Fintech Funding: Fintechs nab millions for account-to-account payments,...
Lithuanian account-to-account (A2A) payments fintech kevin. raised $65 million in a series A round, the company announced Tuesday. Founded in 2018, kevin. facilitates card-free payments between banks...
View ArticleBanks join IXB pilot for instant cross-border payments
Twenty-four banks, including Bank of America, JPMorgan and Wells Fargo, are part of a pilot project for immediate cross-border (IXB) payments in dollars and euros. The IXB pilot project involves...
View ArticleFintech Funding: Millions flow to bill-payments solution, API firm and core...
Indonesian business payments infrastructure and API suite provider Xendit on Thursday raised $300 million in a series D funding round, bringing the company's total raised to $538 million. The fintech...
View ArticleFidelity slashes Reddit, Stripe valuations after tech rout
Fidelity Investments cut valuations for several closely held technology companies, including social media platform Reddit and payment software provider Stripe. In April, Fidelity funds marked down...
View ArticleTransactions: Finexio powers accounts payable at Banc of California
Automated treasury payments solutions at Banc of California will be powered by Finexio, the companies announced last week. Finexio, an accounts payable fintech with previous buy-in from Mastercard and...
View ArticleListen: Core providers, not banks, should be ‘ready’ for FedNow
The years of anticipation surrounding the development and adoption of Federal Reserve instant payment service FedNow is a case of much ado about nothing at the bank level. Although industry experts...
View ArticlePayPal extends buy-now, pay-later push with installment loans
PayPal Holdings Inc. is pushing deeper into the rapidly expanding “buy now, pay later” arena by offering installment loans for larger purchases. Consumers will be able to make monthly payments on...
View ArticleThought Machine launches cloud-native payments platform
Core provider Thought Machine’s automated cloud-native payment platform for banks is live after 18 months of development. Vault Payments was developed specifically for banks and financial institutions...
View ArticleRevolut’s Storonsky says it has enough funding for two years
The boss of Revolut Ltd. said his fintech startup has enough funding for at least two more years and would not be looking to raise money, as venture capital dries up across the technology industry....
View ArticleTransactions: GoCardless to acquire open banking data provider Nordigen
Direct bank payments company GoCardless plans to acquire open banking data provider Nordigen later this summer in a move to grow its bank payments network, the companies announced Friday. Terms of the...
View ArticleListen: Cogent Bank launches TassatPay’s real time payment solution
The $1 billion Cogent Bank recently integrated blockchain-based, real-time payment platform TassatPay to provide its business-to-business (B2B) clients with 24/7 instant payment options. “Every part of...
View ArticleFintech Funding: UAE digital bank YAP raises $41M
YAP, a United Arab Emirates-based digital bank, has raised $41 million in funding, the company announced Monday. The bank plans to complete its series A by yearend. Investors include Saudi Arabia-based...
View ArticleKlarna’s valuation slashed by $39 billion amid fintech rout
Klarna Bank AB’s valuation has been slashed to $6.7 billion in its latest funding round, in a dramatic reversal for one of Europe’s most high-profile startups. The buy-now-pay-later giant said it...
View ArticleKids banking fintech GoHenry acquires Pixpay
U.K.-based fintech GoHenry, which provides pre-paid debit cards and a financial education app for children, this week announced its acquisition of France-based startup Pixpay, a challenger bank for...
View ArticleGoldman Sachs and Derivative Path team up to enable FX payments to regional,...
Goldman Sachs Transaction Banking recently partnered with capital markets technology derivatives services provider Derivative Path to offer regional and community banks access to in-house foreign...
View ArticleTransactions: Capital One Business teams up with Melio
Capital One Business is partnering with accounts payable platform Melio to allow its small business cardholders to pay vendors and suppliers with a card directly from their accounts, even if they do...
View ArticleMonzo aims for growth over quick profit during fintech downturn
The boss of UK digital bank Monzo Bank Ltd. said he’s targeting growth rather than immediate profit during a turbulent time for the fintech industry, after nearly doubling annual revenue while widening...
View ArticleMovers and Shakers: Solifi announces first president
Finance software provider Solifi announced this week the appointment of Mithu Bhargava as its first president. Bhargava brings more than 20 years of operational leadership in the secured finance...
View ArticleVisa in talks to invest in fintech startup Airwallex
Payments giant Visa Inc. is in talks to join an extension of the fintech startup Airwallex’s latest funding round, according to people familiar with the matter. The Tencent Holdings Ltd.-backed startup...
View ArticleTransactions: Pidgin, Bankers’ Bank partner up
Real-time payments platform Pidgin and community bank services provider Bankers’ Bank are partnering to simplify and streamline payment processes. Customers of $250 million Bankers’ Bank — with more...
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