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FinTech
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Analysis

Neobanks vs Traditional Banks: Is the War Already Over?

  • Most neobanks are backed by traditional banking giants.
  • Despite growing adoption, less than 5% of challenger banks are profitable.
Friday, 10/06/2022 | 13:09 GMT by Bilal Jafar
Brokers

UP Fintech Reports 35.2% YoY Dip in Q1 Revenues

  • Total revenues came in at $52.6 million, compared to $81.3 million in the same period last year.
  • The company added 30,150 funded accounts in the recent quarter.
Friday, 10/06/2022 | 10:00 GMT by Bilal Jafar
News

Rapyd Enhances International Presence, Opens Dubai Office

  • The fintech company called the recent development a ‘major milestone’.
  • Rapyd has been registered at Dubai International Financial Center.
Thursday, 09/06/2022 | 11:59 GMT by Bilal Jafar
FinTech

Rauva Aims Super App at 20m SMEs in Mediterranean Europe

  • Sam Mizrahi and Jon Fath unveiled Rauva on Wednesday.
  • Rauva to be launched early 2023 in Portugal and Spain.
Wednesday, 08/06/2022 | 13:52 GMT by Solomon Oladipupo
News

Monty Finance Expands Global Presence, Enters Europe with New Services

  • The fintech company is headquartered in the United Kingdom.
  • Monty Finance has officially launched its neobank and payment gateway in all European markets.
Wednesday, 08/06/2022 | 11:13 GMT by Bilal Jafar
News

Ebury Partners with KYC Startup LoopingOne, Invests €800K

  • It was the first seed round closed by LoopingOne.
  • The two companies will use each other's resources to shape their offerings.
Wednesday, 08/06/2022 | 10:30 GMT by Arnab Shome
News

Ziglu Inks Deal with ClearBank to Expand Its Banking Offerings

  • The UK-based money app will offer virtual GBP bank accounts.
  • ClearBank will support Ziglu's real-time processing and reporting of such bank accounts.
Tuesday, 07/06/2022 | 21:22 GMT by Felipe Erazo
News

LHV UK Parent Raises €35 Million as It Seeks UK Banking License

  • The funds will be used to capitalize on the new UK bank.
  • The proceeds were raised with a rights issue.
Tuesday, 07/06/2022 | 08:18 GMT by Arnab Shome
Thought Leaders

Senior Leadership Changes at Fxview Announced for Long-Term Success

  • The management overhaul will help strengthen the company’s diversity at senior levels.
Monday, 06/06/2022 | 07:55 GMT by Fxview
News

TrueLayer Partners with Thunes to Improve Payment Experience

  • Thunes is building a borderless B2B payment infrastructure.
  • The partnership will facilitate consumers across the UK and Europe.
Wednesday, 01/06/2022 | 13:13 GMT by Bilal Jafar
News

Trustly Announces Acquisition of Ecospend

  • Ecospend is an open banking payments platform based in the UK.
  • The financial details of the acquisition were not disclosed.
Tuesday, 31/05/2022 | 11:01 GMT by Bilal Jafar
Executive Moves

Mollie Appoints Klarna’s Koen Köppen as the New CTO

  • The company aims to build a broad range of financial services.
  • Köppen spent more than a decade at Klarna.
Tuesday, 31/05/2022 | 08:38 GMT by Bilal Jafar
News

Dutch Neobank Integrates Sentinels’ RegTech Solution for AML Scaling

  • The neobank wants to increase its compliance needs with the growing customer base.
  • Sentinels uses AI for transaction monitoring.
Monday, 30/05/2022 | 11:05 GMT by Arnab Shome
News

Bloom Raises £300 Million in Series A Investment

  • The funding was led by Credo Capital Partners and funds managed by Fortress Investment Group LLC.
  • The company aims to become the leading capital provider in Europe.
Saturday, 28/05/2022 | 12:01 GMT by Bilal Jafar
News

Klarna’s Workforce Cut: Fintechs Come to the Rescue

  • The Swedish company recently announced that it is planning to cut 10% of its global workforce.
  • Fintech giants like Revolut and Wise said that they are hiring for hundreds of open roles.
Friday, 27/05/2022 | 09:15 GMT by Bilal Jafar
Analysis
Analysis
FinTech
Analysis
Analysis

Buy Now, Pay Later: Is It Another Debt Trap?

  • BNPL industry is projected to grow at 20.7 percent annually.
  • Several BNPL companies are now entering the B2B space as well.
Wednesday, 25/05/2022 | 04:54 GMT by Arnab Shome
News

Stripe Launches Its Own App Marketplace

  • It will include over 50 apps from providers like Dropbox and Mailchimp.
  • Stripe Apps will allow businesses to streamline operations with new integrations.
Wednesday, 25/05/2022 | 01:21 GMT by Felipe Erazo
News

Temenos Releases ESG Investing-as-a-Service Offering

  • The service is offered to banks and wealth managers.
  • It will run through Temenos Banking Cloud.
Tuesday, 24/05/2022 | 21:17 GMT by Felipe Erazo
News

Radial Signs Deal with Adyen to Integrate Payments Solution

  • Radial, Inc. is a bpost group company.
  • The offering will target clients in the US and Canada.
Tuesday, 24/05/2022 | 17:27 GMT by Felipe Erazo
Executive Moves

Xceptor Announces Key Senior Appointments

  • Josh Monroe has joined the firm as Chief Revenue Officer.
  • The company has selected Ludovic Blanquet as Chief Strategy and Transformation Officer.
Tuesday, 24/05/2022 | 09:44 GMT by Bilal Jafar
CryptoCurrency

Blockchain Funding in Africa Beats Others down 11 Times: Report

  • Blockchain firms' funding skyrockets to 1,668% YoY in Q1 of 2022.
  • CV VC's new fund will invest in 100 startups in Africa.
Monday, 23/05/2022 | 19:41 GMT by Solomon Oladipupo
CryptoCurrency

Binance Partners with UK’s Fintech Founders

  • Binance says it is committed to the growth of the blockchain ecosystem.
  • Users can now sell their crypto in exchange for 11 fiat currencies.
Monday, 23/05/2022 | 17:08 GMT by Solomon Oladipupo
News

Xendit Receives $300 Million in Series D Funding

  • The payments platform closed its Series C investment round last year.
  • Xendit aims to increase the use of digital tools in the payment sector.
Monday, 23/05/2022 | 08:53 GMT by Bilal Jafar
Executives

BridgerPay Hires Laoura Salveta to Lead Marketing Team

  • Salveta brings over 20 years of marketing experience to the role.
  • The move precedes BridgerPay's The Future of Payments event.
Friday, 20/05/2022 | 13:59 GMT by Solomon Oladipupo
News

Mastercard Announces Strategic Collaboration with OPay

  • The partnership will facilitate a cashless ecosystem.
  • According to Mastercard, the partnership is an important part of the company’s emerging market strategy.
Friday, 20/05/2022 | 10:34 GMT by Bilal Jafar
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