Tagged: fintech

March 24, 2020 @ 12:14 pm By Samantha Hurst  |  

Tide, an SME challenger bank, recently announced that its CEO, Oliver Prill, has called upon the UK government to do “whatever it takes” to help small businesses in the country during the Coronavirus pandemic. Prill reported that due to the outbreak, he and his team… Read More

March 24, 2020 @ 11:39 am By Samantha Hurst  |  

U.S. fintech Brex announced on Tuesday it has acquired three startups to help enhance Brex Security, e-commerce product, and infrastructure. The acquisitions come just weeks after Brex announced the opening of its new and first-ever international office in Vancouver. As previously reported, Brex is seeking… Read More

March 23, 2020 @ 7:56 am By Samantha Hurst  |  

FinTech Australia announced on Monday it has postponed its 2020 Finnies Awards amid the COVID-19 pandemic. According to the organization, the Finnies is Australia’s only industry-backed fintech awards and the event gives more than 100 fintech startups the opportunity to be recognized for their achievements…. Read More

March 22, 2020 @ 9:52 pm By Samantha Hurst  |  

HUMBL, a US fintech that delivers mobile payments and financial services, announced on Friday it has formed a new partnership with India’s payment service Digital India Payments Limited to help with its expansion into the country’s market. HUMBL describes itself as a mobile, financial services… Read More

March 20, 2020 @ 11:08 am By Samantha Hurst  |  

Challenger bank Tandem recently announced the launch of its new AI system, Ada. According to Tandem, Ada is a self-learning platform that is designed to deliver insights to add value to the baning group customers’ lives. “We have lots of information about our customers, about… Read More

March 20, 2020 @ 8:29 am By Samantha Hurst  |  

Payments platform Stripe announced on Thursday it has officially shut down all its offices and all employees, as well as on-site contractors, are working from home. Prior to this announcement, Stripe announced it closed its San Francisco office, but kept the offices in Amsterdam, Berlin,… Read More

March 19, 2020 @ 4:37 pm By Samantha Hurst  |  

Cross River, a bank that delivers advanced financial and compliance products/services to the fintech industry, announced on Wednesday it is now offering a series of initiatives to protect and mitigate the impact of the coronavirus outbreak to customers, employees, and the community. The banking group… Read More

March 19, 2020 @ 11:30 am By Samantha Hurst  |  

Financial institutions technology and service provider Itiviti announced on Thursday that it and cryptocurrency exchange Gemini Trust Company is now enabling cryptocurrency holders trades with their counterparties through NYFIX, which is Itiviti’s FIX-based order routing network. Founded in 2016, Itiviti enables financial institutions worldwide to… Read More

March 19, 2020 @ 8:49 am By Samantha Hurst  |  

ID Finance, the emerging markets fintech firm, announced on Thursday it has achieved revenue of €81 million in 2019. The company reported that this represents 96% growth for its business in Spain, Brazil, and Mexico. Founded in 2012, ID Finance claims to be a leading… Read More

March 18, 2020 @ 12:18 pm By Samantha Hurst  |  

CEO of Tide, Oliver Prill, addressed the UK-based SME challenger bank’s customers on Wednesday about what they should expect from the Tide team during the outbreak of the coronavirus. As of March 18th, the UK has a total of 2,626 confirmed cases, which includes 2,501… Read More

March 18, 2020 @ 11:05 am By Samantha Hurst  |  

Digital brokerage solution provider DriveWealth announced on Wednesday it has formed a partnership with UAE-based wealth management company and online investment platform, Wealthface. DriveWealth reported that the partnership is its first initiative in the Middle East and North Africa (MENA) region. As previously reported, DriveWealth… Read More

March 18, 2020 @ 9:08 am By Samantha Hurst  |  

iwoca, an online lender serving SMEs, announced on Wednesday the launch of a new platform, OpenLending, which may unify fintechs and banks to extend iwoca’s lending capabilities to over two million UK businesses. iwoca reported that the launch of OpenLending forms part of its £10… Read More

March 17, 2020 @ 11:27 am By Samantha Hurst  |  

Digital bank Penta announced on Tuesday it secured €18 million through its latest round of funding, which was led by RTP Global with participation from ABN AMRO Ventures, VR-Ventures, finleap, and HV Holtzbrinck Ventures. The latest funding round comes six months after Penta raised €8… Read More

March 17, 2020 @ 11:05 am By Samantha Hurst  |  

U.S. healthcare fintech SmartHealth PayCard announced on Tuesday it is waiving its first year annual fee for new card applicants for the next three months in order to support Americans during the coronavirus crisis. SmartHealth PayCard reported that existing cardholders and new members are now… Read More

March 17, 2020 @ 8:42 am By Samantha Hurst  |  

Independent financial advisory organization, deVere Group, announced on Tuesday it is now offering free financial advice on a remote basis during the coronavirus outbreak. CEO and Founder of the deVere Group, Nigel Green stated that he and his team are launching Contactless Advice for four reasons:… Read More

March 16, 2020 @ 9:15 am By Samantha Hurst  |  

Arcus, a U.S.-based fintech platform, announced on Monday it has formed a partnership with global retail chain 7-Eleven to introduce a suite of payment solutions to its mobile app to focus on “cash-centric” consumers. Through the partnership, 7-Eleven is using Arcus’ technology to power an… Read More

March 13, 2020 @ 11:04 pm By Samantha Hurst  |  

Banco Santander, S.A. (BME:SAN) announced on Friday it has acquired the majority stake in Mercury TFS, a Spain-based company that specializes in software solutions that automate the end-to-end management of trade finance transactions for corporate customers, for €30 million. According to Banco Santander, the transaction… Read More

March 13, 2020 @ 2:36 pm By Samantha Hurst  |  

Wombat Invest, a UK-based investment app, announced earlier this week it now has more than 12,500 users on its platform. This news comes just after the company secured its initial £250,000 funding target on equity crowdfunding platform Seedrs.  As previously reported, Wombat Invest offers investors… Read More

March 11, 2020 @ 1:20 pm By Samantha Hurst  |  

Purely Capital, which is headed by prolific film financier and producer Wayne Marc Godfrey, announced Wednesday the launch of its “entertainment fintech” receivables platform, which is backed by a $150 million institutional funding line from Finch Capital, an early-stage fintech venture capital firm that invests… Read More

March 11, 2020 @ 10:51 am By Samantha Hurst  |  

Airwallex, an Australia-based fintech company, announced on Tuesday it has formed a new partnership with small business platform Zero to help Airwallex’s small-to-medium business (SMB) customers seamlessly reconcile their domestic and international payments. As previously reported, Airwallex was founded in 2015 and is described as… Read More