Tagged: fintech

July 5, 2021 @ 11:33 am By Priyanka Pani  |  

Apollo Global Management, Inc. (Apollo) has acquired a 24.9% stake in a Fintech-focused private equity firm, Motive Partners’ (Motive) management company, for an undisclosed amount. However, industry experts value the deal at $1 billion. With this, Apollo and its affiliates would become limited partners in… Read More

June 29, 2021 @ 5:23 pm By Tony Zerucha  |  

African Fintech platform Carbon today announced a five-year partnership with Visa which will see physical and digital credit cards offered to its customers. Visa will provide funding across the term for implementation and marketing support. In 2020 Carbon pivoted from digital lending to digital banking… Read More

June 24, 2021 @ 9:33 pm By Tony Zerucha  |  

While recent levels of investment in the most attractive tech sectors are impressive, you ain’t seen nothing yet. According to market reports nanotechnology, AI, digital twins, genomics, and other biotech life sciences, which attracted $893 billion of investment last year, will draw $2.44 trillion by… Read More

June 22, 2021 @ 11:14 pm By Tony Zerucha  |  

Cross River Bank seeks to extend its reach as a provider of fintech services through its new venture capital firm. Cross River Digital Ventures looks for companies which blend lending, payments, investing and fintech and which can bring further value to Cross River, “Cross River… Read More

June 21, 2021 @ 9:47 pm By Priyanka Pani  |  

Mobility app Moja Ride has partnered with Fintech O-CITY to fuel its digital innovation and future expansion plan in key West African markets. Based in Ivory Coast’s capital city Abidjan, Moja’s partnership with O-CITY comes after a series of funding rounds from leading global investors,… Read More

June 14, 2021 @ 10:00 pm By Priyanka Pani  |  

Alibaba-backed Indian major Fintech major Paytm is reported to be in talks with a few domestic payment gateways for a possible acquisition as it firms up its strategy to go public this year. Paytm, owned by financial services firm One97, plans a $3 billion initial… Read More

June 14, 2021 @ 3:20 pm By Priyanka Pani  |  

Amsterdam-headquartered Adyen (AMS: ADYEN) is on an expansion spree. After entering the Middle East market, the company has now received a banking branch charter in the United States to establish a Federal Foreign Branch, the company said. Banking licensing overseer, the Office of the Comptroller of… Read More

June 9, 2021 @ 11:32 pm By Tony Zerucha  |  

European wealth management fintech Raisin has crossed one billion euros in assets under management, largely on the strength of its growing business in Germany. Over the past six months, German investments have surged by 35 percent as investors access Raisin’s ETF investment products, an area… Read More

June 8, 2021 @ 6:00 pm By Priyanka Pani  |  

London-based Yapily, a leading Open Banking infrastructure provider, has launched a new bulk payments service in the UK market. Yapily has started the service by going live with Comma, an SME payments platform in that country.    Yapily claims to have simplified the complex process of bulk payments… Read More

June 7, 2021 @ 7:06 pm By Priyanka Pani  |  

Alibaba-backed One97 Communications, which owns mobile payments firm Paytm, has received a green nod from its board to go public. In a letter to all its stakeholders and employees having stock options, the company said it had received in-principle approval from its board to issue… Read More

June 7, 2021 @ 4:17 pm By Priyanka Pani  |  

American Challenger bank and personal finance app Dave has announced that it plans to go public through a merger with a blank-check firm sponsored by investment firm Victory Park Capital. With this, the banking app’s valuation has ballooned to $4 billion amidst a pandemic that… Read More

June 7, 2021 @ 1:24 am By Priyanka Pani  |  

Swedish Fintech startup Klarna Bank AB is apparently considering a share listing in the U.S. market. According to a Bloomberg report, Klarna is likely to choose the U.S. market even as the U.K. authorities continue to scrutinize the buy-now-pay-later startups in the region.  In the… Read More

June 3, 2021 @ 8:46 pm By Samantha Hurst  |  

B2B fintech-as-a-service provider Rapyd announced on Thursday its new venture arm, which will focus on investing in early and growth-stage businesses that are delivering the next wave of financial services innovation. The company reported that the arm will be led by Joel Yarbrough, MD of Rapyd… Read More

June 3, 2021 @ 8:26 pm By Samantha Hurst  |  

   The Beans, a U.S.-based fintech startup announced on Thursday it secured $2 million through its investment round, which was led by Precursor Ventures with participation from Relay Ventures, One Planet VC, Swing Ventures, Oxford Angel Fund, and a group of notable angel investors. The Beans describes itself… Read More

June 2, 2021 @ 3:06 pm By Samantha Hurst  |  

  U.S.-based payments platform Veem announced on Wednesday the expansion of its no-fees domestic payment services to Canada. The service, called Veem Local Canada, will include Electronic Funds Transfers (EFT), which will give Canadian business owners a new, easy-to-use tool for payment options. According to… Read More

June 2, 2021 @ 2:02 pm By Samantha Hurst  |  

  Taulia, a U.S.-based working capital solutions provider, announced on Tuesday it has expanded its global footprint by growing its presence in both China and Singapore. Founded in 2009, Taulia claims to be a leading provider of working capital solutions. Through a combination of its… Read More

June 2, 2021 @ 10:07 am By Samantha Hurst  |  

  Green Feather, a U.S.-based healthcare fintech and the creator of patient payments platform, Feather Pay, announced on Wednesday it raised $1.5 million through its latest seed investment round, which was led by Lawrence P. Huang, Co-Foudner of Ciena Corp. and Executive Chairman of Green… Read More

June 1, 2021 @ 1:16 pm By Samantha Hurst  |  

  Belvo, a Latin American fintech, announced on Tuesday it secured $43 million through its Series A funding round, which saw participation from Future Positive and FJLabs. Founded in 2019, Belvo enables financial innovators to access and interpret data from their end-users in an easy… Read More

June 1, 2021 @ 12:02 pm By Samantha Hurst  |  

  CommonBond, an online lending platform servicing the student loan market, announced on Tuesday it has appointed Sonali Sambhus to its Board of Directors. According to CommonBond, Sambhus currently leads the developer platform at Square.  CommonBond also revealed that Sambhus has two decades of experience building technology products, from… Read More

May 31, 2021 @ 9:06 am By Samantha Hurst  |  

    UK banking group NatWest recently announced it is encouraging small business customers to make a climate commitment and join the government’s Together for our Planet ‘business climate leaders’ campaign, which was launched by the Prime Minister Boris Johnson and Business & Energy Secretary. NatWest… Read More