Tagged: fintech

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

March 18, 2021 @ 7:56 am By Samantha Hurst  |  

  PayFit, a France-based fintech that specializes in payroll and HR, announced on Wednesday it secured 90 million through its Series D funding round which was led b y Eurazeo Growth, Large Venture, and BPI France with participation from Accel, Frst, and Xavier Niel. Launched… Read More

March 16, 2021 @ 10:43 am By Samantha Hurst  |  

LendingUSA, a U.S.-based fintech lender that provides loans to small businesses ranging from $1000 to $35,000, announced on Tuesday it has appointed Michael Brown as its new Vice President of Credit Risk and Pricing. The latest appointment comes just weeks after LendingUSA appointed Adam Contino… Read More

March 16, 2021 @ 10:09 am By Samantha Hurst  |  

Brim Financial (Brim), a Canadian fintech and certified credit card issuer, announced on Tuesday it secured $25 million through its Series B round, which was co-led by Desjardins Group and  EPIC Ventures with participation from Canadian and U.S.-based investors, including goeasy Ltd., White Owl, and… Read More

March 15, 2021 @ 2:17 pm By Samantha Hurst  |  

    KOHO, a Canada-based challenger bank that offers Canadians an alternative to traditional banking, has reportedly secured $70 million through its Series C funding round. According to BetaKit, the funding round was led by TTV Capital with participation from Drive Capital and Portag3 Ventures…. Read More

March 15, 2021 @ 12:34 pm By Samantha Hurst  |  

  upSWOT, a U.S.-based fintech platform that is seeking to help financial institutions dramatically improve their ability to service Small-Medium Business clients (SMBs), announced on Monday it raised $4.3 million through its seed funding round, which was led by Common Ocean. Founded in 2019, upSWOT states… Read More

March 14, 2021 @ 10:40 pm By Samantha Hurst  |  

    River Financial, a U.S.-based Bitcoin financial provider, recently announced it secured $12 million through its Series A funding round, which was led by Goldcrest Capital with participation from Craft Ventures, Polychain Capital, M13, Castle Island, Slow Ventures, and The Kraft Group. The investment round… Read More

March 14, 2021 @ 10:23 pm By Samantha Hurst  |  

Brane Capital., a digital asset custodian based in Canada, recently announced it has appointed former BNY Mellon President and CEO, Jerome Dwight, as its new President. According to Brane, Dwight led the BNY Mellon’s international expansion of corporate and institutional global custody and wealth management… Read More

March 10, 2021 @ 4:52 pm By Samantha Hurst  |  

  Change, a Northern Europe-based investment app, announced on Wednesday a  a 782% increase in the price of its shares since the company began trading on global equity funding and trading platform Funderbeam. Change reported it listed a portion of their shares in November 2020 and… Read More

March 10, 2021 @ 10:32 am By Samantha Hurst  |  

  Galileo, the API standard for card issuing and digital banking, and a subsidiary of Social Finance, Inc. (SoFi) announced on Wednesday  the opening of its Latin America headquarters and innovation center in the Torre Reforma building, which is located in Mexico City As previously… Read More

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

  Menufy, a commission-free, online ordering system for independently owned restaurants and small chains in the U.S., announced on Tuesday it has integrated with Square to help businesses increase their digital ordering volume. Through the integration, restaurateurs that use a Square for Restaurants point-of-sale (POS)… Read More

March 10, 2021 @ 8:01 am By Samantha Hurst  |  

  Paymynt Financial Group, a U.S.-based fintech, announced on Wednesday the launch of its MYNT PayCard, which is a multicurrency hardware wallet. The company reported that MYNT Card is a reloadable smart card that allows users to store and spend multiple currencies. Michael Rosa, CEO… Read More