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.

UAE-Based FinTech Spades Raises $2.5M in Angel Round
UAE-Based FinTech Spades Raises $2.5M in Angel Round
May 10, 2022  |  Investments

Spades, a dine-in payment FinTech based in the United Arab Emirates (UAE), has closed a $2.5 million angel round, according to a Magnitt report Tuesday...

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Today in FinTech: Points Conversion; Open Banking Merger; BNPL Growth
Today in FinTech: Points Conversion; Open Banking Merger; BNPL Growth
May 10, 2022  |  Technology

In today’s FinTech news, it’s all about buy now, pay later (BNPL). Ayden and Afterpay are teaming up for further expansion, while Canopy joins the...

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SYNQA Rebrands as Opn, Raises $120M
SYNQA Rebrands as Opn, Raises $120M
May 10, 2022  |  Investments

Payment and embedded FinTech solutions firm Opn has raised $120 million in a Series C+ funding round, the Tokyo-based company announced Monday (May 9). The...

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Entersekt, Capitec Team to Improve eCommerce Security
Entersekt, Capitec Team to Improve eCommerce Security
May 10, 2022  |  Partnerships

Device identity and authentication solutions provider Entersekt is working with South Africa’s Capitec Bank to improve the security of eCommerce payments, according to a Tuesday...

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TimePayment Acquires Equipment Financing Firm Wheaten Financial
TimePayment Acquires Equipment Financing Firm Wheaten Financial
May 09, 2022  |  Acquisitions

TimePayment, a FinTech involved in sales financing for sellers of specialty equipment, has acquired Wheaten Financial Inc., which finances purchases of equipment, especially commercial vehicles,...

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KeyBank Acquires Loan Forgiveness Counseling Service GradFin
KeyBank Acquires Loan Forgiveness Counseling Service GradFin
May 09, 2022  |  Acquisitions

KeyBank has acquired GradFin, a Philadelphia company that provides public service loan forgiveness counseling, according to a Monday (May 9) press release. Terms of the...

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Egyptian FinTech Paymob Raises $50M in Record-Setting Series B
Egyptian FinTech Paymob Raises $50M in Record-Setting Series B
May 09, 2022  |  Investments

Egyptian merchant financial services Paymob has raised $50 million in Series B financing, reportedly the largest such funding for a FinTech in that country. According...

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Price My Car, Nodifi Partner on Finance Solutions for Car Buying
Price My Car, Nodifi Partner on Finance Solutions for Car Buying
May 08, 2022  |  Partnerships

Australian online sales site Price My Car is teaming up with Nodifi, a FinTech, to offer more comprehensive finance solutions, according to a May 4...

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Today in FinTech: Revolut Wants UK Bank License; Apple App Store No Longer Takes Card Payments in India
Today in FinTech: Revolut Wants UK Bank License; Apple App Store No Longer Takes Card...
May 06, 2022  |  Technology

In today’s FinTech news, Revolut waits on a United Kingdom bank license, as well as one in the United States. Plus, new rules in India...

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