Tagged: fintech

Canapi Ventures Launches Inaugural $545 Million Fintech Venture Funds

U.S. venture capital firm Canapi Ventures announced on Wednesday the launch of its inaugural venture capital funds. The funds, which are centered around early to growth-stage financial technology investment opportunities, have received $545 million in commitments from a “robust” institutional investor base.  “Canapi focuses on… Read More

Monese Milestone: Signs Up Two Million Customers

Digital banking group Monese announced on Wednesday two million customers have officially signed up for its services. Monese reported that in 2019, customer growth tripled with more than 9,000 users now joining its platform every day. At this current growth rate, Monese is on track… Read More

Broadridge Set to Acquire FundsLibrary

U.S.-based fintech Broadridge Financial Solutions announced on Tuesday it is set to acquire FundsLibrary, a company focused on fund document and data dissemination in the European market, from its parent company Hargreaves Lansdown. Broadridge reported that by combining FundsLibrary’s capabilities with its existing regulatory communications… Read More

FIS Opens Applications For 2020 Fintech Accelerator Program

Fintech

FIS (NYSE: FIS), a financial services technology firm, announced on Tuesday it has opened applications for the 2020 FIS Fintech Accelerator. According to FIS, the FIS Fintech Accelerator program is conducted in collaboration with the State of Arkansas and Little Rock-based The Venture Center. It… Read More

U.S. & Lagos Fintech Startup Flutterwave Secures $35 Million Through Series B Funding Round & Announces New Partnership With WorldPay For Payments in Africa

Flutterwave, a U.S. and Lagos-based fintech that’s on a mission to build payments infrastructures to connect Africa to the global economy, has reportedly secured $35 million through its Series B funding round. Along with the investment announcement, the company revealed it is now teaming up… Read More

MoneyGram Announces New Partnership With Non-Banking Finance Group LuLu Money

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Tuesday it has formed a new partnership with LuLu Money, a non-banking finance group that specializes primarily in foreign exchange and global money transfers.  MoneyGram reported that through the partnership LuLu Money will utilize the MoneyGram… Read More

Icici Bank Launches Cardless Cash Withdrawal Through ATM Using iMobile Service

India-based banking group Icici Bank announced on the launch of its Cardless Cash Withdrawal feature from ATMs. The bank reported this service enables customers to withdraw cash from more than 15,000 ATMs of the bank by simply raising a request on iMobile, Icici Bank’s mobile… Read More

AI SaaS Business FeedStock Raises £2.5 Million Through Latest Investment Round Led By Praetura Ventures

FeedStock, an AI-driven SaaS business that uses the latest natural language processing technologies to enable financial services companies to meet both their compliance requirements and commercial goals, announced on Monday it secured £2.5 million through its latest investment round, which was led by Praetura Ventures… Read More

Payroll Service Provider OnPay Secures $6 Million Through Series A Funding Round

OnPay, a U.S.-based payroll service provider for small businesses and accountants, announced on Monday it secured $6 million through its Series A funding round. Founded in 2011, OnPay describes itself as a software company that offers small businesses and accountants payroll, HR and benefits services…. Read More

Hong Kong Fintech Liquefy Appoints Former COO of Turner Sports Matt Hong to Advisory Board

Hong Kong-based fintech Liquefy announced on Monday it has appointed former COO of Turner Sports, Matt Hong, as the inaugural member of its new advisory board. The company reported it will “tap” Hong to bring his experience in the sports industry to advise the fintech… Read More

UK Payments Platform DNA Payments Announces Acquisition of Zash AB

UK fintech DNA Payments announced on Friday it has officially acquired Zash AB, a Swedish fintech company providing Point of Sale Software and Payments services to over 1000 clients in the UK, across EU, Latin America and Brazil. According to DNA, Zash was founded by… Read More

Monzo Now Reporting to Experian

UK-based digital banking group Monzo announced last week it will be now be reporting to Experian. The company revealed that it previously just reported to TransUnion. “Although we’ve started sharing information with Experian, it’ll take a month or two for Monzo to appear on your… Read More

Brazilian Fintech EBANX Announces New Digital Account & Prepaid Card

Brazilian fintech EBANX announced earlier this week the launch of its new digital account, EBANX GO, and prepaid card in a partnership with Visa that offers 5% cashback in purchases made in a list of 18 specific merchants, which includes Spotify, AliExpress, Gearbest, UseGiraffe, PatPat,… Read More

AvidXchange Secures $260 Million Through Latest Investment Round to Support Continued Growth

Money Benjamin Dollars 100

AvidXchange, a U.S. fintech that provides accounts payable and automated payment solutions to midsize businesses, announced on Friday it has raised $260 million in equity capital as part of the company’s latest financing round. With contributions from TPG Sixth Street Partners and other leading investors, this brings… Read More

Swedish Banking Group Northmill Appoints Mattias Hallgrim as New CMO

Northmill, a Fintech based in Sweden, announced on Wednesday it has appointed Mattias Hallgrim as its new CMO. According to Northmill, Hillgrim has more than 20 years of experience from a wide range of leading businesses such as Tradedoubler and Ticketmaster and most recently he… Read More

Raisin Announces Acquisition of Software Company Choice Financial Solutions

Cross-border savings and investments marketplace Raisin announced on Wednesday it is acquiring software company Choice Financial Solutions. Raisin reported that the acquisition will make its first real innovation to the U.S. deposits market in generations broadly accessible to banks across the country. “Raisin will license… Read More

NatWest Joins Forces With Soldo to Boost SME Lending

UK banking group NatWest announced on Wednesday it has joined forces with Soldo, a pre-paid company card provider for small businesses, to expand its SME lending capabilities. NatWest reported that the partnership will allow two of its ventures, Esme Loans and Rapid Cash, to be… Read More

Bankable Announces New Partnership With Plaid

Bankable, a UK-based banking as a service platform, announced on Wednesday it has formed a new partnership with U.S. fintech Plaid. Bankable reported that the partnership will allow its customers the ability to use Plaid’s technology to connect with their users’ bank accounts worldwide. “By… Read More

Ant Financial Announces Inaugural INCLUSION Fintech Conference to Take Place in Shanghai

Ant Financial Services Group (Ant Financial), a China-based tech company and the operator of Alipay, is set to host its upcoming fintech conference in Shanghai. Ant Financial reported that the INCLUSION Fintech Conference is an event that aims to bring together the global financial and… Read More

Tradeshift Reportedly Secures $240 Million Through Latest Funding Round & Puts IPO Plans on Hold

Business commerce platform Tradeshift has reportedly secured $240 million in equity and debt through its latest funding round. The new investment comes less than two years after Tradeshift raised $250 million through its Series E funding round, which was led by Goldman Sachs and Public Sector… Read More

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