Tagged: fintech

September 15, 2020 @ 2:03 pm By Samantha Hurst  |  

Payments platform Square announced on Tuesday the launch of two new features, On-Demand Pay for employees, and Instant Payments for employers. The company claims that the features will enable Square Payroll customers and their employees to more easily and effectively manage their cash flow. “The… Read More

September 14, 2020 @ 12:25 pm By Samantha Hurst  |  

U.S./Mexico fintech Oyster Financial recently announced secured $14 million through its latest seed funding round, which was led by Monashees and SV Latam Capital with participation from FJ Labs, Fintech Collective, Kevin Efrusy, Redpoint Ventures, S7 Ventures, and Ulu Ventures. The funding will go towards the company’s expansion into Mexico. Founded in… Read More

September 14, 2020 @ 11:40 am By Samantha Hurst  |  

Flaist, a U.S.-based fintech startup, announced on Monday the launch of its new AI tool, Eva, which helps credit unions, community, and regional banks better serve their existing customers and compete for new customers with larger financial institutions. Flaist stated it is on a mission… Read More

September 11, 2020 @ 8:21 am By Samantha Hurst  |  

Hong Kong-based crypto-to-fiat gateway XanPool announced on Friday it secured $4.3 million through its Pre-Series A funding round, which was led by blockchain technology and service provider OK Group with participation from Hashkey and Gumi Cryptos. Founded in 2019, XanPool explained that its software allows… Read More

September 9, 2020 @ 9:56 am By Samantha Hurst  |  

BlueVine, an online lender and Fintech bank, announced on Wednesday it has secured a $75 million revolving credit facility from funds managed by Atalaya Capital Management, a private credit and special opportunities investment manager based in New York. The company further revealed that it provided… Read More

September 9, 2020 @ 7:50 am By Samantha Hurst  |  

Salaryo, a U.S.-based fintech platform for freelancers and startups, announced on Wednesday it raised $5.8 million through its latest investment round, which was led by Variant Investments, Dubai-based private equity fund KEN Investments, Techstars Ventures, and Michael Ullmann’s investment group, bringing its total funding to $12 million. This… Read More

September 8, 2020 @ 11:32 am By Samantha Hurst  |  

Ohpen, an Amsterdam-based fintech, announced on Tuesday it has acquired cross-border loan and mortgage Software-as-a-Service (SaaS) provider, Davinci. Ohpen reported that the acquisition will allow it to address the $300 billion global bank IT spending market as it targets international expansion. “This acquisition is a testament… Read More

September 3, 2020 @ 8:09 am By Samantha Hurst  |  

UK fintech Zilch announced on Thursday it secured $10 million through its latest funding round. Founded in 2018, Zilch offers a Buy Now Pay Later service that allows users to pay for a purchase in the course of six weeks without any fees or interest…. Read More

September 2, 2020 @ 2:42 pm By Samantha Hurst  |  

U.S.-based money experience company MX announced on Wednesday it has launched MX Open, an open finance platform that was created to help financial institutions and fintechs create a personalized digital experience that gives customer access and control over financial data. MX Open includes the following… Read More

September 2, 2020 @ 1:26 pm By Samantha Hurst  |  

Ant Group announced on Wednesday new dates for the INCLUSION Fintech Conference, which will be September 24th to 26th. The event originally was set to take place in April 2020, but due to the COVID-19 pandemic, it was put on hold. According to Ant Group,… Read More

September 2, 2020 @ 9:08 am By Samantha Hurst  |  

Entersekt, a mobile-first fintech solutions firm, announced on Wednesday it has teamed up with NuData Security to roll out behavioral analytics for real-time risk scoring. The company reported that the collaboration allows it to integrate the analytics solution, NuDetect, with the Entersekt Secure platform. According… Read More

September 2, 2020 @ 7:58 am By Samantha Hurst  |  

  Neon Pagamentos, a Brazilian fintech, announced on Wednesday it secured $300 million through its Series C funding round, which was led by General Atlantic, a global growth equity firm, with participation from BlackRock, as well as Vulcan Capital, PayPal Ventures, and Endeavor Catalyst, in addition to former… Read More

August 31, 2020 @ 2:06 pm By Samantha Hurst  |  

Canadian fintech Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) announced on Monday it is planning to launch a mobile peer-to-peer (P2P) payment solution, which will enable users to quickly and easily make and share payments with friends and family through Mogo’s mobile app. According to Mogo, the payment… Read More

August 28, 2020 @ 8:59 am By Samantha Hurst  |  

Bill.com, a business payments and software platform provider, announced on Thursday it has joined forces with KeyBank (NYSE: KEY) to launch Key CashFlow, an online banking solution that streamlines payments for small businesses (SMBs) and commercial customers. According to Bill.com, Key CashFlow is a scalable,… Read More

August 27, 2020 @ 9:14 am By Samantha Hurst  |  

Neon, a Switzerland-based challenger banking startup, announced on Wednesday it scored €4.6 million through its latest investment round, which was supported by the existing investors, including Backbone Ventures, TX Group, the Schwyzer Kantonalbank innovation foundation and the “Höhle der Löwen” investors Roland Brack and Bettina… Read More

August 27, 2020 @ 8:17 am By Samantha Hurst  |  

GRID, an Iceland-based  Software-as-a-Service (SaaS) platform, announced on Wednesday it raised $12 million through its Series A funding round, which was led by New Enterprise Associates (NEA), with participation from existing investors BlueYard Capital, Slack Fund, Acequia Capital and other strategic partners. Founded in 2018,… Read More

August 27, 2020 @ 8:07 am By Samantha Hurst  |  

i2invest, a Switzerland based fintech, reportedly announced it secured €1.2 million through its new seed funding round as well as launched its first investment products. Founded in 2017, i2invest describes itself as a “lending tech” for investors that uses a data-driven and artificial intelligent (AI)… Read More

August 26, 2020 @ 2:20 pm By Samantha Hurst  |  

Remitly, a U.S.-based online money transfer service for immigrants, announced on Wednesday the expansion of its mobile wallet network, which now reaches over 300 million mobile wallet holders across the globe. According to Remitly, this more than doubling its reach from 160 million earlier this… Read More

August 26, 2020 @ 1:50 pm By Samantha Hurst  |  

Just six months after announcing it secured $35 million through its Series B funding round, payments infrastructure platform Finix announced it has extended the funding round and raised a total of $75 million. Sequoia Capital led the round, with participation from Acrew Capital, Bain Capital… Read More

August 26, 2020 @ 1:15 pm By Samantha Hurst  |  

Esusu, a U.S.-based fintech that is helping individuals save money and build credit, announced on Wednesday it secured $2.3 million in seed extension bringing total capital raised to $4 million. Participating investors in the investment round included Acumen Fund, Concrete Rose Capital, Global Good Fund, Impact America Fund, Next… Read More