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European investment and savings platform Trade Republic has topped up its 2021 Series C round with an investment of €250 million led by the Ontario Teacher’s Pension Plan. The funding gives Trade Republic a valuation of more than $5 billion (€5 billion), and will enable the company to “double down” on its product. “We are Read more…
The fintech industry talks a lot about bank-fintech and fintech-bank relationships. Everyone in this industry will proudly declare how essential these partnerships are for everyone in the value chain. However, the recent introduction of crypto and decentralized finance (DeFi) is complicating things. How can a traditional financial (TradFi*) institution like a bank align itself with Read more…
Bruised but not broken, the cryptocurrency market has taken more than a few blows as the prices of leading digital assets – from Bitcoin to Ethereum – have declined significantly in recent months. This may have taken some of the steam out of many cryptocurrency ventures. But there is no sign that interest in cryptocurrencies Read more…
Blockchain-driven financial platform BlockFi has partnered with purchase-based intelligence firm Cardlytics to launch BlockFi Offers. The new rewards program will enable BlockFi cardholders to earn up to 10% crypto back on select purchases. BlockFi Offers rewards can be accrued on top of BlockFi’s existing 1.5% crypto back on all purchases. Earning crypto is about to Read more…
If you measure the beginning of fintech as 1886, the industry has had a very long time to get things right. Even if you consider 2007 as the birth of fintech, we have still had 15 years to deliver on the promises of improving and automating banking and finance. In a panel at FinovateEurope titled, Read more…
A $50 million investment will help Egyptian digital payments company Paymob expand into new markets in both the Middle East and Africa. The round was led by Kora Capital, PayPal Ventures, and Clay Point, and represents the largest ever Series B round in Egyptian fintech history. “Central Bank of Egypt initiatives that are continuously being Read more…
There have been plenty of discussions surrounding fintech valuations this year. Rumors of a bubble have plagued fintech for a few years, and high valuations combined with seemingly endless funding rounds have analysts raising their eyebrows. We spoke with CMFG Director of Discovery Fund Elizabeth McCluskey to get her take on fintech investment, M&A activity, Read more…
FIS has partnered with Treasury Prime to launch a new embedded finance offering. The new solution will give FIS’ banking customers additional options for managing deposits, AP, and other critical bank processes. The collaboration with Treasury Prime is FIS’ second big embedded finance play of the year, having acquired embedded finance solution provider Payrix in Read more…
Banco Santander is launching a new tool to help retail customers track the carbon footprints of their transactions. The bank is partnering with ClimateTrade and the Mastercard donation platform to enable users to offset their impact. The app is currently available to customers in Spain and will soon go live in Poland, Portugal, and the Read more…
Cryptocurrency accounting firm Tactic raised $2.6 million in funding. Leading the investment round were Founders Fund and finance automation company Ramp. The new capital will help the company add talent and continue to build out its platform. With more and more companies seeking to diversify their finances with cryptocurrencies, a new U.S.-based startup has arrived Read more…
If the boom and accompanying volatility in cryptocurrencies and NFTs leaves you uncertain, and if you’re not sure yet what to make of the metaverse, there’s a good way to separate hype from reality: follow the money.
This week on Finovate Global we’re taking a look at some recent fintech developments in Canada. On the fundraising front, embedded wealth management platform OneVest announced a $3.9 million (CAD $5 million) seed funding round this week. The investment was led by Luge Capital and takes the Canadian fintech’s total funding to $5.5 million (CAD Read more…