Operating system of finance, OpenFin, announced on Thursday it secured $17 million through its Series C funding round, which was led by Wells Fargo with participation from Barclays and existing investors including Bain Capital Ventures, J.P. Morgan and Pivot Investment Partners. Founded in 2010, OpenFin… Read More
Tink, a Sweden-based fintech that provides APIs to create next-generation banking services, announced on Wednesday it has join forces with banking group SDC to provide 120 Nordic banks access to account aggregation and payment initiation services. According to Tink, the access will allow the banks to… Read More
Binji, a U.S.-based fintech startup, announced on Wednesday the launch of its new personal finance solution. The company reported that its digital display debit Mastercard works in tandem with its mobile app. The platform also offers the ability to consolidate up to 24 credit and… Read More
KOHO, a fintech startup that offers Canadians an alternative to traditional banking, announced on Wednesday it secured $42 million through its latest funding round, which was led by Portag3 Ventures, with participation from Greyhound Capital and other strategic investors. Founded in 2014, KOHO stated that… Read More
Tencent Holdings Limited, a leading provider of Internet value-added services based in China, announced on Wednesday its financial results of 2019’s first quarter. According to Ma Huateng, Chairman and CEO of Tencent, Tencent sustained “healthy user engagement” across its key platforms and saw notable growth in… Read More
Mastercard (NYSE: MA) announced on Tuesday the launch of the Mastercard Innovation Engine, which is described as an API based digital platform that enables issuers and merchants a simplified path to rapidly deploying digital capabilities and experiences to their customers. According to Mastercard, the plug-and-play… Read More
Pennies, a UK-based fintech and digital charity box, has reportedly surpassed 70 million in consumer digital donations. Founded in 2010, Pennies revealed it is creating a “unique digital ecosystem” by using new technology to unlock millions of pounds in new giving. “Designed to fit with our… Read More
GeoDB, a UK-based fintech startup that aims to provide a big data marketplace that includes an encrypted, safe, transparent, verified, accurate and decentralized datapool, is set to close its equity crowdfunding campaign on Crowdcube with more than £900,000 in funding. The funding round was launched… Read More
The Investment Association (IA) announced on Wednesday the second cohort of fintech firms which will be joining Velocity, the IA’s innovation hub and FinTech accelerator for the buy-side and asset management industry. The firms selected are the following: AxeTrading: A specialist Fixed Income EMS delivering technology… Read More
Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Wednesday it has opened new international headquarters in Singapore, while also launching “SquirrelSave,” a new digital wealth management service developed by its Singapore-based venture, PIVOT Fintech Pte. Ltd (PIVOT). PINTEC reported its international headquarters in Singapore will… Read More
Fig Loans, a U.S.,-based fintech company that offers credit building alternatives to predatory loans for low-income borrowers, announced on Tuesday it has become a Certified B Corporation and federally certified Community Development Institution (CDFI). According to Fig, CDFIs are certified by the U.S. Department of… Read More
Germany-based global provider of digital payments and commerce solutions Wirecard announced on Tuesday it has teamed up with Orange Money to launch a new digital payment and banking service in Eastern Europe. Wirecard reported it is now offering a financial commerce solution that allows contactless payments… Read More
FinTech Australia announced on Monday the finalists for the 2019 Finnies. According to the organization, there was a total of 237 submissions this year across all 19 award categories and the number of submissions was up 30%. This year’s event, which will be held in… Read More
U.S. fintech Jumio announced on Thursday it has joined forces with UK challenger banker Monzo. Jumio reported that it has been Monzo’s primary identity verification solution since 2017 and the companies have worked together to offer an easy-to-use, intuitive mobile onboarding experience for Monzo’s customers,… Read More
FIS (NYSE: FIS), a financial services technology firm, announced on Thursday the ten portfolio companies that were selected to participate in the fourth annual FIS Fintech Accelerator program. According to FIS, the companies will participate in a rigorous 12-week program designed to accelerate the development… Read More
Plum, an artificial intelligence (AI) chatbot for personal finance, announced on Thursday it has achieved 433% user growth in one year, growing from 75,000 to 400,000 users, and has attracted a $4.5 million investment that brings total investment in the firm to $6.3 million. The… Read More
U.S.-based fintech Broadridge Financial announced on Wednesday it is now set to acquire Rockall, a market provider of securities-based lending (SBL) and collateral management solutions for wealth management firms and commercial banks. Broadridge reported that the acquisition expands its core front-to-back office wealth capabilities, providing… Read More
Finitive, a Fintech that connects institutional investors with alternative lending investments, announced on Monday it secured $6 million through its latest seed funding round, which was led by Atomic Labs. Finitive is described as a fintech platform that provides institutional investors with zero-fee access to alternative… Read More
Cross River, a bank that delivers advanced financial and compliance products/services to the fintech industry, announced on Monday it has teamed up with RS2 to offer a new digital banking experience. Through the collaboration, Cross River and RS2 will provide merchants with a global payment… Read More
Citi Treasury and Trade Solutions announced last week it has formed a strategic partnership with Vietnam-based intermediary payment service provider Payoo to facilitate consumer-to-business collections for corporate clients in the country. Citi reported that under the partnership, its corporate clients in Vietnam will be able… Read More
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