Tagged: fintech

Global Fintech Drip Capital Surpasses $1 Billion in Cross-Border Trade Receivable Financing Transactions

Drip Capital, a global fintech, announced on Friday it has financed more than US$1 billion of cross-border trade through its online platform.  Founded in 2015, Drip Capital is on a mission to solve the “work capital problem” for SME exporter using technology. “Trade finance is… Read More

Canadian Fintech Mogo Milestone: Helps More Than 1.1 Million Canadians Improve Their Financial Health

  Canadian fintech Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) announced on Thursday ended 2020 with more than 1.1 million members, placing it among the largest fintech companies in Canada by total members. Founded in 2003, Mogo describes itself as a digital challenger to the banks in Canada,… Read More

Toronto-Dominion Bank Announces Acquisition of Wells Fargo’s Canadian Direct Equipment Finance Business

  Toronto-Dominion Bank (TD Bank) announced on Thursday it has signed a definitive agreement to acquire Wells Fargo’s Canadian Direct Equipment Finance business. TD reported that the acquisition of Wells Fargo’s Canadian Direct Equipment Finance business is expected to add scale and capabilities to its… Read More

U.S. Fintech Vesica Raises $2.1 Million Through Seed Funding Round

U.S.-based fintech Vesica announced earlier this week it raised $2.1 million through its seed funding round, which included investments from Mercury Digital Assets and Miami International Holdings. Vesica shared its flagship product, SHIFT, empowers traders with a “front page view” of financial markets by providing… Read More

Walgreens Joins Forces With Synchrony & Mastercard to Launch Credit/Debit Cards

  Walgreens announced on Wednesday it is expanding its financial services offering in partnership with Synchrony (NYSE: SYF) and Mastercard (NYSE: MA), as part of its ongoing commitment to offer differentiated healthcare services and benefits to customers. The retailer reported that in the coming months,… Read More

U.S. Fintech MX Secures $300 Million Through Series C Financing Round; Increases Valuation to $1.9 Billion

  U.S.-based money experience company MX announced on Wednesday it has raised $300 million in a Series C funding round led by a $150 million investment from TPG Growth with additional participation from new and existing investors including CapitalG, Geodesic Capital, Greycroft, Cota Capital, Canapi Ventures, Digital Garage, Point72… Read More

Rapyd Scores $300 Million Through Series D Funding Round Led By Coatue; Doubles Valuation to $2.5 Billion

  B2B fintech-as-a-service provider Rapyd announced on Wednesday it secured $300 million through its Series D financing round, which was led by Coatue with participation from Spark Capital, Avid Ventures, FJ Labs, Latitude, General Catalyst, Oak FT, Tiger Global, Target Global, Durable Capital, Tal Capital,… Read More

U.S. Fintech Relay Payments Raises $43 Million in Funding Over the Past Six Months

Relay Payments, a U.S.-based fintech, announced on Tuesday it raised $43 million in funding over the past six months as it continues to “transform” payment processing within the supply chain industry.  Relay Payments describes itself as an end-to-end payment solution that takes the frustration out… Read More

U.S. Fintech Artis Announces New Bank Funding Partneship With Drummond Community Bank

Artis Technologies, a U.S.-based fintech that provides lending solutions for businesses, announced on Tuesday it has entered into a new bank funding partnership with Drummond Community Bank for its Artis Credit platform. According to Artis, the funding will fulfill consumer loans originating through the company’s… Read More

UK Fintech Curve Secures $95 Million As Part of Series C Funding Round

  Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, announced on Monday it secured $95 million as part of its Series C investment round. According to Curve, the round was led by IDC Ventures, Fuel… Read More

Stripe Reportedly Will No Longer Process Payments for the President Trump’s Campaign Website Following Capitol Building Incident

  Following the tragic event at the Capitol Building last Wednesday, U.S.-based fintech Stripe has reportedly stopped processing payments for President Donald Trump’s campaign website. According to WSJ, a source close to the situation stated that Stripe is cutting off the campaign account for violating… Read More

Blockchain Fintech PAYMNT Financial Announces Acquisition of Payment Technology For Crypto Payments LettucePay

PAYMNT Financial, a U.S.-based blockchain fintech startup, announced on Thursday it has acquisition LettucePay, which is a payment technology firm that specializes in cryptocurrency payments. PAYMNT reported that the acquisition makes it possible for its platform to integrate cryptocurrencies as a form of payment at… Read More

Hong Kong Fintech Neat Rolls Out New Visa Card

  Neat, a digital bank group based in Hong Kong, announced on Tuesday it has become a member of Visa and rolled out its new Neat Visa card. This announcement comes less than six months after Neat secured an additional $4 million extension of its… Read More

U.S. Fintech AvidXchange Announces Acquisition of AP Solutions Core Associates

  AvidXchange, a U.S. fintech that provides accounts payable and automated payment solutions to midsize businesses, announced on Monday it has acquired Core Associates, the makers of TimberScan and complementary AP solutions. AvidXchange claims that through the acquisition, it is now one of the foremost… Read More

Australian Green Energy Fintech Brighte Secures $100 Million Through Latest Investment Round

Brighte, an Australia-based green energy fintech, recently announced it secured $100 million through its latest investment round. According to various media outlets, the round was led by Grok Ventures, the investment fund of Mike and Annie Cannon-Brookes. Founded in 2015, Brighte describes itself as a… Read More

Update: European Fintech Governance.com Secures Nearly €450,000 Through Crowdcube Round

  Governance.com, a Luxembourg-based fintech that provides technology-enabled governance solutions, has raised nearly €450,000 through its equity crowdfunding campaign on Crowdcube. The funding round, which originally sought to raise €250,000, has so far attracted more than 355 Crowdcube investors. As previously reported, Gorvernance.com was founded… Read More

Canadian Fintech XTM Issues Restricted Share Units

    XTM, a Canada-based fintech that provides mobile banking and payment card solutions, recently announced it has issued its restricted share unit (RSU) plan, pursuant to which the Company may grant options and RSUs to attract, motivate and retain directors, officers, employees, and consultants…. Read More

Paysend Welcomes More Than 150,000 New U.S. Customers in the Past Three Months Alone

  Paysend, a UK-based global payments platform, announced on Tuesday more than 150,000 net new U.S.-based customers have used its platform during the last three months alone to send digital money transfers across borders. Paysend reported that following its stateside launch in September amidst the pandemic,… Read More

Update: UK Fintech GeoDB is set to close Latest Seedrs Campaign With More Than £2.4 Million Secured

    UK fintech GeoDB is set to close its latest equity crowdfunding campaign on Seedrs with more than £2.4 million raised from nearly 550 Seedrs investors. The funding round was launched last month and quickly secured its initial £2 million funding target.  As previously… Read More

MoneyGram Announces Five-Year Extension to Canada; Continues Service to More Than 5,000 Canada Post Locations Across the Country

Digital money transfer service MoneyGram (NASDAQ: MGI) recently announced it has a five-year extension to its partnership with Canada Post. The renewal, which runs through December 2025, allows MoneyGram customers to continue to transfer money and pay bills at over 5,000 Canada Post locations throughout… Read More

Send this to a friend