Foloosi targets GCC expansion with $500k seed funding
The Dubai-based start-up offers cashless payment solutions.
News
Revolut withdraws banking licence application in Luxembourg
It needs regulatory approval from an EU27 state to maintain EU single market access post-Brexit.
Ping An Insurance considers Singapore neobank licence
The company has already secured a Hong Kong banking licence.
Indian neobank Yelo raises seed round
The start-up is personalised to gig economy workers.
Goldman Sachs lends Mexican start-up Konfio $100m
The companies had “several” event run-ins.
First UK fintech consumer panel launched in Scotland
Consumers will innovate alongside the entrepreneurs.
Swift to reveal European E2E payments pilot
Swift has already achieved sub-one-minute payments outside Europe.
Top fintech stories this week-06 September 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Fintech start-up PayBright raises $34m from goeasy
Leading the round was Canadian Business Growth Fund.
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BigID raises $50m in Series C funding round
BigID has now raised more than $96 million.
Malta FSA supports local fintechs
A new general counsel will manage domestic financial legislation.
Apis acquires majority stake in paytech Tutuka
It was attracted to Tutuka’s strong presence across 19 emerging markets.
Happy Money raises $70 Million in Series D round
The fintech evaluates “happy” and “sad” spending patterns.
Stripe announces new lending arm Stripe Capital
Loans will be based on the customer’s transaction activity on Stripe.
AkinovA first insurtech to adopt OpenFin OS
“This is an overhaul in the insurance and risk trading space.”
Nordic API Gateway first Danish fintech to land PISP licence
The fintech will offer A2A payments to its online retailers.
Swift launches new API standard for open banking innovation
Universal API standards will speed up open banking.
Swedish fintech Capcito closes €7m funding round
Capcito saw a 500% increase in active clients since last year.
Yes Bank uses Microsoft’s AI platform for chatbot
The AI chatbot is well-versed in the banking world.
Even Financial raises $25m in investment round
Even has now raised a total of $50 million.
Indonesian FSA launches online register to monitor fintechs
The platform will grow business through OJK’s innovation hub.
Hong Kong authority changes guidelines to boost fintech
Lenders can now use big data analysis to review applications.
BIDV chooses Surecomp for digital trade finance transformation
BIDV praises Surecomp’s “commitment to its clients”.
Accion Venture Lab adds $33m to new fintech fund
The lab’s total capital under management is now $42 million.
Namaste Credit becomes neobank
The new bank will be launching its ‘Namaste Biz’ app soon.
Railsbank raises $10m to expand into Southeast Asia and beyond
The open banking platform has opened an office in Singapore.
Kredivo closes up to $20m credit line for Indonesian growth
The funding will be used to diversify the Jakarta-based firm’s loan book.
Paysend reaches one million customers in two years
Paysend acquired more than 100,000 new users last month.
LOVEFiLM entrepreneur William Reeve invests in neobank Twisto
Reeve will help Twisto with its European expansion plans.
Kabbage acquires Radius Intelligence to expand its data library
Kabbage is backed by SoftBank and lends up to $250,000.
Merck Sharp & Dohme FCU adopts Fiserv’s biometric authentication
The system uses palm readers to verify both members and employees.
Curve smashes crowdfunding record in minutes with £5m overfund
The fintech quadrupled its£1 million target in less than an hour.
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Nationwide chooses OutSystems for new digital business
OutSystems will take on the business logic and process for Nationwide.
Seven mobile paytechs form new association
It will “win back lost terrain in the payments space” for Europe.
Eligma gets €4m investment from Bitcoin.com and Pangea Blockchain Fund
Eligma developed Elipay for vendors to receive crypto payments.
Allied Irish Banks chooses nCino for core technology
Accenture will be acting as the systems implementation partner
Tinkoff launches Pulse social network for investors
Tinkoff’s app is now a “one-stop shop” for all communication.
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