Tagged: fintech adoption

June 23, 2024 @ 9:26 pm By Omar Faridi  |  

WeLab, a pan-Asian fintech platform, announced strategic actions in Southeast Asia markets and Hong Kong to propel growth, scale and profitability. These initiatives are fortifying a robust foundation to support WeLab’s accelerated growth. WeLab’s overseas expansion strategy is “on the fast track as its Hong… Read More

June 21, 2024 @ 12:37 pm By Omar Faridi  |  

In May, Chime announced the news of its latest product innovation: MyPay. Consumers across the country are done waiting for payday, Chime notes while claiming that within 48 hours of sharing the news of MyPay and early access to the product “for eligible members, more… Read More

June 18, 2024 @ 5:28 pm By Omar Faridi  |  

Over the past decade, digital finance apps and services have “accessed consumer-permissioned data to provide personalized experiences that serve many consumer needs,” according to an update from Plaid. As a result, consumers now have “more and better choices in the apps they can use to… Read More

June 16, 2024 @ 3:55 pm By Omar Faridi  |  

Rapyd, the global fintech firm, recently released its report, “2024 State of Payments: High-Opportunity Industries.” This comprehensive study dives into “the evolving landscape of cross-border payments, focusing on the needs of fast-growing industries such as online gaming, content creation platforms, online travel, marketplaces, and e-commerce.”… Read More

June 9, 2024 @ 5:43 pm By Omar Faridi  |  

TrueAccord’s machine learning engine, HeartBeat, ​​reportedly reaches out to every account placed with a goal of getting them to repay on their own terms when they are ready, versus the one-size-fits all communication “that ignores trends in sentiment and spending habits.” Powered by a combination… Read More

June 9, 2024 @ 5:38 pm By Omar Faridi  |  

Payhawk, the global spend management solution that helps businesses manage company cards and payments at scale across 32 countries, announced its Q1 2024 business performance results and the launch of its Summer Edition product release that “brings flexibility to the way companies manage spend.” Q1… Read More

June 9, 2024 @ 10:49 am By Omar Faridi  |  

PitchBook has provided a comprehensive update focused on the retail Fintech sector. PitchBook provides insights in its report on Deal value: Retail fintech VC deal value continued to be muted, “declining 15.3% YoY and 30.8% QoQ to $1.9 billion in Q1 2024.” Aside from the… Read More

June 7, 2024 @ 9:31 am By Omar Faridi  |  

Mastercard (NYSE: MA) has announced the launch of ‘Mastercard For Fintechs’, the company’s new program designed to support fintechs across Western Europe, equipping them with the tools and expertise to drive ongoing growth and propel them to the next level. ‘Mastercard For Fintechs’ has been… Read More

June 5, 2024 @ 6:07 am By Omar Faridi  |  

PhonePe expanded its loan distribution offerings with the launch of secured lending products on its platform. Partnering with a network of trusted banks, non-banking financial companies (NBFCs) and fintechs, PhonePe armed “with its distribution strength of 535+ Million registered users, aims to create a powerful and… Read More

June 3, 2024 @ 11:45 am By Omar Faridi  |  

The term ‘Unicorn’ was first introduced in 2013, as a way to signify the statistical rarity of high-performing startups. Unicorn status today is much more than a financial milestone of around $1 billion; for startups, it’s a recognition of their organization’s disruptive capabilities, unique solutions,… Read More

June 1, 2024 @ 10:27 pm By Omar Faridi  |  

Fetch, the offsite package management solution for apartment communities, announced it has adopted leading workforce payments platform Branch to power same-day payments to its network of delivery partners and its growing loyalty program. Operating in more than 25 major markets across the United States, Fetch… Read More

June 1, 2024 @ 11:33 am By Omar Faridi  |  

Guavapay, a global fintech company has announced its partnership with Visa (NYSE: V), a digital payments provider, to launch an impactful Out Of Home (OOH) campaign across London. This collaboration aims to enhance “awareness of MyGuava multicurrency Visa Card for users of MyGuava App and MyGuava… Read More

May 31, 2024 @ 4:36 pm By Omar Faridi  |  

FintechOS, an end-to-end financial product management platform, announced the successful completion of a $60 million Series B+ round. This investment round was led by Molten Ventures, Cipio Partners, and BlackRock, “alongside existing investors EarlyBird VC, OTB VC, and Gapminder VC.” The new funding round comes… Read More

May 29, 2024 @ 5:45 pm By Omar Faridi  |  

Nium, the global enabler of  in real-time cross-border payments, announced today that HappyEasyGo, an online travel agency, has selected it for virtual card payments. Launched in 2017, HappyEasyGo claims that it “has emerged as one of the fastest-growing flight and hotel booking platforms in Asia,… Read More

May 27, 2024 @ 11:16 pm By Omar Faridi  |  

From e-wallets to neobanks, Türkiye’s (Turkey) financial institutions are accelerating fintech innovation, supporting greater connectivity to international markets, financial inclusivity at home and more economic prosperity for businesses. Thunes is a key payments player in Turkey’s ecosystem. Thunes says its extensive payments network in the… Read More

May 27, 2024 @ 10:02 pm By Omar Faridi  |  

Mass Fintech Hub, a public-private partnership dedicated to making the state a global leader in Fintech, announced the Mass Bankers Association, a multi-faceted banking trade group representing over 120 banks, as its newest member. With this addition, the collaborative has “welcomed nearly 55 member organizations… Read More

May 27, 2024 @ 9:59 pm By Omar Faridi  |  

Tata Consultancy Services (TCS) (NSE: TCS), a global enabler of IT services, consulting, and business solutions, has signed a deal to modernize the core banking technology of Burgan Bank, a commercial bank in Kuwait. The bank will deploy TCS BaNCSTM to “consolidate multiple standalone legacy… Read More

May 26, 2024 @ 3:54 pm By Omar Faridi  |  

ClearBank recently explained how it is supporting WealthKernel to enhance the scalability of its service and underpin its clients’ ability to streamline the investment process. Founded in 2015, WealthKernel is a provider of investment infrastructure for companies looking to offer investment services, whether as stand-alone… Read More

May 26, 2024 @ 3:21 pm By Omar Faridi  |  

DriveWealth, a financial technology platform providing Brokerage-as-a-Service, announced  the hiring of two new executives: Kyla Murphy, as Chief Product Officer and Lauren Veisz as Head of Operations. In their respective roles, Murphy and Veisz will “help to further expand DriveWealth’s footprint in global markets, develop… Read More

May 25, 2024 @ 2:58 pm By Omar Faridi  |  

AvidXchange (Nasdaq: AVDX), a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, announced a strategic partnership with MIP Fund Accounting by Community Brands (MIP) in combination with a new invoice-to-pay application programming interface (API) integration. This… Read More