Finablr, a global platform for payments and foreign exchange solutions, announced on Monday it has increased its stake in Swych, a digital gifting platform, with a follow-on Series B investment to become a majority shareholder. Finablr reported that through its stake it will leverage its network’s leadership and… Read More
Circle, a Blockchain based Fintech startup backed by Goldman Sachs, announced recently it was launching its mobile payments solution to the US, UK, and Europe, which will allow people to transfer money across countries without any fees instantly. Free and Instant Cross-Border Payments Blockchain is the… Read More
China’s Concerns with Outflowing Money China has a money outflow problem on its hands. More than US $1.2 Trillion has left China since its yuan was devalued in August 2015, according to Bloomberg. Money has been leaving China in several ways: increase in repaying foreign… Read More
Partech Ventures announced on Wednesday it has co-led a new €10MM financing round in Kantox, a foreign exchange services provider for SMEs and mid-cap companies. Philippe Collombel, Managing Partner at Partech Ventures and Kantox board member, stated: “With our 2nd significant investment in 18 months, Partech Ventures… Read More
Kantox, the peer-to-peer (P2P) foreign exchange (FX) platform for businesses, has reached $1 billion in FX transactions. Over 20% of this volume was achieved in the last two months, with $100 million worth of FX transactions made in December alone. “It’s a real testament to our… Read More
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