AstroPay, a global leader in digital financial solutions, is redefining financial connectivity in Brazil with its strategic expansion and acquiring a coveted Payment Institution (PI) license issued by the Central Bank of Brazil. This license is from the Central Bank of Brazil, underscoring AstroPay’s commitment to delivering secure, compliant, and user-friendly cross-border payment solutions.
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Deniz Ventures, the venture capital fund of DenizBank, established under the Emirates NBD Innovation Fund—the Corporate Venture Capital arm of Emirates NBD Group—and Rasmal Ventures, a leading Doha-based venture capital firm, have jointly invested in TeamSec, the world's first AI-powered securitization platform, transforming the structured finance industry through its innovative Securitization-as-a-Service platform.
After founding and serving the EWPN community for the past decade seeing 1000s of people connect and flourish, Co-Founders Martha Dali Mghendi-Fisher and Nadja van der Veer have taken the decision to stand down as registered Directors of the EWPN, the community that they both cherish. They will continue in the capacity of Special Advisors to the Executive Directors. Angela Yore and Merima Mahmutovic will step up and join Co-Founder Silvia Mensdorff-Pouilly as the registered Directors to take this thriving organisation forward.
Lendo, the leading debt crowdfunding platform in Saudi Arabia, has secured a USD 690 million (SAR 2.6 billion) warehouse facility led by J.P. Morgan. Supported by Fintech Saudi, this milestone underscores the growth in Saudi Arabia's fintech sector and the vast opportunity in SME financing in the economy.
The facility is expected to contribute to an increase in job creation in the Kingdom, demonstrating Lendo's commitment to domestic economic growth and employment.
There has been a substantial rise in the number of people using a simpler way to pay their tax bill ahead of the self-assessment deadline on 31st January. Taxpayers are increasingly using Pay by Bank technology to send money to His Majesty's Revenue and Customs (HMRC).
Policy Expert, one of the UK’s leading personal lines insurers spanning home, motor, and pet insurance to over 1.5million customers today announces the appointment of Mark Wilson as its new Chair, as it looks to accelerate growth and build on its position as one of the UK’s fastest-growing insurance brands.
The appointment will take effect from February 2025.
The Consumer Financial Protection Bureau (CFPB) today ordered the international remittance company Wise to pay nearly $2.5 million for a series of illegal actions, including advertising inaccurate fees and failing to properly disclose exchange rates and other costs. Wise allows customers to send, receive, and store remittances through a mobile app and prepaid accounts and debit cards. The CFPB found the company misled customers in the United States about its ATM fees and failed to properly disclose other fees.
Cedar Money, a payments company that enables seamless cross-border money movement on stablecoins, announced today a $9.9 million seed round led by QED Investors, with participation from North Island Ventures, Wischoff Ventures, Lattice, and Stellar. The funding will enable Cedar Money to accelerate its mission of transforming international money flows using cutting-edge payment infrastructure.
The Springs Arkansas, the leading skilled nursing provider across Arkansas, is celebrating three years of partnership with DailyPay – a worktech platform and leading provider of earned wage access. Throughout this partnership, The Springs Arkansas is empowering employees with the ability to access their earned pay on their own timeline.
NMI®, a global leader in embedded payments infrastructure, announces NMI Customer Token Vault, a new extension to the NMI Gateway. Customer Token Vault introduces network tokenization with dynamic tokens issued and managed by major card networks, along with the ability to securely store and protect sensitive card data for processor agnostic provider tokens.