PYMNTS

MARCH 31, 2020

Tokyo, Japan’s digital banking startup Kyash has closed a $45 million Series C funding deal co-led by Greenspring Associates and Goodwater Capital, Kyash said in a statement on Sunday (March 30). Goodwater Capital also invested in Kyash’s Series B Round. growth equity investment firm Greyhound Capital; U.S.

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BankInovation

OCTOBER 16, 2023

London-based Zopa Bank has $95 million in Tier 2 capital to fund its growth, according to the company. The digital bank provides technology for its customers to gain access to better credit products, to transfer card balances in a way that helps pay down credit and improve their financial well-being.

Digital Banking 69

Digital Banking Capital Cards Technology 69

PYMNTS

AUGUST 3, 2020

BBVA USA is collaborating with Google to offer consumers a digital bank account through Google Pay. The Alabama-based bank holding company said the partnership is key to its strategy? of growing the bank throughout the U.S.

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Google Digital Banking Alabama Community Bank 221

PYMNTS

OCTOBER 13, 2019

The largest FinTech startup in Latin America — Brazil’s Nubank — is reporting a 25 percent increase in the number of clients since August, Reuters reported on Friday (Oct. The digital bank said at the Brazil Investment Forum in Sao Paulo that it has 15 million clients, according to Nubank founder and CEO David Vélez.

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Fintech America Digital Banking Cards 150

Gonzobanker

SEPTEMBER 21, 2023

Digital: Pigskin Pick-Ups Bankjoy , a digital banking provider, had a funding round led by the Curql Collective Credit Union Service Organization. NCR announced plans to separate into two independent, publicly traded companies: NCR Voyix , focused on digital commerce, and NCR Atleos , focused on ATMs.

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PYMNTS

JUNE 3, 2020

The COVID-19 crisis continues to upend the economy, including even the world of digital banking. As previously reported in this space, the Monetary Authority of Singapore (MAS), the country’s central bank, announced its intention to issue five digital banking licenses last year. That was before the pandemic hit.

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Digital Banking Groups Retail Strategy 131

PYMNTS

MAY 10, 2018

Capital is the lifeblood of economies, and of the companies (and yes, of course, individuals) that collectively make things and provide services … and in the age of FinTech, the capital comes digitally and across innovative channels. Within the FinTech space, there may be a resurgence of sorts for one firm.

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Capital Fintech Kansas United States 122

Gonzobanker

DECEMBER 8, 2021

Hot embers continue to glow in the fintech market that GonzoBanker mothership Cornerstone Advisors serves. According to CB Insights, US fintechs raised $14.6B Some perspective on how fast this fintech market is moving: Fintech Labs tracks 269 $1B+ valued fintech unicorns that have been founded in just the past two decades.

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Fintech Los Angeles Lending Analytics 210

PYMNTS

SEPTEMBER 11, 2019

Kuda, Nigeria’s first digital-only bank with a standalone license, has raised $1.6 Unlike other FinTech startups, Kuda was granted a banking license from the Nigerian Central Bank. Kuda is the first digital-only bank in Nigeria with a standalone license.

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Digital Banking Fintech Google Software 181

BankInovation

JULY 8, 2022

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 Aljazira Capital, Abu Dawood Group, Astra Group and Audacia Capital.

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Digital Banking Fintech Capital Groups 52

PYMNTS

OCTOBER 5, 2020

Nexi , the Italian digital payment company, agreed Sunday (Oct. 4) to buy its FinTech competitor, SIA , for about 4.6 The transaction will create a company with a combined market capitalization of around 15 billion euros ($17.6 This is not the first mega deal involving FinTech companies.

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PYMNTS

FEBRUARY 21, 2020

To be the bank, buy the bank. Earlier this week, a FinTech took the leap into the full spectrum of financial services, perhaps paving the way for future mashups. The $185 cash and stock deal would bring an online bank with $1.4 The $185 cash and stock deal would bring an online bank with $1.4

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Digital Banking Conference Samsung Fintech 224

Bank Innovation

MARCH 28, 2016

Last week we looked at a group of fintech companies spanning the world with a suite of Series B rounds. Feeling out of place? The five startups below may have the frontier know-how you need. This week the common denominator lies in the oddball assistance needed by entrepreneurs, businesses, and investors Read More.

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PYMNTS

OCTOBER 8, 2020

As cloud technologies emerge to help financial institutions (FIs) drive digital innovation, Finastra has introduced its Fusion Payments To Go offering for small and medium-sized banks. In addition, Monese adopted Thought Machine’s cloud banking platform. Alacriti Collaborates With The Clearing House on RTP.

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Innovation Technology Fintech Payments 301

PYMNTS

JANUARY 3, 2020

In late June, the Monetary Authority of Singapore (MAS) sent a ripple through the global financial services ecosystem with the announcement of its intention to issue five digital bank licenses to eligible applicants. Only two of the licenses will full digital banking licenses, while the other three will be wholesale banking licenses.

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Digital Banking Groups Regional Mobile 130

PYMNTS

JANUARY 25, 2021

German neobank N26 hired Dr. Jan Kemper as its new chief financial officer (CFO) as the Berlin-headquartered FinTech looks toward a future initial public offering (IPO). In his eight years at the startup, he helped grow market capitalization to 11 billion euros from 2010 to 2017. Its most recent valuation was $3.5

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Chris Skinner

JULY 21, 2017

The problem is that old systems and legacy technologies stop the bank moving forward into the nimble and agile future on offer today, and this is exactly what FinTech start-ups believe they can exploit as it is clearly a weakness for the large banks.

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Fintech System Apple Technology 361

PYMNTS

OCTOBER 6, 2020

Singapore-based FinTech platform Nium is expanding into the Middle East, the company announced on Monday (Oct. Ayoub Jemail has been assigned the role of general manager of business development for the region, the company stated in the announcement on its website.

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PYMNTS

FEBRUARY 17, 2020

FinTech startup EasyEuro — based in both Paris, France and Shenzhen, China — has closed a $4 million pre-funding deal to launch a Neobank (a 100 percent digital bank) that will target Europe and China simultaneously, the company announced in a recent blog post.

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Fintech Capital Regional Digital Banking 176

PYMNTS

JANUARY 13, 2021

Paytm offers a wide array of digital products throughout India, including a merchant payment platform, money transfers, and bill payments. The company, which was valued at $16 billion during a 2019 funding round, is backed by Chinese FinTech titan Ant Financial and Japanese conglomerate Softbank, Reuters said.

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Digital Banking Conference Lending Payments 156

PYMNTS

MAY 27, 2016

The digital banking industry is heating up — and fast. As a result, these capabilities are evaluated, and in turn, each company ranks in one of two categories — Business to Consumer and Business to Business — depending if the provider offers direct bank-to-customer services or digital banking solutions for banks.

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Digital Banking Fintech Software Industry 116

PYMNTS

OCTOBER 9, 2020

In today’s top news in digital-first banking, the government of the Philippines is considering limiting the number of digital banks that run in the country, while Ripple introduced its Line of Credit beta offering. Philippine Government Considers Digital Bank Limits.

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Digital Banking cryptocurrency America Meeting 132

PYMNTS

JANUARY 18, 2021

Singapore-based FinTech Grab is mulling a U.S. If the company chooses to proceed, the IPO could be the largest market debut ever made by a Southeast Asian company on a foreign exchange. If the company chooses to proceed, the IPO could be the largest market debut ever made by a Southeast Asian company on a foreign exchange.

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PYMNTS

NOVEMBER 19, 2019

The Monetary Authority of Singapore is offering as many as five digital banking permits to non-banks to boost competition. Ant Financial is worth around $150 billion, making it one of the most valuable private sector FinTech companies in the world. billion) in capital and local control. billion ($1.1

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Digital Banking Capital Taxes Groups 101

PYMNTS

NOVEMBER 29, 2018

As evidence that sandboxes are ever-increasingly a global phenomenon, Kuwait’s central bank put forth guidelines this week that are geared toward companies seeking to meld financial technology (FinTech) and financial services (FinServ). FinTech Efforts In Africa. The sandbox, Reuters reported, has four phases.

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Fintech Guidelines Mobile Training 167

PYMNTS

JULY 31, 2020

Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. the San Francisco-based online bank, had the last laugh. Varo is the first consumer FinTech to receive a new national bank charter from the U.S. Varo Bank N.A.

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National Fintech San Francisco Connecticut 172

Bank Innovation

APRIL 26, 2018

based digital bank Revolut has raised $250 million in a Series C, boosting the company’s valuation to unicorn status. The company, which is now worth $1.7 This new raise brings the amount of money the digital […].

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Capital United States Digital Banking Marketing 244

PYMNTS

SEPTEMBER 8, 2020

In the mad dash for small firms to secure capital, many sought their PPP loans from banks other than their usual financial service providers, creating a logistical nightmare for financial institutions (FIs) that still rely on manual and outdated customer onboarding workflows. On Tuesday (Sept.

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PYMNTS

JULY 31, 2019

And that’s where we come to FinTech. As PYMNTS readers know, the role and appeal of FinTech is increasing significantly as consumer demands rapidly change, and technology and regulatory efforts encourage further innovation in digital payments and global transactions. FinTech Partnerships.

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Fintech Innovation US Payments 192

Gonzobanker

JANUARY 4, 2022

These fintech and banking trends should be on financial institutions’ radar in the year ahead. This list of top banking and fintech trends for 2022 won’t tell anyone anything they haven’t already heard about. Trend #2: The Cryptofication of Banks. It’s meant to help financial institutions plan for 2022—i.e.,

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Trends Fintech social media Strategy 188

BankInovation

SEPTEMBER 8, 2020

CB Insights last week unveiled its Fintech 250 list, which compiles what it deems the 250 best private fintech companies of 2020. “The The financial services industry continues to attract tech companies that transform how people and businesses spend, save, borrow, invest, and more,” the report read.

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Fintech Capital Digital Banking Industry 64

PYMNTS

FEBRUARY 26, 2020

The London-based FinTech B-Social raised £7.8 million in seed funding as it prepares to rebrand as Kroo and become a full-fledged bank, reports said on Wednesday (Feb. The only investor revealed was Rudy Karsan from Karlani Capital; the others are undisclosed. banking license. In 2018 , the company raised £3.2

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Fintech Digital Banking Lending Meeting 130

PYMNTS

OCTOBER 22, 2020

The panel included: Doug Bergeron , managing partner at Hudson Executive Capital ; Ian Drysdale , executive in residence at Great Hill Partners ; Amit Jhawar , venture partner at Accel and Rick Roberts , analyst and portfolio manager at Vulcan Capital. Special purpose acquisition companies (SPACs) are certainly heating up.

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Fintech Capital Innovation Data 169

PYMNTS

NOVEMBER 22, 2019

Talk of a decelerating FinTech venture capital market continued to mount this week with reports that digital banking startup Aspiration is struggling to raise money. Venture Capital Funding. raised $10 million from SEB Bank and Seed Capital for its commercial card technology.

Strategy 109

Strategy Fintech Capital Lending 109

PYMNTS

APRIL 16, 2020

three California technology companies, all wanted a piece of the federal government’s $350 billion loan program, which was designed to keep businesses in the black during the COVID-19 pandemic. . FinTech companies have dramatically expanded the reach of traditional lenders, the paper wrote. PayPal Holdings Inc., Square Inc.

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Fintech Lending Software Training 160

PYMNTS

JANUARY 15, 2020

Brazil’s unicorn FinTech and payments startup EBANX is trialing a digital wallet, called Ebanx Go, with 10,000 consumers on a test basis, the company announced on Wednesday (Jan. The digital wallet offering is intended to solidify the FinTech’s reach in the Brazilian payments market.

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Fintech America Payments Capital 169

Gonzobanker

MAY 4, 2020

All the capital flowing into the digital fintech space is helping to solve banking industry challenges. As the industry’s appetite for digital technology grows, the capital that’s been flowing into mostly digital-focused fintech is solving real industry challenges right now. Stripe: The.

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Fintech FDIC Capital Community Bank 109