Tagged: fintech adoption

October 9, 2022 @ 10:50 am By Omar Faridi  |  

Channel Capital Advisors LLP is pleased to announce “the launch of its specialist Fintech Lending Strategy, with commitments from global institutional investors.” The first $100m tranche of the $300m strategy will be “deployed immediately to leading fintech lenders.” Channel’s fund will be “deployed to digital… Read More

October 6, 2022 @ 5:54 pm By Omar Faridi  |  

CWallet, a Qatar-based payment processing fintech startup, has teamed up with M2P Fintech, which claims to be one of Asia’s largest API infrastructure companies, in order “to enable prepaid and multi-currency cards in Qatar.” This partnership is “aimed at promoting financial technology intelligence, financial inclusion,… Read More

October 6, 2022 @ 12:48 pm By Omar Faridi  |  

Argentina-based Fintech firm Uala will reportedly be investing $150 million over the upcoming 18 months in order to support its virtual banking business, primarily in Mexico and Colombia. This, according to company CEO Pierpaolo Barbieri (whose comments came during a recent interview with Reuters). The… Read More

October 6, 2022 @ 8:06 am By Omar Faridi  |  

Smart money app Plum is reportedly launching its third crowdfunding round after acquiring £5 million in debt financing from Silicon Valley Bank. Plum previously conducted a public campaign on Crowdcube that managed to acquire $8 million in additional capital along with a $24 million Series… Read More

October 5, 2022 @ 10:31 pm By Omar Faridi  |  

With Request to Pay (RTP), invoices may be “displayed at the online bank account and settled directly via an automatically generated payment notification in the future.” DZ BANK relies on PPI AG‘s white-label platform PAYCY  “for the implementation.” DZ BANK and PPI AG are “launching… Read More

October 5, 2022 @ 9:57 pm By Omar Faridi  |  

PayQuicker, which claims to be an innovative financial technology leader in the global payouts market, announced a new customer, Verily, a precision health company “committed to generating and applying evidence to change the way healthcare is delivered.” Verily, an Alphabet Inc. company launched from Google… Read More

October 5, 2022 @ 9:16 pm By Omar Faridi  |  

Storepay, which claims to be the first Buy Now, Pay Later (BNPL) financial tech service provider in Mongolia that allows customers to make payments over time without extra fees, has announced the listing of its token, SPC, on LBank. With over 400,000 registered users, two… Read More

October 5, 2022 @ 8:01 am By Omar Faridi  |  

Ebury, a global fintech, is pleased to announce that it has become a member of Amazon’s Payment Service Provider Program “meaning that sellers using Amazon sites can continue to collect payments in different regions and currencies through Ebury’s platform.” The Program was “introduced by Amazon… Read More

October 4, 2022 @ 10:52 pm By Omar Faridi  |  

Inswitch, a Fintech technology company with a focus on embedded solutions for banking and payments, and Mastercard International Incorporated have partnered “to design and deliver digital payment solutions and issuing programs starting with selected countries across LAC.” Inswitch will “start issuing cards as a Mastercard… Read More

October 4, 2022 @ 9:47 pm By Omar Faridi  |  

Corserv, a company that empowers banks and fintechs with payment programs, has implemented a comprehensive credit card program with Studio Bank in order “to provide innovative payment solutions.” Pioneered in Nashville, Studio Bank built a digital bank “with a local presence – their model is… Read More

October 3, 2022 @ 10:49 pm By Omar Faridi  |  

Savana, which claims to be one of the industry leaders in financial software for banks and Fintechs, announced that Battle Financial, Inc., building the proposed Eagle County Colorado-based Battle Bank, has selected Savana “as the digital delivery platform to orchestrate its technology ecosystem and automate… Read More

October 3, 2022 @ 9:41 pm By Omar Faridi  |  

The government in Australia has noted that it would be issuing a formal response to a report advising banking institutions in the country of their duty to keep offering banking services to Fintechs, virtual currency trading platforms as well as remittance service providers. This, after… Read More

October 3, 2022 @ 7:17 am By Omar Faridi  |  

Tabby, the Middle East’s payments and shopping app, and Paymob, the omni-channel payments facilitator in MENAP, announced their partnership “to fuel growth for retailers in Egypt by enabling businesses across Paymob’s network to benefit from Tabby’s split in four, interest and fee-free payment solution via… Read More

October 1, 2022 @ 11:35 am By Omar Faridi  |  

Fast-growing fintech SaaS provider Toqio revealed that it has closed €20 million in funding “to become the platform of choice for creating new fintech solutions.” The €18.7M Series A investment round was “led by AlbionVC and includes Aldea Ventures, as well as previous investors Seaya,… Read More

September 29, 2022 @ 7:57 pm By Omar Faridi  |  

Quaint Oak Bank and Teslar Software announced their partnership to enhance the bank’s commercial lending strategy. The $750 million-asset community bank will “leverage Teslar’s full suite of automated workflow and portfolio management tools to improve the lending process for both lenders and borrowers.” William Gonzalez,… Read More

September 27, 2022 @ 12:24 pm By Omar Faridi  |  

Nubank (NYSE: NU) reached the mark of 70 million customers in Latin America, “with 66.4 million users in the Brazilian operation, 3.2 million in Mexico, and more than 400 thousand in Colombia.” The company, the fifth largest financial institution in Brazil in number of customers,… Read More

September 26, 2022 @ 10:41 pm By Omar Faridi  |  

Everimpact are partnering with STACS, a Singapore-based ESG fintech “to provide banks and corporates involved in the carbon market with greater trust and transparency.” Their partnership will “promote data-backed carbon credits with end-to-end traceability.” In the first phase of the project, Everimpact’s Digital carbon tracking… Read More

September 25, 2022 @ 5:54 pm By Omar Faridi  |  

MineralTree, a Global Payments (NYSE: GPN) company and Accounts Payable (AP) and payment automation solution provider, recently released its seventh annual State of AP report. For the first time ever, MineralTree expanded its research “to include suppliers, reflecting the growing importance of vendor relationships to… Read More

September 25, 2022 @ 2:51 pm By Omar Faridi  |  

Forter, the Trust Platform for digital commerce, announced the appointment of Eran Vanounou as chief technology officer (CTO) “to lead the company’s next stage of product development and innovation.” In this role, Eran will “oversee Forter’s data, precision and engineering teams.” Vanounou’s appointment further “deepens… Read More

September 23, 2022 @ 5:40 pm By Omar Faridi  |  

AccessFintech, the Fintech company evolving the capital markets operating model through data and workflow collaboration, announced the completion of its $60 million Series C funding round, led by WestCap. As the lead investor, WestCap claims that it “brings deep experience building and scaling transformational software… Read More