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Small business lender BlueVine announced today that it would double the size of its invoice factoring solution and increase the limit for its business line of credit, Flex Credit, by more than 30%. “In just four years, we’ve dramatically increased our invoice factoring credit line to $5 million, and our business line of credit to $200,000,” Read more…
Designed by Freepik The MENA (Middle East and North Africa) region has experienced the highest rate of population growth of any region in the world over the past 100 years. Today, the countries of MENA boast more than 380 million people or 6% of the world’s population. And as leaders in the region respond to Read more…
It’s the end of an era for ThreatMetrix. The authentication and fraud prevention company has been acquired by RELX Group for $830 million (£580 million). The deal is expected to close in the first half of this year. The California-based company will operate as part of RELX’s Risk & Business Analytics under the LexisNexis Risk Read more…
Behavioral biometrics company BehavioSec landed $17.5 million in funding today. This brings the company’s total funding to almost $26 million. The Series B round was led by Trident Capital Cybersecurity with Cisco Investments, ABN AMRO, and existing investors Octopus Ventures and Conor Venture Partners also contributing. The Sweden-based company will use the funds to expand global Read more…
Ride-sharing services are one of many new industries that has benefitted from fintech innovation. Now Waze Carpool, a service from social navigation innovator Waze which makes it easier for users who share routes to commute together, announced that it will use technology from cross-border payments specialist, Payoneer, to power local payments. “Creating a fully mobile Read more…
Entrepreneurial Finance Lab (EFL) furthered its reach across Asia this week. The Bermuda-based company has formed a partnership with Orient Commercial Joint Stock Bank (OCB) in conjunction with Lenddo, an alternative credit scoring company with which EFL merged last year. OCB will be the first bank to offer LenddoEFL’s psychometric scoring solution in Vietnam, a region where many citizens lack traditional financial Read more…
Designed by Freepik As Finovate prepares for its first conference in the Middle East, here’s a round up of recent fintech news and need-to-knows from the MENA region. Learn more about how to join us in Dubai in February for FinovateMiddleEast. Panamax Partners, a technology business vertical of Bankai Group, announces partnership with UAE-based fintech, Trriple. Zawya Read more…
Wipro has announced that its subsidiary Wipro LLC will take a $9.9 million minority stake in omni-channel marketing services firm, Harte Hanks. The two companies will jointly market the Opera Solutions’ Signal Hub platform, which is an advanced big data analytics and machine learning solution that gives clients the ability to provide customers with a Read more…
With the PSD2 compliance deadline having just passed, in this series we speak to some of the relevant firms both in and out of the U.K. about what this means for them and how the industry should move forward. In this installment, we chat to Marten Nelson, VP Marketing at Token. Nelson demoed Token’s PsD2 compliant solution Read more…
Mobile auto shopping and financing startup AutoGravity announced a new milestone this week: the Irvine, California-based company surpassed $2 billion in financing requested via its platform. “With more than $2 billion in finance amount requested in 2017, AutoGravity is at the forefront of digitizing the car-buying and financing experience,” Andy Hinrichs, AutoGravity CEO, said (pictured). Read more…
Digital identity authentication company Payfone has partnered with O2, a U.K.-based mobile network operator. The initiative aims to protect mobile users from digital fraud, including cyber-hacks, account takeover attacks, SIM swap attacks, and other forms of fraud. The two are collaborating on Payfone’s Instant Authentication for Mobile, a behind-the-scenes, identity verification solution that enables enterprises to Read more…
Business commerce platform Tradeshift announced today the launch of Tradeshift Frontiers, an innovation lab and incubator designed to apply emerging technologies like AI, distributed ledgers, and IoT to business networks, supply chains, and global trade. “Our goal is simple and singular: To significantly impact B2B commerce and global supply chains in the next 5 years,” Read more…