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Upper90 Closes $180 Million Fund for Asset-Based Startup Lending

Upper90, a leading provider of hybrid growth capital, has raised $180 million in a capped initial closing for its third fund. Commitments came from a strategic investor base of 300 entrepreneurs to help founders scale with less dilution. The firm has pioneered a new investment model combining tailored credit and equity for alignment with technology businesses that have predictable revenue or collateral.

Thursday, August 11, 2022 - 11:20
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Financial IT
Cryptocurrencies, 1.5 Million Revolut Customers Completed Financial Education Courses in a Month

Over one million people have completed Revolut's crypto education course in the first month since its launch, demonstrating a public appetite for the speculative asset class during times of rampant inflation.

Thursday, August 11, 2022 - 11:14
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Financial IT
Plaid Deal Lets Wise Customers Use Fintech Apps Bank-free

Wise has struck an open finance agreement with Plaid that will enable the former's 13 million customers to connect their accounts to thousands of apps.

Based on Plaid's open finance tool Core Exchange, the arrangement means that people can connect their Wise USD local account to thousands of other apps - including Venmo, Truebill and Chime - to easily move money back and forth.

Thursday, August 11, 2022 - 11:09
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Financial IT
Payments Tech Firm Finix Raises $30M

Payments infrastructure platform Finix has raised $30 million in a funding round joined by American Express.

The General Partnership, Franklin Templeton, Acrew Capital, Bain Capital Ventures, Cap Table Coalition, Homebrew, Insight Partners, Inspired Capital, Lightspeed Venture Partners, Precursor Ventures, PSP Growth, and Vamos Ventures participated in the round.

Thursday, August 11, 2022 - 11:03
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Financial IT
BitPay Adds Cardlytics-powered Rewards Program to its Crypto Prepaid Card

BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, today added a reward program to its BitPay Prepaid Card. Cardlytics, a cash-back rewards platform, is managing the rewards where the BitPay cardholder automatically receives up to 15 per cent cash back on purchases every time they use their card at participating retailers.

Thursday, August 11, 2022 - 10:57
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Financial IT
Fintech App Dinero Encourages Young Indians to Build Wealth; Launches its Beta App on Google Play Store

Dinero, India's first rewards-on-investment platform, aimed at young Indians, announced the launch of its beta version of its app today. The app is exclusively available on Google Play Store.

Thursday, August 11, 2022 - 10:49
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Financial IT
Transact Payments Malta Appoints Sergio Gandolfo as CEO

Transact Payments Malta Limited (TPML) today announces the appointment of Sergio Gandolfo as its new CEO. 

Thursday, August 11, 2022 - 10:35
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Financial IT
Flutterwave Increases Staff Size by 200, Announces New Chief People and Culture Officer

Flutterwave, Africa’s leading payments technology company, has completed the recruitment process for its inaugural Graduate Trainee Program, hiring 200 trainees, and growing its employee base by 38%.  The paid program aims to nurture young Nigerians by upskilling them with technical and soft skills, exposing them to the company’s solutions and products, and giving them experience working at a global organization. The Program is the New Chief of People and Culture’s first project upon rejoining Flutterwave.

Thursday, August 11, 2022 - 10:28
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Financial IT
AstroPay Appoints Sofía Lanza as Chief Banking Officer

AstroPay, the payment solution of choice for millions of users globally, has appointed Sofía Lanza as Chief Banking Officer, as the company moves forward with its expansion plans into new markets and verticals.

Thursday, August 11, 2022 - 10:17
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Financial IT
JARVIS Invest, the AI-based Investment Advisory Firm, Onboards Strategic Investor to Expand Globally & Launch New B2B Products

JARVIS Invest, India’s first AI-based investment advisory firm, today announced the closure of its funding round, having raised USD 600,000 from a leading family office in UAE. The funding comes at a crucial time for the company’s growth and is a strategic move to expand globally and launch new products in key markets starting with UAE.

Thursday, August 11, 2022 - 10:14
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Financial IT

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