Tagged: fintech apps

March 6, 2021 @ 4:07 pm By Omar Faridi  |  

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

February 25, 2021 @ 2:37 pm By Omar Faridi  |  

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

February 13, 2021 @ 9:41 pm By Omar Faridi  |  

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

February 12, 2021 @ 1:20 pm By Omar Faridi  |  

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

February 10, 2021 @ 8:23 am By Omar Faridi  |  

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

February 8, 2021 @ 10:11 pm By Omar Faridi  |  

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

February 6, 2021 @ 8:45 pm By Omar Faridi  |  

Switzerland-based Valuu, a fully digital mortgage brokerage platform introduced by PostFinance, has revealed that it managed to triple the total volume of mortgages brokered when compared to its first year offering these services. Valuu’s management stated that they’re planning to further expand their range of… Read More

February 4, 2021 @ 10:04 pm By Omar Faridi  |  

Israel-based Fintech firm PayKey has reportedly expanded its mobile keyboard system in order to allow bank clients to easily manage their investments and apply for loans from within any supported app. The PayKey team confirmed on February 2, 2021: “Today, we expanded our solution to… Read More

February 4, 2021 @ 9:47 pm By Omar Faridi  |  

Stash, a US-based company that offers micro-investment options through a mobile app, has reportedly acquired $125 million in capital through its Series G funding round that was led by Eldridge. Stash initially began operations by providing a micro-investing app but has now also made an… Read More

January 27, 2021 @ 10:38 pm By Omar Faridi  |  

It’s not easy to enter the highly competitive space of financial “super apps.” Companies or businesses usually spend a long time acquiring the appropriate licenses and developing relevant products and services that can address the strict requirements of regulators. Although these time-consuming processes can lead… Read More

January 27, 2021 @ 7:46 am By Omar Faridi  |  

Banco Sabadell (BME:SAB), a Spanish multinational financial services company headquartered in Alicante and Barcelona, Spain, has reportedly invested €2.5 million in Nomo, an inhouse incubated initiative that spun out from the banking institution. The startup offers various business management tools for SMEs and sole traders…. Read More

January 22, 2021 @ 5:28 pm By Omar Faridi  |  

YIELD App is getting ready to expand its decentralized finance (DeFi) banking solution to Avalanche. According to a blog post published on January 22, 2021 by Ava Labs, which supports the ongoing development of Avalanche, a distributed ledger technology (DLT)-focused platform and project, this new… Read More

January 18, 2021 @ 11:06 pm By Omar Faridi  |  

A third or around 33% of households in India are now using digital payments, with usage being evenly spread across different income groups, according to a survey performed by the National Payments Corporation of India (NPCI) and People Research on India’s Consumer Economy (Price). The… Read More

January 7, 2021 @ 8:39 am By Omar Faridi  |  

Fintech companies such as Revolut and Luno are experiencing a dramatic surge in demand from customers who are rushing to invest in Bitcoin (BTC) and other digital currencies amid record-breaking and unprecedented cryptocurrency price increases. Fintech app providers that offer crypto trading, like Revolut, eToro,… Read More

January 6, 2021 @ 12:32 pm By Omar Faridi  |  

US President Donald Trump has signed an order that aims to place a ban on US transactions with eight major Chinese apps – which reportedly includes Ant Group’s Alipay and Tencent Holdings’ online wallets. Notably, this order has arrived just days before the Trump administration… Read More

January 4, 2021 @ 7:42 am By Omar Faridi  |  

Digital bank Revolut has reportedly outpaced competitors Monzo and Starling in terms of the number of downloads during 2020. Notably, Revolut saw more app downloads last year than Monzo and Starling Bank combined. As first reported by the Telegraph, Revolut’s online banking app grew more… Read More

December 28, 2020 @ 10:25 pm By Omar Faridi  |  

Pritee Tembhekar and Joe Christiani from Fintech firm Plaid have noted that the intersection between financial services and technology may be “complex and difficult to navigate.” Before Plaid developed its first API, the company’s founders were just software developers attempting to create a Fintech app,… Read More

December 12, 2020 @ 6:57 pm By Omar Faridi  |  

Smallcase, a Fintech firm that allows people to invest in a basket of stocks, has acquired an undisclosed amount of capital (as part of its Series B investment round) from HDFC Bank, an Indian banking and financial services company based in Mumbai. HDFC Bank (NSE:… Read More

October 4, 2020 @ 4:04 pm By Omar Faridi  |  

Jodie Kelley, CEO of the Electronic Transactions Association (ETA), a major trade association for the global payments industry, representing more than 500 companies, has argued that the COVID-19 pandemic provides a strong impetus or reason to change how we interact and conduct transactions. Expressing views… Read More

September 2, 2020 @ 8:45 am By Omar Faridi  |  

Delivery Hero, a Berlin-based online delivery platform operating in the Middle East, has teamed up with Mastercard in order to digitize its entire payment process across all its products offered to MENA region customers. Delivery Hero app users will have the option to pay for… Read More