Tagged: fintech trends

October 5, 2023 @ 10:21 pm By Omar Faridi  |  

Hong Kong’s push towards blockchain enabled Web3 innovation received strong tailwind through a new fund that CMCC Global launched this week. CMCC Global, one of Asia’s earliest venture capital investors “to entirely focus on blockchain technology and Web3 innovation, announced the launch of a venture… Read More

October 5, 2023 @ 10:25 am By Omar Faridi  |  

Brite Payments, a firm focused on instant bank payments, announced a $60 million funding round led by specialist B2B software investor Dawn Capital and joined by Headline and existing investor Incore. Brite leverages open banking to offer businesses easy-to-integrate, instant account-to-account (A2A) payments and payouts…. Read More

October 5, 2023 @ 9:42 am By Omar Faridi  |  

Digital bank Revolut has reportedly made a deal with primary backer SoftBank on a change to the latter’s shareholding, a strategic move that will clear away a significant barrier in the fintech firm’s pursuit of a UK banking license. The Bank of England’s Prudential Regulation… Read More

October 4, 2023 @ 10:20 pm By Omar Faridi  |  

Virtual cards, also known as temporary cards, are defined by the researchers at Juniper Research as “randomly generated and generally temporary card number linked to a payment account, used to process payments in lieu of genuine payment details.” A virtual card is “a payment tool… Read More

October 4, 2023 @ 9:16 pm By Omar Faridi  |  

Splitero, the financial technology company that provides homeowners better options to access their home equity, announced the launch of its new real estate brokerage and affiliate company, Splitero Homes. As a home equity partner, Splitero has a vested interest in helping homeowners get the best… Read More

October 4, 2023 @ 7:40 pm By Omar Faridi  |  

Grasshopper, the “client-first” digital bank built for the business and innovation economy, today announced the launch of Accelerator Checking, an operating account and partnership ecosystem designed to serve a wide range of startups. Accelerator Checking further drives Grasshopper’s mission of “supporting the innovation economy, of… Read More

October 4, 2023 @ 8:22 am By Omar Faridi  |  

Hastee claims that it is disrupting a rigid monthly pay cycle that’s no longer “fit for purpose” by giving employees early access to part of their earned pay. This ensures employees can cove themselves “for financial emergencies without the risk of borrowing funds they may… Read More

October 3, 2023 @ 11:00 pm By Omar Faridi  |  

Canada has the highest growth rate of fintech adoption across six markets, according to research shared by Tipalti. A new study, conducted by Tipalti, analyzed factors “such as global fintech adoption rates, Google searches for fintech by country and the regions that have the highest… Read More

October 3, 2023 @ 10:57 pm By Omar Faridi  |  

Qred, Sweden’s fintech company, is announcing that the banking license the company acquired in May is now “activated and the company is officially a bank.” In addition to this, Qred is re-appointing Mattias Carlsson, former long standing CEO of TF Bank, as Chair of the… Read More

October 3, 2023 @ 9:55 pm By Omar Faridi  |  

ABHI, an embedded finance company announced a partnership with Pakistan Cables Limited, the cable manufacturer in Pakistan. This collaboration aims to provide AbhiSalary – Earned Wage Access “to the employees of Pakistan Cables Limited, thereby promoting financial wellness.” Through AbhiSalary – Earned Wage Access, employees… Read More

October 3, 2023 @ 9:44 am By Omar Faridi  |  

Bogdan Uzbekov, founder & CEO, Apron, notes that he’s pleased to announce that Apron has raised £12M in a Series A funding round, which was reportedly “led by Index Ventures, with participation of their existing investors, Bessemer Venture Partners and Visionaries Club.” And with the… Read More

October 2, 2023 @ 10:21 pm By Omar Faridi  |  

Fintech Deel has reportedly made updates to off-cycle payments, bulk terminations, and employee entity transfers. Deel’s Global Payroll is expanding and improving upon its features “to deliver a seamless experience.” The firm says it wants you “to have everything you need to manage and pay… Read More

October 2, 2023 @ 7:27 pm By Omar Faridi  |  

Addepar has shared key platform updates, research insights and the latest client, partner and company developments. This month, Addepar is highlighting updates that will “enable firms to run reports at enterprise scale, as well as Client Portal improvements that offer more flexibility and functionality to… Read More

October 2, 2023 @ 11:44 am By Omar Faridi  |  

Plaid is pleased to announce several updates to their Transactions product, which enables financial services providers to do even more with transactional data. These new features and quality enhancements from Plaid are “designed to amplify your ability to provide tailored solutions and services, unlocking improved… Read More

October 2, 2023 @ 11:35 am By Omar Faridi  |  

Clara, the Latin American solution for businesses to make and manage all their payments, has announced the appointment of Cristian Raygoza as its new Head of Startups, Venture Capital & Private Equity. This strategic move reinforces Clara‘s commitment “to fostering innovation and expanding its reach… Read More

October 2, 2023 @ 10:05 am By Omar Faridi  |  

Mexican Fintech albo has reportedly secured $40 million in capital via a Series C round in order to enhance its payments services. albo’s investment round included participation from Nazca, Morpheus Ventures, and Valar Ventures. In addition to the raise, the Fintech company said it will… Read More

October 1, 2023 @ 9:19 pm By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, recently marked its tenth anniversary serving Irish businesses, “with the release of data revealing widespread, rapid growth in the country’s internet economy.” Over the last decade, conditions for Ireland’s internet businesses “have improved dramatically.” Homegrown startups now “have… Read More

October 1, 2023 @ 4:56 pm By Omar Faridi  |  

Square, part of Block (NASDAQ:SQ), launched Tap to Pay on Android for sellers across Canada. The new technology enables businesses “to securely accept credit card contactless payments with a compatible Android device, at no additional cost.” With Tap to Pay on Android, Square claims it… Read More

September 29, 2023 @ 8:03 am By Omar Faridi  |  

Nubank (NYSE:NU), which claims to be one of the largest digital financial services platforms, announces NuFuturo, an ecosystem developed in partnership with Federal Universities in Brazil to accelerate careers in technology and foster innovation. The initiative encourages the development of research “related to the fields… Read More

September 29, 2023 @ 1:53 am By Omar Faridi  |  

BCB Group is a crypto-dedicated payment services provider, serving many of the industry’s  clients including Bitstamp, Crypto.com, Fireblocks, Galaxy, Gemini and Kraken. It provides payment services in “over 30 currencies, FX, cryptocurrency liquidity, digital asset custody and BLINC, which is BCB’s free, instant settlements network… Read More