to alternative investments for the wealth management industry, announced the recent expansion and official opening of its new Lisbon office “as the company’s global hub for technology development and operations.” In the past 24 months, iCapital increased its global… Read More

November 13, 2022 @ 5:43 pm By Omar Faridi  |  

Fintech Connect 2022, Europe’s Fintech event for the entire ecosystem, recently released its 2022 Industry Benchmark Report, Fintech in Flux: Thriving in the Age of Uncertainty, showing that customers “remain the biggest focus, with 86 per cent of respondents investing in AI to stay competitive.”… Read More

November 12, 2022 @ 3:18 pm By Omar Faridi  |  

Globally, rising inflation, a higher cost of living, and slower wage growth are impacting the lives of people right around the world. A recent report suggested that many consumers are turning to physical cash to help manage their finances amid the cost-of-living crisis. But Muhannad… Read More

November 12, 2022 @ 9:25 am By Omar Faridi  |  

The latest funding round closed by Fintech Ramp brings the total raised by the firm to $122.7m over the past 12 months alone, “despite the current crypto bear market.” Ramp says it is pleased to announce that they’ve just secured $70M via their series B… Read More

November 11, 2022 @ 7:53 am By Omar Faridi  |  

Blnk, a fintech startup that enables instant consumer credit in Egypt, has “raised $23.7 million in equity and debt funding, and $8.3 million in securitized bond issuance to accelerate financial inclusion within underserved communities across the country.” The funds will support “further development of Blnk’s… Read More

November 10, 2022 @ 4:15 pm By Omar Faridi  |  

Society Pass Incorporated (SoPa) (Nasdaq: SOPA), Southeast Asia’s data-driven fintech and e-commerce ecosystem, announced the establishment of a strategic cryptocurrency payment partnership with Canada-based CoinSmart Financial Inc, a Toronto-headquartered crypto asset trading platform. Under this paradigm-shifting collaboration, SmartPay by CoinSmart “provides transaction settlement services in… Read More

November 10, 2022 @ 7:54 am By Omar Faridi  |  

KodyPay, a payments company, has raised an additional $5 million in Q3 2022. The financing round involved major shareholders “alongside new strategic investors bringing the total funding raised to US$10 million.” KodyPay claims that it “brings the ease and optionality of online payments to brick… Read More

November 9, 2022 @ 10:47 pm By Omar Faridi  |  

Shieldpay, the Fintech solving complex B2B payments, has announced its partnership with Checkout.com, the global payments platform, “to support customers that need more than just straight-through-processing.” This partnership will allow Checkout.com “to leverage Shieldpay’s unique payment engine and digital escrow capabilities to address the payment… Read More

November 9, 2022 @ 9:34 pm By Omar Faridi  |  

PayTabs — MENA and South Asia’s payments Fintech — in a new move announced that it plans “to acquire a 100% stake in Digital Pay, Saudi Arabia.” Under the terms of the acquisition, Digital Pay will “serve as PayTabs’ flagship point of sale (POS) terminal… Read More

November 8, 2022 @ 10:57 pm By Omar Faridi  |  

Finastra, a global provider of financial software applications and marketplaces, and Jifiti, a global fintech company, announced a collaboration “to extend embedded finance capabilities to all financial institutions in the Finastra BaaS (Banking as a Service) ecosystem.” Banks will be able “to deliver financing offerings… Read More