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Courtesy of a partnership with a pair of current customers, card issuing platform Marqeta is open for business in Australia. The company announced today that its arrival in the Asia-Pacific market will also help support fellow Finovate alum Klarna and customer Doordash as they expand in the country. “Card issuing is on its way to Read more…
When it comes to defending your data, Enveil’s speciality is helping prevent you from losing it while you’re using it. The company, which picked up $10 million in funding last month and made its Finovate debut at FinovateFall in 2017, enables businesses to securely perform analysis on encrypted data at scale. “Over the past three Read more…
Kyndi, Featurespace, Onfido Recognized as AI Innovators in Fintech – A trio of Finovate alums are among the 100 companies highlighted by CB Insights in its newly-available report, AI 100: The Artificial Intelligence Startups Redefining Industries. The report, CB Insights’ 4th edition, focuses on companies that are innovating in the fields of “synthetic voice, quantum Read more…
Digital asset exchange platform AlphaPoint has raised $5.6 million in funding. The news follows the company’s last round in 2018 when it pulled in $15 million. Today’s investment brings AlphaPoint’s total funding to $23.9 million. AlphaPoint will use the cash to further develop its white label exchange and brokerage platform. The New York-based company will Read more…
Chinese conglomerate Ant Financial has purchased a minority stake in Sweden’s e-commerce payments innovator Klarna. The terms of the investment were not disclosed, but the company said that the funding amounts to a 1% stake in Klarna. The most recent assessment of Klarna, based on a $460 million funding round in 2019, puts the company’s Read more…
Neo was founded in 2017 with a vision, as described by CEO Laurent Descout, “to create a platform that can replace the old fashioned banking platform. A true ‘one-stop shop’ that offers all the financial products a corporate client needs to operate in a global environment.” The Spain-based company demoed its business account platform at Read more…
Digital financial services company Wirecard is partnering with Xolo (formerly LeapIN) this week to offer a more robust set of banking services for gig economy entrepreneurs. Under the agreement, Xolo, a platform that helps entrepreneurs launch and run micro-businesses, will bolster the banking and accounting tools on its existing platform. The company will leverage Wirecard’s Read more…
Google Cloud has unveiled its latest data center and announced that PayPal will be among the first to move key components of its payments infrastructure to Google’s cloud region. The news is the latest example of a partnership between the two technology giants that extends back at least as far as 2017, when PayPal became Read more…
Two of the biggest themes in fintech – digital identity and the rise of fintech in Central and Eastern Europe – meet in the latest announcement from biometric authentication specialist and Finovate Best of Show winner iProov. The company’s facial recognition technology now makes it easier for users of SK ID Solutions’ Smart-ID Service in Read more…
Customer segmentation identification company SheerID launched its Employment Verification tool today in 191 countries. The move enables brands to identify and acquire new customers across the globe. SheerID’s segmentation tool enables companies to identify consumer subsets such as military members, students, and teachers to help personalize communications and increase customer acquisition via gated, personalized offers Read more…
Russia has a new tech billionaire. The $500 million raised by financial platform Revolut this week not only establishes the U.K.-based business as the country’s most valuable fintech. It also makes its founder and CEO, Moscow-born Nikolay Storonsky, the latest fintech billionaire to come from the Russian Republic. The investment was led by Technology Crossover Read more…
With one startup for every 1,400 citizens, Israel may have the highest “innovation per capita” ratio of any country on Earth. That makes it little surprise that Itai Green, founder and CEO of Innovate Israel, would be the one to help explain what corporates need to do in order to make the most out of Read more…