Tagged: fintech

July 19, 2019 @ 1:56 pm By Samantha Hurst  |  

Mambu, a Berlin-based SaaS banking platform provider, recently announced it has formed it has signed its first Brazilian client, Acesso, a financial services company specializing in issuing and managing prepaid cards with a reputation for setting benchmarks in the country. Founded in 2010,  Acesso currently… Read More

July 19, 2019 @ 1:28 pm By Samantha Hurst  |  

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Friday it has formed a new partnership with Korean remittance startup, Sentbe. MoneyGram reported the collaboration between it and Sentbe aligns with MoneyGram’s goal of providing consumers with an expanded range of digital money transfer options…. Read More

July 18, 2019 @ 10:48 pm By Samantha Hurst  |  

Waves Platform, a global fintech startup, announced on Thursday the sale of the Vostok project. The company reported that its enterprise projects will now be developed under a new company department called Waves Enterprise. The Vostok sale comes just a few months after Waves secured… Read More

July 18, 2019 @ 3:09 pm By Samantha Hurst  |  

Fintech unicorn SoFi announced on Thursday it has appointed Aaron Webster as its new Chief Risk Officer. Webster will notably be overseeing all of SoFi’s risk, fraud, and credit management frameworks, and will lead its credit risk and underwriting activities. Webster notably joins SoFi from… Read More

July 18, 2019 @ 2:06 pm By Samantha Hurst  |  

N26, a European digital-only bank, announced on Thursday a $170 million extension of its Series D funding round to $470 million. N26 reported that the extension drives the bank’s valuation to $3.5 billion, claim it to be the highest valued German startup. To date, N26 has raised more… Read More

July 18, 2019 @ 8:42 am By Samantha Hurst  |  

U.S. fintech and online provider of business valuation big data BizEquity announced on Thursday its new application, Enterprise RIO Guarantee, for financial service firms and their advisors. It was revealed: “BizEquity is committed to democratizing business valuation knowledge for the business owner, and to that end,… Read More

July 18, 2019 @ 7:59 am By Samantha Hurst  |  

China Lending Corporation (NASDAQ: CLDC), a non-bank financial corporation servicing micro, small and medium-sized enterprises in China, announced earlier this week it has entered into a five-year strategic partnership agreement with Rui Xin Insurance Technology (Ningbo) Co., Ltd, a fintech company providing comprehensive insurance solutions…. Read More

July 16, 2019 @ 4:00 pm By Samantha Hurst  |  

N26, a European digital-only bank, announced on Monday the launch of its new premium banking account, N26 You. According to N26, the account puts users at the core of everything, while building on an existing seamless, borderless banking experience. “N26 You expands on all the… Read More

July 16, 2019 @ 9:48 am By Samantha Hurst  |  

Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, announced on Tuesday it secured $55 million through its Series B funding round, which was led by Gauss Ventures. According to Curve, the investment round also welcomes… Read More

July 15, 2019 @ 10:56 am By Samantha Hurst  |  

Just days after launching its latest equity crowdfunding efforts on Seedrs, UK-based fintech startup, WeSwap, has successfully secured its initial £2.3 million funding target from more than 1,000 investors. The funding round comes nearly three years after WeSwap secured more than £2.4 million through its… Read More

July 15, 2019 @ 8:42 am By Samantha Hurst  |  

Lendbuzz, a U.S.-based fintech company that aims to disrupt the existing car financing market using machine learning algorithms, announced on Monday it secured $150 million in debt and equity financing. The company reported that this latest funding round was led by 83North with significant participation from existing… Read More

July 14, 2019 @ 9:48 pm By Samantha Hurst  |  

State of Utah Department of Commerce announced earlier this month it is launching a regulatory sandbox specifically for fintech startups in the state. According to Francine A. Giani, Executive Director of the Utah Department of Commerce and Utah Representative Marc Roberts (R-Provo), the government service… Read More

July 11, 2019 @ 10:23 pm By Samantha Hurst  |  

Nearly three years after securing more than £2.4 million through its previous equity crowdfunding campaign on Seedrs, UK-based fintech startup, WeSwap, has returned to the funding portal to raise £2.3 million. As previously reported, WeSwap was founded in 2011 and opened to the community in… Read More

July 10, 2019 @ 3:55 pm By Samantha Hurst  |  

Billtrust, a fintech firm focused on B2B payment cycle management, announced on Wednesday it has formed a new partnership with Priority Commercial Payments to provide merchants the technology and support to streamline reconciliation of commercial payments captured through the BPN platform. Billtrust reported that through… Read More

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