ICYMI fintech funding round-up: Bling, CreditLogic, FreeBnk and Currensea
A handy round-up of the recent funding endeavours of fintech companies across the globe.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Our pick of the top fintech news stories this week includes Revolut, BlackRock, Project Nexus and more.
Singapore becomes the third market worldwide where Paxos is licenced to issue stablecoins.
The $20 million “investment package” is to be spread over the “coming 3 years”.
Threesixty will remain an independent business, maintaining its own offerings and pricing in the market.
Compound enables users to earn rewards when saving up for purchases.
The sale is expected to release around €4 billion in RWAs for Barclays as it seeks business simplification.
Summit claims it can cut the accounts payable processing time by up to 75%.
Vivid Money is looking to expand its Vivid Business offering for SMEs launched at the start of the year.
Ascend Money became Thailand’s first fintech unicorn back in 2021.
Ant International will integrate the company with its payments and digitisation solutions unit Antom.
The insurer says it’s currently “in the preparation phase” of launching the new offering for retail customers.
Chief revenue officer Adam Oldfield has been promoted to the managing director role.
Platts most recently acted as CEO at HSBC Innovation Banking UK.
Cinq-Mars will oversee the credit union’s information, technology and security functions.
DASH is looking to use some of the funds to increase its headcount by 20.
Customers of DSVG and DZ Bank in Germany will be among the first Wero users.
Silvergate announced it was winding down crypto-focused Silvergate Bank in March 2023.
Join us on 11 July for an exclusive half-day event around building a modern tech stack at financial institutions.
Launched in 2018, the TaxScouts platform connects self assessment tax filers with a network of accredited accountants.
Snappi is a joint venture between Piraeus Bank and core banking software vendor Natech.
Oxbury Bank claims to be one of the fastest UK fintechs to reach full annual profitability.
Four fintech founders share how to utilise audience feedback to perfect product presentations.
The deal comes less than a month after the digital trading platform announced its $200 million purchase of Bitstamp.
Institutions from India, Malaysia, the Philippines, Singapore, and Thailand will implement the project.
Hawkins has served as a member of Payments Canada’s board since 2020.
The bank is seeking to expand its workforce in cybersecurity, delivery management, data, engineering and resilience.
Salt Labs’ CEO Jason Lee will take charge of the neobank’s new Chime Enterprise division.
Revolut’s revenue surged by 95% over the year, from $1.1 billion in 2022 to $2.2 billion in 2023.
The consent order, effective 21 May, mandates Thread Bank to enhance its oversight of its BaaS programme.
The bank first selected Avaloq to power its private banking businesses in Singapore and Hong Kong in 2021.
The acquisition will expand TeamSystem’s remit with over 200 financial solutions for credit and subsidised finance.
Rainforest says it provides embedded payment processing tech “purpose-built for software platforms”.
Before his promotion, Hocking served as Tribe’s chief security officer for one year.
The system is facilitated by the K-Net national payment gateway under the supervision of the Central Bank of Kuwait.
The deal will see Preqin’s data and research tools merge with BlackRock’s portfolio management platform Aladdin.
To support its launch, Arrow raised $110 million in a Series A round in May 2022.
Four fintech founders share their key tips to ensure the success of your tech presentations.
Jones is to replace Chris Sparks, who is set to retire after nine years at the company.
The cuts, actioned by president and CEO Wellington Holbrook, have resulted in the loss of almost 200 positions.