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Finovate Best of Show winner Zeta announced a new partnership with Mastercard. The five-year collaboration included an investment of $30 million from Mastercard and other investors. The funding gives Zeta a valuation of $1.5 billion. Zeta, which won Best of Show in its Finovate debut at FinovateWest Digital 2020, has announced a five-year global partnership Read more…
While much of the financial world is united in its efforts to distance itself from Russia as the country’s leader, Vladimir Putin, orders his forces continue their invasion of neighboring Ukraine, many of those in the cryptocurrency world are decidedly more ambivalent. Is this a function of the underlying libertarian spirit that powers much of Read more…
From the very first FinovateEurope, women have led and helped lead live demonstrations of how companies were using new technologies to tackle the financial challenges faced by businesses, families, and communities. As part of that inaugural event in 2012, women from Cardlytics, ETRONIKA, Figlo, Ixaris Systems, Kabbage, Liqpay, Mootwin, Striata, and ValidSoft were on stage Read more…
A look at the companies demoing at FinovateEurope on March 22 and 23, 2022 in London. Register today and save your spot. Partner HUB Ltd’s Invoice2RTP is a product that enables banks to painlessly onboard their corporate customers into the request-to-pay service using structured invoice data. Features Easy integration of corporate ERPs for onboarding into the request-to-pay Read more…
Historic news out of the Middle East leads off our international fintech coverage this week on Finovate Global. Israel’s AI-powered transaction monitoring innovator ThetaRay has been selected by the UAE’s Mashreq Bank to help ensure secure cross-border transfers for its correspondent banking business. The partnership marks the first time that an Israel-based fintech company has Read more…
Tonik, a digital neobank based in the Philippines, has secured $131 million in a Series B round that will help the institution expand in the Philippines, as well as throughout Asia. The investment was led by Mizuho Bank of Japan, and gives the company $175 million in total funding. Also participating in this week’s Series Read more…
According to a report from Medici, nearly 168 million people in the MENA region (Middle East and Northern Africa) do not have a bank account. In this environment, opportunities for both traditional financial institutions and new entrants are numerous. In some instances, financial services companies have launched their own digital banking portals in order to Read more…
A $260 million Series F funding round has given Brazilian secured lending platform Creditas a valuation of $4.8 billion. The new capital will help the company expand its operations and provide a “one-stop solution for those seeking a digital-first experience in everything related to their houses, cars, motorcycles, and salary-based benefits.” The round was led Read more…
This week’s Finovate Global will take a look at some news from a pair of European alums that are expanding into new markets and collaborating with fellow fintechs. First up is Finland’s ReceiptHero, which announced this week that it has launched operations in Switzerland. The launch is part of a multi-party collaboration with Noerdkantine – Read more…
Latin American payments company EBANX is doubling down on its commitment to its business in Mexico, opening its first office in Mexico City and introducing a range of solutions designed to help Mexican companies offer new payment experiences for their customers in-country. These solutions include credit and debit cards, installments, OXXO and OXXOPay, SPEI, and Read more…
The news is flying a bit under the radar. But from China to Bahrain to Jamaica, central banks are beginning 2022 having made major moves recently in support of digital assets. We covered China’s CBDC announcement earlier this week. In short, the People’s Bank of China, the country’s central bank, made its digital yuan wallet Read more…
AI-powered decision making firm Fractal Analytics landed a $360 million investment from alternative asset firm TPG Capital this week. The round brings the 21-year-old company’s total funding to $685 million. While there is no official word on Fractal’s valuation, Fractal CEO and Co-founder Srikanth Velamakanni told Bloomberg earlier this year that the company is “assessing Read more…