Category: FinTech
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London-Based PayTech SumUp Raises €590 Million At An €8 Billion Valuation!
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Large financing rounds continue to occur amid the economic downturn and the FinTech cool-off. The 10-year-old London-based SumUp (website) has raised €590 million in new funding round at a €8 billion valuation. These are impressive numbers and a significant amount in times of cautious VC investors bringing the FinTech’s total…
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German Thyssen-Krupp Acquires Stake In Fintech Cap-on
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The German Ruhr Group plans to offer its customers new financing models. The automotive body and plant builder Thyssen-Krupp Automotive Body Solutions wants to give its customers better access to usage-based financing models for new equipment. To this end, the company is taking a minority stake in fintech start-up Cap-on,…
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Australian FinTech CashD Aims To Redefine Payment Cycles
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CashD (website) an Australian FinTech, said traditional pay cycles had not gotten things done for many workers, especially those with “on-demand” needs. The company claims that its services also address concerns about inflation, as employees who are paid on their schedules may be a better fit.
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Ghanaian Fintech Fido Secures $30 Million in Series A Funding
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Ghanaian fintech Fido (website) has secured $30 million in Series A funding led by Fortissimo Capital and Yard Ventures to enable new products and future expansion. The investment will support the Accra-based company as it aims to launch new products and prepare for future expansion across Africa.
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Backbase Receives €120 Million And Enters Partnership With Bahrain FinTech Bay
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Backbase (website) already has some important partners, including the National Bank of Bahrain, ila Bank, Banque Saudi Fransi, Kuwait International Bank and Société Générale. Recently, Backbase raised €120 million in growth equity funding from Motive Partners. The banking platform provider also announced a partnership with the MENA fintech hub Bahrain…
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Singapore FinTech Startup Stashfin Secured $270 Million
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TechCrunch reported that the Singapore-based Stashfin (website) has raised $270 million in its Series C funding valuing the startup between $700 million to $800 million. Stashfin currently only serves customers in India. The fresh funds will be used to expand to Southeast Asia and other South Asian markets. The startup…
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Dragonfly Fintech Named Finalist In G20 TechSprint 2022 CBDC Challenge.
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The Singapore-based Dragonfly Fintech (website) has won a place in the final round of the third G20 TechSprint Global Challenge. Dragonfly is an innovative fintech solutions provider that leverages the ProximaX blockchain protocol to address the unmet digital needs of customers in banking and capital markets, driving the emerging neobanking…
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UAE-based QFIL Solutions wins “Best FinTech AI Solution”
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The UAE-based FinTech QFIL Solutions has won the “Best Fintech AI Solution” award at the IFX EXPO International – Ultimate Fintech Awards 2022, held recently in Limassol, Cyprus. QFIL Solutions received the top prize for its MAGUS AI, an AI-driven trading solution that helps investors trade while providing highly accurate,…
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SellerFunding Launches 2 New Funding Sources For Small Businesses
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E-commerce FinTech company SellersFunding is launching two new working capital products to increase its resources for small businesses. SellersFunding is a digital platform with financial products that streamline global trade across working capital, cross-border cash management, and business valuation markets. The two new products, Invoice Factoring and Purchase Order (PO)…
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Financial Management From Berlin: How Fintech Platform Moss Works!
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Transforming financial management for midsize companies is the declared goal of fintech platform Moss (website). With smart corporate credit cards, the Berlin-based company offers new ways to manage expenses. Organizing a corporate credit card with a sufficient limit as a start-up is one of the main challenges for founders. Because…