Tagged: fintech adoption

September 12, 2022 @ 11:17 pm By Omar Faridi  |  

Canadian Fintech companies saw US$810 million in total investment “across 85 deals in the first half of 2022, down from US$1.9 billion in the second half of 2021.” This, according to an update from KPMG. It was also a notable drop “compared to the first… Read More

September 12, 2022 @ 10:42 pm By Omar Faridi  |  

Pakistan-based Fintech ABHI and its clients, employees, users, and investors have reportedly  been making donations using its platform. These funds are meant to support the ongoing flood relief efforts, which is being carried out with assistance from NGOs such as JDC, Al-Khidmat, and Saylani who… Read More

September 11, 2022 @ 5:12 pm By Omar Faridi  |  

DailyPay, a financial technology company, recently announced the launch of Friday, a  general purpose reloadable (GPR) prepaid card and app, which “unlocks instant no-fee on-demand pay transfers for DailyPay users.” Friday, created in partnership with Visa, the digital payments giant, and The Bancorp Bank, Member… Read More

September 11, 2022 @ 5:11 pm By Omar Faridi  |  

Tech Nation recently welcomed what they claim to be the UK’s 51 “most exciting” Fintech companies to their fifth Fintech growth program, as UK fintech investment “reaches a record high.” As mentioned in the announcement, 51 companies were accepted into Tech Nation’s fifth Fintech growth… Read More

September 10, 2022 @ 9:36 pm By Omar Faridi  |  

The team at Yapily is looking forward to teaming up with fintech unicorn Pleo, which offers a smart business spending solution, “to enable a simplified payments experience for its UK users.” Research shows that 82% of businesses that fail “do so as a result of… Read More

September 10, 2022 @ 8:47 pm By Omar Faridi  |  

Easy Payment & Finance, which claims to be a leading financial payment and technology enabler in Spain, announced it has chosen digital payments platform, Carta Worldwide, a subsidiary of Mogo Inc. (NASDAQ:MOGO), to support its new card offering. Easy EP is reportedly among Spain’s major… Read More

September 10, 2022 @ 4:13 pm By Omar Faridi  |  

Revolut, the global financial super app with over 20 million retail customers, has launched Revolut Pay – a new secure online checkout feature which “allows UK and EEA merchants to present ‘Revolut Pay’ as a payment method across product, cart, and checkout pages.” Revolut Pay… Read More

September 9, 2022 @ 3:20 pm By Omar Faridi  |  

Lavu, a global restaurant software and payments solution provider built by restaurant people, and Up ‘n go, a contactless payments provider that powers QR code pay at the table solutions for restaurants nationwide, announced a partnership that integrates Up ‘n go’s pay at the table… Read More

September 7, 2022 @ 11:58 pm By Omar Faridi  |  

With financial services globally and in Singapore shifting towards embedded finance, KPMG announced the launch of Singapore’s first Embedded Finance Hub with ambitions “to accelerate the adoption of embedded finance in the country.” The Hub, set to run for at least 2 years is expected… Read More

September 6, 2022 @ 7:11 pm By Omar Faridi  |  

Qatar Central Bank (QCB) has reportedly issued the nation’s first virtual payment licenses to Ooredoo Money and iPay by Vodafone Qatar. The announcement was made via social media on August 30, 2022. The update noted that the issuance was made to contribute to the development… Read More

September 4, 2022 @ 11:58 pm By Omar Faridi  |  

Australian businesses have “ambitious” plans for international expansion, as new data from global fintech Airwallex reveals more than two thirds of small-to-medium Aussie businesses (69 per cent) plan “to be operating outside Australia by 2027.” Airwallex’s inaugural Australian Business Growth Index found “a third of… Read More

September 3, 2022 @ 10:24 am By Omar Faridi  |  

Chip, the saving and investing app on a mission to build wealth for our generation, has introduced the Prize Savings Account – the “first” Fintech to offer a savings account of this type. The account will give users the opportunity to win a Grand Prize… Read More

September 2, 2022 @ 2:30 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the financial technology platform of “choice” for leading businesses,  announced that Pet Supplies Plus, the franchisor and operator of pet-specialty stores in North America, has selected the platform “to power its payments online and in-store for its approximate 230 corporate locations and… Read More

September 1, 2022 @ 9:47 pm By Omar Faridi  |  

India’s consumer lending fintech, EarlySalary, has closed its series D funding round of $110 million led by TPG’s The Rise Fund and Norwest Venture Partners. Existing investor Piramal Capital & Housing Finance Limited also participated in the investment round. This is EarlySalary’s largest fundraise to… Read More

September 1, 2022 @ 8:45 am By Omar Faridi  |  

Solid, the Fintech-as-a-service platform that offers modern infrastructure for any company to launch and scale fintech products, announced its $63 million Series B funding round. Led by FTV Capital, a sector-focused growth equity firm with nearly 25 years of experience investing in financial technology, the… Read More

August 30, 2022 @ 6:14 pm By Omar Faridi  |  

Fiserv, Inc. (NASDAQ: FISV), a global provider of payments and financial services technology with a growing presence in New Jersey, is reportedly partnering with Rutgers University-Newark “to create and fund a new program designed to drive diversity and innovation within the financial technology field.” The… Read More

August 29, 2022 @ 8:58 pm By Omar Faridi  |  

Zywa, a teen-focused fintech aiming to “re-imagine” banking for Gen Z in the MENA region, has completed a seed funding round of $3 million. Investors who took part in the investment round reportedly “include Goodwater Capital (the largest consumer tech VC globally), Dubai Future District… Read More

August 29, 2022 @ 8:39 pm By Omar Faridi  |  

Karachi-headquartered Fintech firm Safepay HQ is reportedly going live with Cybersource (a product of payments service provider Visa) in order to bring Pakistani merchants new ways to allow their clients to pay them online. Safepay is a payment service provider that has reportedly received pilot… Read More

August 29, 2022 @ 1:37 pm By Omar Faridi  |  

Buy Now, Pay Later (BNPL) plans have taken over as a “popular” financing option for consumers, partly due to “an increase in online shopping demands during the pandemic,” the TrueAccord team notes in a blog post. In 2021, Americans “spent more than $20 billion through… Read More

August 29, 2022 @ 8:35 am By Omar Faridi  |  

Embedded finance Fintech Railsr, previously doing business as Railsbank, has entered a new partnership with specialist insurance intermediary Elmore. Via the collaboration, Elmore will aim to offer “specialist” Fintech insurance for Railsr’s client internationally, with products that offer protection against operational risks, and which also… Read More