Category: FinTech
-
AtoB Raises $155 Million To Build The Stripe Of Transportation
•
U.S.-based fintech company AtoB has received US$155 million in Series B funding to fix the trucking industry’s broken payment system. AtoB, a San Francisco-based fintech company seeking to improve the trucking industry’s broken payments system, has received $155 million in Series B funding.
-
FinTech Qenta Acquires Crypto Company Noble Money!
•
Financial insurance platform Qenta (website) has acquired digital currency company Noble Money, Inc. for an undisclosed amount, the FinTech said in a press release. Noble Money is working to scale digital currencies, starting with government adoption. The company is backed by investors that include 8 VC, Tribe Capital, Social Capital,…
-
iGaming Pioneer Softswiss Partners With Leading Paytech Praxis Tech!
•
The Cyprus-based paytech Praxis Tech announced a partnership with the igaming software giant, Softswiss, which provides its clients a full-service infrastructure, including payment processing. As an omnichannel gateway provider, Praxis Tech offers Softswiss and its more than 300 clients a vast portfolio of PSPs and cashier opportunities. The partnership enables…
-
Fintech Is Put Through The Wringer By Tiger Global And SoftBank
•
The recent troubles of fintech investment giants SoftBank and Tiger Global raise questions about the future funding of some of the most valuable fintechs. SoftBank and Tiger Global, known for their open checkbooks and overzealous fintech funding approach, lost billions of dollars as fintech and tech companies have gone under.
-
After Insolvency: Vantik Sells Customer Accounts To Fintech Rivals!
•
At the beginning of June, Berlin-based fintech Vantik had to file for insolvency. The fintech launched in 2018 with mobile savings accounts for young adults and put paid-in amounts into its own fund, from where the capital is invested in a globally diversified ETF portfolio. Vantik announced that the investment…
-
Astra Partners With Visa For Faster A2A Payments!
•
US fintech company Astra (website) has partnered with Visa to enable faster payments for millions of end users and plans to offer instant card-to-card financing as a service. Astra uses Visa Direct, Visa’s real-time payment service, to enable users to fund cards, wallets, and other accounts with their eligible debit…
-
ING integrates Fintech Lendico Into Business Banking
•
More than four years after the acquisition of the peer-to-peer lending platform operator Lendico (website), ING is now fully integrating the fintech into its own business. In doing so, the Dutch want to expand business banking as a third pillar.
-
United Fintech Hires Mitch Vine And Danny Finnerty To Expand Us Presence
•
United Fintech has expanded its team in New York with the appointment of Mitch Vine and Danny Finnerty (pictured) to expand the fintech’s US presence and provide a one-stop store for banks, hedge funds, and asset managers. The company acquires and scales innovative fintech companies in the capital markets space,…
-
Israeli Paytech Melio Firex 60 Employees!
•
The Israeli company Melio (website) raised $250 million last year at a $4 billion valuation but laid off 60 employees in its U.S. sales and customer success team due to a shift in product priorities. Founded by fintech veterans Matan Bar, Ilan Atias, and Ziv Paz, Melio is developing a…
-
UK Fintech Startup Revolut Is Hiring For Its Digital Assets Division
•
While the global tech industry is reeling from massive layoffs as startup funding declines, the U.K.’s largest unicorn is bucking the trend and going on a hiring spree. Revolut is increasing its workforce by 20%, including in the division of its digital assets, which has continued to grow despite the…