Articles with tag: fund

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UK-based lenders support 1.2 mln businesses amid pandemic

12 Aug 2020 | Payments General

UK-based lenders have provided support to over 1.2 million businesses through government-backed loan schemes, according to HM Treasury statistics. 

UK, United Kingdom, SMEs, lenders, loan, pandemic, government-backed loans, loan schemes, BBLS, CBILS, funding, small businesses, coronavirus, large businesses

KB Kookmin Bank, Hashed partner for Bitcoin custody services

11 Aug 2020 | Cryptocurrencies

South Korea-based KB Kookmin Bank (KB) has partnered with blockchain venture fund Hashed and crypto exchange Cumberland Korea to offer Bitcoin custody services.

KB Kookmin Bank, Hashed, Bitcoin, custody services, Cumberland Korea, South Korea, blockchain, venture fund, crypto exchange, Office of the Comptroller of the Currency, OCC, banks, US, digital assets

Central Bank of the Philippines open to Qatar-based funding

10 Aug 2020 | Online & Mobile Banking

Bangko Sentral ng Pilipinas (BSP) has announced plans to explore potential investment deals from Qatar for digital banking and fintech projects.

Central Bank of the Philippines, Bangko Sentral ng Pilipinas, BSP, Philippines, Qatar, funding, investment, digital banking, fintech, reserve bank, regulations, digital transactions, banking sector, nonbank financial institutions, digital platforms, Islamic banking, shariah-compliance

credit.ai launches its credit card

10 Aug 2020 | Cards

US-based fintech cred.ai has launched an AI-powered credit card, designed for Gen Z and Millennial customers.

US, fintech, cred.ai, AI, artificial intelligence, credit card, cards, Millennials, Gen Z, Unicorn Card, Wilmington Savings Fund Society, WSFS, Visa, paychecks, transactions, Flux Capacitator, Check Please, Friend&Foe, merchants, High Security Mode

Ayoconnect closes USD 5 mln Pre-Series B funding round

07 Aug 2020 | Payments General

Ayoconnect, an Indonesian fintech company, has raised USD 5 million in Pre-Series B funding from strategic global investors to continue building Indonesia’s largest bill network. 

Ayoconnect, funding round, fintech, financial inclusion, payments, Indonesia

AML and Business KYC /KYB platform kompany raises EUR 6 million

06 Aug 2020 | Digital Identity, Security & Online Fraud

kompany, a regtech platform for Business KYC (KYB), has announced new investment of almost EUR 6 million, the company’s largest single investment round to date.

kompany, regtech, AML, KYC, KYB, funding, Startpath, Plug and Play FinTech, Raiffeisen Bank International, Elevator Lab, KYC onchain

TaxScouts secures GBP 5 mln funding to expand to Europe

05 Aug 2020 | E-invoicing, SCF & E-procurement

UK-based tax preparation startup TaxScouts has raised GBP 5 million in Series A funding for European expansion.

TaxScouts, funding, Europe, Octopus Ventures, SpeedInvest, Seedcamp, Finch Capital, Clocktower Technology Ventures, tax filing, Spain, UK, tax system, web app, invoices

Splitit raises USD 71.5 mln to accelerate growth

05 Aug 2020 | Online Payments

Global instalment payments platform Splitit has raised USD 71.5 million dollars in a private placement and share purchase plan (SPP). 

Splitit, instalment payments, funding round, private placement and share purchase plan, SPP, Woodson Capital Management, Average Order Value, AOV, ecommerce, merchants, Buy now, pay later, shoppers

Cambodia-based fintech Clik secures USD 3.7 mln funding for financial inclusion

05 Aug 2020 | Payments General

Fintech startup Clik has completed the final close of its USD 3.7 million seed round for mobile payments, loyalty programmes, data visualisation, business intelligence, and cloud data services. 

Clik, fintech, Cambodia, funding, financial inclusion, mobile payments, loyalty programmes, data visualisation, business intelligence, cloud data services, Openway, Poems Pte, angel investors, National Bank of Cambodia, NBC, Central Bank Digital Currencies, Bakong, payment aggregator, payments, cards, wallets, bank accounts, mPOS, SoftPOS, eKYC

Fintech Wiserfunding enters Indian market

05 Aug 2020 | Online & Mobile Banking

UK-based fintech Wiserfunding has entered India market by launching an AI-backed credit risk assessment tool for SMEs.

UK, Wiserfunding, India, SMEs, fintech, AI, artificial intelligence, credit risk, technology, Europe, partnership, banks, non-banking financial companies, NBFCs

Grab rolls out a series of consumer financial services

04 Aug 2020 | Online Payments

Grab has announced that its financial unit, which previously focused on services for entrepreneurs and small businesses, is launching a series of products for consumers.

Grab, launch, consumer financial services, AutoInvest, buy now, pay later, insurance, Indonesia, micro-investment, digital wallet, ullerton Fund Management, UOB Asset Management, Singapore, PayLater, Singapore, Malaysia, third-party, merchants, cart abandonment rates

Volante Technologies receives USD 35 mln of growth funding

03 Aug 2020 | Payments General

Volante Technologies has raised USD 35 million in growth equity financing led by Wavecrest Growth Partners with strategic participation from BNY Mellon, Citi Ventures, PostePay, and Visa.

Volante Technologies, funding, Wavecrest Growth Partners, BNY Mellon, Citi Ventures, PostePay, Visa, payments, Open Banking, cloud

USD 26 mln in grants to help recovery of small businesses

31 Jul 2020 | Payments General

Minister for Regional Growth and Local Government has announced that smaller businesses in UK will benefit from USD 26 million of new government funding.

Minister for Regional Growth and Local Government, UK, SMBs, funding, technology, Kickstart Scheme, England European Regional Development Fund, Growth Hubs

Remitly raises USD 85 mln to fuel growth

30 Jul 2020 | Payments General

Remitly has raised USD 85 million in a funding round to accelerate its growth amid the growing demand for digital money transfers following Covid-19 pandemic.

Remitly, funding, digital money transfers, expansion

Alchemy, LoanPaymentPro partner for real-time payment solutions

30 Jul 2020 | Payments General

SaaS fintech Alchemy has partnered with payment and funding solution LoanPaymentPro to provide lenders and finance companies multiple consumer-facing fund disbursement and payment products.

Alchemy, LoanPaymentPro, partnership, real time payment solutions, SaaS, payments, lenders, finance companies, fund disbursement, payment products, debit card validation, debit cards, ACH, remote checks, APIs, fintech, banks, cloud, white label, mobile payments, online payments, fraud prevention

ComplyAdvantage gets USD 50 mln to detect and stop financial crime with AI

29 Jul 2020 | Digital Identity, Security & Online Fraud

A UK-based startup focusing on developing AI for financial services, ComplyAdvantage has received USD 50 million to expand its reach and operations.

AI, financial crime, funding, financial technology, ComplyAdvantage, regtech, UK

Former Malaysian PM charged with money laundering, abuse of power

28 Jul 2020 | Digital Identity, Security & Online Fraud

Former Malaysian PM Najib Razak has been found guilty of all seven charges in the first of several multi-million-dollar corruption trials, according to BBC.

money laundering, corruption, power abuse, tax evasion, illegal funding, Malaysia, banking, PM, Najib Razak

Westpac to form new group operating office, following money laundering accusations

28 Jul 2020 | Digital Identity, Security & Online Fraud

Westpac has announced the creation of a new group operating office, following money laundering accusations.

Westpac, money laundering, Austrac, banks, fraud prevention, international funds transfers, human error, Australia

Hong Kong-based Emq gets USD 20 mln to develop cross border financial tech

28 Jul 2020 | Payments General

EMQ, a Hong Kong-based startup that develops network infrastructure to make international payments faster, has raised a USD 20 million Series B led by WI Harper Group.

cross border remittances, Hong Kong, API, international payments, funding, remittances, online banks digital wallets, ecommerce

Mastercard Foundation launches Young Africa Works programme

24 Jul 2020 | Payments General

The Mastercard Foundation has announced its Young Africa Works strategy in Uganda, aiming to enable 3 million young people in the country to access work opportunities by 2030. 

Mastercard, Mastercard Foundation, Uganda, Young Africa Works, Private Sector Foundation Uganda, The Innovation Village, Gudie Leisure Farm, GOAL Uganda, the National Social Security Fund, Equity Bank Uganda, banks