Tagged: fintech

February 18, 2020 @ 1:53 pm By Samantha Hurst  |  

Fintech infrastructure development company Alchemy Technologies announced on Tuesday it appointed former Liberty Lending CEO Walt Ramsey to its Advisory Board. According to Alchemy, Ramsey held various senior leadership as well as executive position at JPMorgan Chase, Lloyds Bank, Experian, GE Consumer Finance, Associates (Acquired by Citigroup) as… Read More

February 17, 2020 @ 1:28 pm By Samantha Hurst  |  

Wombat Invest, a UK-based investment app, has launched a new equity crowdfunding campaign on Seedrs to raise £250,000 at a pre-money valuation of £2.5million. The company is currently offering 9.07% in equity through the funding round. Founded in 2017, the fintech startup allows investors to… Read More

February 14, 2020 @ 11:08 pm By Samantha Hurst  |  

Small business lending platform and fintech Numerated announced this week an expansion of its platform to support banks’ full suite of business banking products. The platform will now be offering pre-filled digital applications across business banking products, and a range of digital lending and account… Read More

February 14, 2020 @ 10:58 pm By Samantha Hurst  |  

Toast, a U.S.-based restaurant management fintech platform, announced on Friday it secured $400 million through its Series F funding round, which was led by Bessemer Venture Partners, TPG, Greenoaks Capital, and Tiger Global Management with participation from Durable Capital Partners LP, TCV, funds and accounts… Read More

February 14, 2020 @ 8:03 am By Samantha Hurst  |  

Flywire, a U.S.-based fintech firm that provides global payment and receivables solutions for education, healthcare, and commercial enterprises, announced on Thursday it has acquired healthcare technology platform Simplee. The acquisition comes just after the company raised $120 million through its Series E funding round, which… Read More

February 13, 2020 @ 10:24 pm By Samantha Hurst  |  

Reggora, a U.S. fintech that specializes in residential appraisal software, announced on Thursday it secured $10 million through its Series A funding round, which was led by Spark Capital. Founded in 2016, Reggora describes itself as a modern appraisal technology company that provides mortgage lenders… Read More

February 13, 2020 @ 11:12 am By Samantha Hurst  |  

Following the announcement that N26 was departing the UK after the country left the European Union, digital challenger bank Monzo shared with UK N26 customers the reasons to switch to its banking service. As previously reported, N26 reported that with the UK now having left… Read More

February 12, 2020 @ 3:50 pm By Samantha Hurst  |  

Ireland-based fintech company Fenergo announced on Wednesday it secured $80 through its latest investment round, which was led by ABN AMRO Ventures and DXC Technology. Founded in 2009, Fenergo describes itself as a digital enabler of client and regulatory technology for financial services. The company… Read More

February 12, 2020 @ 10:52 am By Samantha Hurst  |  

Stake, an Australian-based commission-free trading app for stocks and ETFs, has officially launched its services in the UK. This news comes just weeks after Stake announced its UK beta operations. As previously reported, Stake claims it democratizes global share markets to bring the “world’s largest… Read More

February 12, 2020 @ 10:01 am By Samantha Hurst  |  

EasyEuro, a France-based fintech startup, announced this week it secured $4 million through its latest investment round, which was led by Shanghai-based Ally Capital, with participation from seed investors SwiftPass, Geoswift, Huashan Capital and Unity Assets. The funds will be used to launch EasyEuro’s neobank… Read More

February 12, 2020 @ 8:10 am By Samantha Hurst  |  

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Wednesday the launch of its new service,  MoneyGram FastSend, which allows consumers to send money to a mobile phone number through the MoneyGram website and mobile app.  According to MoneyGram, MoneyGram FastSend is supported by the… Read More

February 11, 2020 @ 10:42 am By Samantha Hurst  |  

Payments platform Square recently announced it has acquired Dessa,  which is described as a Toronto-based company building machine learning applications that address significant “real-world challenges” for all types of businesses.  According to Square, the acquisition of Dessa will help the platform further boost its machine… Read More

February 11, 2020 @ 8:42 am By Samantha Hurst  |  

Pelican, a global provider of AI-powered payments and financial crime compliance solutions for banks and corporates, announced on Tuesday it has expanded its global sales reach by partnering with CMSoft Co., Ltd in South Korea. According to Pelican, the new strategic partnership will enable the company… Read More

February 10, 2020 @ 10:14 am By Samantha Hurst  |  

Barclays announced on Monday it has extended its partnership with multinational financial services corporation, Visa. Barclays reported that the European agreement with Visa, which recognizes the “unique position” Barclays has in the market, is designed to drive innovation and product development as well as facilitate… Read More

February 9, 2020 @ 11:07 pm By Samantha Hurst  |  

Bitmain Technologies, a China-based consumer-grade ASIC miner, recently address fraudulent usage of websites Bitmain.farm and Antminersmiling.com. The company reported it discovered some websites that have been impersonating Bitmain and have been communicating with its existing customers under false pretense. “In order to protect the legitimate… Read More

February 9, 2020 @ 10:20 pm By Samantha Hurst  |  

SafetyPay, a U.S.-based digital payments platform, announced last week it has teamed up with financial AI crime platform Feedzai to offer extra protection against fraud risk to its customers. Founded in 2007, SafetyPay notably provides a secure e-payment method that enables cash sales through a… Read More

February 7, 2020 @ 3:16 pm By Samantha Hurst  |  

Simple, a subsidiary of BBVA USA, announced on Friday its automatic savings program, Round-up Rules, has more than $1.2 million in customer savings accounts. According to Simple, Round-Up allows customers to have their debit card transactions rounded up to the nearest whole dollar amount, with… Read More

February 6, 2020 @ 10:58 pm By Samantha Hurst  |  

Lightspeed, a Canada-based e-commerce platform, announced on Thursday it has launched new integrated payment capabilities in North America. The expansion is through Lightspeed’s partnership with Stripe. Founded in 2005, Lightspeed provides customers with a way to build, manage, and grow retail, restaurant, or commerce business… Read More

February 6, 2020 @ 10:41 pm By Samantha Hurst  |  

Airwallex, an Australia-based fintech company, announced on Thursday it has teamed up with Visa to launch the Airwallex Borderless Card for business. According to Airwallex, the new card will enable Airwallex account holders to pay suppliers in seconds and “empower” their teams to make corporate… Read More

February 6, 2020 @ 6:25 pm By Samantha Hurst  |  

Galileo Financial Technologies, a U.S.-based fintech, announced on Thursday it has expanded into Mexico by opening a new office in Mexico City. The expansion news comes just a few months after Galileo secured $77 million through its Series A funding round, which was led by… Read More