FCA Warns Providers of BNPL Products about Unregulated Promotions
- 4 years 2 months ago
- Payments
The FCA has warned firms that offer Buy Now Pay Later (BNPL) products that although some agreements are unregulated the financial promotions of all BNPL products must comply with the financial promotion rules. Unauthorised firms face criminal charges if they do not have an FCA-authorised firm approve their financial promotions. Authorised firms must also ensure that all promotional advertising comply with the FCA guidelines, unless an...
Revolut Launches Consumer Loans in Romania
- 4 years 2 months ago
- Lending
UK-based fintech Revolut announced it will start giving consumer loans in Romania, its second biggest market worldwide. Revolut has over 2 million users in Romania, representing about 10% of its worldwide clients.
Verto Acquires Locusnine to Deliver World-class Cross-border Payments Solutions
- 4 years 2 months ago
- Payments
Verto, the leading B2B cross-border payments and foreign exchange (FX) enabler, today announced that it has acquired Locusnine, a software studio that delivers innovative solutions, products and services that help to transcend technological barriers to customers’ experiences.
Mool Nets a Seed Round of Funding from NextGen Technology Fund
- 4 years 2 months ago
- Fundraising News
Mool Innovation Labs, which operates as a SAAS Tax saving & salary optimisation product, has caught the attention of investors and has received seed funding from Next Generation Incubation Scheme (NGIS) of Software Technology Parks of India (STPI). Pontaq Ventures India LLP is the fund manager of the aforesaid fund.
PayNearby Integrates Government Super App, UMANG, to Offer Citizens Assisted e-Gov Services
- 4 years 2 months ago
- Banking
To offer ease and further the Government’s vision to make e-governance 'mobile first' in India, PayNearby, India’s leading branchless banking and digital network, has integrated the all-in-one app UMANG (Unified Mobile Application for New-age Governance) into its platform.
Ripple Unveils Crypto On-Demand Liquidity Service in Brazil
- 4 years 2 months ago
- Cryptocurrencies
Ripple has brought its On-Demand Liquidity (ODL) offering to Latin America through a partnership with Brazil's Travelex Bank. ODL taps Ripple's XRP digital asset to enable customers to send money across borders instantly with very low-cost settlement and without the need to hold pre-funded capital in the destination market.
Klarpay AG Adds 70+ Currencies to Enable Cross-Border International Payments
- 4 years 2 months ago
- Payments
Swiss fintech Klarpay AG has launched a cross-border business pay
Singapore’s FOMO Pay Raises USD 13 Million in Series A Round
- 4 years 2 months ago
- Fundraising News
FOMO Pay, the Singapore-headquartered major payment institution that enables the digital economy with global virtual banking solutions for financial institutions and enterprises, today announced that it has secured a USD 13 Million investment for its Series A round led by Jump Crypto. Other participating investors include HashKey Capital, Antalpha Ventures, Ab Initio Capital, and Republic Capital.
Luminovo Raises €11 Million in Seed Round
- 4 years 2 months ago
- Fundraising News
Luminovo, the AI-powered software suite helping electronics leaders bring vital innovations to market faster, cheaper and more sustainably – has raised €11 million in a seed round led by Chalfen Ventures with participation by Tencent, Verve Ventures and Khadjavi Capital Partners, as well as existing investors La Famiglia and Cherry Ventures.
Paysend Store to Provide an End-to-end E-commerce Solution for UK Businesses
- 4 years 2 months ago
- E-Commerce
Paysend, the UK-based fintech with over 7 million customers, today announces the launch of Paysend Store for UK merchants. The free, no-code solution enables entrepreneurs in the UK to set up an online store and immediately start selling their products with no technology development or third-party IT integration required.
Cloud-banking Fintech Ohpen Partners with ezbob to Offer Complete Suite of Lending Products to UK Market
- 4 years 2 months ago
- Lending
Ohpen, the first fintech platform to bring a bank to the cloud, today announces its partnership with ezbob, a UK-based software provider for banks and financial institutions. The partnership is the next step in Ohpen’s expansion into the UK market, which commenced last year with the launch of a complete mortgage platform, and will leverage ezbob’s local market expertise to provide end-to-end SME lending products, as well as continue to support...
Checkout.com Announces Major Authentication Enhancements to Deliver Payment Performance Amidst Evolving SCA Requirements
- 4 years 2 months ago
- Payments
Checkout.com, the cloud-based payments service provider, today announced updates to its Authentication product to help merchants combat fraud and optimize their revenues, with an evolving toolkit of products and features to help merchants navigate the rapidly evolving landscape.
Enfuce to Expand Card-as-a-Service with Mastercard
- 4 years 2 months ago
- Credit Cards
Enfuce is excited to announce an extended partnership with Mastercard to expand the company’s Card as a Service platform in the Nordics. Through the partnership, Mastercard powers Card as a Service with tokenised multi-currency BINs in the Nordics, enabling Enfuce’s customers to launch and issue their own physical and virtual Mastercard payment cards in just weeks rather than months.
Seedrs Introduces Private Deal Room
- 4 years 2 months ago
- Investment
Seedrs, the leading private investment platform with over £2BN in investments recorded to date, has today launched the inaugural Seedrs Venture Partner programme, a new curated community for VCs, accelerators, ecosystem builders and serial entrepreneurs. Seedrs’ Venture Partner community will bring together established and emerging investors and influencers in private investment to support one another through global deal flow, mentorship, and...
UnionBank Partners with Avaloq to Transform its Wealth Management Platform
- 4 years 2 months ago
- Wealth Management
UnionBank continues the digital transformation of its wealth management business with the Avaloq Core Platform. This will help the bank to stay ahead of the technology curve as the financial industry continues to digitalize in the pursuit of greater efficiency and innovation.
