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Indonesian FinTech LinkAja Closes $100M Series B Led By Singapore Super App Grab 

PYMNTS

Indonesian FinTech LinkAja closed a series B funding round led by Singapore super app Grab, with participation from Telkomsel, BRI Ventura Investama and Mandiri Capital Indonesia. . “We LinkAja is among the only FinTech startups created by BUMN. We are very enthusiastic about joining Grab as one of our shareholders.

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FinTech Oxygen Introduces eBanking Solution For Gig Economy

PYMNTS

By using digital technology and tapping the right network of industry leaders, he was able to create a banking platform for people in situations like he was as a consultant. workforce by 2027. Ahmed launched Oxygen when he encountered banking problems while running a freelance consultancy business.

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Modern Card Issuer Marqeta Is Going Public. Here’s What It Means For Payments Tech & Issuer Innovation

CB Insights

It handles the back-end payment technology while working with banks that process the payment transactions. . FREE DOWNLOAD: STATE OF FINTECH q1’21. Amid the pandemic-driven acceleration of e-commerce and shift to digital payments, Marqeta has seen rapid growth in revenue and demand for its card-issuing technology.

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Legacy Banks Embrace APIs To Counter Competitive Cycle

PYMNTS

Legacy banks around the world have been under tremendous pressure in recent years to transform their business models, as upstart FinTech companies are removing the barriers to entry and credit access that have kept large numbers of growth businesses and consumers out of the market. The report showed that investments hit a record $27.4