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TransUnion’s business solutions are getting a fresh start this week with a new look. The global information and insights company has rebranded its lines of business solutions in the U.S., organizing them into seven different categories. “TransUnion’s rebrand clarifies our product offerings and better demonstrates our expertise in both our heritage and new markets, while also Read more…
Due to the success of the first Banking Tech Awards USA held in May last year, the awards will be returning for 2023! The Banking Tech Awards USA are brought to you by FinTech Futures, the global intelligence platform for financial services technology. Nominations for the 2023 awards are now open – the extended deadline Read more…
Payoneer received its e-money license from the U.K. Financial Conduct Authority. The license will enable the digital commerce company to continue serving its U.K.-based customers. Having earned the license, Payoneer now plans to grow its footprint in the U.K. region. Global digital commerce company Payoneer received its e-money license from the U.K. Financial Conduct Authority Read more…
QUODD has agreed to acquire fellow market data company Xignite. Combined, the two companies will serve more than 2,200 firms, ranging from large banks and wealth management platforms to smaller digital investment tools. Financial terms of the deal were undisclosed. Two market data firms are combining this week, as QUODD Financial Information Services acquires Xignite. Read more…
PhonePe raised $100 million in funding from Ribbit Capital, Tiger Global, and TVS Capital Funds, bringing its total funding to $2.2 billion. The investment values the company at $12 billion. PhonePe will use the funds to scale its existing payments and insurance businesses and to enter new financial services sub-sectors. Digital money app PhonePe just Read more…
FIS is letting go of its Merchant Solutions business, along with the Worldpay brand, which it originally acquired for $34 billion in 2019. The company states that Worldpay needs a different capital allocation strategy to enable the brand “to pursue more aggressive investment opportunities, including M&A.” The spin-off is expected to take 12 months. FIS Read more…
Paytech HUMBL unveiled its new mobile wallet this week. The new offering enables users to buy, sell, and hold digital assets, and includes a search engine and a social media platform. Currently available for Apple users, an Android version of the wallet is expected “soon.” California-based paytech HUMBL is the latest company to launch a Read more…
Wirex deepened its partnership with Visa. The new agreement enables Wirex to issue its crypto debit and prepaid cards to more than 40 countries. The company is working on finalizing another partnership that will facilitate card issuance in Australia. Cryptocurrency payments company Wirex unveiled a strategic partnership with Visa this week. The agreement makes Wirex Read more…
Cross-border payments company Tazapay raised $16.9 million in Series A funding. The investment, which brings the company’s total funding to $21.9 million, was led by Sequoia Capital Southeast Asia. Tazapay processes “hundreds of millions” of dollars each year in card and local, real-time payment methods. Singapore-based cross-border payments company Tazapay closed $16.9 million in Series Read more…
Bitcoin While Black: The impact of the cryptocurrency crisis on communities of color One of the relatively underreported stories of 2022 – at least in the fintech press – was the impact of the cryptocurrency crisis on communities of color – especially African-American communities. At first glance, this might appear to be an odd take: Read more…
Canoe received $25 million for its alternative investment intelligence platform. The Series B round was led by F-Prime Capital with participation from Eight Roads Ventures and others. Canoe will use the funds to hire new employees, enhance its products, and expand into Europe. Alternative investment intelligence company Canoe Intelligence closed out its Series B round today, announcing a Read more…
Investing and savings platform Stash introduced new CEO Liza Landsman. Landsman will take the helm from co-founder Brandon Krieg, who will transition into the role of Head of Business Development. Stash made its Finovate debut at FinovateFall 2017 in New York. Investing and savings platform Stash is starting the month with a brand new Chief Read more…