Finovate is part of the Informa Connect Division of Informa PLC
This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
ICICI Bank is integrating ZestMoney’s EMI (Equated Monthly Installments) BNPL network into its Cardless EMI product. Customers can use ZestMoney’s BNPL capabilities to make purchases of up to $12,900 (Rs. 10 lakh). This BNPL tool is currently live for ICICI clients making purchases online and will be available at physical retail locations “soon.” Another day, Read more…
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…
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’s more to fintech innovation in Mexico than remittances. But this week’s fintech headlines from America’s nearest neighbor to the south have reminded of the major role that money transfer services play in the financial services landscape of nations like Mexico. Late this week, Western Union announced that it was teaming up with Pagaphone SmartPay Read more…
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…
This week on Finovate Global we’re highlighting some of the fintech news from Germany. Scalable Capital, a digital investment platform based in Germany, announced the launch of its neo-broker and new cryptocurrency offering Scalable Crypto in the Italian market. The new solution, introduced in December, will enable Italian investors to buy stock, exchange-traded funds (ETFs), Read more…
Solarisbank Launches Women’s Network to Fight Fintech’s Gender Gap As part of an effort to close the gender gap in the fintech industry, Berlin, Germany-based banking-as-a-service platform Solarisbank has launched a new “women’s network” called Futura. Part of the company’s holistic Nature, People, Business (NPB) framework, Futura is currently organizing events such as discussion panels Read more…
While 2021 was a record year for fintech merger and acquisition (M&A) activity, 2022 is off to a great start. According to FT Partners, there were 1,485 M&A deals in the fintech space totaling $348.5 billion in 2021. As Square’s $29 billion takeover of Afterpay demonstrated, last year’s massive volume is partially thanks to multiple Read more…
One of the many fascinating conversations I enjoyed at FinovateEurope last week was my chat with Trulioo Chief Technology Officer Hal Lonas. Among the topics we discussed was the way evolving regulations were impacting the business of keeping financial services companies compliant with regard to KYC and AML requirements. This week we learned that the Read more…
Earned wage access (EWA) has seen rising popularity in the past couple of years. These tools, which help businesses send their employees wages as they earn them, instead of on a bi-weekly basis, benefit both businesses and their employees. In today’s era of the Great Resignation, businesses across all sectors are struggling with employee retention. Read more…
As more and more fintechs add their support to the people of Ukraine and create new pathways for individuals and organizations to contribute financially, the Ukrainian government has had to adapt in order to make some of these contributions not just possible, but legal. This week, Ukrainian president Volodymyr Zelenskyy, signed month-old legislation to provide Read more…
Sales engagement platform Vymo has raised $22 million in Series C funding. The investment round was led by Bertelsmann India Investments, and featured participation from existing investors Emergence Capital and Sequoia Capital. The funding comes after a year in which the San Francisco, California-based company recorded quarterly growth of more than 20% and 142% net Read more…