Tagged: fintech apps

Swapi, a Fintech Allowing Users to Swap Loyalty Rewards Between Brands, Secures £336,583 via Crowdcube

Swapi, a company focused on giving users the option to exchange loyalty rewards between brands and avoiding having their points expire, has secured £338,000 (of its £300,000 target) in capital via Crowdcube from 160 different investors (at the time of writing). Swapi reports a £4,311,925… Read More

Neobanking Platform Yapeal Now Offering Clients in Switzerland a New Cross-Border Payments Service via Wise

Neobanking platform Yapeal has started offering cross-border money transfers to its clients through Fintech Wise (formerly Transferwise and now pursuing listing on the LSE). Through the partnership, Yapeal will work with Wise to make cross-border transactions fast, simple, and cheap for their app’s users. Wise,… Read More

UK Fintech Bottlepay to Allow European Consumers to Perform Instant Bitcoin, Euros, GBP Payments

Bottlepay, an international payments app provider, has introduced its services across Europe, enabling clients to perform instant, cost-effective cross-border transactions with Euros and Bitcoin (BTC). The Bottlepay app leverages the Lightning Network (LN), a layer-2 Bitcoin payments scalability solution, in order to conduct faster transfers…. Read More

Embedded Financial Services Can Offer Better User Experience, Fintech Modulr Explains

Modulr, a Payments as a Service API Platform for digital businesses, notes that embedded financial services can be considered the fourth platform. UK-based Modulr writes in a blog post that embedded financial services have kicked off an “exciting innovations race.” The company also mentions that… Read More

Australia’s Stake, a Commission Free Brokerage App, Secures $30M from Tiger Global, DST Global

Australia’s commission-free brokerage app Stake has acquired $30 million in capital from Tiger Global and partners of DST Global in order to support the firm’s expansion into European markets. Stake provides retail investors with access to over 4,400 US stocks and exchange-traded-fund (ETFs), along with… Read More

Digital Banking: Revolut Business Web App has Been Updated, Now It’s Easier to Work with Marketplace Apps

Digital bank Revolut says your account has had “a spring clean.” Revolut Business has a “new look” and a more “personalized” experience. The Revolut team writes in a blog post: “We’ve updated our Revolut Business web app and the new, simpler navigation makes it easier… Read More

UK Fintech Startup ilumoni Acquires £1.2M in Seed Funding, Receives FCA Authorization

ilumoni, a Fintech app that aims to assist consumers with borrowing, has secured £1.2 million in an over-subscribed seed funding round. ilumoni has finalized its round after introducing the Beta version of its app earlier this year. ilumoni is a “purpose-led,” AI-enhanced Fintech solution provider… Read More

Digital Banking Challenger Monzo Adds New Features for Customers’ Connected Accounts and Virtual Cards

UK-based banking challenger Monzo recently revealed that it has added new features for its customers’ connected accounts and virtual cards. The Monzo team writes in a blog post: “We’ve added some exciting new features to help you get more visibility and control over your other… Read More

Danial Daychopan: CEO at Plutus Explains how Financial Services Provider Is Bridging Worlds of Fiat and Crypto

We recently connected with Danial Daychopan, CEO and Founder of UK-based Plutus, a financial services provider that aims to bridge the gap between traditional fiat currencies and “upcoming” cryptocurrencies. Plutus says it offers the “best of both worlds,” which includes centralized fiat and non-custodial crypto,… Read More

Digital Wealth Management Platform StashAway to Offer Services to Hong Kong Consumers after Obtaining License from SFC

StashAway, a digital wealth management solution provider, recently revealed that it will be offering services to Hong Kong consumers. The firm’s management confirmed that it’s now licensed by the Securities and Futures Commission (SFC). StashAway is a digital investment platform that offers “intelligent” asset allocation… Read More

DeFi Wealth Management Platform YIELD App Reports Over 25,000 Users, Appr. $46M AUM

YIELD App, a decentralized finance (DeFi) wealth management platform, has revealed that they’ve seen “strong” growth during their first quarter of trading, with the total number of users reaching almost 26,000 as assets under management (AUM) surged to around $46 million “between week one and… Read More

JPMorgan to Discontinue Support for Chase Pay by End of March, Shell, Starbucks, Walmart Customers will be Affected

JPMorgan (NYSE:JPM) will reportedly be closing down its Chase Pay method of making payments for apps and websites effective March 31, 2021. Chase bank’s full list of retailers accepting the payment method, which includes Shell, Starbucks, and Walmart customers will be affected by the suspension… Read More

Digital Banking: UAE Fintech YAP Launches New App for Local Consumers, Allowing them to Better Manage Finances

United Arab Emirates’ first “independent” virtual banking platform has just launched with more than 25,000 applicants that had pre-registered during the past few months in order to use the bank’s Fintech app. UAE-headquartered digital bank YAP will be allowing locals to open a bank account… Read More

Cash App from Square, Venmo from PayPal are Benefiting from Increased Use of Digital Wallets by Millennials, Analysts Explains

Catherine Wood, Founder, CEO, and CIO of ARK Investment Management LLC, an investment management company that managed the largest actively-managed exchange-traded fund (ETF) last year, recently commented on Fintech industry developments and shared her views regarding future growth opportunities. Wood, who previously worked at Jennison… Read More

YIELD Fintech Investment App Is Now Offering Up to 20% APY on Ethereum (ETH) Deposits as DeFi Market Continues to Evolve

The developers of the YIELD Fintech investment App have launched their Ethereum (ETH) fund, which will allow their users to earn as much as 20% APY on cryptocurrency’s second-biggest asset, Ether . The YIELD App team noted that this adds to their current “stable of… Read More

Tim Frost: CEO at YIELD App Reveals how Algorithmic Stablecoins Provide Censorship-Resistant Financial Services, Comments on other Fintech Developments

Tim Frost, CEO at YIELD App, which is a comprehensive Fintech app offering a wide range of DeFi services and new investment strategies, has shared his views and insights regarding the recent trading frenzy that was initiated by a group of armchair investors via Reddit… Read More

PayPal Is Planning to Offer a Super App with Fintech Services like Crypto, Payments, Investing, Rewards Accessible via Common Interface

Last year was a very transformative year for many Fintechs including PayPal (NASDAQ: PYPL). There was a dramatic surge in digital commerce activity and a record number of new users began using PayPal’s online services (over 72 million). There was also a considerable increase in… Read More

Tiger Global Is Reportedly Planning to Lead $200M Round in Robinhood Competitor Public.com

Tiger Global is reportedly leading a $200 million investment round in Public.com, a Robinhood competitor. at around a $1.2 billion valuation (quadrupling the firm’s value in only 2 months). Public.com’s management noted that their massive $200 million round would give the firm a $1 billion… Read More

Digital Commerce: Majority of Online Shoppers in the UK Use Smartphones to Settle Transactions, Juniper Research Reveals

The team at Juniper Research, an analyst house focused on digital technology market research and related Fintech trends, technology data, market sizing, and consulting, notes that e-commerce and financial services have become a key part of many consumers’ lives in a post-COVID world. The Juniper… Read More

Goldman Sachs Partner and Head of Product Adam Dell Leaves Leadership Role on Marcus as Bank Changes Consumer Business Strategy

Goldman Sachs (NYSE:GS) partner Adam Dell has reportedly stepped down from his role as one of the main professionals working on Marcus, the digital-only bank created by the giant Wall Street investment bank. Dell has left the initiative as Goldman Sachs gets ready for a… Read More

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