Tagged: fintech

September 26, 2019 @ 9:10 pm By Samantha Hurst  |  

Fintech Unicorn and stealth bank Transferwise announced on Thursday it has brought TransferWire for Banks to the U.S. TransferWire reported that financial institutions of all sizes may now integrate with TransferWise and offer customers what TransferWire believe is cheaper, faster, transparent payments to more than… Read More

September 25, 2019 @ 3:00 pm By Samantha Hurst  |  

The Capital Markets, Insurance, and Savings Authority of Israel and Israel Security Authority announced on Wednesday they have jointly signed an MOU for collaboration on fintech issues with the Croatian Financial Services Supervisory Agency (HANFA). According to the duo, the purpose of the agreement is… Read More

September 25, 2019 @ 1:00 pm By Samantha Hurst  |  

Bill.com, a business payments and software platform provider, announced on Wednesday it now supports international payments to 137 countries and 106 currencies. The platform reported since the beginning of the year the number of transactions it processes increased 216 percent and total payment volume increased… Read More

September 25, 2019 @ 7:58 am By Samantha Hurst  |  

Temenos AG (SIX: TEMN), the Switzerland based banking software provider, announced on Wednesday it has completed the acquisition of U.S.-based digital banking SaaS company, Kony. The acquisition news was originally announced last month, with Temenos agreeing to purchase Kony for an enterprise value of $559 million… Read More

September 24, 2019 @ 11:43 am By Samantha Hurst  |  

Global payables platform Tipalti announced on Tuesday it secured an additional $76 million through its Series D funding round, which was led by Zeev Ventures with participation from 01 Advisors (a fund founded by Twitter’s former CEO and COO) and Greenspring Associates. Tipalti reported it… Read More

September 24, 2019 @ 10:58 am By Samantha Hurst  |  

AvidXchange, a U.S. fintech that provides accounts payable and automated payment solutions to midsize businesses, announced on Tuesday launch of new functionalities for its AvidXchange for NetSuite (AFN) SuiteApp. AFN, built using the Oracle NetSuite SuiteCloud Computing Platform, automates the entire invoice to payment process,… Read More

September 23, 2019 @ 1:46 pm By Samantha Hurst  |  

Tata Communications, a global digital infrastructure provider, and CreditPilot, a fintech specializing in digital and mobile financial services, transactional and payment infrastructure, announced last week they have formed a partnership to offer mobile and digital financial services solutions to mobile operators. The duo reported that… Read More

September 20, 2019 @ 3:12 pm By Samantha Hurst  |  

Global fintech BANKEX announced on Friday it has formed a new partnership with 1World to standardize messenger content sales of publishers represented on 1World platform through Bankex’ MainWallet. Bankex reported that its MainWallet facilitates transactions in messengers where a publisher can sell articles, subscriptions, and… Read More

September 20, 2019 @ 9:35 am By Samantha Hurst  |  

Digital asset manager Scalable Capital announced on Friday it has formed a new partnership with European cross-border savings platform Raisin. According to Scalable Capital, customers with a portfolio account at Baader Bank can invest in fixed-term deposits with select European banks as part of a… Read More

September 19, 2019 @ 2:30 pm By Samantha Hurst  |  

Barclay announced on Thursday it has teamed up with global fintech investor Anthemis to co-launch a New York City-based studio targeting female entrepreneurs to establish sustainable, valuable fintech businesses. According to Barclays, the Female Innovators Lab by Barclays and Anthemis is a hands-on program targeting… Read More

September 18, 2019 @ 1:31 pm By Samantha Hurst  |  

PayActiv, a U.S.-based provider of employment-based holistic financial wellness services, announced on Wednesday it has become a Public Benefit Corporation, which is described as a corporation that performs a specific function for the benefit of the public. According to Safwan Shah, CEO of PayActiv, the… Read More

September 16, 2019 @ 4:29 pm By Samantha Hurst  |  

Greenlight Financial Technology, Inc., a U.S.-based fintech company that created a smart debit card for kids, teens, and college students, announced on Monday it secured $54 million through its Series B funding round, which was led by Drive Capital with participation from JPMorgan Chase and… Read More

September 16, 2019 @ 8:38 am By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Monday it has signed an MoU with UnionPay to form a global strategic partnership. According to Wirecard, the new partnership will support UnionPay’s ongoing international expansion and Wirecard’s growth in China and with Chinese… Read More

September 12, 2019 @ 7:53 am By Samantha Hurst  |  

Global innovation platform Plug and Play announced on Thursday its Fintech Europe accelerator program has selected eight startups for its fourth batch. Plug and Play reported together with Deutsche Bank, TechQuartier, BNP Paribas, Nets Group, UniCredit, Aareal Bank, Abanca, Danske Bank, DZ Bank, Elo, and… Read More

September 11, 2019 @ 2:10 pm By Samantha Hurst  |  

U.S.-based fintech Dwolla announced on Tuesday it has formed a new partnership with Currencycloud to allow clients to facilitate international payments. According to Dwolla, the collaboration provides businesses with a solution to send and receive international payments in a digital economy. While sharing more details… Read More

September 11, 2019 @ 6:50 am By Samantha Hurst  |  

Chinese consumer financing platform LexinFintech announced on Wednesday it has entered into a convertible note purchase agreement with PAG issue and sell convertible notes in an aggregate principal amount of $300 million through a private placement.  LexinFintech reported that the convertible notes will mature in seven… Read More

September 9, 2019 @ 2:33 pm By Samantha Hurst  |  

Xinja Bank, an Australia-based neobank, announced on Monday it has received its full banking license from the Australian Prudential Regulation Authority (APRA) and has launched its bank accounts.  Founded in 2017, Xinja Bank describes itself as an independent 100% digital neobank for Australians that is… Read More

September 6, 2019 @ 2:43 pm By Samantha Hurst  |  

goeasy Ltd. (TSX: GSY), a provider of financial services for non-prime Canadians, announced earlier this week it has formed a new partnership and invested in PayBright, a Canadian fintech platform focused on instant point-of-sale consumer financing and installment payment plans. goeasy reported that through the… Read More

September 4, 2019 @ 4:01 pm By Samantha Hurst  |  

Railsbank, a UK-based banking group, announced on Wednesday it raised $10 million through its Series A funding round, which was led by Moneta Capital with participation from CreditEase, Clocktower Technology Ventures, Singapore Life, and Firestartr. Founded in 2015, Railsbank describes itself as an open banking… Read More

September 4, 2019 @ 9:10 am By Samantha Hurst  |  

Enterprise blockchain software firm R3 announced last week it has formed a new partnership with fintech Wethaq to build the “next generation” of financial market infrastructure to enable issuers, investors, central banks, and regulations to transact in Islamic capital markets. According to the duo, Wethaq’s… Read More