Mexican Fintech Unicorn Clip Announces US$100 Million Investment
- 2 years 2 months ago
- Fundraising News
Clip, Mexico's leading digital payments and commerce enablement platform, today announced that it has secured an investment round of US$100 million from investment funds managed by Morgan Stanley Tactical Value ("MSTV") and from one of the largest, most experienced West-Coast mutual fund managers. The investment values Clip in line with the Series D round completed in 2021.
TerraPay and Thredd Partner to Build the Next Generation of Payment Solutions and Money Movement for Global Travel Providers
- 2 years 2 months ago
- Payments
TerraPay, a global leader in money movement, has chosen Thredd, a next-generation global payments platform, to power virtual card payments for global suppliers. This strategic partnership aims to develop payment solutions within the travel industry, offering seamless, secure, and compliant virtual card services to intermediaries as part of TerraPay’s cross-border money movement network.
Open Banking Could Become a Mainstream Payment Method in 5 Years Time, Surpassing BNPL, emerchantpay Research Finds
- 2 years 2 months ago
- Open Banking
New research released today by emerchantpay, a leading global payment service provider and acquirer, has found that there is strong market potential for merchants who prioritise the adoption of Open Banking payments early in their payment strategies.
Zilch Raises £100M Financing Deal to Fuel Expansion Strategy
- 2 years 2 months ago
- Fundraising News
Zilch, the world’s first ad-subsidised payments network (ASPN), today announces a key £100 million securitised debt financing arranged by Deutsche Bank (DB). The financing will enable Zilch to grow its business and accelerate Zilch's ability to create and launch new products for a broader base of customers.
DZ BANK Plans to Revolutionize Trade Finance Customer Service with Surecomp’s RIVO™
- 2 years 2 months ago
- Trading Systems
Surecomp® today announced that leading trade finance bank DZ BANK AG, has taken the next step in its ambitious plans to use the collaborative trade finance platform RIVO™ to further enhance its digital customer service delivery.
Encompass Corporation Appoints Renowned Technical Leader Andrew Dunn as VP of Engineering to Help Bring Corporate Digital Identity Vision to Life
- 2 years 2 months ago
- People Moves
Encompass Corporation, the leader in Corporate Digital Identity (CDI), has boosted its mission to deliver game-changing outcomes for global banks by appointing seasoned technical leader Andrew Dunn to lead its engineering function.
iDenfy Releases Its New Risk Assessment Tool and Completes Its KYC/KYB/AML Compliance Package
- 2 years 2 months ago
- AML and KYC
iDenfy, a Lithuania-based identity verification and fraud prevention software provider, announced the launch of its new AI-powered customer risk assessment solution. This new easy-to-use platform feature is specifically designed to empower businesses with a comprehensive, automated, and customizable approach to risk management for both Know Your Customer (KYC) and Know Your Business (KYB) compliance.
Ageras Enters Into an Exclusive Agreement with Societe Generale to Acquire Shine and Become One of the Leading European Providers of Banking and Accounting Software for SMEs
- 2 years 2 months ago
- Banking
Ageras, a leading provider of accounting software, banking, and admin tools for more than 300,000 active SME customers in France, Germany, The Netherlands and Denmark, today announced that it has entered into an exclusive agreement with Societe Generale to acquire Shine, a leading French SME fintech.
Corpay Cross-Border Continues Global Expansion with Launch of New Office in New Zealand
- 2 years 2 months ago
- Infrastructure
Corpay, Inc, a global leader in corporate payments, is pleased to announce the latest expansion of its Cross-Border business with the establishment of a new office in Auckland, New Zealand. This expansion reinforces the company’s leading position in the payment industry and strengthens its presence in the Asia-Pacific region.
Brex Launches New Digital Banking Products for Startups
- 2 years 2 months ago
- Digital banking
Brex, the leading all-in-one financial stack supporting 1 out of 3 startups in the U.S., today launched new digital banking products and a number of updates to its flagship business account, giving founders access to capital where and when they need it. This launch makes Brex the only spend management platform to marry corporate cards, expense management, bill pay, travel booking, treasury, and banking into one vertically integrated offering.
Sapiens Launches Its Next-Gen Intelligent Insurance Platform
- 2 years 2 months ago
- Insurtech
Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, today launched its AI-powered, open, integrated, cloud-native platform.
Finaloop Secures $35 Million in Series A Investment Led by Lightspeed Venture Partners
- 2 years 2 months ago
- Fundraising News
Today, Finaloop, the real-time e-commerce accounting platform, announced it has raised a $35 million Series A round. Lightspeed Venture Partners led the round with participation from Vesey Ventures, Commerce Ventures, and existing investors, Accel and Aleph.
dLocal and Eneba Partner to Enable Accessible Gaming to LATAM
- 2 years 2 months ago
- Payments
dLocal, the leading cross-border payment platform specializing in high-growth markets, today announced its partnership with Eneba, the fastest-growing marketplace with over 10M registered users and 80,000 products for gamers.
The Payments Association Echoes Industry Calls for Policymakers and the Fintech Sector to Support Consumers with Community Finance
- 2 years 2 months ago
- Payments
With millions of people in the UK struggling to access affordable financial services, The Payments Association is calling attention to underutilised solutions including community finance options like credit unions. The association’s newly released paper: "Redefining Community Finance: Unlocking Pathways to Financial Inclusion" highlights the potential of these institutions but also the significant barriers hindering their growth.
Atom Bank Records Best Year Since Launch
- 2 years 2 months ago
- Banking
Atom bank, the UK’s first app-based bank, has today announced its strongest ever financial results, driven by a significant increase in lending while keeping costs exceptionally low. Operating profit grew to £27m, a 600% increase on last year, with costs up just 4%, demonstrating the success of its efficient, sustainable and scalable business model. Atom’s low-cost and scalable model
