Remove Capital Remove Financial Technology Remove Innovation Remove National
article thumbnail

Varo Achieves Milestone AsĀ First Consumer FinTech To Get National Charter

PYMNTS

Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. On Friday (July 31), the Office of the Comptroller of the Currency (OCC) announced Varo Bank has been granted its full-service national bank charter. OCC is an independent bureau of the U.S.

National 172
article thumbnail

Singapore Eases Regulations Over Venture Capitalists

PYMNTS

Singapore is changing its rules on venture capital in an effort to support economic growth, reports said this week. Singapore’s central bank will no longer require venture capital managers to appoint directors that have at least five years of fund management experience as they have been.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Today In Payments Around The World: Mynt Lands $175 Million In Funding; Airtel Teams With Amazon On Video

PYMNTS

In todayā€™s top payments news around the world, Globe Fintech Innovations has landed $175 million in additional venture funding, while Airtel has teamed with Amazon to launch a mobile-only video entertainment platform. Globe Fintech, which is called Mynt, said Bow Wave Capital Management and existing investors took part in the fundraise.

Video 130
article thumbnail

VCs And SPACs Raise $1B+ To Invest In Cloud, AI And More Despite Pandemic

PYMNTS

Despite wide-ranging economic uncertainties and a challenging investment environment, venture capital (VC) firms and special purpose acquisition companies (SPACs) are actively raising or seeking fresh funds for investment in the payments space. It also plans to invest in companies where technology is a clear differentiator.

article thumbnail

Mastercard Leads Investment In Mobile FinTech Mobeewave

PYMNTS

million Series B funding round, led by NewAlpha Asset Management, Mastercard and Forestay Capital. We are delighted to have closed our Series B round of funding, led by NewAlpha and Mastercard, and including Forestay Capital,ā€ said Benjamin du HaĆæs, CEO and co-founder of Mobeewave.

Mobile 199
article thumbnail

FinTechs Take On Payment Rail Status Quo

PYMNTS

Below, PYMNTS looks at some of the other payments and financial technology companies that are either innovating on top of existing rails or looking to bypass those legacy networks altogether with entirely new solutions. Sila Raises Funding to Nix ACH. The company recently announced $7.7 and Sweden, it noted.

Fintech 209
article thumbnail

Bitcoin Daily: Binance Denies Reports Of Police Raid; Blockchain Expands To Gaming Payments

PYMNTS

“The young demographic in India give[s] an edge to adopt and build on new financial technologies, and I believe this will play a vital role in making India a global blockchain innovation center to also spur cryptocurrency adoption throughout the larger public in the country,” said CEO Changpeng Zhao of Binance in a press release.

Bitcoin 130