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Pre-digital P2P payments and remittance player MoneyGram made a strategic investment in cryptocurrency cash exchange company Coinme this week. The amount of MoneyGram’s strategic investment in Coinme was undisclosed, but it gives the firm a 4% stake in the Seattle-based company. As a result, MoneyGram now holds direct ownership in Coinme. “At MoneyGram, we continue Read more…
Last November, I chatted with Siri Børsum, Global VP of Finance Vertical Eco-Development and Partnerships at Huawei, as part of our Women in Fintech series. At Huawei, Børsum is responsible for building a team that ensures Huawei has all of the financial apps for their mobile ecosystem. Børsum, who recently entered into the fintech industry, Read more…
Will 2022 be the year that CBDCs – central bank digital currencies – finally emerge from concept to solution? One of the countries that has been most aggressive in developing these digital assets – China – announced this week that it has launched its digital yuan wallet in both the Android and iOS app stores. Read more…
Decentralized credit platform Credix landed $2.5 million in early stage seed funding this week. The Belgium-based company will use the fresh capital to speed up the release of its alpha version and launch its protocol on the Solana mainnet. DRW Cumberland and ParaFi Capital led the round. The Transfero Swiss BRZ Solana Ecosystem Fund, Solana Read more…
Norway-based biometric startup Mobai won $3.16 million (EUR 2.8 million) in funding to enhance the protection of personal biometric data in coalition with Vipps BankID, Sparebank1 Østlandet, KU Leuven, and NTNU. The project, named SALT for “Secure privacy preserving Authentication using faciaL biometrics to proTect your identity,” will bring new functionalities to Mobai’s facial recognition Read more…
With the new year just two weeks away, it’s a good time to reflect. We spoke with Justin Passalaqua, Chief Market Officer of North America for Worldline, on what he has seen in the payments space this year and the payments trends he anticipates taking over in 2022. Were there any payments trends that emerged this Read more…
One month after introducing its next generation development application platform, OutSystems has announced that it is entering a strategic partnership with fellow Finovate alum ieDigital. The alliance will enable ieDigital’s financial services company partners – ranging from bank to mortgage lenders – to access a suite of pre-built, low-code applications that support a variety of Read more…
The announcement that global identity verification specialist Trulioo has signed up a sextet of cryptocurrency companies as its latest round of customers is a testament to the growing maturity of startups in the digital asset business. The six firms – Centbee, GMO Trust, Omni Matrix, Skilling, Strike Protocols, and Vintech Capital – will use Trulioo’s Read more…
Supply chain finance company Tradeshift has raised more than $200 million in combined equity and debt funding. The San Francisco, California-based firm, which made its Finovate debut in 2012 at FinovateEurope, now has an estimated valuation of $2 billion according to Reuters. Tradeshift CEO and founder Christian Lanng, who did not confirm the valuation with Read more…
Earlier this week we shared our conversation with IDology CEO Christina Luttrell on the challenges and opportunities in the digital identity verification space. This fall, IDology was honored at the 2021 Finovate Awards, winning recognition as “Best Identity Management Solution.” A few weeks later, IDology released its 4th Annual Consumer Digital Identity Study. Surveying nearly Read more…
Modern SaaS banking platform Mambu has secured an investment of $266 million (€235 million) in a Series E round led by EQT Growth. The funding, the largest to date for a banking software platform according to Mambu, gives the Berlin, Germany-based company a valuation of $5.5 billion (€4.9 billion). “This latest round of funding will Read more…
A $60 million investment will enable digital asset compliance and risk management platform TRM Labs to help organizations and institutions better identify cryptocurrency-based financial crime. “Crypto is moving faster than any sector in our lifetimes,” TRM Labs CEO Estaban Castaño said. “Organizations need a blockchain intelligence partner that can stay ahead of the evolving risk Read more…