Aven Reaches Unicorn Status with $142 Million Series D Investment
- 1 year 7 months ago
- Fundraising News
Aven, a technology company offering consumer credit cards backed by home equity, today announced a $142 million series D round of funding led by Khosla Ventures and General Catalyst, with participation from existing investors including Caffeinated Capital, Electric Capital, Founders Fund, and The General Partnership.
PEXX Announces Launch with $4.5 Million Seed Funding to Revolutionize Cross-Border Payments
- 1 year 7 months ago
- Fundraising News
PEXX, an innovative fintech startup specialising in cryptocurrency and blockchain technology, has successfully launched following a $4.5 million seed funding round. This funding will drive the development of PEXX’s stablecoin-to-fiat payment platform, aimed at transforming global currency transfers.
Fintech Dopay Secures $13.5 million Series A Extension Round to Bank the Next Billion Workers
- 1 year 7 months ago
- Fundraising News
Dopay, the rapidly growing fintech providing a digital payroll and payments platform serving unbanked and underbanked workers in emerging markets, announces the closing of a strategic $13.5 million Series A extension round. This funding milestone tops up a previous $18 million Series A funding round and marks a significant step in Dopay's mission to transform cash-based economies by digitizing payments and providing financial inclusion for...
Top 5 Risks Unchanged but Risk Exposures Are Rising Says Latest Benchmark Report by ORX
- 1 year 7 months ago
- Risk Management
Information Security (incl. Cyber), Third Party, Technology, Data Management, and External Fraud remain as the Top 5 ranked risks, with a continued increase in materiality scores in the last six months. The findings were published in the Top Risk Review report from ORX, the world’s largest operational risk association which works with over 125 banks and insurers globally. Steve Bishop, ORX's Director of Research and Information explains:
CNBC Names Trustly a Top 250 Fintech Company for 2024
- 1 year 7 months ago
- Infrastructure
The past year has proven to be transformative for financial technology. Global venture funding into the fintech sector has declined sharply from the industry’s heyday in 2020 and 2021, and experts say the market is in a new normal, with valuations correcting from unsustainable highs.
ZA Bank Unveils HK’s First Stock Rebate Programme ‘StockBack’
- 1 year 7 months ago
- Cryptocurrencies
ZA Bank today announced the launch of StockBack, an innovative stock rebate programme that allows users to get a free lucky draw of big-name US stocks after each successful stock purchase transaction. The move sets a precedent in the local banking industry where users can get “stockback” from every stock purchase for the first time in Hong Kong.
SkySparc Appoints Treasury Industry Expert Jeff Struzenski to Drive Integrated Financial Operations Solutions Across the Americas
- 1 year 7 months ago
- People Moves
SkySparc, a leading corporate and financial institutions solutions provider, has appointed industry stalwart Jeff Struzenski as its new Managing Director, SkySparc Americas, to help augment enterprise liquidity management processes across the financial operations of the region’s corporates and banks. Positioned at the nexus of treasury consulting, optimization, platform integration, and AI, SkySparc aims to empower finance leaders by...
Reshaping Smarter Finance in the Digital Age
- 1 year 7 months ago
- FinTech StartUps
Advancements in technology and the finance system present a key moment where financial institutions can reshape resilience, reshape agility, and reshape intelligence. These three factors are key to facing future uncertainties and facilitating the transformation of the financial industry.
DIMOCO Payments Provides Carrier Billing to Deutsche Telekom’s Online Shop
- 1 year 7 months ago
- Payments
Leading payment provider and carrier billing specialist, DIMOCO Payments, strengthens its partnership with Telekom, a leading Mobile Network Operator in Germany, by providing carrier billing services to their online shop in collaboration with Brodos. With the DIMOCO Payments Agent Model, Telekom and Brodos can accept carrier billing payments for physical goods. This next step will allow customers to make friction-free purchases on a wide range...
JCB and Worldline Release a Whitepaper on Seamless International Payments for European Merchants
- 1 year 7 months ago
- Payments
JCB, with the support of Worldline, a global leader in payment services, has launched a new whitepaper aimed at empowering European merchants to explore the opportunities and tackle challenges surrounding frictionless payments. Merchants will be able to benefit from improved customer loyalty and, ultimately, revenue by applying some of the practical steps listed, within this guide.
MAS Commits up to S$100 Million to Support Quantum and Artificial Intelligence Capabilities in the Financial Sector
- 1 year 7 months ago
- Artificial Intelligence
The Monetary Authority of Singapore today announced that it will commit an additional S$100 million under the Financial Sector Technology and Innovation Grant Scheme to support financial institutions in building capabilities in quantum and artificial intelligence (AI) technologies, as well as enable the advancement of quantum and AI related innovation and adoption in financial services. Catalysing the development of quantum capabilities in the...
Wakanow Embraces Virtual Payments with Outpayce B2B Wallet
- 1 year 7 months ago
- E-Wallets
Wakanow.com, one of Africa’s largest travel sellers, offers a one-stop-shop booking portal. The company helps travelers research, plan and book attractive trips including air, accommodation, transfers and holiday packages.
Toyota Financial Services Italy and Fabrick Announce Partnership
- 1 year 7 months ago
- Financial
Toyota Financial Services Italy, the financial division of the Toyota Group, becomes a Corporate partner of Fintech District, the international reference community for the Fintech and Techfin ecosystem in Italy.
TIFIN Announces International Expansion Around Its Mission of Using AI for Wealth
- 1 year 7 months ago
- Infrastructure
TIFIN, a leading AI and innovation platform for wealth, makes its international debut with the launch of TIFIN India. The launch of TIFIN India represents an important milestone in TIFIN's vision to take its expertise in both direct-to-consumer (DTC) and business-to-business (B2B) AI for wealth applications to global markets.
Ajman Transport Authority Partners with BPC to Digitalize Ajman Public Transport Payments Through O-CITY
- 1 year 7 months ago
- Payments
The Ajman Transport Authority from the UAE has partnered with BPC, a global leader in payment solutions, to become the first authority in the UAE to implement modern payments technology on public transport buses, enhancing smart services within the transportation sector, through introduction of O-CITY, a solution for Smart Cities’ and mobility developed by BPC.
