Tagged: fintech

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

Royal Bank of Canada (RBC) announced on Wednesday it has acquired WayPay, a cloud-based payments fintech that offers business clients a best-in-class solution for accounts payable automation and payment optimization. RBC reported: “Many businesses are already planning the transition from paper cheques as manual reconciliation is… Read More

July 10, 2019 @ 8:02 am By Samantha Hurst  |  

U.S.-based independent mobile remittance company Remitly announced on Wednesday it secured $220 million in new financing to continue its international expansion. Remitly reported that the funding includes $135 million Series E equity and $85 million syndicated debt financing. The equity component is led by Generation… Read More

July 9, 2019 @ 12:09 pm By Samantha Hurst  |  

NiYO, an India-based digital banking startup, announced on Tuesday it secured $35 million through its Series B funding round, which was led by Horizons Ventures and Tencent with participation from existing investor, JS Capital. Founded in 2015, NiYO aims to create a technology-enabled and value-added… Read More

July 9, 2019 @ 8:18 am By Samantha Hurst  |  

Mastercard announced on Tuesday the completion of the acquisition of Transfast, a global payments company with significant cross-border network reach. Mastercard reported that it originally declared the intent to buy Transfast earlier this year and that the acquisition builds on its strength in payments and… Read More

July 8, 2019 @ 2:54 pm By Samantha Hurst  |  

Sensibill, a Canada-based fintech startup, announced on Monday it secured $31.5 million through its Series B funding round, which was led by AI-focused venture fund Radical Ventures. Founded in 2013, Sensibill notably works with global financial institutions to solve their customers’ point of management receipt… Read More

July 8, 2019 @ 11:31 am By Samantha Hurst  |  

Mbanq, a U.S.-based digital core and Banking as a Service (BaaS) provider, announced on Monday it has acquired online and mobile banking platform AgilityFour from fintech investor Park Capital. According to Mbanq, AgilityFour provides technology that integrates next-generation web and mobile banking solutions into a… Read More

July 8, 2019 @ 8:39 am By Samantha Hurst  |  

Soldo, a London-based fintech startup, has reportedly secured €54 million through its Series B funding round, which was led by Battery Ventures and Dawn Capital As previously reported, the multi-user spending account was created as a way to control of where funds are going. The… Read More

July 4, 2019 @ 9:59 am By Samantha Hurst  |  

BBVA announced on Tuesday, in partnership with Uber, that it is launching what it claims to be the first banking product in Mexico that operates in a third-party app. BBVA reported that through the Uber application, Uber’s driver and delivery partners may quickly and easily… Read More

July 3, 2019 @ 1:28 pm By Samantha Hurst  |  

Joko, a fintech startup based in France, announced this week it secured 1.6 million through its first investment round. The companies who participated in the funding round are Partech, Axeleo Capital, Lafayette Plug and Play, and several angel investors. Founded in 2018, Joko states it… Read More

July 3, 2019 @ 12:26 pm By Samantha Hurst  |  

Airfox, a U.S.-based fintech startup, announced on Wednesday it has teamed up with Mastercard Brazil and Zurich Insurance for expansion of its banking services. The company noted that the trio will expand the availability of affordable and cost-free banking solutions with 1% cashback to customers. … Read More

July 3, 2019 @ 8:54 am By Samantha Hurst  |  

Canadian cryptocurrency platform Coinsquare announced on Tuesday it has obtained controlling investment for fintech software provider, Just Cash. According to Coinsquare, Just Cash’s software enables any ATM to sell cryptocurrency to customers and allows customers to purchase cryptocurrency through the traditional ATM process without disrupting the… Read More

July 1, 2019 @ 7:00 am By Samantha Hurst  |  

UK-based fintech Flux announced on Monday it has integrated with Just Eat. According to Flux, Just Eat is the first online-only marketplace the UK to offer Flux receipts.  Flux reported that stating on July 1st, Just Eat’s UK customers will be able to access itemized… Read More

June 30, 2019 @ 10:25 pm By Samantha Hurst  |  

The Board of the Bank for International Settlements (BIS) announced on Sunday they have approved the establishment of a BIS Innovation Hub to foster international collaboration on fintech within the central banking community complementing the already well-established cooperation within the existing committees. The Board reported… Read More

June 28, 2019 @ 4:50 pm By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Friday it expanded of its payout product in the Philippines. Wirecard reported its cards may be used in a wide range of industries. Cardholders can use the contactless cards to carry out seamless transactions… Read More

June 27, 2019 @ 10:35 pm By Samantha Hurst  |  

BBVA announced on Thursday the launch of its new accelerator program that is designed to “foster” success among the fintech startup ecosystem. The program, called BBVA Open Innovation Accelerator Program, aims to give startups a helping hand for success. “Over the course of nine-months, those… Read More

June 25, 2019 @ 7:20 am By Samantha Hurst  |  

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Tuesday it has formed a new partnership Bank of Ganzhou to establish a new fintech research and development center.  PINTEC reported that through the partnership, it and Bank of Ganzhou will jointly establish a fintech research… Read More

June 24, 2019 @ 10:22 am By Samantha Hurst  |  

Cross River, a bank that delivers advanced financial and compliance products/services to the fintech industry, announced on Monday it has acquired Seed, an online small business banking technology platform. Through the acquisition, a new platform will build on Cross River’s growing suite of innovative Banking-as-a-Service (BaaS)… Read More

June 23, 2019 @ 10:21 pm By Samantha Hurst  |  

Less than a week after launching its equity crowdfunding campaign on Crowdcube, UK fintech Nutmeg has successfully secured more than £4 million from nearly 2,000 investors. The funding round originally sought to raise £1 million, with Nutmeg offering 1.59% equity at a £251 million pre-money… Read More

June 21, 2019 @ 9:48 pm By Samantha Hurst  |  

Canadian fintech Mogo Finance Technology announced on Friday it has completed the business combination and formation with Difference Capital. Mogo reported that under the arrangement, it was combined with a wholly-owned subsidiary of Difference and each Mogo common share outstanding immediately prior to the Arrangement, other… Read More

June 20, 2019 @ 9:52 pm By Samantha Hurst  |  

UK-based fintech firm Nutmeg has launched an equity crowdfunding campaign on Crowdcube. The funding round quickly secured its £1 million funding target and has now nearing £2.6 million from over 1000 investors. Nutmeg claims to be the UK’s first online “discretionary investment management company.” The… Read More