Tagged: fintech

June 23, 2020 @ 11:22 am By Samantha Hurst  |  

Ping An Insurance (Group) Company of China, Ltd. (HKEx:2318; SSE:601318) announced on Tuesday that Hong Kong Securities and Futures Commission (SFC) has granted Lu International (Hong Kong) Limited (LUI HK), a subsidiary of Lufax Holding (“Lufax“), a Type 1 (Dealing in Securities) license. Ping An Insurance… Read More

June 22, 2020 @ 1:38 pm By Samantha Hurst  |  

Ant Financial Services Group, the owner and operator of Alipay, has dropped the “Financial” part of its name and is set to rebrand to Ant Technology Group, according to the Wall Street Journal. Founded in 2014 by billionaire Jack Ma, Ant Group describes itself as… Read More

June 21, 2020 @ 10:15 pm By Samantha Hurst  |  

Muniy, a UK-based neobanking startup, has successfully secured its initial £200,000 equity crowdfunding target through its Crowdcube campaign. The funding round was launched earlier this month. As previously reported, Muniy describes itself as “banking for everyone.” The startup currently offers freemium and paid accounts with… Read More

June 21, 2020 @ 9:37 pm By Samantha Hurst  |  

Fundbox, a B2B payments and credit network developed to enhance B2B commerce at scale, recently announced it has partnered with  LoanPro, a cloud-based loan servicing platform, to accelerate the development of flexible credit management capabilities. While sharing details about the collaboration, Prashant Fuloria, COO of… Read More

June 17, 2020 @ 1:44 pm By Samantha Hurst  |  

Civic Technologies, the premier blockchain-powered identity and payment solution provider, announced on Wednesday its  Civic Wallet, previously only available in private beta, is now generally available. Civic claims that Civic Wallet offers a safer way to store and transact with digital identity and currency. Civic… Read More

June 16, 2020 @ 4:42 pm By Samantha Hurst  |  

Digital-only bank platform N26 recently announced the launch of its new N26 Business Metal, which is a premium business account for entrepreneurs, with 0.5% cashback. According to N26, the business bank account is for freelancers and the self-employed. “While N26 Business and Business You already… Read More

June 12, 2020 @ 7:51 am By Samantha Hurst  |  

Digital money transfer service MoneyGram (NASDAQ: MGI) reported on Thursday 100% year-over-year digital transaction growth in May, which is considered a significant acceleration from the first quarter of 2020 where the company reported 57% growth.  Overall digital growth in May was driven by the following… Read More

June 11, 2020 @ 9:39 pm By Samantha Hurst  |  

Russian banking group Tinkoff announced earlier this week it has added new translation capabilities by phone number in the mobile app. The following options are now available on the Tinkoff platform: Transfers by phone number can now be made from savings accounts, both inside Tinkoff… Read More

June 11, 2020 @ 8:10 am By Samantha Hurst  |  

BBVA announced on Thursday its entire branch network in Spain is now operational after the bank reopened the last of the branches that were closed due to the COVID-19 pandemic. BBVA reported that the branches will follow strict safety measures, and the banking group is… Read More

June 10, 2020 @ 1:52 pm By Samantha Hurst  |  

Airwallex, an Australia-based fintech company, recently announced it has launched a new payment acceptance service in Australia, Hong Kong, and Singapore with WeChat Pay. The company reported that the service is allowing merchants to add WeChat Pay as an additional payment option on the e-commerce… Read More

June 10, 2020 @ 10:39 am By Samantha Hurst  |  

MPOWER Financing, a U.S.-based fintech platform for educational loans to international and DACA students, announced on Tuesday it secured $9 million through its latest investment round. Founded in 2014, MPOWER Financing uses cross-border digital lending platform, big data, and global infrastructure to finance the millions… Read More

June 10, 2020 @ 10:30 am By Samantha Hurst  |  

India-based fintech Tabby announced this week it raise of $7 million through its latest funding round, which was led by Raed Ventures with participation from MSA Capital and existing investor Arbor Ventures. Founded in 2019, Tabby states it provides customers with the flexibility to pay… Read More

June 10, 2020 @ 7:28 am By Samantha Hurst  |  

NYMBUS, a U.S. financial service platform provider, announced on Tuesday it secured $12 million through its latest investment round, which was led by Insight Partners and Vensure Enterprises. NYMBUS claims it provides the world’s most advanced revenue and technology solutions for today’s financial institutions. Its… Read More

June 9, 2020 @ 4:27 pm By Samantha Hurst  |  

  Payment processing platform Klarna announced on Tuesday the launch of its new Buy Now, Pay Later Shopper Loyalty Program, Vibe. According to Klarna, the no-fee program will be rolled out to the U.S. market in June before being extended to the platform’s other key markets… Read More

June 9, 2020 @ 3:48 pm By Samantha Hurst  |  

WorldRemit, a UK based Fintech in the digital money transfer sector, announced on Tuesday it has formed a partnership with Mukuru, one of Africa’s largest remittance providers to broaden options for cash pick up in Zimbabwe. WorldRemit claims that the partnership will be instrumental in… Read More

June 9, 2020 @ 2:18 pm By Samantha Hurst  |  

Affirm, a Fintech founded by vaunted entrepreneur Max Levchin, announced on Monday the launch of its high-yield saving account. As previously reported, Affirm is a point of sale credit provider that is currently working with over 2000 merchants. The company’s goal is to provide shoppers… Read More

June 9, 2020 @ 9:26 am By Samantha Hurst  |  

Qube Money, a U.S.-based fintech startup, announced on Tuesday it has formed a partnership with Galileo Financial Technology. Qube Money reported that through the duo will deliver a banking solution that will allow customers to activate their money on a debit card in real-time before… Read More

June 9, 2020 @ 7:41 am By Samantha Hurst  |  

    XTM, a Canada-based fintech that provides mobile banking and payment card solutions, announced on Tuesday it has formed a partnership with DCBank to provide an instantly activated and loaded prepaid Mastercard through a cash accepting kiosk. XTM reported that Kiosks will be placed… Read More

June 8, 2020 @ 11:47 am By Samantha Hurst  |  

Tink, a Sweden-based fintech that provides APIs to create next-generation banking services, recently announced the launch of its new business account aggregation service. Tink revealed that by fetching real-time business data that was not easily accessible before, aggregation improves company efficiency and productivity, as well… Read More

June 4, 2020 @ 9:09 am By Samantha Hurst  |  

WealthyPlanet, a Canada-based online financial planning company, announced on Wednesday it has formed a new partnership with Smart Money Capital Management Inc. (Smart Money Invest) to provide low-cost exchange-traded funds (ETFs) and online investment advice to WealthyPlanet clients. WealthyPlanet describes ETFs as “smart and convenient… Read More