Tagged: fintech

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

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

Nexo Standards, a Brussels-based nonprofit organization for global payments, announced on Tuesday it has named Saudi Payments its latest Principal Member and the first in the association’s history from the Kingdom of Saudi Arabia.  According to Nexo Standards, Saudi Payments is a wholly-owned subsidiary of… Read More

March 10, 2020 @ 10:01 pm By Samantha Hurst  |  

MPower, a Zurich-based fintech startup, has successfully secured its initial £300,000 equity crowdfunding target on Crowdcube. The company launched the initiative last month, which has so far attracted nearly 190 Crowdcube investors. Launched in 2018, MPower describes itself as an impact and fintech start-up addressing… Read More

March 10, 2020 @ 9:38 pm By Samantha Hurst  |  

Less than two weeks after launching its equity crowdfunding campaign on Seedrs, UK fintech GeoDB’s funding round has already surpassed £1.2 million from 435 Seedrs investors. As previously reported, GeoDB was co-founded in 2018 by Chairman Francisco Gordillo and CEO Sacha Gordillo. The platform describes… Read More

March 10, 2020 @ 3:52 pm By Samantha Hurst  |  

Marqeta, a fintech unicorn that claims to be the first global modern card issuing platform, announced on Tuesday it has begun transacting in Australia. The company reported it will also be supporting two of its major global customers, Klarna and Doordash with their own expansions… Read More

March 10, 2020 @ 2:15 pm By Samantha Hurst  |  

NorthOne, a Canada-based mobile banking platform for small businesses, freelancers, and startups,  recently announced its as secured $21 million through its Series A funding round, which was led by Shiran Shalev from Battery Ventures, with participation from Redpoint Ventures, and Tom Williams. Founded in 2016,… Read More

March 10, 2020 @ 9:46 am By Samantha Hurst  |  

FinTech South, a Southeast event dedicated to financial innovation, announces 10 startups selected for the Technology Association of Georgia (TAG) FinTech South Innovation Challenge’s 2020 class. According to FinTech South, the companies selected will participate in a four-week Education and Mentoring Program, which aims to… Read More

March 6, 2020 @ 9:28 pm By Samantha Hurst  |  

Emma, a UK-based fintech startup, announced on Thursday it secured $2.5 million through its latest round of funding, which was led by Connect Ventures. As previously reported, Emma has created a banking app specifically for millennials (iOS and Android), which is described as a mobile-only… Read More

March 6, 2020 @ 8:19 am By Samantha Hurst  |  

Empower, a U.S.-based mobile banking app, announced on Thursday it secured $20 million through its Series A funding round. Participants of the round included new investors Icon Ventures, Defy Ventures, and David Velez, Founder and CEO of Nubank, one of the most valuable financial technology startups… Read More

March 5, 2020 @ 10:44 pm By Samantha Hurst  |  

Jassby, Inc., a U.S.-based family finance mobile app startup, announced on Thursday it raised $5 Million through its latest investment round, which was led by Moneta Capital and Needham Bank with participation from its existing investors such as Blumberg Capital, Correlation VC, and PnP Ventures. The funding… Read More

March 4, 2020 @ 11:55 am By Samantha Hurst  |  

U.S. fintech Brex announced on Wednesday the opening of its new office in Vancouver. The company reported that the location is its first-ever international office and will staff around 40 employees. The initial focus of the location will be software engineering and customer experience functions…. Read More

March 4, 2020 @ 7:58 am By Samantha Hurst  |  

Klarna announced on Wednesday that Ant Financial Services Group, the owner and operator of Alipay, has made an investment and taken a minority stake in the payment processing platform. Klarna reported that the investment from Ant Financial will support the further development of their strategic… Read More

March 2, 2020 @ 9:39 pm By Samantha Hurst  |  

GeoDB, a UK-based fintech startup that aims to provide a big data marketplace that includes an encrypted, safe, transparent, verified, accurate and decentralized datapool, has successfully secured its initial £1 funding target through its equity crowdfunding campaign on Seedrs. The funding round comes less than… Read More

March 2, 2020 @ 1:34 pm By Samantha Hurst  |  

Public, a U.S.-based investing mobile app startup, announced on Monday it secured $15 million through its Series B funding round which was co-led by Accel and Greycroft with participation from Dreamers VC, founded by Will Smith and soccer star Keisuke Honda, NFL player J.J. Watt, Girlboss founder and CEO Sophia Amoruso, Scott… Read More

March 2, 2020 @ 10:49 am By Samantha Hurst  |  

U.S.-based fintech Broadridge Financial Solutions announced on Monday it has completed the acquisition of FundsLibrary, a company focused on fund document and data dissemination in the European market. Broadridge notably acquired FundLibrary from its parent company Hargreaves Lansdown. As previously reported, Broadridge shared that by combining… Read More