Category: FinTech
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Payback Kicks Out N26
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Payback users can usually convert their points into money. This is done via SEPA transfer to a checking account. However, this is currently no longer possible at N26, as “Mobiflip” reports. If an N26 IBAN is stored, users only receive the message “Please check the IBAN entered”. Until recently, the…
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Argentine PayTech Startup Pomelo Extends Series A!
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Argentine PayTech startup Pomelo (website) has extended its Series A funding round by $15 million, increasing its valuation by 50% over the past nine months. The investment capital was provided by existing Pomelo backers Monashees, Index, Insight, Alter Global, Box Group, Clocktower, Latitud, SciFi, and Zinal. The funds will help…
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SNB Vice President: “Cash Is Not A Given!”
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At a time when cash is being used less and less, and large banknotes, in particular, are increasingly being phased out, the Swiss National Bank is standing firm. SNB Vice President Martin Schlegel sees an essential function for this “traditional form” of transaction and store of value.
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Swedish PayTech Company Zimpler Is Expanding To Brazil!
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Zimpler (website), a Swedish-based paytech, has established its Latin American headquarters in São Paulo to serve growing local and regional markets. The paytech, which currently operates in eight European countries with offices in Sweden and Malta, is expanding beyond Europe for the first time.
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Introducing Entrepreneur Bradley Leimer!
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Bradley Leimer is co-founder of Unconventional Ventures, a company that connects founders with funders, mentors entrepreneurs, advises companies, and expands diversity opportunities in the ecosystem.
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Hong Kong FinTech Company XanPool Is Looking To Expand In Europe And Latin America After Raising $41 Million!
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XanPool, a cross-border payments infrastructure provider, is accelerating its expansion plans in Europe, the Middle East, North Africa and Latin America after raising $41 million from investors led by London-based Target Global this year. The Hong Kong-based startup bucked the global startup funding winter when it received $35 million from…
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Crypto Lender BlockFi Is Insolvent
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Following the collapse of the cryptocurrency exchange FTX, the U.S. bank BlockFi, which specializes in virtual currency, has now also filed for bankruptcy. More broadly, the BlockFi business has been on a knife-edge since the spring, when the collapse of several major crypto companies sent the market into a panic…
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RIPPLE Seeks Irish License As SEC Case Decision Looms!
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Ripple CEO Brad Garlinghouse told CNBC that the U.S.-based company has applied to the Irish Central Bank, the financial services regulator, for a virtual asset services provider license. The Ireland office will also give Ripple access to the country’s financial and technology talent pools. From Dublin, Ripple can develop and…
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The FinTech Of The Year Award Winners Have Been Announced: These Are The Winners!
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Last week, the coveted “Fintech of the Year” awards were presented by Payment and Banking during a festive gala in front of 200 guests at the Alte Stahlbau Fredenhagen in Offenbach. There was great excitement among the nominees: until the end, the last three nominees in each category on the…
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Amazon Prime Is Working on FTX Story
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An 8-part series about the crashed crypto exchange FTX is being planned by Amazon.Avengers creators Anthony and Joseph Russo are to direct the series. Amazon has ordered a miniseries on FTX, reports Variety. The Russo brothers, who have directed some of the central films of the Marvel Cinematic Universe –…