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Egyptian Govt Could Move To Cash Disbursements For Needy Residents

PYMNTS

The Egyptian government is investigating the possibility of a feasible transition to a limited, new cash payment system that would replace the ration cards on which tens of millions of the country’s neediest residents currently rely for basic human needs, according to Bloomberg.

Taxes 130
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TransferWise Reports 66 Pct. Profit Growth YOY

PYMNTS

TransferWise, one of Europe’s top five FinTech startups , announced profits for the third fiscal year in a row, with revenue after taxes 66 percent higher than last fiscal year, CNBC reported on Wednesday (Sept. TransferWise raised $292 million this spring in a funding round led by Lead Edge Capital, Lone Pine Capital and Vitruvian Partners.

Report 115
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Peter Thiel-Backed Unicorn TransferWise Posts Record Profits

PYMNTS

TransferWise, one of Europe’s top five FinTech startups , announced profits for the third fiscal year in a row, with revenue after taxes 66 percent higher than last fiscal year, CNBC reported on Wednesday (Sept. TransferWise raised $292 million this spring in a funding round led by Lead Edge Capital, Lone Pine Capital and Vitruvian Partners.

Fintech 115
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Peter Thiel-Backed $3.5B FinTech Unicorn TransferWise Posts Record Profits

PYMNTS

TransferWise, one of Europe’s top five FinTech startups , announced profits for the third fiscal year in a row, with revenue after taxes 66 percent higher than last fiscal year, CNBC reported on Wednesday (Sept. TransferWise raised $292 million this spring in a funding round led by Lead Edge Capital, Lone Pine Capital and Vitruvian Partners.

Fintech 100
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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Gentle Monster Background Founded in 2011 by Kim, Gentle Monster initially struggled to break through against large brands like Luxottica which controls an estimated 30% of the US market, and is behind almost every single designer eyeglass brand you can think of, including Ray-Ban, Oakley, Armani, Ralph Lauren, Chanel, Prada and many more.

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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Virtual card issuance. Business lending and corporate cards. Fraud prevention tools. Supporting merchant partner growth. Growing the internet economy.

Online 98
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Can FinTech Walk The FinTalk?

PYMNTS

In this world, the only things certain are death and taxes. In 2011, Buffett made a $10 billion investment in the company in support of then-new CEO Ginni Rometty’s turnaround plans. LendingClub makes unsecured personal loans to consumers, mostly to consolidate and pay off credit card debt and more recently to refinance auto loans.

Fintech 183