The alternative financial technology banking firm KOHO successfully raised a $42 million deal. KOHO states that the company plans to use its funds for further growth and development of its business. Fintech Futures report that the series B funding round...
Visa has recently decided to team up with Bahrain FinTech Bay to help boost the financial technology sector in the country. The partnership of these two companies aims to address the technological and development sector in the nation, together...
Softbank Vision Fund, a subsidiary of Softbank, is set to invest a total of $800 million in U.K. fintech Greensill, a British financing group. According to Financial Times, the investment will nearly double the British fintech’s company valuation to about...
The U.S. House Committee on Financial Services has recently passed resolutions to create the Task Force on Financial Technology. The new task force aims to investigate the current legal framework for fintech, how the technology is used in lending and...
Brazilian fintech company Nubank recently announced the start of its international expansion and operation. In line with this, the company has opened its office on May 7, 2019, with its desire to expand to other Latin American countries in...
Japan’s multi-conglomerate company Softbank is pushing through a new investment in the Mexican Fintech, allotting about $20 million to startup company Clip. According to Contxto, Clip will be another multi-million dollar investment from the Japanese company, as part of its...
The Monetary Authority of Singapore (MAS) recently revealed that it is looking into the possibility of authorizing virtual banks (also called digital-only and challenger banks) to operate in the country, says The Strait Times. This comes after a representative...
Divvy has earned a $200-million funding from venture capital firms, according to news reports. TechCrunch said that the US-based fintech startup whose business is to help other companies in managing expenses secured the funds from Series C round led by...
New data from the Expert Market showed the increasing number of people who uses an e-wallet and digital payment for transactions, reaching 140 million a year. Out of the 36 countries, Britain holds the third spot in the highest e-wallet...
Only 9 fintech firms out of more than 100 that applied for South Korea’s regulatory sandbox were permitted to carry out business in the country, says Coin Telegraph. These companies deal with technologically advanced services including blockchain, 5G (or...

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