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Interested in activism that’s truly “global” in its appeal? Then the news that Meniga has partnered with Íslandsbanki, one of the largest banks in Iceland, to launch its new green banking solution, Carbon Insight, should be music to your ears. “With more and more people around the world growing anxious about the consequences of climate Read more…
With Black History Month drawing to a close and Women’s History Month just underway, now is an excellent opportunity to look at some of the ways that fintechs and financial services companies are responding to the needs of women- and ethnic minority-owned small businesses and their employees. This is a story about how three companies Read more…
Subscription management startup Subaio landed $5.9 million (€4 million) this week. The investment comes from newly established venture firm, Global PayTech Ventures, which ex-Mastercard President Javier Perez launched after stepping down from Mastercard at the start of this year. Founded in 2016, Subaio has received two previous funding rounds. The first came from Nordea in Read more…
While 2020 made its mark on the financial industry by causing tremendous disruption, 2021 is shaping up to be a year remembered for transformation and adaptation.
After piloting the product last year, Citibank Hong Kong formally unveiled Citi Plus, its mobile-first bank designed for digital natives. The new offering aims to help users “level up” their banking experience by providing financial education, personalized wealth management tips, and easy access to a range of investment products. “Citibank Hong Kong has shown strong Read more…
In a round co-led by Abdiel Capital and Tiger Global, low code application development platform OutSystems has raised $150 million in new capital. The funding gives the company a valuation of $9.5 billion, and will help fuel investment in its R&D and go-to-market strategies. In a statement, OutSystems CEO and founder Paulo Rosado highlighted the Read more…
One of the major players in the Buy Now, Pay Later (BNPL) game, Sezzle, is teaming up with Discover this week. Through the partnership, Sezzle will work with select players on Discover’s network to provide their customers with additional payment options. The merchants will be able to use Sezzle’s interest-free, BNPL payment technology to process Read more…
Cryptocurrency wallet provider Blockchain.com has picked up $120 million in funding. The Series A round featured participation from a sizable number of investors, including Access Industries, Lightspeed Venture Partners, and GV (Google Ventures) – among others. Blockchain.com’s total capital now stands at $190 million, and gives the London, U.K.-based firm a valuation of $3 billion. Read more…
By now you’ve likely heard of Central Bank Digital Currencies (CBDCs). With consumers’ lives taking place increasingly online and the recent boost in cryptocurrency usage and value, much of the global economy is ready to move from discussing CBDCs to formally implementing a CBDC strategy. But though there has been some progress in this area, Read more…
Australia-based financial comparison website Mozo has agreed to be acquired by British Media company Future PLC. Future anticipates the purchase will fuel its global growth by creating a new revenue stream, adding a new financial services content arm in Australia, and growing Mozo’s market share. Founded in 2008, Mozo is a B2C site that helps Read more…
With new vaccines helping stoke confidence in a post-COVID summer, if not spring, what has the pandemic – and the work-from-anywhere movement it accelerated – revealed about the security of our increasingly digital world? We caught up with Christina Luttrell, who took over the top spot as CEO of IDology last fall, to discuss the Read more…
In a round led by Warburg Pincus, data-driven personalization and customer engagement solution provider Personetics has raised $75 million in new funding. The round brings the company’s total funding to $93 million. “The financial services industry is reaching a tipping point in mobile adoption and setting a new standard in Smart Personalized Engagement,” Personetics CEO Read more…