Singapore Fintech Robocash Group Appoints New CEO
- 3 years 7 months ago
- People Moves
Robocash Group is pleased to announce the appointment of Natalya Ischenko as Chief Executive Officer and Ivan Adamovich as Chief Financial Officer. Sergey Sedov, who founded and led the company to international expansion, remains in the position of Chairman of the Board.
Spice Money Limited: In a First of its Kind, Rural Banking Outlets in India to Get a Distinct Identity Through ‘RedBlue Revolution’
- 3 years 7 months ago
- Banking
On the historic occasion of completing 75 years of Independence this year, India witnesses its first ever ‘RedBlue Revolution’, a brand agnostic initiative that aims to create a distinct identity for rural banking outlets. The outlets are being branded in the colours of red & blue which have traditionally been a choice of the banking and financial services industry as the colour red represents growth & energy whereas blue represents...
Fintech Company Sunbit Announces Next Generation Financing Product
- 3 years 7 months ago
- Personal Finance
Sunbit, the company building financial technology for everyday expenses, announced that it has expanded beyond point-of-sale lending with the introduction of a new, next-generation credit card. The Sunbit Card delivers unprecedented flexibility and a personalized APR for every approved consumer.
Mortgage Lender Better.com Announces Further Layoffs
- 3 years 7 months ago
- People Moves
Three months after its CEO, Vishal Garg, fired over 900 employees on a Zoom call, Better.com announced on Tuesday that it will terminate more than a third of its staff this week. When mortgage rates were low and the online lending business developed, the SoftBank-backed company, which has just over 9,000 employees in the US and India, quadrupled in size. However, real estate market fluctuations and the likelihood of a Federal Reserve rate hike...
Mubadala-backed Tabby Raises $150m in Debt Financing Round
- 3 years 7 months ago
- Fundraising News
Dubai-based buy-now-pay-later Tabby received $150 million in debt financing from two US companies, one of the largest GCC FinTech start-up credit lines. The financing from New York-based Atalaya Capital Management and existing investor Partners for Growth (PFG) “fortifies Tabby's balance sheet and supports its continuous growth in transaction volumes and product expansion,” the business said on Wednesday. Hosam Arab, CEO and co-founder of Tabby:
Despite Turmoil in Public Equity Markets, the Global Software Sector Remains Strong in Q2 with Deals Worth $130 Billion, Kroll Data Reveals
- 3 years 7 months ago
- Risk Management
Kroll, the leading provider of data, technology and insights related to risk, governance and growth, has found that the second quarter of 2022 saw robust M&A deal activity in the global software sector. Despite continued turmoil in the public equity markets, the strength and number of deals were evident in global software with a total of 628 deals at a disclosed value of $130 billion (bn), equaling the record set just two quarters earlier.
auxmoney Secures €250 Million Investment into its Loans
- 3 years 7 months ago
- Lending
auxmoney, a leading digital-lending platform for consumer credit in Europe, has secured a EUR 250 million investment for its marketplace loans from Citigroup and Chenavari Investment Managers. After auxmoney announced to invest in loans on its own marketplace in November 2020, the fintech company is now co-investing for the first time alongside partners as part of this transaction.
Revolut Deepens Digital Currency Focus with 22 New Tokens
- 3 years 7 months ago
- Cryptocurrencies
Revolut, the financial super-app with 20 million customers worldwide, today announced another push to the platform’s investment offering with the release of 22 new crypto tokens.
Co-Founder Yi He To Lead Binance’s $7.5B Venture Capital Arm
- 3 years 7 months ago
- Blockchain
Binance, the world’s leading blockchain ecosystem behind the largest cryptocurrency exchange, today announced the appointment of its Co-Founder Yi He as the new head of its venture capital (VC) arm and incubator, Binance Labs.
Stock Trading Platform Robinhood Axes Staff
- 3 years 7 months ago
- Trading Systems
Trading app Robinhood is laying off nearly a quarter of its staff, citing macroeconomic conditions and the cryptocurrency market's crash.
Compliance.AI Announces New CEO, Asif Alam, as it Secured $6M with Cota Capital and JAM FINTOP
- 3 years 7 months ago
- Fundraising News
US RegTech software firm Compliance.ai has raised $6 million in funding and appointed a new CEO to replace co-founder Kayvan Alikhani. The new funding comes from existing investor Cota Capital and new investment partner Jam Fintop.
Earned Wage Access Provider ZayZoon Raises $25.5M to Bring Financial Flexibility and Empowerment to All Employees as a Standard Benefit
- 3 years 7 months ago
- Fundraising News
ZayZoon, a provider of voluntary benefits that allows employees across the United States to instantly access their earned wages on-demand, is pleased to announce a series of financings that total $25.5 million in aggregate, consisting of $12.5 million in equity and $13 million in a new credit facility with ATB Financial.
nCino Announces Executive Leadership Appointments
- 3 years 7 months ago
- People Moves
nCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced several new appointments across its executive leadership team to further support the Company’s continued growth, scale and product innovation.
VNX Adds Visa and Mastercard Payment Methods to its Native Tokenized Gold Platform
- 3 years 7 months ago
- Payments
VNX, the first European regulated platform for investment into tokenized precious metals, now accepts major credit cards Visa and Mastercard as payment options on its native platform.
TBC Bank Decreases Time to Market for New Offerings by 40% While Reducing Integration Costs by One-third with Kong
- 3 years 7 months ago
- Banking
TBC Bank, a leading financial institution in the Caucasus and Central Asia Region, has reduced the time to market for new and enhanced products and services by 40% since implementing Kong Enterprise, the cloud-native API platform. By removing the need for a centralised integration layer and scaling back the associated resources,
