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Quona Capital Raises $203M For FinTech-Boosting Fund

PYMNTS

The fund will set its sights on FinTechs and financial organizations in Africa, Latin America, India and Southeast Asia. With the fund’s latest close, Quona Capital ’s assets under management (AUM) are at $363 million. The Accion Quona Inclusion Fund originally had a goal of raising $150 million.

Capital 141
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Paya FinTech To Go Public With Special Merger, New Investors

PYMNTS

Paya , an eCommerce FinTech, plans to go public through a special kind of merger with an investment company, according to a press release. Paya is set to merge with FinTech Acquisition Corp. The deal is part of the move toward market consolidation for FinTechs. The deal values Paya at about $1.3 ” Betsy Z.

Fintech 159
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Razer Fintech, Visa Pitch New Prepaid Card To Young Adults In Singapore

PYMNTS

Razer Fintech and Visa have unveiled a new prepaid card, dubbed the Razer Card, now in its test phase. The Singapore-based financial technology company said the move is part of its goal of establishing “the world’s first global youth bank.”.

Cards 150
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Mastercard, EedenBull Extend Into Asia Pacific

PYMNTS

Mastercard and Norwegian financial technology (FinTech) company EedenBull have agreed to expand their partnership to the Asia Pacific region, the firms announced Monday (June 29). The service, offered by a network of banks in the Nordics, has been adopted by more than 10,000 registered businesses, the FinTech company said.

Fintech 248
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IMF’s Lagarde Calls Out FinTech As Industry Disruptors

PYMNTS

International Monetary Fund Managing Director Christine Lagarde issued a warning over the weekend about the impact artificial intelligence may have on the financial system across the globe. But it has also led to two firms controlling more than 90% of the mobile payments market.”

Industry 190
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Meet Our 2023 FICO Decisions Awards Judges

FICO

Meet Our 2023 FICO Decisions Awards Judges. FICO has announced its panel of independent judges for the 2023 FICO® Decisions Awards , which honor businesses achieving outstanding results using analytics and decision management technology to grow their business, manage risk and reduce costs. Saxon Shirley. by Nikhil Behl.

Meeting 52
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Ant Group Curbs Credit Limits Of Some Users Of Virtual Credit Cards

PYMNTS

That arm of the financial technology (FinTech) giant offers a virtual credit card. Chinese regulators are looking to strengthen the rules for FinTechs. Ant is the financial arm of Alibaba, which could be the world’s biggest eCommerce company. The company did not elaborate.

Groups 242