Tagged: fintech

August 19, 2020 @ 4:34 pm By Samantha Hurst  |  

Samsung Electronics Co., Ltd announced Monday the new Samsung Pay Card, powered by UK fintech Curve, and in conjunction with global payments technology company Mastercard, has officially made its debut. Samsung reported that Samsung Pay Card gives users complete control over their spending, without the fuss of… Read More

August 19, 2020 @ 10:26 am By Samantha Hurst  |  

  Kira, a Singapore-based decentralized fintech, announced on Wednesday it secured $2.2 million through its latest investment round, which was led by BTC12 Capital. Founded in 2019, Kira describes itself as a next-generation hyperscale decentralized exchange engineered for cross-chain transfer and frictionless trading experience. “We… Read More

August 18, 2020 @ 11:56 am By Samantha Hurst  |  

European fintech Viva Wallet announced on Tuesday it is bringing Apple Pay to its customers. The fintech reported that Apple Pay is a safe, secure, and private way to help customers avoid handing their cards to others as well as touching physical buttons or exchanging… Read More

August 17, 2020 @ 3:28 pm By Samantha Hurst  |  

Robinhood, a modern trading platform that offers both traditional securities as well as crypto, announced on Monday it raised $200 million through its Series G funding round, bringing the company’s valuation to $11.2 billion. The investment was led by D1 Capital Partners. Founded in 2013,… Read More

August 17, 2020 @ 12:33 pm By Samantha Hurst  |  

  Payments platform Stripe recently announced it has appointed Dhivya Suryadevara as its new Chief Financial Officer. Prior to joining Stripe, Suryadevara served as Chief Financial Officer at the automobile brand, General Motors, where she oversaw financial operations amounting to over $100 billion in annual… Read More

August 17, 2020 @ 11:41 am By Samantha Hurst  |  

Plastiq, a U.S.-based intelligent payments solution for small business, announced on Friday it has launched on Visa’s Small Business Hub. According to Plastiq, the Visa Small Business Hub helps the small business community to create and strengthen customer relationships through claimed safe, digitally-enabled practices. “The… Read More

August 13, 2020 @ 10:45 pm By Samantha Hurst  |  

  PayActiv, a U.S.-based provider of employment-based holistic financial wellness services, announced on Thursday it secured $100 million through its Series C funding round, which was led by Eldridge and includes existing PayActiv shareholders Generation Partners and the Ziegler Link•Age Fund II. As previously reported,… Read More

August 13, 2020 @ 9:46 pm By Samantha Hurst  |  

Cred.ai, a U.S.-based startup, has launched its new banking platform specifically for millennials, along with its solid metal credit card. The company reported that it has been operating in “stealth” for more than three years to build its platform, which is notably designed to “empower”… Read More

August 12, 2020 @ 2:57 pm By Samantha Hurst  |  

Routable, a U.S.-based fintech startup, announced on Wednesday it raised $12 million through its Series A funding round, which involved participation from Founders Co-op, Y Combinator, Box Group, and Liquid 2 Ventures. Founded in 2017, Routable claims to be the simplest way to send and receive business-to-business… Read More

August 12, 2020 @ 12:59 pm By Samantha Hurst  |  

PGIM Investments, the retail distribution arm of PGIM, Inc., announced on Wednesday it has formed a new partnership with iCapital Network, a fintech providing access to alternative investments. Through the collaboration, iCapital will provide a customized technology solution to augment PGIM Investments’ distribution and servicing… Read More

August 12, 2020 @ 11:26 am By Samantha Hurst  |  

Mastercard announced on Wednesday the expansion of its Accelerate fintech portfolio by adding entrepreneurs to its startup engagement program Start Path and more technology partners to its Engage network. The additions are to provide access to expert engineers and specialists that may help customers deploy new services… Read More

August 10, 2020 @ 2:17 pm By Samantha Hurst  |  

Falls Fintech, the fintech accelerator founded by Central Payments, announced on Monday the commencement of its fall cohort, operating virtually from August 10 to October 30, 2020. According to the program’s officials, Cohort 2 includes a pair of new initiatives from the accelerator. For the… Read More

August 10, 2020 @ 12:17 pm By Samantha Hurst  |  

Invest Hong Kong (InvestHK) announced on Monday its new Global Fast Track Program, which is a business-driven program within Hong Kong Fintech Week (HKFW). According to InvestHK, the Fast Track program plugs fintech enterprises directly into Hong Kong’s diverse ecosystem of world-class regulators, business leaders,… Read More

August 10, 2020 @ 11:10 am By Samantha Hurst  |  

Billtrust, a fintech firm focused on B2B payment cycle management, announced on Monday the launch of its Business Payments Network (BPN) 3.0, which offers support for ACH and wire. According to Billtrust, the new version gives network participants the “flexibility” to automatically transact through the… Read More

August 9, 2020 @ 10:45 pm By Samantha Hurst  |  

Rellevate, a U.S.-based digital fintech that is aimed at facilitating access to consumer financial services for middle and lower-income Americans, recently announced the launch of its consumer financial services platform. Founded in 2019, Rellevate describes itself as a financial services company dedicated to empowering consumers… Read More

August 6, 2020 @ 9:08 am By Samantha Hurst  |  

Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, is seeking to raise between £100 million and £120 million through its Series C round, Sifted reports.  Founded in 2015, Curve is on a mission to simplify… Read More

August 5, 2020 @ 4:08 pm By Samantha Hurst  |  

Indonesia-based fintech Ayoconnect announced on Wednesday it raised $5 million through its pre-Series B financing round, which included participation from BRI Ventures, Tokyo Exchange-listed internet company Kakaku.com, Inc., and Brama one Ventures. Existing investors that also participated in the round were Finch Capital and Amand… Read More

August 5, 2020 @ 2:39 pm By Samantha Hurst  |  

Global payroll provider CloudPay announced on Tuesday it has raised $35 million in growth capital. The company reported that its new investor Runway Growth Capital joined existing investors Rho Ventures and Pinnacle Investment Partners to support scaling the business as it prepares to bring new… Read More

August 4, 2020 @ 1:09 pm By Samantha Hurst  |  

Mastercard recently announced it has partnered with Bank of Shanghai to enable better cross-border business payments in China. Mastercard reported that with its cross-border services, businesses will be able to transfer funds to local banks in China. The service will also reduce transaction costs and… Read More

August 4, 2020 @ 11:47 am By Samantha Hurst  |  

European fintech Viva Wallet announced on Tuesday it has officially acquired the banking license of Praxia Bank after the completion of the share purchase agreement between AMC Oak (Shareholder) and Viva Wallet Holdings (purchaser). Viva Wallet reported that the banking license will allow it to… Read More