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In the latest fintech tie-up, Paysafe has acquired SafetyPay. The all-cash transaction marks Paysafe’s 13th acquisition and is expected to close for $441 million in the fourth quarter of this year. Paysafe aims to leverage Florida-based SafetyPay, which has locations in 16 countries– 11 of which are located in Latin America– to boost its own Read more…
Our Women in Fintech Series continues with an interview featuring Pauline Roteta, Co-Founder & CEO of Pasito. We spoke with Pauline to discuss the importance of DEI in current fintech trends, the benefits of finding one’s community, and her journey to founding Pasito.
Financial planning software company RightCapital unveiled new dynamic retirement spending strategies on its platform this week. The new offering gives investors the ability to better plan their finances once their working days are done. “The industry has been using a rather simple retirement expense approach in the financial planning process for many years,” RightCapital CEO Read more…
London-based financial services technology provider FintechOS secured $10 million in funding from the IFC, a member of the World Bank Group. The investment is part of the company’s $60 million Series B round, announced in April, and will support FintechOS’ goals of promoting financial inclusion by helping FIs expand access to financial services to un- Read more…
Fintech companies from Chile made headlines this week, taking their rightful place alongside the innovators in neighboring countries like Brazil, Colombia, and Mexico, which have tended to dominate conversations about the surge in financial technology in Latin America in recent years. Xepelin, a Chilean company that offers a financial services platform designed especially for small Read more…
From the partnership between Best of Show winners MX and Dwolla that will enhance and automate account verification to the news of a strategic partnership between roboadvisor Bambu and Moven, collaborations between Finovate alums are filling the fintech headlines to start the week. With MX and Dwolla, the partnership extends instant account verification coverage to Read more…
In a round led by new investor NewView Capital, blockchain-based commercial payments innovator Paystand has raised $50 million in funding. The company leverages the cloud and the Ethereum blockchain to power its Paystand Bank Network, a no-fee, digital B2B payment system used by more than 250,000 companies to make payments. “With this new funding, Paystand Read more…
Two of their respective regions’ most powerful economies are moving closer to the issuance of Central Bank Digital Currencies or CBDCs. In India, Reserve Bank of India deputy governor Shri T. Rabi Sanker said that the bank is working toward a “phased implementation strategy” that would further the country’s multi-year effort to transition its citizens Read more…
Global payments platform Currencycloud is the latest fintech to catch the eye of Visa, which announced this week that it has agreed to acquire the London-based fintech in a deal that values the company at $963 million (GBP 700 million). The acquisition announcement noted that the pact builds on a partnership that extends back to 2019 and bolsters Visa’s foreign Read more…
Mortgagetech innovator Blend is the latest fintech to go public. The company, which unveiled its “data-driven mortgage” solution in its Finovate debut five years ago, made its debut as a publicly traded company on the New York Stock Exchange last week under the ticker BLND. Blend raised $360 million in the IPO, earning a valuation Read more…
Financial superapp Revolut secured $800 million in funding this week. Softbank Vision Fund 2 and Tiger Global were the investors in the Series E round, which gave the London-based fintech a valuation of $33 billion. Both Softbank Vision Fund 2 and Tiger Global are new investors to the company. Company founder and CEO Nikolay Storonsky Read more…
Days after Bloomberg News reported that Apple will add Buy Now Pay Later (BNPL) functionality to Apple Pay, we learn that Buy Now Pay Later “OG” Sezzle has received an investment of $30 million from Discover. And not only will Discover make a financial commitment to the company, which most recently demonstrated its technology on Read more…