Tagged: fintech trends

November 24, 2021 @ 12:01 pm By Omar Faridi  |  

Brazil-based virtual banking Fintech Nubank has partnered with several different retailers in order to add a digital commerce section to its app. At the time of launch, Nubank‘s clients in Brazil can start shopping at retailers like AliExpress, Dafiti and Magalu via the app, with… Read More

November 23, 2021 @ 8:01 am By Omar Faridi  |  

The team at UK-based Fintech Modulr says they wanted to let their community know that they’ve been named a 2021 Deloitte UK Technology Fast 50 winner. Now in its twenty-fourth year, the Deloitte Technology Fast 50 is one of the United Kingdom’s tech awards programs,… Read More

November 22, 2021 @ 8:31 pm By Omar Faridi  |  

GCC-headquartered early-stage VC company VentureSouq has introduced a $50 million MENA region Fintech Fund I. As mentioned in the announcement, the MENA Fintech Fund I is the first sector-wide Fintech-focused fund to be introduced across the Middle East area and Pakistan. The new Fund is… Read More

November 22, 2021 @ 8:09 am By Omar Faridi  |  

CIRCA5000 (previously doing business as tickr) has acquired 273% (£2,738,190) of its £1M fundraising target from 1574 investors (at the time of writing) via Crowdcube with 27 days left in the firm’s crowdfunding campaign. The UK-based firm reports a £30 million pre-money valuation, a £1.43… Read More

November 22, 2021 @ 8:04 am By Omar Faridi  |  

Peru’s Fintech sector has been expanding at a steady pace during the past few years. There are at least 171 Fintechs operating in the country, as of September 2021. These numbers represent a sizable 16% increase from last year, as well as a yearly growth… Read More

November 21, 2021 @ 4:25 pm By Omar Faridi  |  

GOODFOLIO, a Fintech offering a personalized and “effortless” way to invest in various firms and industries that share your “ethical” values, has secured 152% (£152,156) of its fundraising target of £100,004 via Seedrs (at the time of writing) with 24 days left in the firm’s crowdfunding… Read More

November 21, 2021 @ 3:28 pm By Omar Faridi  |  

Caxton, which claims to be a profitable payments Fintech, has secured 151% (£1,512,752) of its £1M fundraising target from 1011 investors (at the time of writing) via Crowdcube. Caxton, which says it has a great team and proven technology and further claims that 500k+ B2B… Read More

November 21, 2021 @ 2:09 pm By Omar Faridi  |  

Earny, a Switzerland-headquartered company that aims to streamline and automate payroll for SMEs, recently revealed that it has launched its Software-as-a-service (SaaS) as a public beta this month. By providing access of its solution to a relatively small group of clients, Earny says it is… Read More

November 20, 2021 @ 9:32 am By Omar Faridi  |  

Digital assets firm Kraken notes that in the fast-paced world of virtual currencies, every second counts when you’re moving funds around. Kraken writes in a blog post that establishing the bridges that enable seamless transactions from legacy banking platforms to the “ever-growing” number of blockchain… Read More

November 18, 2021 @ 3:59 pm By Omar Faridi  |  

Payments Fintech mx51 has reportedly hired ex- Mastercard Australia VP Varghese Mathew to serve as its Chief Customer Officer. Varghese brings around 10 years of industry experience in financial services and tech to the role, occupying key roles at Mastercard, The Boston Consulting Group and… Read More

November 16, 2021 @ 8:26 am By Omar Faridi  |  

UK-based digital banking platform, Starling Bank has reportedly acquired a mortgage book valued at about £1 billion as the Fintech tries to challenge the United Kingdom’s established banks. Starling Bank has reportedly obtained the home loans portfolio from Kensington Mortgages, which offers financing for clients… Read More

November 15, 2021 @ 11:07 pm By Omar Faridi  |  

Finastra has entered into a partnership with Hexaware Technologies  in order to offer managed services for Finastra’s payments solutions deployed via the Cloud. As mentioned in the announcement, the move should assist Hexaware clients in Germany, Belgium, the United Kingdom and Ireland with taking ownership… Read More

November 15, 2021 @ 7:46 am By Omar Faridi  |  

Affirm (NASDAQ: AFRM) notes that Buy Now, Pay Later (BNPL) is more than just a “modern twist” on layaway. Affirm writes in a blog post that consumers love the flexible payment method as a way to “avoid credit cards and manage their cash flow.” The… Read More

November 11, 2021 @ 10:00 pm By Omar Faridi  |  

FINOS, the Fintech Open Source Foundation, has announced at its Open Source Strategy Forum in New York, six new corporate members, “bringing its membership to 55 members.” As mentioned in the announcement, BMO Financial Group (BMO) joins as a Platinum member, with Kim Prado, CIO,… Read More

November 10, 2021 @ 3:05 pm By Omar Faridi  |  

Rapyd, an international Fintech as a Service firm, has made new enhancements to its Disburse and Collect Platforms, offering end-to-end infrastructure for B2B companies to pay suppliers and sellers while “getting paid by customers around the world more efficiently.” As mentioned in a release shared… Read More

November 9, 2021 @ 9:51 pm By Omar Faridi  |  

Fintech Australia, a national association focused on supporting the financial tech space, has provided a free new map for Fintech companies. The map offers a list of investors that are active in the nation’s Fintech industry. As noted in the announcement, the map includes investors… Read More

November 9, 2021 @ 5:33 pm By Omar Faridi  |  

MX, the financial data platform and leader in modern connectivity, has announced its integration with Q2 Holdings, Inc. (NYSE: QTWO), a provider of digital transformation solutions for banking and lending, via Q2’s Partner Accelerator Program, which is reportedly a part of Q2 Innovation Studio. Via… Read More

November 8, 2021 @ 7:25 am By Omar Faridi  |  

A report from CBInsights reveals that $31.1B in global funding was acquired by Fintech startups during Q3 2021—which is the “second-highest quarter ever.” Despite falling around 16% when compared to the past quarter’s record levels, financing remains elevated in the Fintech venture space. This last… Read More

November 8, 2021 @ 6:52 am By Omar Faridi  |  

When Fintech Plaid first started offering services, they had been mainly focused on connecting with traditional institutions in the jurisdictions they had established businesses. These strategic connections enabled consumers to easily find and link their institution to the Fintech apps and services they required, the… Read More

November 7, 2021 @ 11:51 pm By Omar Faridi  |  

Krungsri (Bank of Ayudhya (PCL), one of Thailand’s biggest banks, has teamed up with global payments platform Nium in order to streamline their international transfer offerings for corporate and individual Krungsri clients. The partnership comes as research reveals that 82% of consumers in Thailand have… Read More