Ethoca and ChargebackZero Team Up to Help Merchants Minimize Chargebacks

By David Penn Posted on

Ethoca announced a partnership with India’s ChargebackZero to help merchants eliminate chargebacks. The collaboration will integrate Ethoca’s chargeback alert technology into ChargebackZero’s Intelligent Dispute Prevention & Management Solution (iDPMS). Ethoca made its Finovate debut in 2015 at FinovateFall. The company was acquired by Mastercard in 2019 for an undisclosed sum. Ecommerce fraud and chargeback prevention Read more…

Finovate Global Hong Kong: Chekk Brings Digital Identity Tech to Bain Capital – and Raises Capital of its Own

By David Penn Posted on

It’s been nearly five years since Hong Kong-based Chekk made its Finovate debut at FinovateAsia. The company, co-founded by CEO Pascal Nizri, is a B2B2C digital identity ecosystem that shifts ownership of personal data from businesses to individuals as part of its strategy to provide better, more seamless identity verification services. “We all know how Read more…

Currencycloud and Future FinTech Labs Team Up to Launch Remittance App Tempo

By David Penn Posted on

Currencycloud teamed up with Future FinTech Labs (FTFT Labs) to help the New York City-based fintech launch its Tempo app. Tempo is designed to make it easier, more secure and more effective for U.S. immigrants to send money overseas. Acquired by Visa in 2021, Currencycloud has processed more than $100 billion in cross-border money transfers Read more…

Finovate Global Latin America: Geopagos Raises $35 Million; Paystand Acquires Mexico’s Yaydoo

By David Penn Posted on

Active in 15 countries in Latin America, payments infrastructure provider Geopagos has secured an investment of $35 million. The equity funding round was led by Riverwood Capital and featured participation from Endeavor Catalyst. The sum represents the company’s first institutional financing and will be used to fuel the development of new embedded payments solutions and Read more…

Matching Passions and Maximizing Engagement with Pinkaloo’s Modern Giving Technology

By David Penn Posted on

Last week, we looked at Finovate alums that are leveraging their technologies to help employers help their employees achieve financial wellness and greater financial inclusion. Today we are highlighting a Finovate alum – and Best of Show winner – that is using its innovation to facilitate charitable giving in the workplace. Founded in 2017 and Read more…

Finovate Global Germany: Ecolytiq Partners with Tatra Banka; Airbank Inks Deal with Klarna Kosma

By David Penn Posted on

This week’s edition of Finovate Global takes a look at recent fintech developments in Germany where green banking, embedded finance, and open banking are the themes at the top of this week’s fintech headlines. First up, Berlin-based Sustainability-as-a-Service innovator ecolytiq announced that it was teaming up with Slovakian financial institution Tatra Banka. The climate engagement Read more…

Finovate Global U.K. Edition: Dynamic Planner Secures Investment from FPE Capital; Starling Bank Reaches Profitability

By David Penn Posted on

Dynamic Planner, a risk-based financial planning firn based in the U.K., has secured what the company is calling a “significant investment” from private equity growth firm FPE Capital. Terms of the investment were not disclosed, but the additional funding is designed to help accelerate Dynamic Planner’s expansion plans in the U.K. and Europe. Dynamic Planner Read more…

MoEngage Leverages Personalization to Solve the Engagement Challenge for Brands

By David Penn Posted on

Insights-led customer engagement platform MoEngage made its Finovate debut at FinovateFall 2019 in New York. Three years later, the company returned to the Finovate stage for FinovateEurope 2022 in London. At this year’s conference, MoEngage demonstrated its full-stack solution featuring customer analytics, automated cross-channel engagement, and AI-driven personalization. “71% of banking customers expect to receive Read more…

Singapore’s TurnKey Lender Raises $10 Million in New Equity and Debt Funding

By David Penn Posted on

Lending automation platform and decision management solution and services provider TurnKey Lender has secured $10 million in new funding. The amount raised represents a blend of both equity financing and debt. Led by OTB Ventures, the round featured participation from German development finance institution DEG and Vertex Ventures. TurnKey Lender will use the additional capital Read more…

Backbase Supports Fintech Innovation in Bahrain; Compass Plus Boosts Digital Payments in Nigeria

By David Penn Posted on

This week’s edition of Finovate Global takes a look at two Finovate alums that are helping support fintech innovation in the Middle East and Africa. First up is engagement banking platform provider Backbase. The four-time Finovate Best of Show award-winning company announced this week that it has forged a new partnership with Bahrain FinTech Bay Read more…

Indonesian Fintech Flip Raises $55 Million; Visa Launches Crypto-Back Cards in LATAM

By David Penn Posted on

Courtesy of Tencent, Block (formerly known as Square), and existing investor Insight Partners, Indonesian consumer payments platform Flip has secured a $55 million addition to its Series B round. Also involved in the funding were a handful of individual investors including Checkout.com CEO Guillaume Pousaz, DoorDash executive Gokul Rajaram, and former Venmo COO Michael Vaughan. Read more…

Mexican Digital Bank Klar Raises $70 Million in Equity Funding; Argentina’s Ualá Earns Approval to Acquire Wilobank

By David Penn Posted on

Klar, arguably the largest digital bank in Mexico, secured $70 million in equity funding this week. The investment – led by existing investor General Atlantic and featuring participation from Prosus Ventures, Quona Capital, Mouro, IFC, Acrew, and Endeavor Catalyst – gives the company a valuation of $500 million. Klar has raised more than $150 million Read more…