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Courtesy of a round featuring new investor WSV – a joint venture fund of Walden International and Korean firm SKTA – online financing solutions marketplace BankBazaar has raised $6 million in new equity funding. The company will use the capital, which adds to an existing Series D round, to help market its contactless personal finance Read more…
QR code payments may not inherit the earth. But they may be one of the key technologies developing countries can leverage in order to bring both untaxed merchants and underbanked consumers into their formal national economies. These are some of the top level conclusions reached in the report – QR Code Developments May Disrupt the Read more…
The CEE region – Central and Eastern Europe – has been the source of some of the week’s most compelling international fintech headlines. Among them was news that digital alternative bank Revolut has gone live in Lithuania. The company said that it will passport its Lithuanian banking license – which it secured in 2018 – Read more…
Just yesterday we previewed our new all-digital FinovateAsia conference coming in July. Today we’ll give you a sneak peek at some of the talent who will be providing keynote addresses at this special, mid-summer event. Start-Ups and Digital Transformation The first day of FinovateAsia will feature an afternoon keynote address with Chris Skinner, financial services Read more…
When Moven announced a transition away from being a provider of consumer banking services and toward business partnerships, few questioned the company’s capacity to win with enterprise customers. Founded in 2010 by Brett King, Moven has secured partnerships with financial institutions around the world, including Westpac in New Zealand, BCA in Indonesia, TD Bank in Read more…
Germany’s Trade Republic Raises $67 Million While mobile trading and investing app Robinhood rallies from a rough March toward a rumored $200+ million funding round, the company many are calling its European equivalent is making headlines of its own on the other side of the pond. Berlin-based Trade Republic, which offers a mobile app that Read more…
A collaboration between TransferWise and Chinese payments and lifestyle services platform Alipay will enable TransferWise’s more than seven million users to instantly send yuan to Alipay users. All that senders require is the recipient’s name and their Alipay ID to have funds from 17 different currencies converted to Chinese yuan and transferred to the account Read more…
The ruling is subject to appeal. But for now, advocates for cryptocurrency trading in India have won the day: the Supreme Court of India has overturned a ban on cryptocurrencies that was issued by the Reserve Bank of India in 2018. Specifically, the Reserve Bank forbade Indian banks from working with cryptocurrency exchanges out of Read more…
With a commitment of $100 million (€92.4 million), Poland-based OTB Ventures will spend the next few years helping back some of the most innovative tech startups in Central and Eastern Europe. The investor, whose funding is backed by the European Investment Fund (EIF) will target “post-product startups” developing solutions for fintech, cybersecurity, AI, Big Data, Read more…
Grab, the Singapore-based ride-hailing company well en route to becoming a full-fledged fintech, as well, will get $700 million in new funding from MUFG Bank according to the Nikkei. The investment will be part of a collaboration designed to bring services like lending and insurance to markets in Southeast Asia via smartphone apps. MUFG Bank Read more…
Buy now, pay later company Splitit landed a partnership today with payment platform Stripe. The agreement makes Stripe the payment facilitator for all new merchants who onboard with Splitit. This move is expected to speed up the onboarding process for Splitit’s new merchant clients. “With Stripe, we are able to not only immensely grow our Read more…
Is there anyone out there who is NOT trying to secure a digital banking license in Singapore? The Monetary Authority of Singapore (MAS) announced last week that it has received 21 applications for digital bank licenses. A decision is expected in June, and the fortunate five who receive licenses will be able to launch their Read more…