Category: FinTech
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Zurich FinTech Crealogix Burned Half Of Its Cash!
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Crealogix is almost systemically crucial for the financial centre. From Aargauische Kantonalbank to Cler, Credit Suisse and Julius Bär to Raiffeisen and ZKB, all have ebanking solutions from the Zurich-based company. Now they may be worried about the company’s financial situation. As of June 30, revenues are down 15%, with…
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Southeast Asian FinFech Company Fazz Closes A $100 Million Series C Round!
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Fazz (website) Southeast Asia finttech, has secured $100 million in Series C funding with $75 million from Tiger Global, DST Investment, B Capital, Insignia Ventures Partners and ACE & Company. In addition, the fintech company has received a $25 million credit facility from Lendable.
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FinTech Infrastructure ProviderPower Secures A $316 Million Equity And Loan Injection.
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Power, a fintech infrastructure startup, is launching its comprehensive credit card issuing platform after a year in stealth mode and with $16.1 million in seed funding and a $300 million credit facility. The New York-based company’s seed round was led by Anthemis and Fin Capital and included CRV, Financial Venture…
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Turkish FinTech StartUp Fimple Gears Up For Global Deployment!
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Fimple (website), a Turkish fintech startup offering advanced cloud-based financial services, has already attracted significant investment – and has ambitious plans for global expansion. the Istanbul-based startup, which also launched operations in London earlier this year, has already received around $2 million in investments. It has ambitious plans for global…
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JP Morgan Snaps Up FinTech StartUp Renovite!
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The U.S. bank J.P. Morgan (website) has acquired the digital payment service provider Renovite (website), a leading cloud-native payments technology company, to counter the threat posed by fintech companies such as Block, Klarna, PayPal, and Stripe.
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FinTelegram Issued Whistleblower Request Regarding Lithuanian Crypto Processor Mirhax!
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Lithuanian crypto payment processor Mirhax recently came to our attention as a payment facilitator at the BBanc broker scam (report here). The potential BBanc victims were offered on the scam’s payment page to buy cryptos via credit or debit card using Mirhax. These are then transferred to the BBanc scammers’…
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Cyprus-Based High-Risk Payment Processor LegionPay Listed On PayRate42
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The online rating agency PayRate42 reviewed the Cyprus-based high-risk payment processor LegionPay and included it in its Green Compliance list. LegionPay offers its clients the ability to receive digital payments from all over the world via fully integrated API solutions for card processing, bitcoin deposits, and other payment options.
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Swiss Neobank Klarpay Focused On Digital Merchants And Social Media Influencers!
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Swiss fintech Klarpay is focused exclusively on e-commerce, digital merchants, and social media influencers. It offers cross-border payment acceptance and remittance solutions, including access to multi-currency IBAN accounts, global payment acceptance, and digital disbursement services. Founded in 2019 by the BDSwiss co-founder Mihkel Vitsur, Klarpay was one of the first…
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Bravo! US Paytech Finix Receives A $30M Funding At Increased Valuation!
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San Francisco-based paytech Finix has received $30 million in new funding, bringing its total capital to $133 million. New and existing investors, including The General Partnership, Franklin Templeton, American Express Ventures, Acrew Capital, Bain Capital Ventures, Cap Table Coalition, Homebrew, Insight Partners, Inspired Capital, Lightspeed Venture Partners, Precursor Ventures, PSP…
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PayTech Startup Ryft Secured Seed Round Financing!
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Irish paytech Ryft (website) has closed a seed round led by SFC Capital. Other investors include the ex-founder of Shutterstock and the founder of LoveFilm. This brings Ryft’s total funding to date to £1.2 million. Ryft enables automated next-day payouts for marketplace businesses and their merchants for a single flat…