Novo Announces $35M in Funding
- 3 years 9 months ago
- Fundraising News
Novo, the powerfully simple fintech platform for small businesses, announced that GGV Capital has joined the company’s Series B as a strategic investor with an additional $35 million. This brings Novo’s Series B to $125 million, and total equity funding to more than $170 million. Robin Li, Principal, GGV Capital will join the board as an observer.
11th Global Islamic Microfinance Forum Successfully Concluded in Dubai – United Arab Emirates
- 3 years 9 months ago
- Islamic Finance
11th Global Islamic Microfinance Forum was successfully concluded at Metropolitan Hotel Dubai, UAE under the patronage of AAOIFI Bahrain. The purpose of that forum was to promote, strengthen and unite the organizations of Islamic microfinance (IsMF) with the theme of financial Inclusion, outreach strategies & innovations. Eminent Speakers and industry professionals from well-serving organizations related to Microfinance, Islamic microfinance...
Impactsure Now Available on Temenos Exchange
- 3 years 9 months ago
- Artificial Intelligence
Impactsure Technologies (Impactsure), an Artificial Intelligence (AI) and Machine Learning (ML) powered document analytics SaaS company for Banks and Enterprises, today announced the availability of its Secure Unified Responsive Engine (SURE)-based SureMatch platform on Temenos Exchange, the open market place for fintech solutions. Temenos is the digital and core banking solution provider for prominent global banks.
The Shift to Fintech: SMEs are Increasingly Turning to Digital Finance Solutions for Stability Amid Economic Uncertainty
- 3 years 9 months ago
- Digital banking
Recent research from Airwallex, the global fintech platform, revealed that US and UK-based SMEs are turning to fintech solutions to help manage their finances and bolster growth amidst the current economic environment. The independent survey of 1,500 SME decision makers across the US and UK found that almost half of US (48%) and UK (42%) SMEs are moving “even more aggressively” towards digital platforms and away from traditional banking services...
Eurazeo Signs an Agreement to Invest in Neoxam, a Provider of Front-office, Middle-office and Back-office Software for Financial Institutions
- 3 years 9 months ago
- Fundraising News
Eurazeo, via its Small-Mid Buyout team, is today announcing the signature of an agreement with a view to investing in NeoXam, alongside its founder Serge Delpla and its management team led by Florent Fabre. Under the agreement, Eurazeo would invest more than €100 million, thus becoming the group’s majority shareholder. Historical partners (led by Cathay Capital and BPI), shareholders since 2018, would sell their shares on this occasion.
Quid Global Partners with Currencycloud to Help Entrepreneurs Grow a Successful Business
- 3 years 9 months ago
- Infrastructure
Currencycloud, the experts in simplifying business in a multi-currency world, have partnered with London-based Quid Global, the single-sign-on digital ecosystem dedicated to SMEs, to launch Quid’s global wallet that supports businesses in their international development.
Railsr Launches Insights to put Brands in Control of Their Customers’ Embedded Finance Experiences
- 3 years 9 months ago
- Personal Finance
Railsr, the leading global embedded finance experiences platform, has launched Insights, a dashboard to empower brands to track, manage and enhance the end-to-end experiences of their customers.
Nium Unveils ‘Closed Loop’ Payments Alternative for Airlines and OTAs
- 3 years 9 months ago
- Payments
Nium, the global platform for Modern Money Movement, today announced the launch of Nium Airline Payments (NAP), a closed-loop payments solution powered by Universal Air Travel Plan (UATP). NAP provides airlines, travel agents, and online travel agencies (OTAs) with a sustainable and equitable ‘closed loop’ payment model, which closes the door on damaging surcharges and business-restricting non-acceptance policies that have inflated the cost of...
Atom Changes its Serviceability Criteria to Support More SMEs
- 3 years 9 months ago
- Banking
Atom bank, the UK’s first app-based bank, has today revamped its serviceability criteria for both variable and fixed rate commercial mortgage products as it looks to improve access to finance and challenge the high street lenders.
United Fintech Appoints Thomas Petersen as Head of Data Partnerships
- 3 years 9 months ago
- People Moves
United Fintech, the go-to platform for capital markets digitisation, has announced the appointment of Thomas Petersen as Head of Data Partnerships, bolstering its team of global talent as it continues its growth.
Vayana Network Begins Operations of its ITFS Platform, Vayana TradeXchange (VTX), Initiates the First Transaction in Partnership with Volo Fin Pte. Ltd. (VoloFin)
- 3 years 9 months ago
- Trading Systems
Vayana TradeXchange, the International Trade Financing Services (ITFS) platform facilitating cross-border trade finance under the supervision of the International Financial Services Centre Authority (IFSCA), GIFT City, today announced the completion and disbursement of its first set of export financing transactions. Vayana TradeXchange (VTX) is built and operated by Vayana (IFSC) Pvt Ltd, a 100% subsidiary of Vayana Network, the largest Supply...
Galgal, the Youth Centric Neobank Startup Raises USD 1 Million to Help Gen Z Squeeze the Most Out of Their Money
- 3 years 9 months ago
- Fundraising News
Founded in 2021, by Harsh Chhatrapati and Arun Iyer, Galgal Money is a new-age Mumbai-based Fintech start-up that focuses on bringing efficient banking solutions to the youth, with the purpose to simplify money management and make savings as stress-free as possible.
Yubi and axio Tie-up to Deepen Co-lending in India and Enhance Financial Inclusion for Underserved Sectors
- 3 years 9 months ago
- Lending
Yubi (formerly CredAvenue), the world’s first possibility platform that powers the discovery, execution and fulfilment of credit, and axio (formerly Capital Float), India's leading digital consumer finance company offering pay later, credit and personal finance management announced a strategic partnership, through which axio will leverage Yubi’s co-lending platform to continue expanding its retail credit business.
mPOS Terminals Market: Top Trends Boosting the Industry Growth Through 2027
- 3 years 9 months ago
- Payments
According to a recent study from market research firm Graphical Research, the global mPOS terminals market size is set to register significant growth during the forecast timeframe, propelled by rising demand for digital payment solutions. Many countries in developed regions are deploying advanced systems to enable customers to make online payments. The growing smartphone penetration has played an important role in increasing the number of...
Iceland’s Largest Telecom Síminn Expands into Payments through Enfuce’s Card as a Service
- 3 years 9 months ago
- Payments
Síminn Pay, the pioneering fintech subsidiary of Iceland’s largest telco provider Síminn, has partnered with Enfuce, the European leader in providing turnkey card issuing, to launch virtual credit cards tailored for Síminn Pay’s lifestyle app, enabling users to make seamless payments.
