Having secured $20 million in seed funding, Pomelo has launched its credit card that enables families in the US to extend their credit abroad while avoiding remittance fees.

Keith Rabois at Founders Fund as well as Kevin Hartz, co-founder of Xoom and general partner at A* Capital, led the round for Pomelo, which has also secured $50 million in a warehouse facility.

Azerbaijan-based SmilePay has struck deals with two major food retailers in the country to let shoppers buy their groceries using their faces.

SmilePay has secured an investment from the biggest acquirer bank in Azerbaijan, Pasha, and formed deals with the Bravo and Araz supermarket chains.

Already installed at Bravo, in its first month the technology has been used for 3000 transactions from 418 users.

The discipline of fraud prevention has changed dramatically over the past five years and continues to evolve rapidly. Consequently, former truths about fraud prevention are increasingly becoming outdated myths. Legacy vendors propagate these myths to maintain relevance, but industry leaders understand the distinction and are moving forward. 

Royal Park Partners, the specialist financial advisor to the fintech industry, has announced that it is expanding its leadership team with the hire of ex-Barclays dealmaker Niccolò Gamaleri as senior director.

Kingswood Holdings Limited, the international, fully integrated wealth and investment management group, is pleased to announce the appointment of Jade Rose and Max Sullivan as financial advisers, based at the firm’s London and Kent offices respectively.

PayMate India Limited (“PayMate”), a leading B2B payments and services provider that digitizes, automates and streamlines business-to-business (B2B) payments in supply chains; stated in its recently filed Draft Red Herring Prospectus for its proposed IPO that the company has launched the PayMate mobile application (“PayMate App”) on the Android and iOS operating systems.

Vyzer, an Israeli-based fintech consumer-focused startup, joined hands with Salt Edge, a leader in offering open banking solutions, to enable high net worth investors to instantly connect and sync their European bank accounts, offering a comprehensive analysis of investment performance and fully digital cashflow tracking in a single dashboard.

The Netherlands-based Payment Orchestration Platform Akurateco announced its recent integration with AFS Benefit, Mercury, and UPC in order to boost clients’ business coverage and scale their market share.

Currencycloud, the experts simplifying business in a multi-currency world, has teamed up with Future FinTech Labs (FTFT Labs) to launch the remittance app Tempo to offer US-based immigrants a streamlined, secure and cost-effective way to send money.   Tempo currently serves money transfers to North America (Canada, Mexico), Europe (Italy, Spain, France, Germany, the United Kingdom), India and the Philippines.
 

Prior to DebiCheck, both merchants and consumers were in near uproar that banks, the custodians of their money, weren’t securing debit orders when such rampant abuse of EFTs was being experienced by the industry.

Thanks to DebiCheck consumers now have the ability to pre-authorise debit orders electronically.