Author: Lucas Peterson
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Wanted: Vanished Serbian BoomBill Allegedly Stole Millions From Its Merchants!
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The vanished BoomBill was the trading name of the Serbian Boom Financial Management DOO, registered in Belgrade. It was a merchant of record or master merchant of Xcepts and allegedly used a fake individual and a fake company to receive an account from Xcepts. Boom had many sub-merchants, one of…
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$50,000 To Be Won In Ecobank’s 2022 African Fintech Challenge!
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Pan-African banking group Ecobank Group announced the launch of the fifth edition of the Ecobank Fintech Challenge, encouraging African fintech entrepreneurs to participate in the competition. The group says the best fintech selected that aligns with the bank’s strategic objectives will have the chance to win a USD 50,000 cash…
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FinTech Atlantic Money Praises The “Great Work” Of Wise, Revolut, And PayPal – And Wants To Acquire Them!
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Wise, Revolut & Co have made a name for themselves with low fees for foreign transfers. Atlantic Money says: We can do it better and much cheaper. The founders of FinTech Atlantic Money do not lack self-confidence and aim to surpass their competition.
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Fintech Bank Receives An Investment License.
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Berlin-based Fintech Vivid has received permission to provide investment advice through its Dutch subsidiary. Neobank aims to offer a “super app” for all financial services. The neobank has received an investment license from the Dutch Financial Markets Authority (AFM).
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BLKB Continues To Expand Its FinTech Portfolio With Parashift!
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Basellandschaftliche Kantonalbank (BLKB) is stepping on the accelerator and taking another tech company on board. The largest bank in the Basel area is also pursuing big goals in the FinTech sector. The portfolio of participations and cooperations has been growing recently at a relatively high pace.
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OneConnect Is Among The 2022 IDC China FinTech Top 50 Companies For The 3rd Year.
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OneConnect Financial Technology Co., Ltd, the leading Technology-as-a-Service (“TaaS”) provider, was included as part of the 2022 IDC China Fintech Top 50 for the third consecutive year during the 2022 IDC Digital Finance Awards in Beijing held on August 18. Awarded by International Data Corporation (“IDC”), the award recognizes the…
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Fidelity, BlackRock Cut The Valuation Of FinTech Giant Ant!
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Fintech giant Ant Group Co.’s valuation has been lowered again by global investors who bought private shares ahead of its suspended initial public offering. According to Bloomberg, Fidelity Investments lowered its estimate for Ant to $70 billion in late May. That’s down from $78 billion last June, and $235 billion…
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Mexican Fintech Company Covalto To List On Nasdaq Via SPAC!
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Mexican digital and banking services platform Covalto (website) announced that it would list on the Nasdaq through a Special Purpose Acquisition Company (SPAC). The deal values the company, formerly known as Credijusto, at an implied pro forma enterprise value of $547 million and could generate up to $177 million in…
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Former Austrian Politician Koestinger Appointed CEO At Mountain-View Data!
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The fund and financial data provider Mountain-View Data, which works not only with ESG data but also with data on cryptocurrencies is the new entrepreneurial home of former Telecom and Austrian Agriculture Minister Elisabeth Koestinger. The latter left politics in May 2022 as one of the closest confidants of former…
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Indian Fintech Uni Suspends Card Services In Face Of Central Bank Guidance!
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Indian Buy-now-pay-later card startup Uni (website) plans to temporarily suspend its card services in the South Asian market due to the local central bank’s digital lending guidelines. The fintech, which is backed by General Catalyst, Elevation Capital, and Lightspeed Venture Partners, confirmed that the cards will be inactive until further…