Tagged: fintech trends

October 13, 2022 @ 8:14 am By Omar Faridi  |  

The Digital Pound Foundation is pleased to announce the addition of Modulr to the Digital Pound Foundation’s membership community. Since its inception in 2016, Modulr has “grown to become the leading provider of embedded payments to businesses across the UK and Europe.” Authorized by the… Read More

October 12, 2022 @ 10:16 pm By Omar Faridi  |  

During times of unprecedented inflation in the Eurozone, bunq, which claims to be the second largest neobank in the EU, has observed a cross-country trend of younger European consumers being severely impacted by the ongoing cost-of-living crisis. The neobank’s clients in different European Union nations… Read More

October 12, 2022 @ 9:23 pm By Omar Faridi  |  

OneConnect Financial Technology Co., Ltd, a Technology-as-a-Service provider for financial institutions, announced the official launch of its regional operations in Abu Dhabi Global Market (ADGM), the international financial center of the capital of the UAE. OneConnect’s addition to the ADGM family will “further support the… Read More

October 12, 2022 @ 2:32 pm By Omar Faridi  |  

One True Holding Company d/b/a/ TrueML, a financial technology software company developing machine learning-driven products that enable intelligent, digital communication including in the debt collection space, recently announced it has “acquired the debt collection business of Enhanced Recovery Company, LLC (ERC), a collections provider.” The… Read More

October 12, 2022 @ 12:47 pm By Omar Faridi  |  

The team at Payable reveals that they’ve raised $6.1 million in order to build a payment operations platform so companies “stop using EBICs, bank files and spreadsheets to move and reconcile money.” With Payable, you can “connect your banks and automate payments from initiation to… Read More

October 12, 2022 @ 8:13 am By Omar Faridi  |  

BNP Paribas (EPA: BNP) is pleased to announce the signature of an agreement for the acquisition of Kantox, a Fintech for the automation of currency risk management. FT Partners advised Kantox on its sale to BNP Paribas. Kantox’s software solution has “managed to successfully re-bundle the… Read More

October 12, 2022 @ 8:11 am By Omar Faridi  |  

MarketFinance, which claims to be one of the leading fintech credit and payments companies, has secured a £30 million credit facility from Viola, the Israeli technology investment group, in order “to expand its B2B Pay Later embedded finance offering for SMEs.” Available in Sterling, US… Read More

October 11, 2022 @ 9:43 pm By Omar Faridi  |  

Zetl and Netbank, (a Rural Bank), inc. have partnered in order “to provide an innovative approach to SME financing in the Philippines.” Under this partnership, Zetl will “identify ‘asset light’ SMEs with a regular and guaranteed income stream, seeking funding.” Netbank will “provide loans to… Read More

October 11, 2022 @ 9:08 pm By Omar Faridi  |  

Mamo, a UAE-based FinTech and financial services platform for SMEs, has been granted regulatory approval “to operate from Dubai International Financial Centre (DIFC), the global financial center  in the MENA and Asia region.” The license has been “granted by the Dubai Financial Services Authority (DFSA),… Read More

October 9, 2022 @ 10:50 am By Omar Faridi  |  

Channel Capital Advisors LLP is pleased to announce “the launch of its specialist Fintech Lending Strategy, with commitments from global institutional investors.” The first $100m tranche of the $300m strategy will be “deployed immediately to leading fintech lenders.” Channel’s fund will be “deployed to digital… Read More

October 6, 2022 @ 5:54 pm By Omar Faridi  |  

CWallet, a Qatar-based payment processing fintech startup, has teamed up with M2P Fintech, which claims to be one of Asia’s largest API infrastructure companies, in order “to enable prepaid and multi-currency cards in Qatar.” This partnership is “aimed at promoting financial technology intelligence, financial inclusion,… Read More

October 6, 2022 @ 12:48 pm By Omar Faridi  |  

Argentina-based Fintech firm Uala will reportedly be investing $150 million over the upcoming 18 months in order to support its virtual banking business, primarily in Mexico and Colombia. This, according to company CEO Pierpaolo Barbieri (whose comments came during a recent interview with Reuters). The… Read More

October 6, 2022 @ 8:06 am By Omar Faridi  |  

Smart money app Plum is reportedly launching its third crowdfunding round after acquiring £5 million in debt financing from Silicon Valley Bank. Plum previously conducted a public campaign on Crowdcube that managed to acquire $8 million in additional capital along with a $24 million Series… Read More

October 5, 2022 @ 10:31 pm By Omar Faridi  |  

With Request to Pay (RTP), invoices may be “displayed at the online bank account and settled directly via an automatically generated payment notification in the future.” DZ BANK relies on PPI AG‘s white-label platform PAYCY  “for the implementation.” DZ BANK and PPI AG are “launching… Read More

October 5, 2022 @ 9:57 pm By Omar Faridi  |  

PayQuicker, which claims to be an innovative financial technology leader in the global payouts market, announced a new customer, Verily, a precision health company “committed to generating and applying evidence to change the way healthcare is delivered.” Verily, an Alphabet Inc. company launched from Google… Read More

October 5, 2022 @ 9:16 pm By Omar Faridi  |  

Storepay, which claims to be the first Buy Now, Pay Later (BNPL) financial tech service provider in Mongolia that allows customers to make payments over time without extra fees, has announced the listing of its token, SPC, on LBank. With over 400,000 registered users, two… Read More

October 5, 2022 @ 8:01 am By Omar Faridi  |  

Ebury, a global fintech, is pleased to announce that it has become a member of Amazon’s Payment Service Provider Program “meaning that sellers using Amazon sites can continue to collect payments in different regions and currencies through Ebury’s platform.” The Program was “introduced by Amazon… Read More

October 4, 2022 @ 9:47 pm By Omar Faridi  |  

Corserv, a company that empowers banks and fintechs with payment programs, has implemented a comprehensive credit card program with Studio Bank in order “to provide innovative payment solutions.” Pioneered in Nashville, Studio Bank built a digital bank “with a local presence – their model is… Read More

October 3, 2022 @ 10:49 pm By Omar Faridi  |  

Savana, which claims to be one of the industry leaders in financial software for banks and Fintechs, announced that Battle Financial, Inc., building the proposed Eagle County Colorado-based Battle Bank, has selected Savana “as the digital delivery platform to orchestrate its technology ecosystem and automate… Read More

October 3, 2022 @ 9:41 pm By Omar Faridi  |  

The government in Australia has noted that it would be issuing a formal response to a report advising banking institutions in the country of their duty to keep offering banking services to Fintechs, virtual currency trading platforms as well as remittance service providers. This, after… Read More