Tagged: fintech

September 4, 2019 @ 7:57 am By Samantha Hurst  |  

Accion Venture Lab, a seed-stage investment initiative of global nonprofit Accion, announced on Wednesday the launch of its new fund that is for inclusive fintech startups.  The organization reported that it is adding $33 million to its initial capital pool, with the launch of the… Read More

September 3, 2019 @ 12:52 pm By Samantha Hurst  |  

Banking service platform Monese announced on Tuesday it has formed a new partnership with pan-European partnership with the cross-border deposits marketplace Raisin to launch a new service called Monese Savings. Monese reported that through the partnership, personal account customers in the UK, Germany, Austria, France,… Read More

September 3, 2019 @ 9:06 am By Samantha Hurst  |  

Global innovation platform Plug and Play announced on Tuesday 11 startups have joined Abu Dhabi Global Market (ADGM) Fall 2019 Accelerator program, which is the third fintech and Travel & Hospitality accelerator program. Plug and Play reported that Plug and Play ADGM kicked off its… Read More

August 30, 2019 @ 10:56 pm By Samantha Hurst  |  

Digital bank Revolut announced earlier this week the launch of its new 3D secure (3DS) payments feature. According to Revolut, the feature was created to help fight against fraud and to keep Revolut users safe. “3DS is a step you take when buying something online… Read More

August 30, 2019 @ 2:39 pm By Samantha Hurst  |  

Nacha, a nonprofit organization that convenes hundreds of diverse organizations to enhance and enable ACH payments and financial data exchange within the U.S. and across geographies, announced on Thursday it has named Plaid as one of its preferred partners for account validation. According to Nacha,… Read More

August 30, 2019 @ 10:07 am By Samantha Hurst  |  

Arival, a digital bank that seeks to be crypto-friendly, is set to close its equity crowdfunding campaign on Crowdcube with nearly £1.2 million in funding. The banking group reported that the progress bar includes £1,065,060 raised through a co-offering (i.e. on SeedInvest). The Crowdcube round… Read More

August 29, 2019 @ 8:39 pm By Samantha Hurst  |  

IBM (NYSE: IBM) announced earlier this week it is expanding its cloud capabilities to Latin America by late 2020. According to IBM, the new IBM Cloud multizone region (MZR), which will be in Brazil, is set to become IBM’s first in Latin America and will help clients… Read More

August 29, 2019 @ 8:36 am By Samantha Hurst  |  

Temenos AG (SIX: TEMN), the Switzerland based banking software provider, announced on Wednesday it has acquired U.S.-based digital banking SaaS company, Kony. Temenos reported that the acquisition significantly enhances Temenos’ scale and capabilities in the U.S., adds significant digital expertise, and accelerates digital front office… Read More

August 28, 2019 @ 12:50 pm By Samantha Hurst  |  

Chargebee, a recurring billing platform for subscription-based SaaS and e-commerce businesses, announced on Wednesday it raised $14 million through its Series D funding round, which was led by Steadview Capital. The new investment brings the total funds raised to date to $38.2 million, including last… Read More

August 28, 2019 @ 10:25 am By Samantha Hurst  |  

Salaryo, a U.S.-based fintech platform for freelancers and startups, announced on Wednesday it raised $5.5 million in new funding from Ruby Ventures and Michael Ullmann’s investment group, bringing the total funding to $6.3 million.  Founded in 2017, the company provides security deposit financing for new coworking office members and… Read More

August 27, 2019 @ 11:41 am By Samantha Hurst  |  

AvidXchange, a U.S. fintech that provides accounts payable and automated payment solutions to midsize businesses, announced on Tuesday it is set to acquire accounting solutions provider, BankTEL. AvidXchange reported that as one of its companies BankTEL will be able to offer its clients access to… Read More

August 27, 2019 @ 11:09 am By Samantha Hurst  |  

Bond Financial Technologies Inc., a U.S.-based fintech platform, announced on Tuesday it raised $10 million through its seed funding round, which was led by Canaan with participation from  Coatue and angel investors including Sarah Friar, Steve Frieberg, Ryan Peterson, and Eric Yuan.  Bond described itself… Read More

August 23, 2019 @ 10:35 pm By Samantha Hurst  |  

iCASH, a Canada-based fintech platform, announced on Thursday after three years of lending operations, it has surpassed $100 million in consumer loans. Launched in 2016, iCASH stated it is focused on helping Canadian consumers “address their cash flow needs” by paying more attention to their… Read More

August 23, 2019 @ 2:47 pm By Samantha Hurst  |  

Numbrs, a Switzerland-based fintech, announced this week it has secured $40 million through latest investment round. With the latest round of funding, the company is now valued at more than $1 billion and has been dubbed a Swiss Fintech Unicorn. Numbrs describes itself as a… Read More

August 23, 2019 @ 9:50 am By Samantha Hurst  |  

Blooma, a U.S.-based loan origination AI platform, announced earlier this week it secured $2.75 million through its seed funding round, which was led by Floodgate with participation from Abstract Ventures, Crescent Ridge Partners and Serra Ventures. Blooma reported that it launched its first production module… Read More

August 20, 2019 @ 2:10 pm By Samantha Hurst  |  

Global fintech BANKEX announced on Tuesday the launch of the alpha version of MainWallet Commission System. This news comes just after the MainWallet test launch group passes the 10,000 user mark. According to Bankex, the objective of the MainWallet Commission System is to stand out… Read More

August 20, 2019 @ 11:19 am By Samantha Hurst  |  

Music sensation Jennifer Lopez and her finance/former professional baseball player Alex Rodiguez have invested in micro-investing mobile app, Acorns, according to the Wall Street Journal. The duo will notably join Ashton Kutcher, Bono, and Kevin Durand as fellow investors of the fintech startup. As previously… Read More

August 19, 2019 @ 7:24 am By JD Alois  |  

ATTENDED BY 45,000 PARTICIPANTS FROM 130 COUNTRIES IN 2018 Participants comprised key executives and decision-makers from global financial institutions and corporates, innovators and technologists from FinTech start-ups to unicorns, investors, and academia. Featuring FinTech Conference & Exhibition, FinTech Awards, Global FinTech Hackcelerator Demo Day, Global Investor… Read More

August 16, 2019 @ 10:15 pm By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced it automatically offering all new customers a fast track to PSD2 onboarding through its digital Financial Commerce Platform. “From 14 September 2019, new rules will apply in the European Union that stipulate that every online… Read More

August 16, 2019 @ 7:43 am By Samantha Hurst  |  

Kenya-based Fintech platform Lendable announced on Thursday it has welcome Hani Ibrahim as its new Chief Investment Officer and Des Denning as its new Chief Operating Officer, as well as the company’s new Chief Financial Officer. According to Lendable, Hani will oversee Lendable’s investment strategy and… Read More