PhonePe Raises $200M in Additional Funding from Walmart
- 2 years 11 months ago
- Fundraising News
PhonePe, one of India’s largest fintech platforms, today announced it has raised additional $200 million in primary capital from Walmart, at a pre-money valuation of $12 billion.
$25 Trillion Wiped Off Global Stock Markets in 2022, WFE Data Reveals
- 2 years 11 months ago
- Trade Finance
New data published by the World Federation of Exchanges (WFE), the global industry group for exchanges and central clearing counterparties, indicates that $25 trillion was wiped off global stock markets in 2022. WFE’s FY 2022 Market Highlights report reveals that stock markets declined by 20% in market capitalisation and 10% in value traded in 2022, interrupting the positive trend observed in the two previous years.
TradeSun Makes Senior Hires as Trade Digitalization Ramps Up
- 2 years 11 months ago
- People Moves
TradeSun has made senior appointments across the US, APAC region and Europe as the company, a leader in AI-driven trade automation and compliance, continues its global expansion.
Synchrony Named Among India's Best Workplaces Building a Culture of Innovation by All 2023 by Great Place to Work® India
- 2 years 11 months ago
- Personal Finance
Synchrony, a leading consumer financial services company, has been recognized as one of India's Best Workplaces Building a Culture of Innovation by All 2023, ranking under top 50, by Great Place to Work® India. This recognition is a testament to Synchrony's people-first culture and commitment to fostering a positive and empowering work environment for its employees.
London Fintech kennek Scales Up with Centropy PR
- 2 years 11 months ago
- Infrastructure
London-based fintech firm kennek has appointed Centropy PR to handle its external communications following a competitive pitch process. The news comes following kennek’s $4.5 million pre-seed funding round as the company announced its expansion plans. The funding round was led by Dutch Founders Fund, ffVC and Plug and Play Ventures.
FintechCashier Keep Gaining a Foothold in the US Landscape
- 2 years 11 months ago
- FinTech StartUps
Fintechcashier, a London-based fintech company, is pleased to announce its attendance at the upcoming Fintech Meetup to be held at the Aria in Las Vegas next week. The event promises to provide the FinTech industry's best and most trusted content, created and delivered by more than 175 subject matter experts across 11 tracks and 60 sessions.
Axiom Bank, N.A. Partners with White Clay to Enhance Data Strategy
- 2 years 11 months ago
- Data
White Clay, a company that helps community and regional financial institutions improve relationships and increase revenue, announced its partnership with Axiom Bank, N.A.
For CFOs, Paystand Adds New Treasury Offerings for Managing Cash in the Wake of Bank Failure
- 2 years 11 months ago
- Banking
On Thursday, March 9, 2023, tens of thousands of companies that had all of their assets in Silicon Valley Bank (SVB) accounts went into a state of panic. Cash they depended on to make payroll and pay critical bills disappeared, as the 16th largest bank in the United States by assets defaulted.
Merkeleon and Sumsub Share Results of Partnership, Revealing 50% Increase in Crypto User Pass Rates
- 2 years 11 months ago
- AML and KYC
Merkeleon, a leading B2B crypto software company, today announces the results of its long-term partnership with Sumsub, an all-in-one verification platform, and what’s in store for the future.
Xapo Bank Integrates with Faster Payment System, Unlocking 24/7- 365 Zero-Fee Fund Settlement in Great British Pounds (GBP)
- 2 years 11 months ago
- Banking
Xapo Bank, a leading Bitcoin custodian and licensed private bank, today announced that it has integrated with the Faster Payment System (FPS) to offer 24/7 - 365 zero-fee fund settlement in the United Kingdom and overseas territories.
Stripe Raises More than $6.5B in Series I Funding Round
- 2 years 11 months ago
- Fundraising News
Stripe, which builds economic infrastructure for the internet, has signed agreements for a Series I fundraise of more than $6.5 billion (€6.15 billion) at a $50B (€47B) valuation. Primary investors include existing Stripe shareholders—Andreessen Horowitz, Baillie Gifford, Founders Fund, General Catalyst, MSD Partners, and Thrive Capital—as well as new investors including GIC, Goldman Sachs Asset and Wealth Management, and Temasek.
Apex Group Wins NewVest Mandate with Innovative Approach
- 2 years 11 months ago
- Asset Management
Apex Group Ltd. (“Apex Group” or “The Group”), a global financial services provider, today announces its appointment by NewVest’s inaugural Private Equity 50 Index Fund (“PE 50”).
Sam Farrell Joins Torstone as Head of North America
- 2 years 11 months ago
- People Moves
Torstone Technology, a leading SaaS platform for post-trade securities and derivatives processing, today announces that Sam Farrell has joined the firm as Head of North America. Based in Toronto, Sam will have oversight of all the US and Canadian operations for Torstone. Sam will continue to expand Torstone’s footprint in North America, further establishing the business as a key provider within the US and Canadian markets.
VAT Tax Gap Estimated at £10.0 Billion for the Financial Year 2021-22
- 2 years 11 months ago
- Accounting
Ecospend, the leading payments platform in the UK, recently acquired by Trustly, outlines the potential of Open Banking payments to close the VAT tax gap which stands at £10 billion, or 6.9% of the VAT receipts received by the government, for the financial year 2021-22.
Adyen Drives Conversion Uplift with Advanced Authentication Solution
- 2 years 11 months ago
- Payments
Adyen, the global financial technology platform of choice for leading businesses, announces that it has further advanced its digital authentication solution, with ongoing pilots realizing a conversion uplift of up to 7%. Engineered to optimize authorization and therefore end revenue, the company’s expanded capabilities include Delegated Authentication, Data-Only, and Trusted Beneficiaries functionalities.
