Articles with tag: investment

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Singapore-based Syfe secures USD 18.6 mln Series A funding

23 Sep 2020 | Payments General

Digital wealth manager Syfe has successfully closed a USD 18.6 million Series A funding round led by Valar Ventures, a VC fund for high potential fintech companies.

Syfe, Singapore, Series A, funding, digital wealth manager, Valar Ventures, VC, fintech, capital injection, investing, saving, Asia, technology platform, Presight Capital, Unbound, UK, investment firm, digital wealth management, platform, Monetary Authority of Singapore, MAS, Capital Markets Services License, CMS license, license, retail fund management, institutional fund management

Payments platform Wirex rolls out GBP 1 mln crowdfunding

22 Sep 2020 | Cryptocurrencies

UK-based payments platform aimed at fintechs and cryptos, Wirex, has announced their first crowdfunding. 

Wirex, payments platform, crowdfunding, fintech, cryptocurrency, crypto, investment, Crowdcube, crowdfunding platform, crypto payments, payments, traditional currencies, Wirex payment card, Wirex app

AppDirect secures USD 185 mln of funding to fuel global expansion

21 Sep 2020 | Online Payments

Subscription commerce platform AppDirect has announced investments of USD 185 million from Caisse de dépôt et placement du Québec (CDPQ) and existing investors.

AppDirect, subscription commerce, investment, Caisse de dépôt et placement du Québec, CDPQ, recurring revenue, Vodafone, Keller Williams, ADP, Honeywell, Deutsche Telekom

Pakistan rolls out online banking for expats

18 Sep 2020 | Online & Mobile Banking

The Pakistan Government has introduced the Roshan Digital Account, an online banking initiative for expatriates. 

Pakistan, Roshan Digital Account, online banking, initiative, expatriates, expats, fund transfers, bill payments, investment, central bank, State Bank of Pakistan, SBP, commercial banks, digital account, online account, bank branch

Bank of Georgia secures USD 50 mln trade finance facility with Citi

18 Sep 2020 | E-invoicing, SCF & E-procurement

Bank of Georgia has signed a USD 50 million one-year trade finance facility with US-based bank Citigroup.

Bank of Georgia, Citi, trade finance, facility, Citigroup, bank, reimbursement, trade advances, retail banking, payment services, corporate banking, investment banking, wealth management, trade finance solutions

Tencent invests USD 63 mln into Flipkart amid China row

18 Sep 2020 | Ecommerce

China-based technology conglomerate Tencent has invested nearly USD 63 million in Flipkart, according to regulatory filings of the holding company in Singapore.

Tencent, investment, Flipkart, Walmart, funding, foreign direct investment, FDI, PUBG Mobile Lite, WeChat Reading, WeChat Work, Tencent Weiyun, Alibaba Group, Paytm, Bigbasket, India

Moneyfarm uses open banking for 20 percent of transfers

17 Sep 2020 | Online & Mobile Banking

Digital wealth manager Moneyfarm has stated that 1 in 5 of its customers’ financial transfers are being used via open banking provider Yapily, following a partnership between the companies.

Moneyfarm, open banking, financial transfers, Yapily, Europe, UK, Italy, digital wealth manager, open banking platform, open banking integration, banks, withdrawals, investment portfolios, bank accounts, card payments

dLocal achieves USD 1.2 bln valuation after securing new USD 200 mln investment

16 Sep 2020 | Online Payments

dLocal has announced up to USD 200 million in new investment, led by existing investor General Atlantic, a global growth equity firm with a presence across North and South America, Europe and Asia.

dLocal, investment, General Atlantic, LATAM, merchants, Addition, emerging markets, ecommerce, Spotify Premium, Zara, local credit card payments, instalments, Mastercard, Visa, American Express, Google Pay, digital wallet

European FIs prioritising investment in compliance-related use cases, Tink research finds

16 Sep 2020 | Payments General

Financial institutions are prioritising investment in use cases that deliver immediate value to their business, according to data published by Tink.

digital identity, challenger banks, PSPs, banking services, KYC process automation, SCA, compliance, investment, open banking, Tink

Alibaba reportedly to invest USD 3 bln in Grab

16 Sep 2020 | Ecommerce

Alibaba has initiated talks to invest USD 3 billion in multinational ride-hailing company Grab.

Alibaba, investment, Grab, Uber, food delivery, mobile payments, COVID-19

Indian ecommerce deals site CashKaro gets USD 10 million Series B

15 Sep 2020 | Ecommerce

India-based cashback site CashKaro has announced expanding its range of services for ecommerce after raising USD 10 million in Series B funding.

CashKaro, cashback, funding round, ecommerce, India, Asia, APAC, EarnKaro, Korea Investment Partners, Kalaari Capital,

Santander spins out its fintech venture capital arm

11 Sep 2020 | Payments General

Banco Santander has announced the launch of Mouro Capital, a new, autonomously managed venture capital fund focused on fintechs and adjacent businesses linked with the financial services industry.

funding, fintech, investments, Mouro Capital, Santander Innoventures, Banco Santander, digital transformation

Factris, NN Investment join forces on European financing agreement

11 Sep 2020 | E-invoicing, SCF & E-procurement

Fintech company Factris has closed a new EUR 50 million secured financing agreement with asset manager NN Investment Partners (NN IP).

Finance Automation for Business platform, FAB, Factris, invoicing, payments, automation, funding, Europe, invoice factoring NN Investment Partners

Factris, NN Investment Partners form European financing agreement

10 Sep 2020 | E-invoicing, SCF & E-procurement

Fintech Factris has closed a new EUR 50 million secured financing agreement with asset manager NN Investment Partners (NN IP).

Factris, NN Investment Partners, NN IP, Europe, financing, asset manager, fintech, secured financing, SMEs, SMBs, invoices, trade, liquidity, invoice finance, covid-19, pandemic, trade credit insurance, real economy, responsible investing

Fintech Ohpen acquires loan and mortgage software company, Davinci

10 Sep 2020 | Payments General

 

Ohpen, a fintech platform that aims to bring banking to the cloud, has acquired cross-border loan and mortgages Software as a Service (SaaS) provider Davinci.

savings, investments, loans, mortgages, current accounts, cloud-native, core banking engine, acquisition, fintech, Ohpen, mortgage software, Davinci

Rand Merchant Investments/AlphaCode exits investment in Luno

10 Sep 2020 | Cryptocurrencies

Rand Merchant Investments (RMI), through its fintech investment arm, AlphaCode has exited its investment in Luno. 

Luno, cryptocurrency, Digital Currency Group, investment, fintech, AlphaCode, RMI

UK-based Fintech Group, Mode announces IPO intention

09 Sep 2020 | Payments General

Mode, a UK-based Fintech Group, has announced its intention to undertake an Initial Public Offering and the expected publication by Mode of its Prospectus, which has been submitted for approval to the FCA.

Mode, fintech, API, open banking, IPO, banking, payments, UK, investment, digital currency

Giesecke+Devrient invests in Netcetera

08 Sep 2020 | Digital Identity, Security & Online Fraud

The global security technology group Giesecke+Devrient (G+D) has announced its investment in Netcetera to explore growth opportunities in the industry.

Netcetera, Giesecke+Devrient, investment, security, digital identity

Centrapay secures investment from Coca-Cola Amatil

08 Sep 2020 | Payments General

Amatil X, the corporate venturing platform of Coca-Cola Amatil, has acquired a minority stake in payments platform Centrapay, according to Verdict.

Centrapay, investment, Coca-Cola Amatil, payments, Amatil X

Neon receives USD 300 mln in Series C funding round

07 Sep 2020 | Online & Mobile Banking

Neon Pagamentos, a Brazilian fintech, has secured a Series C investment of USD 300 million led by General Atlantic, a global growth equity company.

Neon, funding round, digital banking, payments, investment, credit cards, loans