Category: FinTech
-
Global Accounting & Fintech Festival ExpensiCon Returns To Italy In 2023
•
Expensify, a payments app that helps individuals and businesses worldwide simplify financial management for expenses, corporate credit cards and invoices, today announced the re-launch of ExpensiCon, May 18-22, 2023, in Puglia, Italy. An exclusive group of world-class accountants and fintech titans will be invited to the festival for five days…
-
$10 Fillion For Viennese Controlling Fintech Helu
•
Founded in 2020, the fintech Helu (website) has set itself the goal of becoming the standard for SMEs in reporting, controlling and budgeting. Now the Viennese company has secured $10 million in funding in a Series A round led by CommerzVentures and VC firms IRIS and Speedinvest. This brings the…
-
Sudanese Fintech Bloom Gets $6.5M!
•
Bloom (website), a Sudan-based fintech company that offers a high-interest savings account and digital banking services, has secured a $6.5 million seed round funding. That funding round included fintech giant Visa, Y Combinator, U.S.-based VCs Global Founders Capital (GFC) and Goodwater Capital, and UAE-based early-stage venture firm VentureSouq.
-
China Merchants Bank Cancels 5-Year FinTech Project With JD!
•
After more than five years of working on a FinTech project with the Chinese e-commerce marketplace operator Jingdong Digits Technology Holding d/b/a JD (JD.com) and Joybuy (Joybuy.com), China Merchants Bank (CMB) has decided not to proceed with its planned direct banking joint venture. CMB’s board provided no reason for withdrawing…
-
Berlin-Based BaaS Provider Solarisbank Becomes Solaris!
•
The Berlin-based Banking-as-a-Service provider Solarisbank (website) wants to be perceived primarily as a tech company, not as a classic bank. Consequently, Solarisbank is removing the word “bank” from its name and will thus only be called Solaris. The company intends to change its legal form and become an international SE…
-
Platform For Joint Deals – Bunch Receives €7.3 Million
•
The Berlin-based fintech Bunch (website) closes a funding of €7.3 million led by early-stage investor Cherry Ventures. Finleap creator Ramin Niroumand’s fund, Embedded Capital, has also participated. He had previously invested. Other backers include business angels, Kinnevik shareholder Cristina Stenbek, tech stock expert and podcast host Philipp Klöckner and Moonfare’s…
-
Berlin-Based Neobank Vivid Closes Its Russian Office
•
Berlin-based neobank Vivid Money has closed its staffed Moscow office. “We have more or less stopped office operations in Moscow,” stated co-founder Alex Emeshev “We also can no longer fund the office from outside.” Founded by former managers of Russian Tinkoff bank, Vivid had a large team in Moscow, with…
-
Cashfree Payments Receives RBI Approval To launch Product Enabling Purchase Of Listed Shares On Foreign Exchanges
•
Cashfree Payments, a leading Indian payments and API banking solutions provider, announced that it had received the green light from the Reserve Bank of India (RBI) for its cross-border payments product. The approval came after the company successfully tested the solution during the RBI’s second cohort regulatory sandbox for cross-border…
-
Turning Point! UK Neobank Starling Achieves Profitability!
•
Founder and CEO Anne Boden had committed months ago, announcing that Starling Bank would become profitable before the end of 2022. As a matter of fact, the digital bank swung to a pre-tax profit of £32.1 million for the financial year ending 31 March 2022 from a pre-tax loss of…
-
Berlin-Based Fintech Penta Sold To French Competitor Qonto!
•
PayNews42 reported the rumors a few days ago. Friday morning, the two companies announced the transaction in blog posts. The Paris-based fintech Qonto acquired its German competitor Penta. The transaction is expected to be finalized in the coming weeks.