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.

Pine Labs Grabs Majority Stake in Mosambee 
Pine Labs Grabs Majority Stake in Mosambee 
April 13, 2022  |  Investments

Pine Labs, the India-based eCommerce platform that provides financing and last-mile retail transaction technology, has made a significant majority investment in end-to-end payment solution provider Mosambee,...

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African Digital Bank Umba Grabs $15M for Accessible Banking
African Digital Bank Umba Grabs $15M for Accessible Banking
April 13, 2022  |  Investments

African digital bank Umba on Wednesday (April 13) closed a $15 million Series A fundraising round that will help the platform continue its growth in...

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UK-Based Flexible-Pay Platform Wagestream Raises $175M in Series C Round
UK-Based Flexible-Pay Platform Wagestream Raises $175M in Series C Round
April 13, 2022  |  Investments

Wagestream, the flexible pay and financial well-being app, has closed a Series C funding round for $175 million, a report said. This comes as the...

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FinTech Payaut Raises $8.6M From Google’s Gradient Ventures
FinTech Payaut Raises $8.6M From Google’s Gradient Ventures
April 13, 2022  |  Investments

Dutch FinTech Payaut has closed an 8 million euros ($8.6 million) seed funding round led by Gradient Ventures, Google’s AI-focused venture fund, along with participation...

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Payment Initiation Improves Expense Management for EU Users
Payment Initiation Improves Expense Management for EU Users
April 13, 2022  |  Digital Payments

Whether it’s in a restaurant, after a weekend among friends or even among tenants in a shared house, splitting bills and working out how much...

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Crypto Payment Firm Mercuryo, Volt Partner to Launch Open Banking Transactions
Crypto Payment Firm Mercuryo, Volt Partner to Launch Open Banking Transactions
April 12, 2022  |  Partnerships

Mercuryo, the London-based cryptocurrency payments company, has launched open banking payments in their cryptocurrency wallet, facilitated by payments gateway Volt, the companies announced Tuesday (April...

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Today in FinTech: Finastra Teams With Microsoft; Zevoy Plans European Expansion
Today in FinTech: Finastra Teams With Microsoft; Zevoy Plans European Expansion
April 12, 2022  |  Technology

In today’s FinTech news, Finastra and Microsoft join forces to offer lending options to small- to medium-sized businesses (SMBs), while Zevoy uses its funding round...

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Credit Startup Deserve Launches Card Platform
Credit Startup Deserve Launches Card Platform
April 12, 2022  |  B2B Payments

Credit card startup Deserve has debuted what it calls a first-of-its-kind platform that lets banks and B2B companies launch corporate credit and charge cards. “A...

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FIS Announces Banking-as-a-Service Hub for Financial Institutions
FIS Announces Banking-as-a-Service Hub for Financial Institutions
April 12, 2022  |  Banking

Financial technology firm FIS unveiled its Banking-as-a-Service (BaaS) hub Tuesday (April 12), a tool the company said provides “a full suite of banking and payments...

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