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Fundabl Completes $3.2 Million Equity Raise

Fundabl today announced the completion of a $3.2 million equity raise and establishment of an upsized debt facility, alongside an ambitious plan to tackle the funding gap for Australia's most promising businesses.

With a sweet spot for providing loans between $500,000 and $5 million, Fundabl is meeting the demand for businesses often overlooked by traditional lenders and facing a challenging funding climate, by providing a new capital resource.

Friday, July 26, 2024 - 07:33
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Financial IT
UnionPay International Enhances European Airport Acceptance, Upgrades Payment Services for Summer Travelers

As the summer travel season heats up, more tourists are flocking to Europe, and UnionPay card acceptance at point-of-sale (POS) terminals in Europe now exceeds 80%. UnionPay International is making strides in enhancing the payment experience at key European airports, including those in France, Germany, and Italy. Using UnionPay cards during international travel has become a popular choice for travelers.

Friday, July 26, 2024 - 07:16
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/news/payments/unionpay-international-enhances-european-airport-acceptance-upgrades-payment-services
Financial IT
Overburdened and Burnt Out, Finance Teams Call Out for Automation to Address Lack of Resources Driven by Economic Uncertainty: Medius

55% of finance professionals are reportedly experiencing burnout, with 58% planning to leave the sector and follow a different career path. With mounting economic uncertainty, finance teams are facing budget cuts, fewer resources, and higher burnout than ever before, contributing to these figures. The resulting pressure and stress are adding up, and organizations are scrambling for solutions.

Friday, July 26, 2024 - 07:01
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/news/infrastructure/overburdened-and-burnt-out-finance-teams-call-out-automation-address-lack
Financial IT
Alt.Bank Migrates Card Operations to Pismo

alt.bank, whose novücard is Brazil’s only credit card with automatically increasing limits, migrated its legacy credit card infrastructure to Pismo in just five months.

Friday, July 26, 2024 - 06:58
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/news/e-payments/altbank-migrates-card-operations-pismo
Financial IT
Insurtech UK Launches New Advisory Panel to Strengthen UK Insurtech Sector

Insurtech UK today launches a new Advisory Panel convening senior leaders from across the insurance industry to progress strategic priorities for the future growth of UK insurtech.

Friday, July 26, 2024 - 06:53
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Financial IT
The Promise of Embedded Finance: Customer Journey Transformed Across Industries

Embedded finance revolutionizes the way financial services are integrated into our daily lives. By seamlessly incorporating payment options and products like loans and insurance into non-financial platforms, embedded finance (or EF, for short) can vastly increase customer engagement for businesses. Customers themselves, meanwhile, get access to financial solutions whenever and wherever they need them, greatly enhancing convenience and satisfaction. 

Friday, July 26, 2024 - 06:47
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Financial IT
Alipay+ Expands to Serve 90 Million Global Merchants in 2024 Summer Campaign Following UEFA EURO Craze

Alipay+, the cross-border mobile payment and digitalization solutions operated by Ant International, continued its global summer campaign, which was kicked off by UEFA EURO 2024, in preparation for the travel industry's full rebound by the end of 20241.

Friday, July 26, 2024 - 06:34
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/news/payments/alipay-expands-serve-90-million-global-merchants-2024-summer-campaign-following-uefa
Financial IT
Airwallex Partners With Float to Deliver Fast, Cost-Effective Bill Payments to Canadian Businesses

Airwallex, a leading global payments and financial platform for modern businesses, today announced a partnership with Float, one of Canada’s fastest-growing B2B fintechs, to enable fast and cost-effective bill payments for both domestic and overseas transactions.

Friday, July 26, 2024 - 06:27
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/news/payments/airwallex-partners-float-deliver-fast-cost-effective-bill-payments-canadian-businesses
Financial IT
BofA’s CashPro® App Surpasses $500 Billion in Payment Approvals

Bank of America has seen the adoption and use of its CashPro App for corporate payment approvals accelerate significantly over the last couple of years. Corporate payment approvals completed via the CashPro App surpassed a record $500 billion as of the middle of this year – up nearly 40% compared to the middle of last year – and are on pace to reach a trillion dollars by the end of 2024.

CashPro app video

Friday, July 26, 2024 - 06:19
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/news/payments/bofas-cashpror-app-surpasses-500-billion-payment-approvals
Financial IT
SWIVEL Announces Unique Apple Pay® Integration Capability to Improve Loan Payment Performance for Community Financial Institutions

SWIVEL, a transaction enablement fintech that removes friction in the movement of money for financial institutions and other payment communities, announced today its integration with Apple Pay® that enables its credit union and community bank clients to accept loan payments from members and customers through the mobile wallet.

Friday, July 26, 2024 - 06:10
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Financial IT

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