Wednesday, February 19, 2020
Various alternatives to traditional money and mode of payments have been popping up in recent years. Cryptocurrencies come to mind when thinking about alternative options for transactions. With this option available to investors in the past years, what does...
Montreal- and Toronto-based Luge Capital recently raised $85 million for its fintech focused investment plans. With its funding, the company plans to provide seed funding for financial technology startup companies as well as artificial intelligence (AI) innovation. The fundraising round...
Financial tech company Pixpay, which focuses on teens' financial management and cashless transactions, received $3.4 million in funding from Global Founders Capital. The company based in France aims parents to send pocket money to their kids via the Pixpay app...
South African tech company Net1 UEPS Technologies recently bought majority stocks in Bank Frick. According to a press released by the Liechtenstein-based bank, the tech firm now owns 70% of its stakes, while the Frick family retains its 30%...
According to the IFZ Fintech Study 2019 report published in Yahoo News, Switzerland’s fintech sector continues to grow and expand while banks and financial institutions are stagnating. Researchers at Lucerne University of Applied Studies conducted the study to find out...
Several statements by the Bank of International Settlements (BIS) said that fintech companies’ contributions in addressing the financial welfare of consumers. The Financial Times noted that there is no clarity whether technology “bridges or widens the inequality gap.” The BIS’...
Ride-hailing giant Grab recently launched its new numberless payments solution on the market called GrabPay Card last Thursday, December 5, 2019. The new system is made in partnership with Mastercard and is considered as the extension of its financial...
In the move to expand operations in Asia, particularly in Japan and Korea, German Fintech company Wirecard is partnering with Japan Telecommunicating company Softbank. Softbank is investing in the company, acquiring almost 5.6% stake of Wirecard. The deal was announced...
Horizon 2020, European Commission's funding program for research and innovation, recently awarded Fintech startup Hokodo €2 million ($2.23 million). The London-based firm, established in 2018, aims to give European small and medium enterprises access to insurance and financing, particularly those...
Brazil-based financial tech company NuBank has surpassed 15 million users record, according to the company chief executive on Friday, Oct. 11. The company was founded in 2013 and has raised millions of funds from fintech investors like Sequoia Capital. Founder...

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