Tagged: fintech

April 1, 2021 @ 10:34 am By Samantha Hurst  |  

  Paidy, a Japan-based buy now pay later brand, announced on Wednesday it raised $120 million through its Series D funding round, which included participation from JS Capital Management LLC, Soros Capital Management LLC,  Tybourne Capital Management Ltd, and Wellington Management. Paidy reported that since late… Read More

April 1, 2021 @ 7:32 am By Samantha Hurst  |  

Clocktower Technology Ventures (CTV), the venture capital investment arm within Clocktower Group, announced on Wednesday the launch of its first venture capital fund dedicated to financial services innovation in Latin America. CTV confirmed it has already held a first closing and is targeting a $25… Read More

March 31, 2021 @ 7:49 am By Samantha Hurst  |  

  SadaPay, a Pakistan-based fintech startup, has reportedly secured $7.2 million through its latest seed funding round, which was led by Recharge Capital with participation from Kingsway Capital, Raptor Group, Ualá’s founder Pierpaolo Barbieri, Ribbit Capital’s Brian McGrath, former General Catalyst partner Ilan Stern, and Valon Technologies’ founder… Read More

March 30, 2021 @ 3:48 pm By Samantha Hurst  |  

Digital brokerage solution provider DriveWealth announced on Tuesday it has joined forces with Plaid to enable mutual customers to simplify online investment account funding through one API integration. DriveWealth reported that mutual customers may authenticate their end users’ bank accounts through Plaid and receive tokens, which then… Read More

March 30, 2021 @ 2:55 pm By Samantha Hurst  |  

HighRadius, a U.S.-based fintech enterprise Software-as-a-Service (SaaS) company specializing in integrated receivables, announced on Tuesday it raised $300 million through its Series C funding round, which was led by D1 Capital and Tiger Global with participation from existing investors ICONIQ Growth and Susquehanna Growth Equity…. Read More

March 30, 2021 @ 10:54 am By Samantha Hurst  |  

  Marble, a U.S.-based digital wallet and loyalty platform for insurance, announced on Tuesday it is dropping its waitlist and opening its platform to any U.S. policyholder. The launch comes less than two months after Marble raises $2.5 million through its seed financing round.  Founded… Read More

March 29, 2021 @ 3:08 pm By Samantha Hurst  |  

    NOW Money, a UAE-based digital account service, announced on Monday it raised $7 million through its latest investment round, which was led by Anthemis Exponential Ventures with participation from  Knuru Capital, Wamda, Commercial Bank of Dubai, DIFC FinTech Fund, Accion Venture Lab, Greenhouse Capital, and Hambro Perks Oryx Fund. Founded… Read More

March 29, 2021 @ 10:43 am By Samantha Hurst  |  

  Canadian fintech Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) announced on Monday it has extended its Bitcoin cashback reward program to include MogoMortgage. Mogo reported that under the program its members who take out a new mortgage or refinance may earn up to $3,100 cashback deposited into… Read More

March 28, 2021 @ 10:37 pm By Samantha Hurst  |  

  Pilot, a U.S.-based fintech that specializes in back office services for startups and small businesses, announced on Friday it raised a total of $100 million through its Series C funding round, doubling its valuation to $1.2 billion. The round was notably led by Bezos Expedition… Read More

March 26, 2021 @ 8:26 am By Samantha Hurst  |  

  Drip Capital, a global fintech that provides cross-border trade finance, announced on Thursday it has completed a US$40 million committed warehouse credit facility with East-West Bancorp (EWB) for the expansion of Drip’s trade finance solutions to small and medium-sized businesses (SMBs). Karl Boog, Head… Read More

March 26, 2021 @ 8:18 am By Samantha Hurst  |  

Payfare, a global fintech that specializes in digital banking and instant payout solutions, announced on Thursday it has welcomed new directors to its board. The new board members are the following: Kelly Graziadei: Brings 20 years of leadership experience in tech companies including AltaVista, Yahoo and… Read More

March 25, 2021 @ 2:14 pm By Samantha Hurst  |  

U.S./Mexico fintech Oyster Financial announced on Wednesday it has launched instant credit and revolving credit lines for Mexico-based small businesses. The new products come less than six months after Oyster Financial raised $14 million through its latest seed funding round, which was led by Monashees and… Read More

March 24, 2021 @ 3:12 pm By Samantha Hurst  |  

Bankly, a Nigeria-based fintech, has reportedly secured $2 million through its seed funding round, with was led by Vault. Founded in 2018 by Tomilola Adejana and Fredrick Adams, Bankly states it provides a USSD based savings product where users fund their account using Bankly vouchers nationwide. “We… Read More

March 24, 2021 @ 1:53 pm By Samantha Hurst  |  

  Plaid announced on Wednesday the inaugural cohort of five early-stage fintech startups for FinRise, which is Plaid’s incubator program to empower early-stage entrepreneurs that are Black, Indigenous or People of Color.  As previously reported, FinRise is a nine-month program designed to support early-stage founders… Read More

March 24, 2021 @ 10:27 am By Samantha Hurst  |  

  NumberX, an Austria-based fintech, recently announced its plans to launch if app-based payment card, which is powered by open banking. Mastercard is notably the company’s strategic partner for the card. Founded in 2020, NumberX’s focus is on maximum freedom and flexibility, the greatest possible acceptance, and… Read More

March 24, 2021 @ 10:02 am By Samantha Hurst  |  

  Citi announced on Tuesday it has teamed up with fintech firm Sharegain to launch an automated securities lending solution specifically for wealth managers. Citi reported that through the solution, wealth managers may deliver a securities lending program to their customers, giving them the opportunity to earn… Read More

March 23, 2021 @ 12:44 pm By Samantha Hurst  |  

Jeff App, a Latvian fintech startup that provides a data-enabled loan brokerage platform for unbanked customers in Asia, announced on Tuesday it raised $1 million through its latest financing round led by the Estonian Business Angels Network (EstBAN) syndicate with participation from Startup Wise Guys,… Read More

March 22, 2021 @ 2:15 pm By Samantha Hurst  |  

Zaver, a Sweden-based fintech that allows merchants to accept careless payments and offers buy now, pay later (BNPL), has reportedly secured $5 million through its new funding round, which involved participation from  Inbox Capital, Inventure, Fredrik Österberg, Magnus Rausing, Joen Bonnier, Fabian Hielte, and Max… Read More

March 22, 2021 @ 11:29 am By Samantha Hurst  |  

      Dubai International Financial Centre (DIFC), an international financial hub in the Middle East, Africa, and South Asia (MEASA) region, has received approval to join the World Alliance of International Financial Centers (WAIFC). WAIFC is described as a non-profit association registered in Belgium,… Read More

March 18, 2021 @ 8:28 am By Samantha Hurst  |  

Digital payments platform Wirex announced on Thursday has succeeded in its High Court trademark infringement claim regarding their UK registered trademark for Cryptoback, which is reportedly used in conjunction with the platform’s cryptocurrency rewards scheme. According to Wirex, the lawsuit was against Cryptocarbon Global Ltd,… Read More