Author: Lucas Peterson
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Saudi FinTech Company Geidea Partners With Visa To Accelerate Digital Payments In Egypt!
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Fintech company Geidea has entered into a strategic partnership with U.S. financial services provider Visa to accelerate its digital payment solutions in Egypt. Under the agreement, Visa will invest in launching new payment solutions through Geidea’s point-of-sale terminals to provide seamless and secure payment solutions to merchants and small and…
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ready2order: Viennese FinTech Hires Ex-Red Bull Manager As CGO!
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The position of Chief Growth Officer (CGO) was created at the Austrian paytech ready2order (website) in 2022 to establish intensely data-driven growth with complete management responsibility. The company appointed the former Red Bull and Bwin manager Arnold Blüml (LinkedIn) as its CGO.
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Asset Manager Channel Launches £270 Million Fintech Lending Strategy!
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Investment firm Channel Capital Advisors has launched a $300 million (£270 million) fintech lending strategy to support digital lending platforms. The first tranche of $100 million (£90 million) of the asset manager’s strategy will be immediately allocated to fintech lenders seeking additional capital to fund SMEs.
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3.2 Billion Euros Per Quarter – FinTech Funding Volume Remains At Surprisingly High Level!
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In the third quarter of 2022, European financial startups raised around EUR 3.2 billion. This is far below the same quarter last year but is still significantly more than in previous years. Layoff waves, burst financing rounds, and also several insolvencies – the mood in the fintech sector is particularly…
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Former Wirecard Satellite Payabl And The German Online Gambling Business!
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The Payabl Group, founded by former Wirecard executives Ruediger Trautmann and Dietmar Knoechelmann and his wife Ayelet Fruchtlander Knoechelmann in or around 2010, is the resulting company from the merger of former Wirecard satellites. The high-risk payment processor regulated by the Central Bank of Cyprus, is evidently focused on the…
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iPayTotal Successor BitMatix And Yuvraj Singh!
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BitMatix is a high-risk payment processor and a successor of the collapsed iPayTotal. In Nov 2020, a UK court ordered iPayTotal Ltd to go into insolvency and liquidation. Many millions disappeared in the collapse of the British-Indian high-risk payment scheme, whose beneficial owners were Ruchi Rathor, Anirudh Pratap Singh Rathor,…
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Satispay Achieves Unicorn Status With €320 Million In Series D!
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Italian paytech company Satispay has received €320 million in a Series D funding round led by Addition, bringing its valuation to over €1 billion. Existing investors Greyhound Capital, Coatue, Lightrock, Block Inc, Tencent and Mediolanum Gestione Fondi SGR also participated in the round.
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FinTelegram Issued Merchant Warning Against PayStudio!
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FinTelegram issued a merchant warning against the high-risk payment processor PayStudio operated by the Portuguese Synopsis Success LDA. This legal entity has the same address as the high-risk payment processor CryptoMatix by Ruchi Rathor, who seems to be one of the beneficial owners or controlling people.
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Prosus Terminates The $4.7 Billion Acquisition Of Indian BillDesk!
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The Dutch-South African investment firm Prosus announced the termination of the $4.7 billion acquisition of BillDesk, which would have been one of the largest in India’s financial technology sector, saying conditions of the deal had not been met. The transaction would have given Prosus, which already owns fast-growing PayU, a…
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Colombian FinTech Startup Finaktiva Raises $25 Million!
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Colombian FinTech company Finaktiva has reportedly raised $25 million in a mix of debt and equity, a LatamList report said. The funding round consisted of $20 million in debt from Bancolombia and other local banks. The $5 million in equity was provided by responsABILITY, a Swiss impact investment fund that…