Ratio Emerges From Stealth; Secures $411M to Transform B2B SaaS Payments, Financing, and Pricing

• 3 years 8 months ago
• SaaS

Ratio, a new kind of fintech platform that combines payments, predictive pricing, financing, and a frictionless quote to cash process into one platform for SaaS and technology companies, today emerged from stealth and announced raising $11M in venture funding and a $400M credit facility for customer financing. Led by a team of industry veterans, Ratio is rewriting the rulebook for SaaS pricing and financing, driving value for vendors by...

Kyriba Launches AI-Driven Cash Management

• 3 years 8 months ago
• Fund Management

Kyriba (“the Company”), a global leader of cloud-based finance and IT solutions, today announced the launch of Cash Management AI, a new solution based on Artificial Intelligence, which uses data science technologies to predict cash availability with increased speed, control and reliability. The new solution improves companies' cash management and forecasting capabilities.

CFPB Study Details the Rapid Growth of “Buy Now, Pay Later” Lending

• 3 years 8 months ago
• Lending

Today, the Consumer Financial Protection Bureau (CFPB) published a report offering key insights on the Buy Now, Pay Later industry. The report, Buy Now, Pay Later: Market trends and consumer impacts, finds that the industry grew rapidly during the pandemic, but borrowers may receive uneven disclosures and protections. The five firms surveyed in the report originated 180 million loans totalling over $24 billion in 2021, a near tenfold increase...

Zip, First Australian BNPL Company to be Added to PPRO's Digital Payments Infrastructure

• 3 years 8 months ago
• Payments

PPRO merchants will soon have the ability to integrate buy now, pay later services from Australian provider Zip at the point of checkout. Zip, which includes Zip Pay and Zip Money, becomes the first Australian BNPL method to be added to PPRO’s digital payments infrastructure and sits alongside other Australian local payment methods.

Neobank Majority Secures $37.5M in Series B

• 3 years 8 months ago
• Fundraising News

Majority, the mobile banking outfit for migrants in the US, has raised $30 million in Series B funding led by Valar Ventures. The startup has also secured $7.5 million in debt financing from a US-based commercial bank as it seeks to expand its service to support the nearly 50 million immigrants in the country.

Saudi Credit Bureau (SIMAH) Enables Millions More Consumers to Access Bank Loans After Introducing FICO Score

• 3 years 8 months ago
• Lending

The Saudi Credit Bureau (SIMAH), a leader in credit bureau information management in the Middle East and North Africa (MENA), has administered the successful rollout and adoption of the FICO® Score by lenders in the country, enabling millions more Saudi customers to receive loans from banks. This growth in financial inclusion was made possible by SIMAH’s advocacy efforts with financial institutions and a parallel education campaign with...

Bright Data to Launch Bright Insights with the Acquisition of Market Beyond

• 3 years 8 months ago
• Data

Bright Data, the industry-leading web data platform, has today announced the acquisition of eCommerce insights provider Market Beyond. With this acquisition, Bright Data adds digital shelf analytics to its already comprehensive data offerings, introducing its new division – Bright Insights.

Deel Announces Two Major Product Launches - Deel Shield, Removing Misclassification Risks, and Deel API

• 3 years 8 months ago
• APIs

Deel, the leading global payroll and compliance solution, has today announced two major launches – Deel Shield and Deel API/the Deel Partner Program. Deel Shield offers businesses the most secure level of contractor compliance, allowing them to unlock global hiring with zero misclassification risks and liability. Deel API offers companies and developers worldwide the ability to supercharge and globalise their HR products with Deel’s industry-...

Shieldpay announces Andrew Hawkins as Chief Technology and Product Officer

• 3 years 8 months ago
• People Moves

Shieldpay, the market leader in secure digital payments, has today announced the appointment of Andrew Hawkins as Chief Technology and Product Officer. In his leadership position, Andrew will be evolving Shieldpay’s product and technology function to deliver solutions securing the world’s complex B2B payments.

Broadridge Partners with Coinbase on Integrated Trading Solution

• 3 years 8 months ago
• Trading Systems

Bringing liquidity and greater access to crypto trading, global Fintech leader, Broadridge Financial Solutions, Inc., has announced a partnership with Coinbase, offering interoperability between Coinbase Prime and Broadridge Trading and Connectivity Solutions’ NYFIX order-routing network.

Varenne Capital Partners Selects TS Imagine to Support its Trading Activities

• 3 years 8 months ago
• Trading Systems

TS Imagine, a global leader in trading, portfolio, and risk management solutions for capital markets, today announced that Varenne Capital, a Paris-based, process-driven, global investment manager, has selected TradeSmart OEMS, TS Imagine’s Order and Execution Management System, to support its trading activities.

NeteraPay Partners With Nordigen To Streamline Customer Authentication Processes

• 3 years 8 months ago
• Open Banking

Leading Fintech Niyo Rolls Out its Second ESOP Buyback Plan

• 3 years 8 months ago
• Banking

Niyo, India’s fastest-growing consumer-facing banking-tech platform, has announced its second employee stock ownership plan (ESOP) to reward its employees for contributing to the company’s rapid growth. Founded in 2015, Niyo offers digital savings accounts and other banking services in partnership with banks. It currently serves over 5 million customers across its banking and wealth management products, with over 10,000 new users added daily to...

Amadeus to Make Buy Now Pay Later Options Available to Meet Traveler Demand

• 3 years 8 months ago
• Payments

BNPL services coming to travel companies through ‘Fly Now Pay Later’ and ‘Uplift’ via the Amadeus Xchange Payment Platform. According to research on travellers, 68% would spend more on travel if BNPL options were available.

Linedata Partners with Liquid Mercury for Crypto Market Access

• 3 years 8 months ago
• Cryptocurrencies

Linedata, a global provider of asset management and credit technology, data, and services, today announced it is providing global buy-side asset managers with institutional-grade access to crypto and digital asset order execution. This is made possible through a new collaboration with Liquid Mercury, a leading digital asset and cryptocurrency trading technology provider, via Liquid Mercury’s order execution management system.