News-Fintech

Australian investment management company Praemium is set to acquire wealth management platform Powerwrap for $55.6 million through an off-market conditional takeover. Praemium already owns 15.1% shares of Australia-based Powerwrap and now...

Australian financial institutions, ME Bank and Heritage Bank have announced they will offer Apple Pay as a payment method to their customer. Australia and New Zealand Banking Group was the first...

Australian buy now, pay later company Afterpay has raised $1.05 billion in capital to expand into new international markets and maintain the sales growth momentum. As a part of the capital...

The Australia arm of QBE Insurance Australia has announced an alliance with wearable technology company dorsaVi. The partnership will give the insurance company access to dorsaVi’s wearable sensor technology and corresponding...

The Consumer Data Right (CDR) has officially gone live and in its first phase, it requires financial services to share its customer’s data when requested by the customer. The scheme has...

Melbourne-based fintech startup Zeller has managed to secure $6.3 million in a seed funding round. The funding round was led by Square Peg Capital, an Australian venture capital firm. Paul Bassat,...

On Thursday, buy-now-pay-later Splitit announced that it will be teaming up with Mastercard to accelerate the adoption of instalment payment globally. Soon after the announcement of the multi-year agreement with Mastercard,...

From 9th June 2020, customers of neobank 86 400 can link and view their Zip accounts (Zip Money and Zip Pay) and transactions through the neobank's app. The strategic partnership between...

BPAY Group, eftpos and New Payments Platform (NPP) Australia might join forces in some form to create a single, and better, payments platform for Australians. After several months of discussions with...

Melbourne-based buy-now-pay-later Openpay raises an extra $30 million (A$33.77) via an oversubscribed local institutional placement. The raise follows the announcement of the company securing A$45.44 million from Global Growth Capital on...

To accelerate its global expansion strategy, Zip Co Limited will purchase the remaining shares in New York-based QuadPay, Inc. for $403 million. Australian buy-now-pay-later company Zip Co has taken this step...

Australia’s ‘Buy-Now-Pay-Later’ company, Afterpay, formally appoints Elana Rubin as its chairman. Ms Rubin has been filling the role on an interim basis in this Australian fintech company since last year. As...

Some startups function like sprinters and others that move like a marathon. I appeared in front of Instabug when I was in Cairo in 2013. Born during the difficult period of...

Singapore-based Igloo, previously known as Axinan, has allocated $8.2 million as the insurance-tech startup seems to extend its foothold in half a dozen Southeast Asian markets and Australia. InVent, a corporate investment...

Stocks dropped in daily trading on Friday, as all significant American indices dropped in the viewing of a broadly negative jobs report.  More than 700,000 jobs were lost in the March reports,...

The COVID-19 virus is affecting every phase of our lives and becoming a profound influence on individuals, companies and community at large.  Box’s Aaron Levie Makes A Statement Box’s Aaron Levie has created...

American Airlines announced that it would waive 75% of its worldwide long-haul flights from the U.S., starting March 16 in acknowledgement to reduced demand and government travel constraints put in the...

Businesses across the spectrum are striving to face the challenges that the current coronavirus disruption presents. Few areas are directly affected as the airlines, which has resulted in an instant and severe...

President Donald Trump’s national emergency announcement, which occurred only a half-hour before the market shut, drove stocks higher Friday, giving at least momentary relaxation to shares that have been stifled this...

Hundreds of millions of traders and users in India are striving to do online transactions and utilise many popular services after the nation’s central Bank took charge of Yes Bank, the...

The coronavirus disruption could lead to at least a 3.3% fall — and as big as a 9% drop — in the number of PCs that will dispatch globally this year,...

DigitalOcean is a cloud infrastructure provider aiming for tinier business and fresher companies. It declared recently that it had obtained $100 million in current debt from a collection of investors, making its...

Self-governing air mobility business Volocopter has attached to the Series C funding round it declared in September 2019. Details About The Investment The German electrical vertical take-off and landing (eVTOL) aircraft producer published...

Superior artificial intelligence and graphics chipmaker Nvidia announced its 2020 Q4 financials recently. Specifics About The Investment The company published earnings of $3.11 billion for the quarter, a leap of 41% from the...

Riot Ventures is a Los Angeles-situated, early-stage and broad technology finance firm. Funding Specifications It is spreading out to the market to establish a $75 million secondary fund to fund the growth of...

SoftBank is the technology conglomerate that changed the investment capital industry and made ripples in the technology world with its $100 billion Vision Fund. However, it may not be ready to...

As the amount of drones increases in towns and cities across America, government offices are struggling to find ways to handle the oncoming traffic that’s assumed to clog up their airspace. Why...

Tink, the European open banking program, is revealing €90 million in new funding, only 11 months after the Sweden-headquartered company declared a €56 million round of funding. Specifications About The Investment  Co-leading this...

E-commerce sensation and D2C bright star Casper has filed to become public. The New York-based firm that put almost $340 million while single, according to Crunchbase data, assumes to trade on the...

Lenskart, an omnichannel retailer in India that markets eyewear products, stated on Friday that it had allocated $275 million in new funding round from SoftBank Vision Fund as it seems to...

Trussle, the online mortgage agent supported by the likes of Goldman Sachs, LocalGlobe, Finch Capital, and Seedcamp, has dropped its founding CEO. What Happened & Who Will Take Over  Ishaan Malhi, who co-founded...

Before we dive into a lengthy explanation of podcasts and their future, let’s take a look at the word “podcast’ itself. It was first mentioned in a 2004 Guardian newspaper article...

Nowadays, credit cards have become universal for customer transactions, and it is not difficult to see why. By intermediating payments, networks like Visa enable buyers and sellers to trade money for...

TrueLayer is a London based startup that has created a developer API program for fintechs and various nearby firms to use open banking. It has recently agreed on a strategic and economic...

Wayv is taking a huge step towards mainstreaming the cannabis enterprise.  Wayv Creates A New Market  Wayv Payments, as of 11th December 2019, is supposed to be the first digital, submissive payment solution...

Flow is a startup that assists brands and retailers in doing cross-border e-commerce business. It has allocated $37 million in Series B funding. What Does Flow Do?  CEO Rob Keve stated that thanks to...

Storm Ventures, a presently 19-year-old, Sand Hill Road venture firm in Menlo Park, Ca., has settled on $130.4 million for its sixth funding, reveals a new SEC filing.  The outfit started its...

Paytm announced on Monday it has raised $1 billion in a new financing round. As the Noida-headquartered firm, which previously ruled the local mobile payments market, strives to fight back giants like...

Meet Pixpay, a French startup that aspires to replace cash when you are giving out pocket money to your children.  Anybody that is more than ten years old can create a Pixpay...

Rhino is the insurtech startup produced by Kairos and co-founded by Kairos CEO Ankur Jain. It has announced the settlement of a $21 million Series A round, which was headed by Kairos...

The latest app, called Fabric, strives to make it easier for parents to plan for their family’s long-term economic well-being.  The Purpose of Fabric The aim is to give parents a one-stop-shop that...

Apple Arcade started the concept of all-you-can-eat subscription-based mobile gaming to the mainstream.  Google Play Pass shortly followed as a way to subscribe to a sizable collection of both apps and games...

Dream Games is a Turkish mobile gaming company established by former Peak Games employees who worked collectively on hit puzzle games Toy Blast and Toon Blast, has raised $7.5 million in...

Stock trading app Robinhood is estimated at $7.6 billion, but it just works in the U.S.  The Introduction of Alpaca Freshly funded fintech startup Alpaca does the dirty work, so developers worldwide can...

The digital payments market is projected to balloon to $3 trillion by 2023. And today, a startup that allows businesses to achieve not just payments, but also many other related services has...

If you can digitize all, real-world locations, you would automatically enhance the plan for big infrastructure projects that need buildings, bridges tunnels and the same.  Around $94 trillion in infrastructure financing is...

Three years before, the founder of LendingClub, Renaud Laplanche, took the covers off his second act; Upgrade A customer lending venture called Upgrade that now hires 350 people. The Story of Upgrade Upgrade has...

Mobile banking app Current, which started as a teen debit card managed by parents has now extended to offer personal checking accounts earlier this year.  A New Round of Investors  The company states...

Walmart declared an extension of its current relationship with the financial services provider Green Dot, which will remain to serve as the issuing bank and business manager for the Walmart MoneyCard...

Cryptocurrency market company Coinbase is starting a mobile app for its exceptional users today.  For now, you can download the Coinbase Pro mobile app on iOS, and the Android version will be...

Paidy is a Japanese financial tech startup that gives instant credit to customers in Japan. It has recently announced that it has accumulated a total of $143 million in new financing.  This involves...

Global app income extends to rise, thanks to the increase in mobile gaming and the subscription economy. The Battle Between App Stores During the third quarter of 2019, customer revenue rose 22.9% year-over-year...

According to a new WSJ report, members of WeWork’s board, involving co-founder and CEO Adam Neumann, are preparing to pressure Neumann to step down, and alternatively become We’s, non-executive chairman. The move,...

Despite high-profile failures from Visa, Stripe, and more, the Facebook-led cryptocurrency Libra Association published that 1,500 organizations have shown interest in joining the Libra project.  One hundred eighty of those fit the...

PayPal is bringing back the controversial policy around its handling of fees in the case of a refund. Commencing next month, PayPal will start pocketing the initial 2.9 percent commission fee,...

Kaszek Ventures is an investment firm who has just raised $600 million across two new funds. It has been one of the principal architects of the current boom in startup financing and...

The Silicon Valley-based stock trading app, Robinhood is ready to set shop in the UK as it has recently been given a broker’s license with regulatory approval. While the company hasn’t...

The two-year-old money lending company, BlockFi, has announced an $18.3 million in Series A funding. This funding has been led by Valar Venture’s Peter Thiel and also includes participation from Winklevoss...

As the tech industry is progressing, it is showing its effect on all the possible industries including, healthcare, marketing, and finance is no exception. To keep up with the latest trends, TD...

The world of finance is adapting technology at lightning speed rate. Everything is becoming majorly automatized, thus helping the sector to progress faster and move towards better opportunities. Trending in the...

The financial sector is on a technological boom. It is one industry that is undertaking technological advancements in each of its department. Industry professionals are becoming more aware of the upcoming...

The world of technology is taking over every domain possible. The rate at which industries are benefiting by advancing their IT is distinctively seen in each of their activities. On similar...

Trending in the latest financial tech news it has been reported that HSBC the giant banking firm has selected CGI, an IT consultancy. The firm took this decision to deliver a new...

Introduction The internet is buzzing right now as the social media giant Facebook is planning to roll out new cryptocurrency over the next year. This currency is meant to allow users to send...

In the latest finance news, Japanese Group SoftBank Corp has launched a new $5 billion fund. The generous fund will make sizable investments in Latin American technology companies. Read on to...

Trending in the latest financial tech news, challenger bank Monzo closed a £85 million investment. This has made the fintech valuation to reach a whooping £1 billion. With this, Monzo is...

According to the latest finance news, the world's biggest digital token, Bitcoin has lost more than 12 percent value from last week's gain. Following various bitcoin traders taking part in an...

According to the latest finance news, a US-based personal finance platform has secured $40 million through its latest round of crowdfunding. This round was led by Keith Rabois of Khosla Ventures,...

"London is the world’s fintech capital", the Deputy Mayor for Business, Rajesh Agrawal, said at Europe’s leading fintech conference, according to the latest fintech news. Rajesh was present at Amsterdam Money 20/20,...

According to the latest finance tech news, a senior executive at one of the top startups in the DLT space expressed that due to privacy and scalability issues, banks are unable to...

According to the latest finance news, the SBI virtual currencies that are owned by Tokyo based SBI Holdings has recently launched a cryptocurrency exchange in Japan. This cryptocurrency exchange is powered...

Being in the digital age, there is no doubt that sky is the limit for the technology sector. With so many developments and advancements happening faster than you can read this...

Previous week many witnessed cryptocurrency falling below $8000, however this week fortunately the scenario has changed. According to the latest finance news, the price of bitcoin has risen by $500 over...

According to the latest finance news, on Tuesday, 24th April 2018, Ethereum crossed a noteworthy point of reference outperforming its previous $700 stamp. In the previous week, the crypto market included...

According to the latest finance news, A UK Challenger Bank Monzo just witnessed its happiest day when 94% of their active users upgraded to the new full current account. The first prepaid...

The fifth-largest cryptocurrency is currently trending in the latest Finance news and for all the wrong reasons! Litecoin’s price dropped on Monday after news that payments processor LitePay has ceased operations....

According to the latest finance news, a meager 4 percent of bitcoin users are females. A research conducted by Google Analytics revealed that bitcoin market is dominated by males with a...

Trending in the latest financial tech news, Japanese financial holding company aims to improve efficiency and profitability by enhancing its technological prowess. In tandem with Tohoku University, Nomura Holdings has announced that...

Trending in the latest HR tech news is LOMA, insurance and financial service provider, who is all set to launch its new product that is directed to streamlining the hiring process. SelectExpress...

According to the latest cryptocurrency news, Bitcoin price has dropped over 8 percent in the past two days. In December 2017, considered as the most famous cryptocurrencies in the world, Bitcoin’s...

According to the latest news, the maker of ‘Pac-Man’ and ‘Pong’ is planning to launch its own cryptocurrency. In an announcement made last week, Atari acquired a 15% stake in a...

According to the latest cryptocurrency news, the prices of major digital currencies such as Bitcoin, Ripple and Ethereum and others have increased, as the market begins to recover after an extended...

According to the latest tech news, US Commodity Futures Buying and Selling Comission (CFTC) asked traders Bitfinex and company Tether to submit their official documents. The US regulators started probing one...

A Japanese cryptocurrency exchange has claimed it lost more than $400 million in tokens following an alleged hack on its service. Coincheck said Friday that some 500 million tokens of NEM, worth...

Initial Coin Offerings (ICO) today are like Initial Public Offerings (IPO) were during the dot.com boom – lucrative but speculative. If you are here, you’ve probably heard a couple of success...

According to the latest financial news, the Bitcoin price has increased by 10%, as the majority of the cryptocurrencies in the market have recovered. Previously, CNN reported that the major correction...

From cloud computing, market automation to autonomous cars and robots with human emotions, technology has transformed the corporate world. And now, it is taking over the financial industry too. According to...

According to the latest finance news, people who desperately want to purchase bitcoins are using credit cards and bank accounts to make payments. According to a report published by Google, the...

According to the latest finance news, Bitcoin prices have fallen nearly 40% this Friday after losing around one-third of its value in just 5 days. Bitcoin, one of the biggest and...

According to the latest finance news, Tyler and Cameron Winklevoss, twins are the first ones to invest $11 million in Bitcoin. They are also the ones who study with Mark Zuckerberg...

Currently, in the latest tech news, things like IoT, surgically assisted robotic systems, cancer immunotherapy and electric vehicles are all the rage. Yet, you could add all the gains coming from...

Royal Bank of Scotland (RBS) has officially applied the latest artificial intelligence-led technology to its wealth-management operations, as the state-backed lender is trying to gain an edge over rivals in the...

According to the latest business finance news, PayPal has launched its service called Money Pools, which helps collect group based payment as well as crowdfunding sources. This platform can thus let...

According to the latest finance news, on the 1st of November, Interac Association announced that their Interac Debit is now available on Samsung Pay in Canada. This launch is speculated to...

In the latest IT news, the identity of Satoshi Nakamoto, the computer programmer who invented the digital currency, has still remained one of the biggest mysteries of all times. Since the...

In the latest IT news, the Port of San Francisco, like many international ports and transportation hubs, is considering using digital currencies in its payment structures because it sees them as...

N26 is a mobile bank that was first available in Europe, and now according to the latest finance news, this bank would be launched in the United States by mid-2018. This would...

According to the latest finance news, Japan is planning to come up with its own digital currency called J COIN. Financial Times stated that this currency is being launched especially for...

Russia’s banking sectors is currently the trend in the financial news today. Russia's central bank has been forced to rescue two major lenders in less than a month, intensifying concerns among global...

The latest financial update has good news for the Euro zone.Euro zone private businesses ended the third quarter with much stronger growth than predicted, bolstered by manufacturers, who had their best...