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.

SMB Fundraising FinTech Parafin Raises $60M
SMB Fundraising FinTech Parafin Raises $60M
August 02, 2022  |  Investments

Parafin, a FinTech launched by veterans of Robinhood Markets, has raised $60 million in a new financing round. As Bloomberg News reported Tuesday (Aug. 2),...

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GrubMarket Enters Financial Services With IOT Pay Acquisition
GrubMarket Enters Financial Services With IOT Pay Acquisition
August 02, 2022  |  Acquisitions

GrubMarket has acquired Vancouver-based FinTech IOT Pay, according to a Tuesday (Aug. 2) press release. The acquisition will allow the company to use IOT Pay’s technology...

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Savana Raises $45M to Drive Digital Capabilities for Banks, FinTechs
Savana Raises $45M to Drive Digital Capabilities for Banks, FinTechs
August 02, 2022  |  Investments

Savana, a financial software startup for banks and FinTechs, has raised $45 million in Series A funding round, according to a Tuesday (Aug. 2) press...

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Tandem Bank Joins Raisin UK Savings Marketplace
Tandem Bank Joins Raisin UK Savings Marketplace
August 01, 2022  |  Digital Banking

Digital bank Tandem announced in a statement Monday (Aug. 1) that it has joined the Raisin UK online savings marketplace, providing U.K. customers with access...

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As Macro Headwinds Mount, UK Neobanks Revisit the Profit vs Growth Debate
As Macro Headwinds Mount, UK Neobanks Revisit the Profit vs Growth Debate
July 31, 2022  |  Digital Banking

The U.K. is home to popular digital-first challenger banks valued at over $1 billion such as Monzo, Revolut and Starling. Zopa, another British FinTech which...

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Kenyan Central Bank Blocks FinTechs Flutterwave, Chipper
Kenyan Central Bank Blocks FinTechs Flutterwave, Chipper
July 29, 2022  |  emea

The Central Bank of Kenya issued a letter on Friday (July 29) directing banking and mortgage CEOs to cease transactions with Kenyan FinTechs Flutterwave Payments...

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Female Entrepreneurs Poised for Boost From New Tech, Regulation, Interest in ESG
Female Entrepreneurs Poised for Boost From New Tech, Regulation, Interest in ESG
July 29, 2022  |  Startups

Female-led companies made meaningful gains in 2021, but the work of using digital technology to level the playing field for women entrepreneurs is just starting...

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Today in B2B Payments: Dick’s Sporting Goods Offers Accelerated Payments; PropelAuth Raises $2.6M for B2B Authentication
Today in B2B Payments: Dick’s Sporting Goods Offers Accelerated Payments; PropelAuth Raises $2.6M for B2B...
July 28, 2022  |  B2B Payments

Today in B2B payments, SESAMi launches an eFinancing marketplace with its banking partners, while FinLync teams up with Workday Ventures and joins its software partner...

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Today in the Connected Economy: Mastercard Names New BNPL Partners
Today in the Connected Economy: Mastercard Names New BNPL Partners
July 28, 2022  |  Connected Economy

Today in the connected economy, Mastercard names a number of new partners to its buy now, pay later program, Mastercard Installments. Also, inflation leads McDonalds...

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