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Float, a Canada-based startup that offers a corporate card and spend management solution, landed $30 million (C$37 million) in funding this week. The Series A round was led by Tiger Global and brings the company’s total funding to $34 million (C$42 million). The funding will help Float with its mission to deliver an end-to-end spend management Read more…
Mexico-based Stori landed $200 million this week in combined debt and equity. The investment, which bring the company’s total funding to almost $250 million, will help the fintech provide financial services to its region’s underserved customers. The $125 million in equity was co-led by GGV Capital and GIC with contributions from General Catalyst, Goodwater Capital, Read more…
Wealthtech company Atomic announced its company launch along with a $25 million in a Series A funding round today. The round, which was co-led by QED Investors and Anthemis with participation from Softbank and Y Combinator, will help fuel the company’s investing API that allows fintechs and banks to integrate investing into their existing products. Read more…
Join the upcoming #FinovateWebinar with Celent, and Quadient, as they analyze new research results, uncover critical gaps in the customer experience, and recommend practical steps to join digital transformation with longer term sustainable cost savings.
Digital identity verification and fraud solution provider Socure has scored $450 million in what the company called a “significantly oversubscribed” Series E funding round. The investment comes just seven months after the company’s $100 million Series D round, and boosts Socure’s valuation to $4.5 billion. “With this additional capital, we will substantially increase our level Read more…
PayPal announced this week it is partnering with online retail giant Amazon. Under the agreement, PayPal’s Venmo will be listed as a payment option for U.S. Amazon shoppers online and in the Amazon mobile app. Venmo’s 80 million users will have the option to pay with their Venmo balance or their Venmo-linked bank account. Venmo Read more…
What are the latest signs that fintech is leaning in to support the cause of sustainability? I’ve always been struck by the lack of optimism in response to the challenge of climate change. One of the Champagne Executive Boardroom sessions at FinovateFall in September discussed the way that financial services companies and fintechs were responding Read more…
In a round led by Warburg Pincus, Insight Partners, and Bow Wave Capital Management, Philippines-based mobile payment company Mynt has secured $300 million in new funding. The investment, which also featured participation from Itai Tsiddon, Amplo Ventures, Globe Telecom, and Ayala Corporation, gives Mynt a valuation of more than $2 billion and solidifying the company’s Read more…
Announced earlier this year, the merger between cross-border payments marketplace CurrencyFair and payment workflow automation platform Assembly Payments has secured regulatory approval. The merged company has also rebranded as Zai as part of a new focus on providing a wider set of integrated financial services to mid-market businesses and enterprise-level customers within and beyond the Read more…
The concept of Central Bank Digital Currencies (CBDCs) is already familiar to most in the banking and fintech industry. However, the idea that the U.S. will have a functioning CBDC of its own in the near future still seems far-fetched. PwC’s CBDC global index ranks the U.S. 18th in the globe when it comes to Read more…
From a collaboration with Visa to a partnership with Q2, new Finovate alum Veem, which made its Finovate debut last September at FinovateFall, continues to offer the kind of solutions to help make business payments easy, efficient, and affordable. In fact, within one month of the company’s first-ever demo on the Finovate stage – a Read more…
This week marks the beginning of Phase 3 of Brazil’s embrace of open banking. Phase 3 is the second-to-last stage of the implementation plan set out by the Brazilian Central Bank. According to reports, Phase 3 arrives about one month late – the original date was September 30th – but the changes that the newest Read more…