Articles with tag: fund

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Current raises USD 131 mln in series C funding

News | Online & Mobile Banking | 27 Nov 2020

US-based challenger bank Current has announced it has raised USD 131 million in Series C funding, led by Tiger Global Management.

Current, funding, challenger bank, neobank, digital banking, mobile banking, Tiger Global Management, investors, debit card,

Flutterwave launches refund policy for online shoppers

News | Ecommerce | 26 Nov 2020

US-based PSP Flutterwave has announced the launch of the Payment Protection Promise, a new refund policy to protect customers when shopping online on its payment platform. 

Flutterwave, product launch, Nigeria, Africa, Payment Protection Promise, refunds, online shopping, merchants

Stripe in talks for funding at USD 70 bln valuation or more

News | Payments General | 26 Nov 2020

Stripe has initiated talks to raise a new funding round valuing it higher than its last private valuation of USD 36 billion.

Stripe, funding round, funding, ecommerce, payments, Amazon.com, Salesforce.com, Lyft, Instacart

HMBradley raises USD 18.25 million to further its growth

News | Payments General | 25 Nov 2020

HMBradley, a digital banking platform built to reward savers, has raised USD 18.25 million in Series A funding based on its growth.

digital banks, Hatch Bank, funding, savings, interest rates, credit card, HMBradley, APY

Indian digital payments company Cashfree raises USD 35 million

News | Online Payments | 24 Nov 2020

Cashfree, an India-based payments solutions company that helps Indian and global businesses to collect and disburse payments, has received USD 35.3 million as part of its Series B raise.

Cashfree, bank accounts, cards, UPI, wallets, payouts, India, funding, net banking, UPI, merchants, ecommerce

The Open Banking journey in Latin America

Voice of the Industry | Online & Mobile Banking | 24 Nov 2020

Bruno Diniz, Managing Partner at Spiralem, discusses the state of play in Open Banking in Latin America, the opportunities there, and further steps to unleash the potential of Open Banking

Bruno Diniz, Spiralemm PSD2, Open Banking, Open Finance, LATAM, Brazil, Mexico, financial services, API, fintechs, equity crowdfunding, P2P lending, Fintech Law, instant payments systems, Banxico, CNBV, Open Data, Central Bank of Brazil, CMN, PIX, PISPs

Paceline receives a cash infusion of USD 5 mln in seed funding

News | Online & Mobile Banking | 23 Nov 2020

Fintech startup Paceline has received a cash infusion of USD 5 million in seed funding to continue building out its health and wellness platform that rewards physical activity with financial benefits.

Paceline, funding, fintech, data, wellness

Italian Fintech Satispay gets EUR 93 mln to further accelerate growth

News | Mobile Payments | 23 Nov 2020

Satispay, an Italy-based fintech startup tapping into mobile payments, has received a EUR 93 million in a Series C round.

Satispay, Italy, funding, fintech, Stripe, mobile payments, merchants, mobile payments

Stanhope Financial Group launches following USD 3.5 mln funding drive

News | E-invoicing, SCF & E-procurement | 20 Nov 2020

Stanhope Financial Group, a new fintech company, has launched as a combined tier one banking services provider targeting small and medium sized business on a global scale, according to Business Matters.

Stanhope Financial Group, funding drive, FX payments, treasury, financing, B2B payments, transactional banking

Forter raises USD 125 mln in Series E funding

News | Digital Identity, Security & Online Fraud | 20 Nov 2020

Ecommerce fraud prevention company Forter has raised USD 125 million in Series E funding.

Forter, ecommerce, fraud prevention, fraud, ecommerce fraud, funding, Series E funding, Smart Routing

Xoom expands US domestic transfer services to debit cards and bank accounts

News | Payments General | 20 Nov 2020

Xoom, a PayPal service, has announced an expansion of its domestic money transfer services in the US, allowing customers to send money directly to a US bank account or debit card.

Xoom, money transfers, debit card, PayPal, US, digital transactions, funds, pre paid mobile phones, cash pickup

African startup Chipper Cash raises USD 30 mln Series B funding round

News | Mobile Payments | 19 Nov 2020

African cross-border fintech startup Chipper Cash has raised USD 30 million in a Series B funding round led by Ribbit Capital with participation of Bezos Expeditions – the personal VC fund of Amazon CEO Jeff Bezos.

Chipper Cash, funding, Africa, Series B funding round, Ribbit Capital, Bezos Expeditions, Jeff Bezos, mobile payments, P2P payments, merchants, payment solutions, crypto-currency trading, investment services

Fintech Truebill obtains USD 17 mln for finance management app

News | Payments General | 17 Nov 2020

Truebill has secured USD 17 million in capital through a Series C investment round in order to help it develop a comprehensive personal financial management (PFM) app, according to crowdfundinsider.com.

Truebill, fintech, funding, finance management, app, personal finance, payments, bills

AIB migrates its receivables finance operations to LendScape's cloud hosted platform

News | E-invoicing, SCF & E-procurement | 17 Nov 2020

HPD LendScape has announced that Allied Irish Bank (AIB) has completed a major technology initiative with the migration of its receivables finance operations to HPD LendScape’s fully cloud-hosted platform.

HPD LendScape, Allied Irish Bank, receivables finance, funding, invoice finance

EIB offers EUR 7.8 bln in support for businesses

News | E-invoicing, SCF & E-procurement | 13 Nov 2020

The European Investment Bank (EIB) has approved EUR 7.8 billion of new financing to support investment by business impacted by COVID-19.

European Investment Bank, supply chain finance, trade finance, COVID-19, Europe, SME, funding, debt financing

Railsbank raises USD 37 mln growth funding

News | Online & Mobile Banking | 12 Nov 2020

Railsbank, the global Banking-as-a-Service (BaaS) platform, has raised USD 37 million as part of continued equity funding to support its global growth and product expansion. 

Railsbank, funding, Banking-as-a-Service, expansion, embedded finance

Fintech Spark Change secures GBP 3.5 mln funding led by Barclays

News | Payments General | 11 Nov 2020

UK-based fintech Spark Change, designed to help institutional investment in green financial products, has obtained a GBP 3.5 million funding round led by Barclays, according to AltFi

Spark Change, funding, Barclays, fintech, UK, green financial products, FinLab, Block.one, Techstars, Swing Ventures, Librae Holdings, ESG

Grab to lead USD 100 mln investment in Indonesian e-wallet LinkAja

News | Mobile Payments | 11 Nov 2020

Grab has secured a USD 100 million fundraising round for the Indonesian government-backed e-wallet provider LinkAja.

Grab, LinkAja, funding, funding round, domestic wireless carrier, Telkomsel, BRI Ventures, BRI, Mandiri Capital Indonesia, ecommerce, marketplace, mobility, e-wallet, mobile payments, Asia, APAC

ThinCats, Salt Edge to bring Open Banking benefits to SME lending

News | Online & Mobile Banking | 11 Nov 2020

UK-based ThinCats, an alternative lender to mid-sized SMEs, has partnered with Salt Edge, a company offering Open Banking solutions. 

ThinCats, Salt Edge, partnership, open banking, SME, PSD2, banks, lending, credit, funding

Afreximbank, ITFC, and Badea launch COVID-19 pandemic response facility in Africa

News | E-invoicing, SCF & E-procurement | 10 Nov 2020

The African Export-Import Bank (Afreximbank) has announced a new USD 1.5 billion pandemic response facility in a partnership with the ITFC and Badea, according to Global Trade Review.

Afreximbank, ITFC, Badea, COVID-19, Africa, partnership, financial assistance, COPREFA, funding