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.

Indian FinTech Perfios Raises $229 Million to Expand Into North America and Europe
Indian FinTech Perfios Raises $229 Million to Expand Into North America and Europe
September 11, 2023  |  Investments

Perfios, an Indian B2B Software-as-a-Service (SaaS) FinTech, has raised $229 million in a Series D funding round. The round was led by Kedaara Capital and...

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Goldman Sachs Reshuffles Exec Team as Longtime COO Retires
Goldman Sachs Reshuffles Exec Team as Longtime COO Retires
September 11, 2023  |  Personnel

Goldman Sachs has reshuffled its leadership team following the retirement of longtime executive Laurence Stein. Stein has spent 27 years at the banking giant, most recently serving...

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Payments Startup Flutterwave Partners IndusInd Bank to Expand Into India
Payments Startup Flutterwave Partners IndusInd Bank to Expand Into India
September 08, 2023  |  Partnerships

African payments startup Flutterwave is reportedly expanding into the Indian market through a partnership with IndusInd Bank. This move makes Flutterwave the first African company to scale up...

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Grace Periods, Proactive Approaches Help Consumers With Overdrafts and Account Management
Grace Periods, Proactive Approaches Help Consumers With Overdrafts and Account Management
September 08, 2023  |  Banking

The data show that 20% of individuals have overdrawn their accounts in the past year as they grapple with the demands of inflation, of timing...

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Partnerships and New Tech Announcements Dominate as FinTech IPO Slips 0.9%
Partnerships and New Tech Announcements Dominate as FinTech IPO Slips 0.9%
September 08, 2023  |  IPO

Earnings season has trailed off — and now come the headlines focused on technology, partnerships and entry into new markets as FinTechs continue to try...

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Kriya and Mangopay Join Forces to Enhance B2B Payments
Kriya and Mangopay Join Forces to Enhance B2B Payments
September 07, 2023  |  B2B Payments

U.K.-based B2B FinTech firm Kriya (formerly MarketFinance) has announced a partnership with EU-based platform-specific payment infrastructure provider Mangopay. The partnership between Mangopay and Kriya will benefit...

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Westlake Financial and Pagaya Partner to Enhance Automotive Credit Decisions
Westlake Financial and Pagaya Partner to Enhance Automotive Credit Decisions
September 07, 2023  |  Partnerships

Westlake Financial has partnered with Pagaya Technologies to provide Westlake’s auto dealer partners access to Pagaya’s tech-enabled credit-decisioning product. Westlake Financial is an automotive FinTech company with nearly...

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Treyd to Expand Markets and Enhance Product Offering With New Funding
Treyd to Expand Markets and Enhance Product Offering With New Funding
September 07, 2023  |  Investments

Stockholm-based FinTech company Treyd has secured a $12 million extension of its Series A funding, bringing its total investment to $25 million. This funding will be used...

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Adyen Receives Banking License From UK Regulators
Adyen Receives Banking License From UK Regulators
September 07, 2023  |  Banking

Dutch FinTech Adyen is set to begin offering banking services in the United Kingdom. The company announced in a Thursday (Sept. 7) press release that...

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