Swift Could Face Challenge in New Era for Cross-border Payments - EIU
- 4 years 2 months ago
- Payments
Analysis from the Economist Intelligence Unit (EIU) suggests that while digital disruption to domestic payments continues, the ongoing Russia-Ukraine war will cause parallel disruption to cross-border payment systems. The dominance of SWIFT is endangered. To begin with, the EIU expects growth in digital payments to slow over the next five years.
Portage Launches Late-Stage Portage Capital Solutions Fund
- 4 years 2 months ago
- Investment
Global fintech investor Portage announced today the launch of a late-stage, fintech-focused Portage Capital Solutions (“PCS”) Fund. Co-Heads Daniel Ballen and Devon Kirk will lead the strategy, focusing on structured opportunities in fintech and financial services companies globally and targeting investments over $50 million.
Crypto Exchange Zipmex Files for Bankruptcy Protection in Singapore
- 4 years 2 months ago
- Cryptocurrencies
Zipmex has become the latest victim of the ongoing crypto crash after running into liquidity problems that it blames on troubled crypto lenders Babel Finance and Celsius Network. The Singapore-based crypto exchange said on Wednesday that it had filed moratorium applications in the city-state for five business entities. The moratoriums will protect Zipmex from any legal claims or proceedings for a period of up to six months, according to a...
Dbank Raises Largest Seed Round in Pakistan at $17.6M
- 4 years 2 months ago
- Fundraising News
Dbank, a Pakistani fintech founded by two former Google staffers, has raised $17.6 million in a seed funding round co-led by Sequoia Southeast Asia and Kleiner Perkins. Brazilian digital banking giant Nubank, RTP Global, Rayn and local partner Askari Bank joined the round.
Microsoft and Nexi Drive Payments Digitisation in Europe
- 4 years 2 months ago
- Payments
Nexi announces today a strategic collaboration with Microsoft aimed at innovating digital payments solutions and helping digitalization of SMEs, Corporates, Public Administrations and Financial Institutions across multiple European markets through vertical value-added solutions to respond to specific needs as easy-to-adopt one-stop-to-digital packages for small businesses, secure scalable payment cloud-based infrastructures for public entities...
DFSA Appoints New Chief Executive
- 4 years 2 months ago
- People Moves
The Board of Directors of the Dubai Financial Services Authority (DFSA) has accepted the resignation of F. Christopher Calabia, effective 31 August 2022. Chris joined the DFSA in October 2021 and is stepping down to return to the United States for family-related reasons.
Payment Source Cuts Reconciliation Times by 50% and Scales Fast with Duco’s Data Automation Platform
- 4 years 2 months ago
- Payments
Duco, a leading cloud-based data automation company, today announced that Payment Source, the preferred partner to bring innovative payment solutions to the Canadian market, has achieved huge efficiency and scalability gains thanks to the Duco Platform.
Worldpay from FIS Extends Partnership with Chargebacks911 to Help Reduce Chargebacks for Merchants
- 4 years 2 months ago
- Payments
Financial technology leader Worldpay from FIS® is extending its partnership with a dispute technology provider, Chargebacks911, by launching an enhanced range of Disput
Half of UK Consumers Reduce Discretionary Spending Amidst Cost of Living Pressures, Although Financial Resilience Remains Strong
- 4 years 2 months ago
- Personal Finance
Half of UK consumers have cut back spending to cope with the cost of living crisis, although financial resilience appears robust, according to figures revealed in TransUnion’s latest Consumer Pulse study.
Cardless to Launch Co-Branded Credit Cards on the American Express Network
- 4 years 2 months ago
- Payments
Cardless, a financial technology firm, today announced a new agreement with American Express. The agreement empowers some of the country’s most celebrated brands – including travel providers and retailers – to seamlessly launch digital-first cards leveraging the Cardless platform, backed by the benefits, offers, and security of the American Express network.
Crassula Partners with Salt Edge to Deliver a Full Spectrum of Open Banking Solutions
- 4 years 2 months ago
- Open Banking
Crassula, a Cloud Banking SaaS software platform, joins hands with Salt Edge, a leader in offering open banking solutions, to help banks, EMIs, and fintechs launch advanced PSD2 and open banking solutions in the UK and EU.
Balance Raises $56M Series B to Bring Global Trade Online With B2B eCommerce Checkout
- 4 years 2 months ago
- Fundraising News
Balance, the leader in B2B marketplace and eCommerce payments, today announced a $56 million Series B fundraise, bringing the company’s total funding to $87M. The round was led by Forerunner Ventures with support from Salesforce Ventures, Hubspot Ventures, Lyra Ventures, and Gramercy Ventures.
Digital Asset Fintech Atato Closes $6M Series A
- 4 years 2 months ago
- Fundraising News
Atato, a digital asset company, has raised $6m from a Series A funding round headed by AlphaLab Capital and FEBE Ventures. Also taking part in the round were Babel Finance, NFT1, Wing Vasiksiri, January Capital, NGC Metaverse Ventures, Huashan Capital, Tom Trowbridge and SOSV. Angel investors such as Dan Bertoli also took part.
Fintech Revolv3 Secures $4.5M for Recurring Billing Platform
- 4 years 2 months ago
- Fundraising News
Revolv3 announces that Rosecliff Ventures and an angel investor have invested $4.5 Million USD in seed money in the recurring billing solutions company.
Paycheck Advance Startup B9 Raises $2.6M
- 4 years 2 months ago
- Fundraising News
B9 Inc, a fast-growing payroll solution platform, aimed at promoting creditworthiness through employment data and economic behaviour, has announced a $2.6M funding round led by Sky Light Invest with participation from prominent FinTech investors Mbanq and the founders of Wrike, a project management application. Previously, in 2021, B9 raised $5 million in seed capital from angel syndicates and angel investors.
