Category: Fintech

For the most recent details about the financial market, technology used in finance, and much more, iTMunch is your up-to-the-minute source. Keep reading iTMunch for the latest finance news!

Hire now, pay later firm Playter Pay raises £1 million

Riddhi Jain, 5 years ago 2 min read

One of United Kingdom’s fastest growing companies, Playter Pay announced that it has raised £1 million in a funding round led by several investors. The round consisted of both debt and equity which will allow the ‘Hire now, pay later’ company help small and medium-sized...

Cashplus Granted Full Banking License by Regulator PRA

Riddhi Jain, 5 years ago 3 min read

UK-based financial technology company Cashplus has finally received a full banking license from the Prudential Regulation Authority (PRU). The fintech has been serving as an e-money institution for several years, Cashplus will now provide its customers as a regulated bank. The credit card lender for...

Fractional share trading platform Wombat Invest raises £2 million seed fund

Riddhi Jain, 5 years ago 2 min read

London-based investment and trading app Wombat Invest secured £2 million in a venture funding round after setting up the business from its 2018 crowdfunding round of about £250,000. The 2 million funding round for the fractional share trading platform was led by Fuel Ventures, a...

SumUp Acquires Paysolut: Expanding Banking Solutions

Riddhi Jain, 5 years ago 3 min read

B783 London-headquartered mobile payments firm SumUp has announced the acquisition of Paysolut, a core banking solutions provider. Post the acquisition, Lithuania-based Paysolut will remain an independent company, from the management point of view. It will also have access to a massive customer base of 3...

Limepay gears up for IPO on the ASX by making 7 high-profile hires

Riddhi Jain, 5 years ago 2 min read

Australian buy now, pay later fintech Limepay is on an ‘all-hands-on-deck’ mode as it is progressing towards its listing on the Australian Securities Exchange. The fintech has managed to raise about $30 million in the past 1 year to add 7 high-profile hires to the...

NAB agrees to acquire neobank 86 400 for AU$220 million

Riddhi Jain, 5 years ago 3 min read

Melbourne-headquartered National Australia Bank (NAB) has agreed to acquire Australian neobank 86 400 for about AU$220 million and combine it with UBank, NAB’s very own digital-only bank. Moreover, the bank already owns a minority stake in 86 400 of approximately 18.3%. NAB said that the...

CommBank’s x15ventures makes 2 significant appointments

Riddhi Jain, 5 years ago 3 min read

x15ventures, a scaling entity of Commonwealth Bank of Australia announced two significant appointments – Mr Ben Heap, who has been appointed as the first independent and Non-executive Chairman of x15ventures and Ms Jane Martino, the first External Portfolio Manager at x15ventures. The ‘x’ in x15ventures...

RegTech firm Kyckr partners with fraud-prevention tech provider FrankieOne

Riddhi Jain, 5 years ago 2 min read

ASX-listed regulatory technology firm Kyckr Limited has announced a partnership with Australia’s leading fraud-prevention platform provider for fintechs, banks and financial institutions, FrankieOne. Through this partnership, clients of FrankieOne will get access to primary-source corporate information through the global registry network of Kyckr for their...

Fintech firm Kogan breached the Australian Spam Act, says ACMA

Riddhi Jain, 5 years ago 3 min read

After careful investigation, the Australian Communications and Media Authority (ACMA) has found Australian e-tailer Kogan breaching the Spam Act. ACMA says the company sent over 42 million email marketing newsletters without an easy way to opt out or unsubscribe. Kogan Australia has agreed to a...

MYOB and WEX: Revolutionizing B2B Payments

Riddhi Jain, 5 years ago 3 min read

MYOB, an Australian fintech MNC has announced a partnership with WEX, a US-based fintech services provider. Through this partnership, the two companies aim to deliver B2B payments for Aussie businesses. The partnership will give WEX customers access to the business payment platform of MYOB to...

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