FinTech

Financial technology, often shortened to fintech, is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance.

UK FinTech Banked Raises $15M for US Expansion
UK FinTech Banked Raises $15M for US Expansion
November 15, 2022  |  Investments

U.K.-based FinTech Banked has raised over $15 million in a Series A round, according to a press release on Tuesday (Nov. 15). The round was...

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Neobank Varo Begins Offering Zelle Access
Neobank Varo Begins Offering Zelle Access
November 15, 2022  |  Digital-First Banking

Varo will offer the peer-to-peer payment network Zelle as part of its mobile app, the digital bank announced Tuesday (Nov. 15). With this launch, Varo says it has...

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POSaBIT Debuts New Version of Cannabis Sales Platform
POSaBIT Debuts New Version of Cannabis Sales Platform
November 15, 2022  |  Payment Methods

Cannabis industry FinTech POSaBIT has debuted an enhanced version of its point-of-sale platform as the sector sees continued demand for new payment services. According to...

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Opn Enters US Payments Market With $400M MerchantE Deal
Opn Enters US Payments Market With $400M MerchantE Deal
November 15, 2022  |  Acquisitions

Japanese FinTech unicorn Opn has entered the American payments market with its purchase of MerchantE, a B2B digital commerce platform. “With the acquisition, Opn’s global...

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FinTech Mercury Financial Hires Barclays Exec Jason Whiting as CFO
FinTech Mercury Financial Hires Barclays Exec Jason Whiting as CFO
November 14, 2022  |  Personnel

FinTech company Mercury Financial is reportedly adding Barclays veteran Jason Whiting as chief financial officer (CFO).  Whiting has more than two decades’ experience at both...

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Indian FinTech Lentra Nets $60M on $400M Valuation
Indian FinTech Lentra Nets $60M on $400M Valuation
November 14, 2022  |  Investments

India-based lending software provider Lentra has raised $60 million in a Series B funding round and said it will use the new capital to expand...

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LianLian Partnership With European FinTechs Boosts eCommerce Financing Offering
LianLian Partnership With European FinTechs Boosts eCommerce Financing Offering
November 14, 2022  |  eCommerce

Cross-border payment service provider LianLian Global is teaming up with three European FinTechs to boost financing options for eCommerce merchants. The company said named the...

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Remittance Firms Jostle for Dominance in Competitive UK-Nigeria Corridor
Remittance Firms Jostle for Dominance in Competitive UK-Nigeria Corridor
November 14, 2022  |  Cross-border Payments

Nigerians living in the U.K., — approximately 178,000 as of last year per the Office for National Statistics — have consistently ranked among the top...

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Staack Launches Crowdfunding Campaign for Cannabis Industry Solutions
Staack Launches Crowdfunding Campaign for Cannabis Industry Solutions
November 14, 2022  |  B2B Payments

FinTech Staack has launched a crowdfunding campaign to help it build a solution that will provide digital payments and access to business financing to cannabis...

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