Category: FinTech
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Logistics Startup Everstox Cooperates With FinTech Banxware To Offer Financing To Online Retailers!
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Online retailers will, in the future, also be able to obtain financing via the logistics platform Everstox. The money and scoring run through the Fintech Banxware of Miriam Wohlfarth. Other partners include, for example, the platform Lieferando.
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Seven Million Customers: Turkish Super App PayCell Set To Conquer Europe!
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Billion-dollar mobile operator Turkcell plans to bring its super app Paycell to Europe – and is counting on bank fintech Solaris as a partner. The Turkish fintech wants to manage its expansion from an office in Stuttgart. PayCell has 7 million clients. German neobanking pioneer N26 had to expand into…
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Latin American PayTech Company Kushki Acquires Mexican Company Billpocket!
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Latin American payment solutions provider Kushki is close to completing its acquisition of Mexican paytech company Billpocket. Founded in 2012, Billpocket enables businesses to accept card payments. The company received $6.8 million in Series A funding in 2019, according to Crunchbase.
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Berlin FinTech Mondu Receives A €20 Million Loan!
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The “buy-now-pay-later” provider Mondu receives new capital. The Berlin-based fintech has secured a €20 million loan from Germany’s Vereinigte Volksbank Raiffeisenbank. Mondu plans to use the money to drive international expansion and open an office in the Netherlands.
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GoHenry Raises £50 Million To Accelerate Global Expansion!
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GoHenry, the prepaid debit card and financial education app for kids and teens has raised £50 million in its latest growth capital round. The debit card and app for kids provider doubled revenue to $42 million during COVID and recently acquired European FinTech Pixpay.
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FinTech Railsr Closes A £40 Million Series C For An Embedded Financial Service!
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Embedded finance platform Railsr, formerly known as Railsbank, has closed a £40.4 million Series C round, consisting of £22.8 million in equity and £17.6 million of debt. Nigel Verdon, CEO and co-founder, said, “I’m delighted that less than four months after Railsbank’s transformation into Railsr, we’ve reached another milestone and…
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Whistleblowers Blacken Swiss FinTech And EY
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Whistleblowers have made serious allegations against Leonteq. In addition, EY’s auditors are said to have preferred not to look too closely at the long-standing client. Whistleblowers say EY has downplayed suspicions of money laundering and tax evasion in an investigation of its long-standing client Leonteq, the Financial Times (FT) reported.
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Crypto PayTech Neutronpay Receives $2.25 Million In Seed Funding!
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Neutronpay, a startup that enables consumers and businesses to send and receive payments through Bitcoin’s Lightning Network, has received $2.25 million in seed funding. The round was led by Hivemind Ventures and saw participation from Republic, Cavalry, Ride Wave, Studio, Fulgur Ventures and Iterative.
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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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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.