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In a round led by Upstart, and featuring participation from DeFi network Stellar Enterprise Foundation and new investors Kindred Ventures and the J. Safra Group, emerging markets digital lender Tala has raised $145 million in funding. The Series E round takes the company’s total capital raised to more than $350 million. The investment also gives Read more…
One of the biggest experiments in bringing cryptocurrencies to the mainstream is taking place in the small Central American nation of El Salvador. Earlier this summer, the country’s legislative assembly authorized granting Bitcoin status as legal tender inside El Salvador beginning September 7th. One month after Bitcoin joined the U.S. dollar as the second official Read more…
Pakistan-based Buy Now Pay Later platform QisstPay has secured $15 million in seed and pre-seed funding. The round was led by MSA Capital and featured institutional investment participation from Global Founders Capital, Fox Ventures, and First Check Ventures – as well as strategic angel investments from Scalapay co-founders Simone Mancini and Johnny Mitrevski. The capital, Read more…
Asia’s largest API infrastructure company, M2P Solutions, will leverage the real-time, cross border payments ecosystem developed by Buckzy Payments to enable its customers to offer better payment services in many of the more underserved corridors in the MENA region. Clients such as banks, exchanges, and money transfer operators (MTOs) will be the partnership’s chief beneficiaries; Read more…
FinovateFall 2021 wrapped up a little over a week ago. Our return to live fintech conferencing produced one of our largest number of Best of Show winners (nine) to date. The event also gave us the one of the highest percentage of non-U.S. based Best of Show winners for a FinovateFall event. This week’s Finovate Read more…
The Road to Greater Financial Inclusion in Latin America This week’s Finovate Global Reports takes a look at the drive for financial inclusion in Latin America. BN Americas this week featured a research survey conducted by Peruvian financial services company Credicorp and research firm Ipsos. The study queried approximately 8,400 households in seven Latin American Read more…
Low-code fintech platform provider Veritran has secured a strategic growth investment from Trivest Partners, a private equity fund based in Miami, Florida. The specific amount of the investment was not disclosed, but the company did report that funding gives the Buenos Aires, Argentina-based firm a valuation of $225 million. “Today marks a major milestone for Read more…
For many, the economic inequality and low financial literacy that plague a country like South Africa are reasons to look elsewhere for fintech opportunities. But for New York-based Wahed, these same features are reason for not only optimism, but for investment and expansion. The company, parent firm of a leading halal financial investment platform, announced Read more…
Partner HUB‘s Invoice2RTP provides a customizable technology for banks to easily connect their corporate customers into bill pay and changes the face of B2C and B2B payments with faster payments and request-to-pay. Features New opportunity for banks to change the face of transaction banking New overlay services New value created for businesses and consumers Why Read more…
This summer, as part of our Finovate Fintech Halftime Review, we helped make the case for the U.S. midwest as an under-recognized source of fintech innovation. Today, our conversation with Nicole Lorch of the First Internet Bank is a reminder of what “America’s Heartland” has to offer in terms of leveraging technology to make online Read more…
From the snap election called by Canadian Prime Minister Justin Trudeau to the country’s recently expressed eagerness to accept refugees in the wake of the U.S. withdrawal from Afghanistan, there have been more than a few reasons for the Great White North to make news headlines of late. Now fintech fans in particular have another 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…