Articles with tag: growth

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PPRO announces 85% in transaction volume

05 Aug 2020 | Online Payments

PPRO, a payments platform-as-a-service, has reported an 85% increase in transaction volume from 2019, highlighting the opportunities for cross-border ecommerce amidst the pandemic.

PPRO, pandemic, COVID-19, coronavirus, Sprints, Citi, payments, platform-as-a-service, transaction, cross-border ecommerce, ecommerce, HPE Growth, Financial Technology Partners, Noerr, Germany, Singapore, Brazil

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

Financial Data Exchange launches in Canada

30 Jul 2020 | E-invoicing, SCF & E-procurement

Financial Data Exchange (FDX), a US-based non-profit organisation dedicated to developing an industry standard for financial data sharing, has launched in Canada.

data, exchange, Canada, Financial Data Exchange, FDX, US, Bank of Montreal, Capital One, CIBC, Desjardins, FinTech Growth Syndicate, Flinks, Interac, Koho, Plaid, Visa, banks, API, fintech, payments, network

US-based True Link secures USD 35 mln for financial services

29 Jul 2020 | Payments General

Financial services startup True Link has closed a Series B of USD 35 million aimed at three typically marginalised markets — elderly, disabled people, and those who are recovering from addiction.

True Link, financial services, marginalised markets, startup, investment, Khosla Ventures, Centana Growth Partners, insurance, credit-based services, True Link Card for Vulnerable Elders, True Link Card for People in Recovery, True Link Card

Thought Machine secures USD 42 mln in additional funding

28 Jul 2020 | Online & Mobile Banking

Thought Machine, a banking technology company, has raised an additional USD 42 million in funding for its series B round.

Thought Machine, banking, technology, Eurazeo Growth, British Patient Capital, SEB, Royal Park Partners, Draper Esprit, Lloyds Banking Group, IQ Capital, Backed, Playfair Capital, APAC, US, Australia, payments

SignD secures EUR 1 mln growth capital from primeCROWD investors

27 Jul 2020 | Digital Identity, Security & Online Fraud

Austria-based KYC services provider SignD Identity has received EUR 1 million in new growth capital from the primeCROWD investor network. 

SignD, growth capital, investment, primeCROWD, digitisation, covid19, lockdown, Austria, KYC, proof of identity, regulatory standards, banking, identity, consumer enrolment, digital onboarding, AML, PEP, QES

UK government rolls out fintech review

22 Jul 2020 | Payments General

The UK government has launched the independent ‘FinTech Strategic Review’ to establish a roadmap for future success, according to fintechmagazine.com.

UK, United Kingdom, government, fintech, fintech review, HM Treasury, Budget 2020, venture capital, market growth, fintech sector

Digital Deal Making platform launches to resolve SME financing gap

21 Jul 2020 | Cryptocurrencies

Maksab, a deal making digital platform, has officially launched to support the Small and Medium Sized sector.

Ethereum blockchain, smart contracts, advisors, finance, Maksab, SMEs, growth capital, virtual environment, ERC-20 smart contract

EU-funded project launched for PPI solutions in Europe

16 Jul 2020 | E-invoicing, SCF & E-procurement

The COSME programme has launched PRONTO January 2020 to inspire, inform and support public buyers in designing, implementing and monitoring PPI procedures.

COSME programme, PRONTO, EU, Europe, PPI procedures, SMEs, economic growth

Greensill, Metro Bank, OakNorth, and Secure Trust Bank join CLBILS

11 Jun 2020 | Payments General

The British Business Bank has announced new lenders added to its coronavirus lending schemes.

Greensill, Metro Bank, OakNorth, Secure Trust Bank, CLBILS, lenders, British Business Bank, UK, coronavirus, lending scheme, government-backed loans, Growth Lending, inFund, Invocap, NEL Fund Managers, Triple Point, Paragon Bank, CBILS, Bounce Back Loans

SoftBank launches minorities startup fund

04 Jun 2020 | E-invoicing, SCF & E-procurement

Japan-based SoftBank has launched a USD 100 million fund that will invest in companies led by ‘people of colour’.

George Floyd, SoftBank, startup, Japan, Opportunity Growth Fund, Twitter, Masayoshi Son, Vision Fund, Bank of America

TIS secures USD 20 mln in funding round

28 May 2020 | Payments General

Treasury Intelligence Solutions (TIS), a cloud platform for handling corporate payments, has secured USD 20 million investment in a funding round led by Aquiline Technology Growth.

TIS, B2B, payments, Treasury Intelligence Solutions, Aquiline Technology Growth, cloud, 83North, Europe, US, Adecco Group, Bertelsmann, Hugo Boss, Fresenius, Fugro, Lanxess, ManpowerGroup, OSRAM, QIAGEN, technology

Singapore-based lending platform Validus secures USD 20 mln investment

12 May 2020 | Payments General

The Singapore-based Peer-to-Peer (P2P) lending platform Validus has raised USD 20 million to help finance Small- to medium-sized businesses (SMBs).

Validus, Singapore, Southeast Asia, investment, p2p lending platform, peer to peer, SMB, small to medium business, growth capital, series b, financing gap, accredited lenders, corporate vendor financing, covid-19, working capital

Wirecard, Varengold Bank to provide financing and payment solutions to fintechs

12 May 2020 | Payments General

Germany-based digital financial tech company Wirecard has partnered with Varengold Bank to provide funds and payment solutions to fintechs.

Wirecard, Varengold Bank, fintech, payment solution, financing, Germany, Europe, CAGR, compound annual growth rate, fintech provider, marketplace lender, refinancing loans, refinancing credit portfolios, LendInvest, Grover, Monedo, Kreditech, banking-as-a-service, digital banking, prepaid card issuing

Coronavirus outbreak feeds uncertainty about the economic outlook

17 Mar 2020 | Payments General

The abrupt rise in uncertainty that surrounds the global spread of the coronavirus can put both economic growth and financial stability at risk, according to IMF.

economic growth, financial stability, coronavirus, banks, loans, investment, economic policies, fiscal measures, monetary policies, IMF

Ecommerce aggregator iPrice secures USD 10 mln in series B funding

03 Mar 2020 | Ecommerce

Malaysia-based ecommerce site aggregator iPrice Group has raised USD 10 million in a series B funding round led by ACA Investments.

iPrice, ecommerce site aggregator, series D funding, funding round, Daiwa PI Partners, Line Ventures, Mirae Asset-Naver Asia Growth Fund, Asia, APAC, ecommerce, Temasek, Google, ecommerce, Singapore, Malaysia, Vietnam, HingKong,

StanChart lowers 2020 income growth target due to coronavirus

27 Feb 2020 | Payments General

UK-based bank Standard Chartered has warned that the COVID-19 outbreak might undershoot its previous target of 5-7% growth in 2020.

Standard Chartered, COVID-19, coronavirus, income growth target, economic forecast, Asia, China, Hong Kong, APAC, bank, online banking,

Why 2020 is the year of cross-border ecommerce in Japan

27 Feb 2020 | Ecommerce

Kelvin Phua, Global Head of Payment Networks at PPRO, explores the possibilities offered by the cross-border ecommerce market in Japan

Kelvin Phua, PPRO, Japan, ecommerce, cross-border ecommerce, global retail, consumer behaviour, behavioural analytics, consumer goods, Hong Kong, Asia, APAC, “low-growth” economy

PXP Financial to roll out services to 11 US States

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

PXP Financial, a global expert in acquiring solutions, is celebrating its first anniversary by announcing plans to expand its services into 11 states in the US market.

payment facilitators, acquiring bank, payments, banking, financial industry, US, betting, business growth,