Financial Technology News | Finance Magnates

The focus of the fund is to invest in early-stage fintech and infrastructure startups.
The capital will forward the investment into 25-30 pre-seed to fintech companies.

Tuesday, 28/06/2022 | 23:42 GMT by Felipe Erazo

payment

Unlimint Becomes Telegram’s Payment Provider, to Power In-App Purchase

Unlimint to power purchase of goods directly from the Telegram chat box.
The development is 'a response to the evolution of online shopping'.

Tuesday, 28/06/2022 | 18:24 GMT by Solomon Oladipupo

fintech

Atlantic Money Expands Global Presence, Receives Approval from NBB

The company has secured approval to operate as a payment institution.
The approval from the National Bank of Belgium has enabled the firm to provide its services across the EU region.

Tuesday, 28/06/2022 | 10:19 GMT by Bilal Jafar

Thought Leaders

Unique GameFi Revolution Insights with DEA Co-CEO Kozo Yamada

DEA discusses the future of P2E gaming, and whether it will overtake standard gaming.

Tuesday, 05/07/2022 | 12:15 GMT by FM

revenue

Mode Global Holdings Posts 732% YoY Jump in Trading Volume for 2021

The company’s users climbed by 261% during the mentioned period.
Revenue increased by 192%.

Tuesday, 28/06/2022 | 08:56 GMT by Bilal Jafar

nigeria

Fintech PocketApp Gets AIP for Nigeria's Apex Bank’s MMO License

PocketApp just rebranded from Abeg.
MMO license is a permit to create and manage digital wallets and issue electronic money.

Monday, 27/06/2022 | 20:38 GMT by Solomon Oladipupo

TransferWise

Tax Violation: FCA Opens Investigation on Wise’s CEO after £365k Fine

In September 2021, the FCA listed Kaarmann as one of several 'deliberate tax defaulters'.
Wise will fully cooperate with the FCA, report says.

Monday, 27/06/2022 | 13:53 GMT by Solomon Oladipupo

deutsche bank

Darren Boulos to Rejoin Deutsche Bank as Co-Head of Global FX for APAC

Boulos is to replace Lee Merchant.
The ex-BNY Mellon executive will help drive GFX franchise across APAC.

Friday, 24/06/2022 | 12:54 GMT by Solomon Oladipupo

fintech

SumUp Raises €590 Million in Funding, Hits a Valuation of €8 Billion

Bain Capital Tech Opportunities led the recent investment round.
The latest funding is a combination of debt and equity.

Friday, 24/06/2022 | 09:32 GMT by Bilal Jafar

fintech

Prime Trust Secures Approximately $100 Million in Series B Funding

The company is planning to expand its offerings.
To date, Prime Trust has raised more than $170 million.

Thursday, 23/06/2022 | 13:09 GMT by Bilal Jafar

Thought Leaders

Solving the KYC Trilemma with RecognID

Are you handling your KYC data the right way?

Tuesday, 05/07/2022 | 11:51 GMT by MD Finance

payments

Nium Collaborates with Stellar Development Foundation

The companies have partnered to enable payouts in 190 countries.
Firms building on Stellar can now leverage the global platform of Nium.

Thursday, 23/06/2022 | 07:52 GMT by Bilal Jafar

vietnam

Investment Platform Finhay Raises $25 Million in Series B Round

The funding round was co-led by Openspace Ventures and VIG.
Finhay was founded in 2017.

Wednesday, 22/06/2022 | 17:24 GMT by Felipe Erazo

fintech

ComplyAdvantage Introduces ComplyTry for Efficient Verification

ComplyTry users will be able to better understand the risk profiles of prospective customers.
The newly introduced service will help with detecting and preventing financial crimes.

Tuesday, 21/06/2022 | 10:04 GMT by Bilal Jafar

First Derivatives

First Derivative Announces New Office in Poland

The company recently launched an office in Toronto, Canada.
First Derivative opened the new office amid 'significant demand'.

Monday, 20/06/2022 | 19:46 GMT by Felipe Erazo

fca

UK Outlines Plan for BNPL Regulation

Under the newly announced plans, lenders will be required to carry out affordability checks.
The popularity of BNPL services has increased significantly in the UK in the last few years.

Monday, 20/06/2022 | 11:43 GMT by Bilal Jafar

playtech

TTB Given Deadline Extension for Confirming Playtech Acquisition Bid

Now, the deadline is until 5 pm on July 15.
The two have been discussing the deal for months now.

Friday, 17/06/2022 | 07:13 GMT by Arnab Shome

Thought Leaders

ActivTrades Posts 2021 Revenue Results

The company has also seen an influx of new clients and an increase in trading volumes.

Tuesday, 05/07/2022 | 10:01 GMT by FM

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