Category: FinTech
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Revolut Partners With Stripe For International Expansion
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The fintech unicorn Revolut partners with Stripe’s international to support its expansion into new international markets, including Brazil and Mexico. Stripe, the provider of a financial infrastructure platform, will facilitate the fintech’s payment processing in the UK and Europe to enable Revolut’s clients a seamless payment experience with their local…
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Maximum Money Mobility, Fraud Protection, And Money Laundering!
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An interesting report of Money Mobility Tracker®, a PYMNTS and Ingo Money collaboration, presents a survey that shows that customers of financial institutions (FI) expect both maximum money mobility and fraud protection. The faster money moves, the greater the risk of fraud but consumers typically resist fraud prevention measures, mainly…
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Indian MarketWolf Secures $10 Million In Series A Round
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MarketWolf (website), an intraday options trading app, has raised $10 million in a Series A funding round led by Jungle Ventures and Dream Capital. Existing investors and others, including 9Unicorns, iSeed, Crescent, and Riverwalk, participated in the round, which brings the company’s total capital raised since inception to $17.4 million.
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Introducing The FinTech Entrepreneur Anne Boden
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Anne Boden (Twitter) is a UK tech entrepreneur and is best known as the founder and CEO of Starling Bank. She developed the neobank with the reclusive Austrian investor Harald McPike-Zima, who reportedly invested at least £133m in Starling Bank for nearly two-thirds of the shares. Anne is undoubtedly one…
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Indian Fintech Startup CheQ Secures $10M In Seed Round
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Bengaluru-based fintech startup CheQ Digital announced Wednesday that it had received $10 million in a seed round led by Venture Highway and 3one4 Capital. Multiply Ventures, Marshot Ventures, and Veda VC also participated in the round. Naveen Kukreja, CEO of PaisaBazaar, and Shailaz Nag, CEO and founder of DotPe, are…
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Tax Platform April Raises $30 Million From Fintech Veterans!
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April, a personal income tax platform embedded in digital finance apps, successfully raised $30 million in a Series A funding round backed by Treasury, a fintech infrastructure-focused fund, and QED, Nyca Partners, Team8, Euclidean Capital, and Atento Capital. The US company, co-founded by Ben Borodach and Daniel Marcous, has raised…
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Amid FinTech Downturn Klarna Seeks Fresh Money At Imploded $6.5 Billion Valuation!
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The Swedish fintech Klarna was just Europe’s most valuable startup, with a valuation of $46 billion. Now CEO Sebastian Siemiatkowski is hoping for fresh capital for a valuation of just $6.5 billion. Not long ago, the “buy-now-pay-later” pioneer received money at a valuation of $46 billion.
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FINEXITY Offers Tokenized Luxury Watches
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German FinTech FINEXITY (website) has added tokenized luxury watches to its offering as a new asset class using blockchain technology. The specialist for tokenized alternative investments, FINEXITY, now enables investors to invest in luxury watches. For this purpose, FINEXITY has partnered with Munichwristbusters and Watchvest.
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Germany: Gini Brings OCR Update For Photo Remittance
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Gini (website) has now released an OCR update for the AI remittance feature “Photo Remittance.” With Gini Pay, customers can pay bill totals via smartphone photo, recognition via QR code with payment information, or direct sharing of a digital document with the banking app. The required information, such as IBAN…
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RIP Heymoney! Allianz Terminates Its Multibanking App!
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Allianz’s fintech prestige project, the finance app Heymoney (website), will be shut down in the coming weeks. Last week, Heymoney informed its approximately 30 employees. The number of users is said to have been just in the five-digit range. Iconicfinance, the company behind Heymoney, has not succeeded over the years…