Tagged: fintech trends

March 2, 2022 @ 8:14 am By Omar Faridi  |  

Germany’s banking challenger N26 should be ready for an initial public offering (IPO) by the end of this year, according to co-CEO Maximilian Tayenthal, Maximilian told CNBC that by the end of 2022, N26 should be “structurally IPO-ready,” During an interview with the media outlet… Read More

March 1, 2022 @ 3:34 pm By Omar Faridi  |  

Frost Bank, which is one of the largest banks based in Texas, has partnered with Plaid, a data network powering the digital financial ecosystem, in order to help Frost clients “securely and easily integrate their accounts and finances online.” Via its mobile app and online… Read More

February 27, 2022 @ 7:34 pm By Omar Faridi  |  

C6 Bank clients who have a global account with a US dollar or Euro balance are now able to withdraw cash from Chase ATMs free of charge beginning on February 24, 2022. The ATM network is available in the US and has over 16,000 units… Read More

February 22, 2022 @ 1:30 pm By Omar Faridi  |  

Despite the surge in US digital commerce sales, online consumers remain “unpredictable” when it comes to checking out online: The average online shopping cart abandonment rate is 70%, according to an update from Affirm (NASDAQ:AFRM). Anything you can do to lower that rate for your… Read More

February 22, 2022 @ 2:20 am By Omar Faridi  |  

Swedish VC company Wellstreet has introduced a Fintech fund with an expected total of around $40 million. The funds will reportedly be directed towards early-stage B2B and infrastructure tech firms promoting greater overall efficiency in the international banking and Fintech sectors. Supported by experienced industry… Read More

February 22, 2022 @ 12:25 am By Omar Faridi  |  

PayMongo, an online payments Fintech in the Philippines, has secured $31 million via a Series B round from JAM Fund, the venture capital firm of Tinder co-founder Justin Mateen, and other investors including ICCP-SBI Venture Partners and Kaya Founders. Super thrilled to announce @paymongo has… Read More

February 21, 2022 @ 7:12 pm By Omar Faridi  |  

Sydney-headquartered Fintech firm Lumi has acquired an additional $10 million in funding from existing investors Arbel Fund and Melbourne’s Perennial Partners in order to capitalize on the faster than anticipated growth in certain market segments. The SME lender has acquired a total of $30 million… Read More

February 20, 2022 @ 10:17 pm By Omar Faridi  |  

Cross-border payments Fintech Wise (LSE:WISE) intends to hire around 150 professionals for its Singapore business offices in 2022. Wise‘s management noted that this includes key roles focused on engineering, product development, design, analytics, compliance, payments and various other operations in order to support ongoing product… Read More

February 20, 2022 @ 11:30 am By Omar Faridi  |  

Ahmed Wadi, the Founder and CEO at MoneyFellows, a Cairo-based collaborative Group Lending and Savings Platform, says that he is amazed how the Fintech space evolved over the past couple years. Wadi added that he can’t wait to see homegrown Fintechs “proving to the world… Read More

February 18, 2022 @ 3:53 pm By Omar Faridi  |  

Much has been made of embedded lending during the past couple years. With the COVID-19 crisis shuttering businesses and forcing a major shift to online and all-digital services, you could say that this was inevitable. Now, large Fintechs like Klarna, Stripe and PayPal have shown… Read More

February 16, 2022 @ 3:56 pm By Omar Faridi  |  

The business sector is facing an influx of innovation: changing consumer behavior and preferences, digital transformation as well as geopolitical shifts. In order to assist businesses with evolving and supporting their growth enterprise-wide, Mastercard (NYSE: MA) announced that it is expanding its payments-focused consulting service… Read More

February 16, 2022 @ 2:38 am By Omar Faridi  |  

KreditBee, one of India’s leading virtual lending platforms, has announced that it crossed the milestone of issuing 1 million ‘KreditBee Card’. The firm now claims that it is one of the fastest cards to cross this milestone, since its launch in August 2021. KreditBee has… Read More

February 15, 2022 @ 12:16 pm By Omar Faridi  |  

Indian Fintech Unicorn Slice has finalized its first employee stock option plan (ESOP) buyback valued at $8.6M. In November of last year, Slice achieved Unicorn status (valued at $1 billion or more) after securing $220 million via its Series B that was co-led by Tiger… Read More

February 13, 2022 @ 12:40 pm By Omar Faridi  |  

Klarna, an international retail bank, payments and shopping platform, recently noted that six out of ten or 60% of credit card users don’t know how much interest they are actually being charged. This, according to the latest YouGov research that was commissioned by Fintech firm… Read More

February 13, 2022 @ 12:34 pm By Omar Faridi  |  

Banking services Fintech Engage Fi is the latest local firm (in Tampa) to acquire out-of-state funding. Engage Fi co-founders Jenn Addabbo and James Guild introduced their banking services technology business back in 2014. The firm has reportedly acquired one of the first investments from an $850… Read More

February 11, 2022 @ 11:00 am By Omar Faridi  |  

Volt, the open payments gateway, has reportedly appointed Nathan Marion as General Manager LATAM, in order to lead its strategic expansion in Latin America (LatAm). This follows the Fintech firm’s integration of Brazil’s instant payments system, Pix. Marion joins from e-commerce platform VTEX. There, in… Read More

February 9, 2022 @ 10:47 pm By Omar Faridi  |  

Thndr, the Egyptian digital investment platform, announces a new $20 million Series A investment. Thndr’s investment round was co-led by Tiger Global, BECO Capital and Prosus Ventures, in addition to participation from Base Capital, firstminute and existing investors Endure Capital, 4DX Ventures, Raba Partnerships and… Read More

February 8, 2022 @ 8:22 am By Omar Faridi  |  

Chargebee, a subscription management and recurring billing platform, has acquired $250M in additional capital at a $3.5B valuation. Thrilled to announce that @Chargebee has raised $250M at a $3.5B valuation.🚀We are grateful to our investors, customers, partners & team who have supported our vision to… Read More

February 7, 2022 @ 8:49 am By Omar Faridi  |  

The Pulse of Fintech H2’21 – which is a bi-annual report released by KPMG covering international Fintech investment trends – reveals that global Fintech funding across M&A, PE, and VC hit $210 billion (internationally) across an all-time record 5,684 deals during 2021. Fintech funding in… Read More

February 5, 2022 @ 4:19 pm By Omar Faridi  |  

EBANX, a payments Fintech with an international presence, announced the appointment of Paula Bellizia as the Brazilian unicorn’s partner and president of Global Payments. She will be responsible for leading the Fintech company’s international teams of Sales, Marketing, Operations and Expansion, presently located across the… Read More