Tagged: fintech

January 17, 2020 @ 9:08 pm By Samantha Hurst  |  

Brazilian fintech EBANX announced earlier this week the launch of its new digital account, EBANX GO, and prepaid card in a partnership with Visa that offers 5% cashback in purchases made in a list of 18 specific merchants, which includes Spotify, AliExpress, Gearbest, UseGiraffe, PatPat,… Read More

January 17, 2020 @ 4:43 pm By Samantha Hurst  |  

AvidXchange, a U.S. fintech that provides accounts payable and automated payment solutions to midsize businesses, announced on Friday it has raised $260 million in equity capital as part of the company’s latest financing round. With contributions from TPG Sixth Street Partners and other leading investors, this brings… Read More

January 16, 2020 @ 10:08 am By Samantha Hurst  |  

Northmill, a Fintech based in Sweden, announced on Wednesday it has appointed Mattias Hallgrim as its new CMO. According to Northmill, Hillgrim has more than 20 years of experience from a wide range of leading businesses such as Tradedoubler and Ticketmaster and most recently he… Read More

January 15, 2020 @ 4:05 pm By Samantha Hurst  |  

Cross-border savings and investments marketplace Raisin announced on Wednesday it is acquiring software company Choice Financial Solutions. Raisin reported that the acquisition will make its first real innovation to the U.S. deposits market in generations broadly accessible to banks across the country. “Raisin will license… Read More

January 15, 2020 @ 12:41 pm By Samantha Hurst  |  

UK banking group NatWest announced on Wednesday it has joined forces with Soldo, a pre-paid company card provider for small businesses, to expand its SME lending capabilities. NatWest reported that the partnership will allow two of its ventures, Esme Loans and Rapid Cash, to be… Read More

January 15, 2020 @ 12:17 pm By Samantha Hurst  |  

Bankable, a UK-based banking as a service platform, announced on Wednesday it has formed a new partnership with U.S. fintech Plaid. Bankable reported that the partnership will allow its customers the ability to use Plaid’s technology to connect with their users’ bank accounts worldwide. “By… Read More

January 15, 2020 @ 11:02 am By Samantha Hurst  |  

Ant Financial Services Group (Ant Financial), a China-based tech company and the operator of Alipay, is set to host its upcoming fintech conference in Shanghai. Ant Financial reported that the INCLUSION Fintech Conference is an event that aims to bring together the global financial and… Read More

January 14, 2020 @ 5:13 pm By Samantha Hurst  |  

Business commerce platform Tradeshift has reportedly secured $240 million in equity and debt through its latest funding round. The new investment comes less than two years after Tradeshift raised $250 million through its Series E funding round, which was led by Goldman Sachs and Public Sector… Read More

January 14, 2020 @ 2:10 pm By Samantha Hurst  |  

Fundbox, a B2B payments and credit network developed to enhance B2B commerce at scale, has reportedly appointed Marten Abrahamsen as its first CFO. According to the Wall Street Journal, Abrahamsen previously held positions at Chernin Group LLC, a Los-Angeles-based investment firm,  Grab Holdings Inc. and… Read More

January 14, 2020 @ 7:08 am By Samantha Hurst  |  

Temenos (SIX: TEMN), a banking software company based in Switzerland, announced on Tuesday it has launched banking distribution services through its Temenos Infinity digital front-office banking product.  Temenos claims that Temenos Infinity is the first core-agnostic product to give banks the ability to continuously transform… Read More

January 13, 2020 @ 6:22 pm By Samantha Hurst  |  

Plaid, a U.S.-based fintech startup, announced on Monday it has been acquired by Visa. The companies both revealed that Visa will pay total purchase consideration of $5.3 billion through the acquisition. Founded in 2012, Plaid stated it is focused on enabling “innovation and democratizing” financial… Read More

January 13, 2020 @ 7:51 am By Samantha Hurst  |  

UK-based digital banking group Starling Bank announced on Monday it supercharging its bank accounts for businesses and sole traders with a range of new features, which includes unsecured loans of up to £250,000, an increase in its overdraft limits from £10,000 to £150,000, more competitive… Read More

January 12, 2020 @ 10:42 pm By Samantha Hurst  |  

UK-based digital banking group Monzo celebrated the new year by sharing the successes of the past twelve months. The fintech revealed it started last January with just over a million customers, and now, over 3.6 million people bank with its platform. The company has since… Read More

January 9, 2020 @ 11:01 pm By Samantha Hurst  |  

Standard Chartered, a UK-based multinational banking and financial services company with $688 billion in assets, announced on Thursday its strategic investment into Linklogis, a Chinese supply chain financing platform, to enhance its joint supply chain ecosystem proposition and provide suppliers with access to affordable and… Read More

January 9, 2020 @ 3:04 pm By Samantha Hurst  |  

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Thursday it has formed a new partnership with comprehensive financial service platform West Guarantee. Pintec reported that through the partnership, it and West Guarantee will carry out in-depth collaboration in both technology and financial service areas… Read More

January 9, 2020 @ 7:43 am By Samantha Hurst  |  

AlgoTrader AG, a Swiss platform services provider for fully-integrated and automated quantitative trading and trade execution, for both traditional and digital assets, announced on Wednesday it secured CHF 3.7 million through its Series A funding round, which was led by an undisclosed global Tier 1… Read More

January 8, 2020 @ 10:04 am By Samantha Hurst  |  

Northmill, a Fintech based in Sweden, announced on Tuesday the launch of its savings accounts with deposit insurance, called Rebilla Reserve. This news comes just a few months after the company received its banking license from the Swedish Financial Supervisory Authority (SFSA or Finansinspektionen). While… Read More

January 8, 2020 @ 7:56 am By Samantha Hurst  |  

Digital payments service Square recently announced its instant transfer fees will be 1.5% per transfer. Square reported that as of January 7, 2020, the rate for instant and same-day transfers from a user’s Square balance to their bank account is changing to 1.5% per transfer…. Read More

January 7, 2020 @ 2:47 pm By Samantha Hurst  |  

 Securrency, a global financial services technology infrastructure and products company, announced on Tuesday it secured $17.65 million through its Series A funding round, which was led by WisdomTree with participation from the Abu Dhabi Investment Office (ADIO), Monex Group, Inc., RRE Ventures, Strawberry Creek Ventures,… Read More

January 7, 2020 @ 1:06 pm By Samantha Hurst  |  

KogoPAY, a UK-based fintech startup, completed its equity crowdfunding round on Crowdcube with more than £200,000 in funding secured. The company offered its 281 Crowdcube investors with 2.01% in equity at a £10 million pre-money valuation. Founded in 2018, KogoPAY describes itself as a fintech… Read More