South African digital bank, TymeBank, has successfully secured R1.6 billion (approximately $109 million) in a funding round. The funding round was led by the Philippines-based JG Summit as well as Apis Partners. It announced its deal on Tuesday, February...
Global payments network giant Rapyd announced a new agreement with Visa to expand business operations. The company signed the new partnership last Tuesday, Feb. 18, offering cross-border services market solutions.
Under the new partnership, Rapyd will join Visa’s Fintech...
In the past years, cryptocurrency has been making big waves across various parts of the globe. As a matter of fact, virtual currencies have been popping up left and right, with My Big Coin company being no exception. However,...
Student loan startup MPower Financing recently obtained funding of $25 million, according to an exclusive by the Washington Business Journal. The money will be used to transform the company and expand its services.
The investment was made by a new...
San Francisco and Lago-based fintech startup company Flutterwave obtained $35 million in capital from the recent Series B funding round. Flutterwave also announced its partnership with WorldPay FIS for bringing comprehensive payment solutions to Africa.
Apart from WorldPay FIS, other...
Credit-focused startup Upgrade received a 40 million-dollar funding from the Series D round led by Santander InnoVentures, said Tech Crunch. This brings its valuation up to $1 billion, according to the company.
Upgrade is known for offering services related to...
The financial technology startup company, Lightnet, received $31.2 million in the recent Series A funding round. The firm reportedly plans to boost its reach and visibility by making more acquisitions, says Bloomberg.
Lightnet is a blockchain-based service provider that gives...
Fintech startups who are trying to turn into a bank need to slow down, as the New York Federal District requires a traditional route for granting fintech charters.
The Federal District has slammed the Office of the Comptroller of the...
In response to the threat of the emergence of peer-to-peer platforms, banks are now starting to use technology to hasten the lending process to small business and retail customers, financial industry analysts say in an American Banker article. Peer-to-peer...
This 2019 seems to be a good year for China’s financial technology companies, according to SHINE, a media outlet powered by Shanghai Daily. Reports say that the country’s industry has experienced an ‘accelerated consolidation’ due to participating companies pursuing...
