PYMNTS
AUGUST 11, 2020
Revolut , one of the biggest players in the crowded financial technology (FinTech) sector, has yet to make a profit. The latest infusion of cash came from TSG Consumer Partners , a San Francisco-based private equity company. The company posted a total loss of $139.6 million (£106.5 million) in 2019 — up from £32.9
PYMNTS
OCTOBER 9, 2020
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.
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PYMNTS
JULY 22, 2020
Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). In May, Brex closed a $150 million funding round led by previous investor DST and new investor Lone Pine Capital, Brex said.
PYMNTS
APRIL 21, 2020
The new Hong Kong-based SoFi Invest will also offer “automated investing” along with financial advice and education, per a press release announcing the expansion. SoFi CEO Anthony Noto said, in a prepared statement, that “Hong Kong, a financial capital of Asia, is ripe for innovation and a launching pad for further expansion.”
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. Since then, the skepticism has evaporated and the CEO of Varo Money Inc. , To date, Varo has raised $419.4 million.
PYMNTS
AUGUST 8, 2019
7) that the Shanghai opening adds to Standard Chartered’s existing network of labs, which are open in Singapore, Hong Kong, Kenya, London and San Francisco. The latest lab will aim to promote collaboration between the bank’s employees, corporate clients and FinTech partners to develop new financial services for businesses.
PYMNTS
OCTOBER 9, 2019
As the operator of the Swiss financial market infrastructure, we welcome the initiative of the SNB and the BIS to conduct more research into innovative financial technologies in Switzerland. percent rate.
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