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In a Series D round led by existing investor Coatue Management, Indian financial services company BharatPe has secured $108 million in new funding. The investment, which also included participation from all of the firm’s current institutional investors, boosts the company’s total to $268 million and gives BharatPe a valuation of $900 million. The company highlighted Read more…
It may not be the return of Black Wall Street. But from veteran bankers leading their institutions into the digital future to celebrities and athletes, who are leveraging their fame to encourage African Americans to take advantage of digital financial tools, the challenger banking revolution that is sweeping the globe is also creating new opportunities Read more…
Klarna is taking its Buy Now, Pay Later (BNPL) platform to a logical next step. The Sweden-based company announced today it will launch a bank account offering in Germany. This move makes Klarna the first BNPL firm to make such a move. The company will now compete with the growing roster of digital banks in Read more…
A just-announced partnership between two Finovate alums – Mambu and Signicat – will bring digitized identity management services to banks, fintechs, and financial service providers across Europe. The collaboration between the SaaS banking platform and the digital identity company is designed to help institutions in the region leverage innovations in identity management to boost customer Read more…
Consult Hyperion’s Global Ambassador – and frequent Finovate keynote speaker – David Birch is bringing his diplomatic talents to Digital Jersey, where he has been named the Fintech Ambassador for the island-based technology hub. “I’m delighted to take on this role with Digital Jersey,” Birch said in a statement. “After visiting the island many times Read more…
Though we’re only four weeks into it, 2021 has been a big year for cryptocurrency. While there has been a multitude of news items in the crypto space, there are a handful of items worth highlighting. Though much of the cryptocurrency news cycle is often quite hyped, it’s important for the traditional financial sector to Read more…
Cross-border payments expert Payoneer is the latest fintech to go public via SPAC merger. The New York-based company has agreed to merge with FTAC Olympus Acquisition Corp. The transaction is expected to close during the first half of this year. Once the reorganization is complete, the newly created holding company will be renamed Payoneer Global Read more…
Wealth solutions platform InvestCloud announced it is now valued at $1 billion, making it a new fintech unicorn. The new valuation comes after the fintech restructured its debt and equity in a recapitalization. “At a valuation of $1 billion, we can reward early investors in the business, while injecting new capital to fuel the next Read more…
For those still waiting for greater institutional endorsement of digital assets, the news that Visa will enable cryptocurrency trading on its network should come as a welcome sign. Visa CEO and chairman Alfred Kelly announced the plan in an earnings call last week. Kelly noted that not only would Visa allow buying and selling of Read more…
PCI-DSS innovator PayShield announced a partnership with Visa’s Verifi, a chargeback protection suite solutions provider this week. PayShield selected Verifi to bolster its Express Resolve chargeback prevention solution in the Asia Pacific (APAC) region. Australia-based PayShield is leveraging Verifi’s dispute management tools that offer pre-dispute management solutions for chargebacks. Specifically, Verifi offers a three-pronged approach, Read more…
Cardtronics found itself at the center of a bidding war this past month, with NCR Corporation submitting the winning bid this week. This comes after investment firms Apollo Global Management and Hudson Executive Capital initially agreed to buy the ATM operator last month. NCR agreed to a $2.5 billion deal, agreeing to purchase Cardtronics for Read more…
There’s not much room in 2021 for 2020-style pessimism. Sure, if you look, you can find plenty of things to be negative about so far this year. However, one aspect of 2021 that’s giving fintechs hope is the recent uptick in valuations across the fintech sector. Despite last year’s global events, many fintechs received valuations Read more…