Tagged: fintech

October 14, 2020 @ 10:47 am By Samantha Hurst  |  

Finexio, a AP payments as a service platform, announced on Wednesday it secured $23 million through its latest investment round, which was led by Medalist Partners, an alternative credit manager based in New York. Founded in 2015, Finexio explained that it simplifies accounts payable payments for… Read More

October 14, 2020 @ 10:10 am By Samantha Hurst  |  

U.S. fintech Galileo announced on Wednesday it has joined forces with Save, a fintech startup that enables higher yields on savings and checking accounts, to process transactions and funding of Save customers’ Debit Invest debit cards and Save Market Savings accounts. Galileo reported that through… Read More

October 13, 2020 @ 8:12 am By Samantha Hurst  |  

UK digital banking group Tandem announced on Tuesday it has appointed Barclays vet and former CEO of Allium, Paul Noble, has been appointed its new Chief Commercial Officer. This news comes less than two months after Tandem acquired Allium.  As previously reported,  Allium notably has… Read More

October 12, 2020 @ 4:31 pm By Samantha Hurst  |  

Wirex, a UK-based payments platform, is set to close its equity crowdfunding campaign on Crowdcube with more than £3.1 million secured. The funding round was launched last month and has already attracted nearly 6050 Crowdcube investors. As previously reported, Wirex is a UK FCA-licenced global… Read More

October 12, 2020 @ 1:58 pm By Samantha Hurst  |  

  Joko, a fintech startup based in France, has reportedly raised €10 million through its latest investment round. The funding round comes just a little over a year after Joko raised €1.9 million through its first investment round. As previously reported, Joko states it is… Read More

October 9, 2020 @ 10:40 am By Samantha Hurst  |  

Russian banking group Tinkoff announced earlier this week it has launched a financial messenger built into its mobile app that allows users to chat while making financial transactions. According to Tinkoff, customers will be able to share bookings, payments, and gigabytes of traffic soon, as… Read More

October 8, 2020 @ 10:23 pm By Samantha Hurst  |  

Wirex, a UK-based payments platform, has secured more than£2.7 million raised through its equity crowdfunding campaign on Crowdcube. The funding round, which quickly secured its initial £1 million minimum target, has so far attracted nearly 5260 Crowdcube investors. As previously reported, Wirex is a UK FCA-licenced… Read More

October 8, 2020 @ 8:41 am By Samantha Hurst  |  

Petal, a credit card startup pioneering “Cashflow Underwriting” as an alternative to traditional credit scoring, announced on Thursday the launch of its new no-annual-fee Visa credit card, Petal 1. The new card is paired with a mobile app that will “deliver” various features, tools, and… Read More

October 7, 2020 @ 3:38 pm By Samantha Hurst  |  

Alkami Technology, Inc. (Alkami), a cloud-based digital banking solutions provider for banks and credit unions, announced on Tuesday it has acquired fraud prevention provider, ACH Alert. Alkami reported that the acquisition extends its omnichannel platform to include enhanced fraud prevention and secure money movement functionality…. Read More

October 7, 2020 @ 10:09 am By Samantha Hurst  |  

U.S. fintech Payrix announced on Wednesday it is set to expand its services in Australia and New Zealand, as well as completed its acquisition of Brisbane-based payment service provider, IntegraPay. The expansion efforts come just days after Payrix announced it secured $50 million through its… Read More

October 6, 2020 @ 3:37 pm By Samantha Hurst  |  

Finoa, a Germany-based fintech, announced on Tuesday it is teaming up with Oasis Network to provide custody for the network’s ROSE toke at mainnet launch. According to Finoa, ROSE is designed to give users financial sovereignty and control of their data and is expected to… Read More

October 6, 2020 @ 2:43 pm By Samantha Hurst  |  

  U.S.-based B2B fintech Tipalti announced on Tuesday it secured $150 million through its Series E funding round, which was led by Durable Capital Partners with participation from Greenoaks Capital and participation from current investor 01 Advisors. The investment round reportedly brought the company’s valuation to… Read More

October 6, 2020 @ 12:20 pm By Samantha Hurst  |  

Draper Goren Holm, a blockchain and Fintech venture firm, announced on Tuesday the launch and principal close of Fund 1, which is the venture’s first traditional venture fund of $25 million where Seed and Series A investments will take precedent in promising fintech and blockchain… Read More

October 6, 2020 @ 10:38 am By Samantha Hurst  |  

  Payment processing platform Klarna announced on Tuesday it has formed a five-year partnership with the American department store, Macy’s. Through the collaboration, Macy’s will offer customers the ability to pay in four equal, interest-free installments at online checkout as part of enhanced shopping experience. “Within… Read More

October 5, 2020 @ 1:31 pm By Samantha Hurst  |  

Refinitiv, a provider of financial markets data and infrastructure that has served more than 40,000 institutions in over 190 countries, announced on Monday it has officially acquired global integrity and compliance risk firm, The Red Flag Group. Refinitive reported that the acquisition is to help… Read More

October 5, 2020 @ 11:09 am By Samantha Hurst  |  

Venmo announced on Monday the launch of its first-ever credit card. The new card, which is issued by Synchrony (NYSE: SYF) and powered by the Visa network, gives customers automatic cash back on every eligible purchase, a personalized rewards experience, and the ability to manage the… Read More

October 5, 2020 @ 9:32 am By Samantha Hurst  |  

Diginex Limited, a digital assets financial services company, announced on Monday it has reconstructed its Board of Directors, following its listing and trading commencement on Nasdaq. According to Diginex, the new Board of Directors meets the required standards of corporate governance for a Nasdaq-listed company… Read More

October 5, 2020 @ 8:16 am By Samantha Hurst  |  

U.S.-based fintech Broadridge Financial Solutions announced on Monday it has formed a partnership with Germany-based payments consultancy and supplier PPI AG to launch a joint payments initiative for banks and financial institutions in Europe. Broadridge claimed that the new solution has already secured its first… Read More

October 4, 2020 @ 10:42 pm By Samantha Hurst  |  

Wirex, a UK-based payments platform, has successfully secured more than £2.3 million through its equity crowdfunding campaign, which launched less than two weeks ago on Crowdcube. Wirex’s initiative originally sought to raise £1 million and quickly achieved the goal just hours after debut. As previously… Read More

October 1, 2020 @ 2:21 pm By Samantha Hurst  |  

Standard Chartered Bank announced on Thursday it has formed a partnership with Sociolla through nexus, the bank’s “Banking as a Service” solution. Standard Chartered revealed that in line with its vision to enable convenient access to financial services for tech-savvy consumers across its market, this… Read More