Tagged: fintech

June 30, 2020 @ 11:21 am By Samantha Hurst  |  

Online banking and payments company i2c announced on Tuesday it is now assisting clients of Wirecard or any other insolvent bank. As previously reported, Wirecard filed for bankruptcy last week following the announcement the German fintech had misplaced €1.9 billion. The aftershocks of the announcement… Read More

June 30, 2020 @ 10:19 am By Samantha Hurst  |  

Global payments platform PayPal (NASDAQ:PYPL) recently announced it has rolled out QR code payments in Canada for small businesses to accept touch-free mobile payments from their customers using the PayPal app. PayPal reported that the new functionality allows customers to buy or sell in-person, safely, and securely… Read More

June 25, 2020 @ 1:05 pm By Samantha Hurst  |  

U.S. fintech Galileo Financial Technologies announced on Thursday the full launch of Galileo Instant, which is described as a frictionless solution for gig-economy, marketplace, e-commerce, fintech, and other businesses that want the speed and convenience of creating debit cards through a single point of contact…. Read More

June 24, 2020 @ 4:24 pm By Samantha Hurst  |  

Qupital, a Hong Kong-based trade finance platform, announced on Wednesday it has entered into an agreement with leading global e-commerce platform eBay as one of its officially recommended Hong Kong financing service providers. According to Qupital, the collaboration will enable the Asian fintech to provide “quality,… Read More

June 24, 2020 @ 3:02 pm By Samantha Hurst  |  

Jetty, a U.S.-based fintech on a mission to make renting a home more affordable and effortless for everyone, announced on Wednesday it has named Farmers Insurance the exclusive reinsurance to provide for all new Jetty policies. Launched in 2017, Jetty describes itself as a new financial… Read More

June 24, 2020 @ 12:33 pm By Samantha Hurst  |  

Draper Goren Holm, a blockchain and Fintech venture firm, announced on Tuesday it signed the Equity.District’s #RacialEquityEcosystem pledge, which is led by Techstars Co-Founder Brad Feld, and Draper Goren Holm Venture Partner and Opportunity Hub (OHUB) Chairman and CEO Rodney Sampson. Along with signing the… Read More

June 24, 2020 @ 9:25 am By Samantha Hurst  |  

Visa Inc. (NYSE: V) announced on Wednesday it has formed a new partnership with TerraPay, a global payments infrastructure company, for the development and delivery of payment solutions in an effort to drive financial inclusion and cashless transactions for domestic payments and global remittances. The… Read More

June 23, 2020 @ 2:25 pm By Samantha Hurst  |  

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Tuesday it has formed a partnership with Korean fintech, Global Money Express (GME). According to MoneyGram, the partnership enables GME customers to connect to the MoneyGram platform and distribution network in more than 200 countries and… Read More

June 23, 2020 @ 1:33 pm By Samantha Hurst  |  

Strands, a Spain-based fintech that specializes in advanced digital banking solutions, announced on Tuesday it has been granted an AISP license as it prepares to expand its PSD2 services offering. According to Strands, an AISP is a payment institution which, under the revised Payment Services… Read More

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