The Indonesia fintech industry is experiencing a surge as gigital payments, investments, pay-later services are becoming increasingly popular among Indonesians, according to Fintech Report 2019 published last Tuesday, Nov. 26, 2019.
About 82.7 percent of Indonesians were aware of...
Argentine financial technology firm Ualá successfully raised $150 million in a Series C investment round. The round of funding brings the company’s total valuation near the $1 billion marks.
The Series C investment round was led by Tencent alongside SoftBank’s...
Luxembourg-based Middlegame Ventures (MGV) announced Monday, Nov 25, it had raised a new fund targeting post-seed, series A and series B lead investments in Europe and North America.
In a press release, the fintech-focused investment firm revealed it had secured...
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’...
Financial sector executives urge banks to ‘operate more like tech companies’ to survive in this digital age.
Bain’s annual retail banking report published on Monday, Nov. 18, showed that the majority of Americans would ditch traditional banks for big established...
Salesforce, the world’s leading CRM platform, announced Tuesday that the Italian luxury sports car brand Lamborghini can now authenticate its heritage cars faster and more securely with the use of its blockchain platform, Salesforce Blockchain.
In a press release, the...
Payment and fintech giant Global Processing Services (GPS) announced Wednesday, Nov 13, the launch of its APAC hub in Singapore.
According to the announcement, which was made during the Singapore Fintech Festival, the country is set to become GPS’ new...
Financial technology division OneConnect of Ping An group filed for a $100 million initial public offering (IPO) last Wednesday, November 13, 2019.
OneConnect Financial Technology is an affiliate of Ping An Insurance Co. It provides management services and offerings for...
Brazilian financial technology startup Neon banked $94 million from the recent Series B investment round. Neon announced its successful funding round last Monday, November 18, 2019.
Neon is a digital payments bank that operates in Brazil.
According to Seudinheiro, the investment...
OPay, a fintech initiative by Opera, has received $120 million through the Series B round financed by Chinese investors, TechCrunch said. The Africa-based startup will use the fund to expand its services.
This new acquisition is in addition to the...
