Thunes raises $60m in Series B round to power network expansion
Thunes plans to extend its reach in Asia, Africa, and Latin America.
Thunes plans to extend its reach in Asia, Africa, and Latin America.
Thunes claims to work with partners in more than 100 countries.
Somalis emigrates send $1.4 billion back home every year.
Nium evolved from a consumer remittance service to a B2B offering.
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The two firms extend a deal signed in 2018.
TransferWise thinks there’s money on the table in Australia.
TranSwap, and Remitr have also signed up for its new multi-currency wallet.
The remittance market is set to suffer from the pandemic.
The new corridors span the Middle East, and into South East Asia and Africa.
Savoy will be responsible for leading TransferGo’s team of more than 60 engineers.
The fintech landed its PSD2 licence in Spain at the end of May.
70% of Filipino adults are still unbanked.
The remittance firm wants a “leading” position in South Korea’s P2P remittance market.
UAE-based bank enables transactions via its mobile app and online banking.
Eight currencies from the Middle East and Central and Eastern Europe (CEE) have been added.
The value of the round has not been disclosed.
The remittance firm will support Al Rajhi in Saudi Arabia both digitally and in-branch.
Two of America’s largest money transfer and remittance services could be joining forces.
Fintechs could, in principle, fill the void left by the large incumbents.
The ability to send money home is critical, but not always easy for migrant workers.
The partners will offer direct-to-account crediting.
The round is thought to be worth between $75-$100 million.
Six-month investigation into the German firm encounters stumbling blocks.
Opportunities beyond meeting the minimum exist for banks embracing gpi.
We have received more requests for extensions than ever before, so we are extending the entry deadline again until the end of April.
All things equal: Closing the gender gap in fintech.
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The fintech becomes Thailand’s first non-bank institution to use the solution.
It will launch international bill payments through its own app/website using Paykii’s tech.
TransferWise customers just need the recipient’s name and Alipay ID.
The venture now has a 50-person London-based team.
Azimo and Ripple speak to FinTech Futures about their new partnership.
The partnership will enable direct access in the Varo app to the WorldRemit service.
It’s relying on two drivers: physical meetup spaces and brand ambassadors.
A majority of the firm’s services remain down.
Mansa X as the fund is known, returned an average 24% and closed at $3 million.
Tranglo partnered with bigtech Alipay earlier this month.
London-based firm gives users green light to sent money to Alipay wallets.
It will facilitate cross-border payments & enable them to launch in 14 new markets over Q1.