Tagged: fintech

December 17, 2019 @ 12:28 pm By Samantha Hurst  |  

Marqeta, a fintech unicorn that claims to be the first global modern card issuing platform, announced on Tuesday it is set to issue its 140 millionth card in 2019, ending a calendar year filled with major growth milestones as its open API payments issuing and… Read More

December 17, 2019 @ 11:11 am By Samantha Hurst  |  

WorldRemit, a UK based Fintech in the digital money transfer sector, announced on Tuesday it has appointed Sophie Krishnan as its new Chief Operating Officer. According to WorldRemit, Krishnan has held senior management roles at consumer-facing disruptors like Expedia and Trainline, where she led product,… Read More

December 17, 2019 @ 9:18 am By Samantha Hurst  |  

Nummo, a personal financial management platform based in Switzerland, announced on Tuesday it is set to offer access to savings accounts through Deposit Solutions’ platform. “With the help of Deposit Solutions, Nummo will be going beyond the standard features of budgeting, retirement planning and debt… Read More

December 16, 2019 @ 12:45 pm By Samantha Hurst  |  

Marqeta, a fintech unicorn that claims to be the first global modern card issuing platform, recently announced it formed a new partnership with Mambu, a cloud banking services provider. Marqeta reported that through the partnership Mambu’s customers will be given access to Marqeta’s card processing… Read More

December 15, 2019 @ 10:41 pm By Samantha Hurst  |  

Western Union (NYSE: WU) announced last week it is launching its cross-border payment services in Japan. The company notably partnered with remittance company City Express to launch the service to enable global used-car customers to buy from BE FORWARD, which is one of Japan’s used-car… Read More

December 13, 2019 @ 10:22 pm By Samantha Hurst  |  

FintechOS, an early stage company that seeks to accelerate the digital transformation of financial institutions, recently announced it has secured €12.7 million through its Series A funding round, which was jointly led by Earlybird’s Digital East Fund and OTB Ventures, with participation from existing investors Gapminder Ventures and Launchub. The… Read More

December 13, 2019 @ 3:48 pm By Samantha Hurst  |  

Payment processing platform Klarna announced on Thursday its plan to open a tech hub in Berlin at the beginning of next year. Klarna reported that the new hub will enable it to further build out its product portfolio and services as well as better serve… Read More

December 13, 2019 @ 10:18 am By Samantha Hurst  |  

Growth-oriented private equity firm Great Hill announced on Friday it is set to acquire VersaPay (TSXV: VPY),  a provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment. According to the duo, Great Hill will indirectly acquire all of the issued and outstanding common… Read More

December 12, 2019 @ 7:52 pm By Samantha Hurst  |  

Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, announced on Thursday it has expanded its wearables offering by partnering with Garmin, Fitbit and Sony’s Wena pay. According to Curve, the partnerships enable wearable users to… Read More

December 12, 2019 @ 11:36 am By Samantha Hurst  |  

albo, a Mexico-based challenger bank that offers consumers digital accounts with prepaid Mastercards for receiving, transferring, and spending, announced on Thursday it raised an additional $19 million through its extended Series A funding round, bringing the total amount series through the investment round to $26… Read More

December 12, 2019 @ 8:42 am By Samantha Hurst  |  

Chinese fintech WeLab announced on Thursday it secured $156 million through its Series C funding round. According to WeLab, the investment attracted new investors, as well as five existing investors including Alibaba Hong Kong Entrepreneurs Fund and China Construction Bank. Founded in 2013, WeLab claims… Read More

December 11, 2019 @ 3:03 pm By Samantha Hurst  |  

U.S. fintech Brex announced on Wednesday it secured $200 million through its latest debt capital raise to continue the rapid expansion of its e-commerce product. The capital reportedly comes in the form of a warehouse line of credit from Credit Suisse, backed by Brex’s corporate… Read More

December 11, 2019 @ 11:24 am By Samantha Hurst  |  

Nuvei, a global payment technology provider based in Canada, announced on Wednesday it secured $270 million in common equity financing, valuing the company at $2 billion. Nuvei reported that the investment comes primarily from its existing shareholders, which includes Canadian private equity firm Novacap, supported… Read More

December 11, 2019 @ 8:09 am By Samantha Hurst  |  

Visa announced on Wednesday it is teaming up with pan-African fintech MFS Africa to help bring digital payments to more consumers and businesses throughout Africa. The duo reported that MFS Africa, which connects through one API more than 180 million mobile wallets on the continent,… Read More

December 10, 2019 @ 9:16 am By Samantha Hurst  |  

Global fintech InvestCloud announced on Tuesday it has launched a new app, Personatech, to create a personal digital experience for wealth management clients. According to InvestCloud, the new app will enable any wealth manager to have the ability to create personas for each client. “PersonaTech… Read More

December 9, 2019 @ 4:09 pm By Samantha Hurst  |  

U.S.-based fintech Broadridge Financial Solutions announced on Monday it has closed its offering of $750 million aggregate principal amount of 2.900% senior notes due 2029. According to Broadridge, J.P. Morgan Securities LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC, Barclays Capital… Read More

December 9, 2019 @ 2:05 pm By Samantha Hurst  |  

AccessFintech, a UK-based fintech firm, announced on Monday it has formed a partnership with Citi, Credit Suisse, Goldman Sachs and JP Morgan. According to AccessFintech, Citi, Credit Suisse, Goldman Sachs, and J.P. Morgan have jointly launched a collaboration workflow utilizing the network to focus on… Read More

December 9, 2019 @ 10:18 am By Samantha Hurst  |  

UK-based digital banking platform Starling Bank announced on Monday it has added its first legal services partner, Sparqa Legal, to its business marketplace. According to Starling, the partnership will bring affordable legal services to the marketplace’s 88,000 small business customers. “Starling Business Account holders can… Read More

December 9, 2019 @ 8:25 am By Samantha Hurst  |  

FlexPay, a Canada-based fintech that uses AI and machine learning to help merchants recover lost revenues from declined transactions, announced on Monday it secured $6 million through its latest investment round, which was led by Impression Ventures with participation from BMO Capital Partners and Anges… Read More

December 8, 2019 @ 10:24 pm By Samantha Hurst  |  

Payments platform giant PayPal (NASDAQ: PYPL) recently announced it surpasses $100 million during GivingTuesday 2019. According to PayPal, GivingTuesday is a global giving movement empowering people and organizations to transform their communities and create the world they want to live in. “In a world that… Read More