Paytech Rêv launches X World Wallet “super-app” in US
The X World Wallet is Apple Pay, Google Pay, and Samsung Pay compatible.
Peer-to-Peer/P2P
Lydia to white-label Bitpanda platform for digital assets
Partnership will provide investment opportunities to Lydia’s 5 million customers via its app.
Zopa hires former Monzo executive Robinson as new chief risk officer
Robinson spent two years with Monzo, and 15 years at Capital One.
Sun Life taps AWS as cloud tech provider in digital transformation push
The Canadian firm says the partnership will expedite cloud adoption and boost innovation.
UK P2P lender The House Crowd’s collapse a result of governance failings
The House Crowd had struggled to raise capital.
New fintech Wisely Money aims to connect lenders and borrowers
New start-up offers an “all-in-one” app for short term lending.
Kiwi payments start-up Dosh selects Software Group
Dosh is the first local mobile wallet solution in New Zealand.
Auxmoney secures €250m in debt financing from Citi and Chenavari
New round tips total raised by auxmoney above $3 billion.
Clubhouse introduces tipping for content creators with Stripe
The one-year-old start-up has raised around $100 million to date.
WhatsApp Pay finally gets greenlight from Brazil’s central bank
WhatsApp is only allowed to do P2P payments in Brazil.
Rush Gold launches mobile card to pay with gold in real-time
The Mastercard offering is powered by EML Payments.
Indonesian fintech Alami acquires rural bank in $10m deal
Alami is helping the bank keep up with capital requirements.
Banking Tech Awards 2020 Winner: BTB – Best Use of IT in Private Banking/Wealth Management
BTB’s business model has brought annual average returns of 7% in the last seven years with low defaults.
UK Black-owned challenger Atmen to launch in March
The start-up is now looking to raise £5 million from institutional investors.
SoLo Funds snaps up $10m Series A for P2P lending
SoLo brought in $12m, which includes a $2.8m seed round and a series of convertible notes.
Asia-Pacific fintechs Volopay and Microleap land funding
Singapore-based Volopay and Malaysia-based Microleap have raised $2.1 million and $3.3 million, respectively.
Shariah P2P fintech Alami raises $20m in debt financing
Alami hopes to distribute trillions to SMEs and micro businesses.
Chipper Cash raises $30m in Series B featuring Jeff Bezos VC
The Amazon founder’s personal VC participated in Chipper’s latest funding
LendingClub shuts retail P2P offering as it focuses on institutional investors
The fintech allowed consumers to invest in Notes, corresponding to fractions of loans.
CleverCards CEO: There’s only going to be one winning challenger bank
CleverCard’s Kealan Lennon reckons the market isn’t big enough for so many neobanks.
Ex-Starling CTO’s start-up Ziglu launches crypto P2P payments
Ziglu insures digital assets against cyberattacks.
Zopa launches its first fixed-rate savings accounts
The range of accounts pay 1.05%, all the way up to 1.3%.
China culls almost 6,000 P2P lenders in industry crackdown
A two-year programme has left only 29 firms in the country.
Chinese fintech Lufax targets $3bn in US IPO
Sources highlight that political tensions between the US and China could affect its listing plans.
Islamic P2P lender Qardus launches in UK for SMEs
The new P2P lender offers unsecured loans of up to £100,000.
Mastercard invests in long-term fintech partner Verestro
The fintech has worked with Mastercard since 2011.
Lending Works acquired by Intriva Capital
Intriva has bought 100% of Lending Work’s equity for an undisclosed price.
MoneyGram makes another move into South Korea
The remittance firm wants a “leading” position in South Korea’s P2P remittance market.
Zopa lands UK bank licence, set to launch credit card and saving account
The company announced its plans to become a bank nearly four years ago.
P2P payments app Chipper Cash lands $13.8m
The San Francisco-based start-up operates across seven African countries.
Nigerian fintech KiaKia launches P2P lending investment app
Until this announcement, its P2P lending investment service has been exclusive.
How VibePay is quietly changing the UK fintech Twitter game
British grime MC JME donated £1,200 to the Vibe community last week during one of its social media events.
Dubai fintech Ziina lands $850,000 and launches P2P payment app
The start-up’s funding round was led by San Francisco-based Class 5 Global.
The rise of P2P FX
P2P initiatives aimed at helping corporates transact more efficiently will continue to gain traction.
VibePay opens up APIs to SMEs, lands £1.25m funding
Originally planned for Q3 of 2020, the fintech brought the launch forward
Ordo launches free P2P payments service in wake of COVID-19
Payments firm aims to help those doing tasks for people in isolation.
Will Asia’s Big Tech European expansion stick?
Asia’s mega funding rounds make Europe’s look like child play.
Underpinned helps companies pay freelancers with Banked
“The number of people choosing freelance work has grown rapidly,” says UnderPinned CEO.
BandPay lands $2m to help musicians get paid
“This is a crucial investment,” says co-CEO.
Flywire’s CEO on unicorn status: “It means nothing until it is something”
“I’m the most anti-unicorn terminology person, so it’s quite ironic,” says Massaro.
