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ADVANCE.AI Consortium Seeks Singaporean Digital Banking License

PYMNTS

Yet another business consortium vies for a lucrative, wholesale digital banking license, according to reports. The license bid is “an opportunity for us to impact an underserved segment,” said Mi Li, ADVANCE.AI’s chief marketing officer. billion in capital on hand, and be governed by Singapore leadership.

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FinTech Revolut’s Losses Triple As Customer Base Grows

PYMNTS

With its losses mounting, the London-based digital bank may need to tap into its corporate reserves to keep up with its expansion plans. Revolut attributed the losses to its expansion into new markets and the introduction of new products. The FinTech has since expanded to offer business banking. million (£106.5

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Southeast Asia B2B FinTech Keeps VC Wheels Turning

PYMNTS

With social distancing and an economic downturn the new reality for many markets around the world, venture capital is expected to slow significantly. Yet demand for contactless payments and digital, automated financial solutions means FinTech funding may not take as hard of a hit as other startup segments. In the U.S.,

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Japanese FinTech Kyash Notches $45M Despite Pandemic

PYMNTS

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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Pandemic Impact Affects Singapore Digital Bank License Decisions

PYMNTS

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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Fintech Deals to Watch: Back to School

Gonzobanker

Most fintech companies are fine, but they’ve stopped blowing off econ class for mimosa brunches. Especially in fintech, which had the roughest semester last spring. Fintech is still alive and well, Gonzobankers, and fintech deals are still happening. Banks Bought More Fintechs (Until Sum mer Break Started!).

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Fintech Deals to Watch: Growing in the Digital World

Gonzobanker

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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