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Europe's Economic Crossroads: Recession Fears and S&P Global's
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FinTech
Ripple Dedicates $100m to Carbon Removal, Climate Fintech Companies
2022-05-19T17:58:55.569+02:00
The fund will support innovation on the XRP Ledger.
The ultimate goal is to limit the rise of global temperature to 1.5°C.
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Nium Expands Payment Services in Malaysia
2022-05-19T11:13:08.949+02:00
The real-time payments services are now available in the region.
In 2021, Malaysia recorded 1.1 billion real-time payment transactions.
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FINBOURNE Technology Picks Robert Byrne as CTO
2022-05-19T09:51:03.292+02:00
Byrne previously worked with RBS and UBS Delta.
The fintech company is planning to expand its presence in North America.
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Israeli Firms Max and BOG to Launch Card That Offers Bitcoin Cashbacks
2022-05-18T19:11:37.222+02:00
MaxBack Crypto Card is to be launched in the coming weeks.
Companies say the new move is to connect Israelis to the world of digital currencies.
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CryptoCurrency
South African Firm Introduces XUS Stablecoin
2022-05-18T15:29:31.726+02:00
Xago supports USD and USDC payments.
Firm targeting low-cost international payments for Africans.
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Deutsche Bank Announces Collaboration with FinLync
2022-05-18T11:19:47.973+02:00
The partnership will facilitate corporates through instant access to real-time treasury.
FinLync is a global financial technology company.
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Temenos Announces the Official Launch of CEO Navigator
2022-05-18T03:17:00.000+02:00
The brand-new service offers insights from over 100 banks.
CEO Navigator is a subscription-based customer value benchmarking and advisory service.
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Equinix and Colt Extend Collaboration to Facilitate Digital Transformation in France
2022-05-17T16:38:25.970+02:00
Enterprise customers will take advantage of the recent partnership extension.
Both companies first announced their collaboration in 2017.
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News
RockFlow Secures $10 Million in Angel Round Funding
2022-05-17T09:10:44.554+02:00
RockFlow has raised the funds from BlueRun Ventures and other VC firms.
The company aims to create a one-stop investment platform.
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Delta Payment Solutions Picks Stacey Wiles as New CEO
2022-05-14T11:07:42.225+02:00
She will succeed Irwin Grossman.
Stacey is a prominent business leader with nearly two decades of experience.
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Franklin Resources and Motive Partners Join TIFIN’s $109 Million Funding Round
2022-05-13T09:39:05.224+02:00
The Series D round increases the valuation of TIFIN to $842 million.
The capital will support TIFIN’s growth plans.
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Payments
Ebury Acquires Bexs to Expand Global Payments Offering
2022-05-12T09:27:44.643+02:00
The move will enhance Ebury’s presence in Brazil.
The acquisition is subject to regulatory approval.
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News
Flywire’s Revenue Jump 43% YoY in Q1 2022
2022-05-11T08:26:16.495+02:00
The total payment volume during the first quarter climbed 46%.
However, the company posted a net loss of $10.1 million in the recent quarter.
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Flagstone Gets Regulatory Approval from JFSC
2022-05-10T12:57:25.309+02:00
The company aims to expand its international presence.
Andrew Thatcher has become the CEO of Flagstone International.
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Atom Finance Releases Embedded Stock and Crypto Intelligence Platform
2022-05-09T21:43:00.000+02:00
The platform features APIs, WebSockets and embeddable UIs.
Fintechs can deliver features as a service using Atom.
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FinTech
Galaxy Digital Sees $111.7m Net Loss as Digital Asset Price Falls during Q1
2022-05-09T17:23:47.782+02:00
The loss contrasts against last year's $858.2m gain.
Crypto total market cap fell by 7% during Q1.
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Tiger Global Leads Kard’s $23 Million Funding Round
2022-05-07T12:21:30.238+02:00
The company aims to expand its merchant network and product suite.
Fin Capital also participated in the investment round.
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Neo Financial Raises $185 Million in Funding
2022-05-07T08:56:32.174+02:00
The fintech company has received a valuation of more than $1 billion.
Neo’s total funding now stands at around $299 million.
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Deko Names Melanie Vala as New Chief Commercial Officer
2022-05-06T13:30:32.424+02:00
Vala joins Deko from Splitit.
She will accelerate the growth and awareness of Deko’s flexible solutions.
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Kevin Secures $65 Million in Series A Funding
2022-05-06T11:08:16.473+02:00
The payments startup aims to enhance its operations.
The investment round was led by Accel.
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News
Block Generates Gross Profit of $1.29 Billion in Q1 2022
2022-05-06T08:44:57.322+02:00
The total net revenue decreased 22% YoY in the first quarter.
Cash App generated $2.46 billion worth of revenue.
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Fiserv to Support Businesses through BNPL Enablement
2022-05-05T07:49:20.392+02:00
The company aims to simplify the way businesses enable Buy Now Pay Later.
To achieve its mission, Fiserv has announced a new partnership with Affirm.
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Open Hits $1 Billion Valuation, Joins India’s Unicorn Club
2022-05-04T08:38:58.103+02:00
The neo bank has reportedly secured $50 million in its Series D funding.
The investment round was led by IIFL.
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Truist Completes Acquisition of Mobile App Long Game
2022-05-03T23:19:00.000+02:00
Truist Ventures is the corporate venture capital division of Truist Financial Corporation.
The team will be based in San Francisco, California.
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Equinix Acquires Data Centers in Chile and Peru
2022-05-03T19:24:00.000+02:00
Chile has the fourth-largest economy in South America.
In Peru, the data center covers approximately 16,000 square feet.
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