Swedish payments firm Klarna is in talks with investors for a new round of funding which would value it at more than $10 billion, three sources said, as it attempts to expand its business in the United States.
The fintech industry has been growing steadily in Vietnam, fueled by increasing smartphone and Internet penetration, the country’s young population, and its rising middle class.
Dutch fintech Ohpen has acquired cross-border loan and mortgages Software as a Service (SaaS) provider Davinci.
Fintech savings app Chip is aiming to become the UK’s next unicorn as it heads for its Series A, including a £10m crowdfunding round. Chip raised £7m back in November 2019. Since then it has boomed thanks in part to a higher demand for savings and investment services during lockdown.
Who doesn’t fancy the idea of having access to your own money as soon as you’ve earned it, rather than waiting until the end of the month? That’s the bet that an increasing number of European startups are making.
A NEW Chartered FinTech Professional (CFtP) qualification will be introduced to develop fintech professionals in Singapore and China, and build a sustainable pipeline of international fintech talent.
Although digital technology was permeating the payments space prior to the pandemic, few would contend that changes haven’t now been accelerated.
The ability of incumbents to innovate with the agility of disruptors has long been perceived as an uphill battle with unmatched opponents clambering to take lead position. Alex Bannister, director of strategic partnering at Nationwide Building Society, argues that rather than being borne strictly out of competition, the best innovation comes from looking to where demand lies and acting upon that need.
Using data-driven insights to ensure creditworthiness, Asia’s emerging fintech startups are upending traditional loans to empower SMBs.
In this day and age, there is literally a digital tool for everything. But when you’re a startup with limited resources, you need to choose the right tools—the ones that improve your productivity and maximize your growth.
Fintechs may be transforming financial services in terms of tech, but the sector’s progress is distinctly less notable when it comes to tackling gender equality. In fact, the lack of diversity at C-suite level is arguably as archaic as the legacy systems the industry seeks to disrupt.
Following confirmed partnerships with Westpac New Zealand and a soon-to-be-announced UK bank, the free-to-use CoGo app has now raised over £4m in investment as it aims to cement its position as the essential ethical and sustainable living platform by using funds to accelerate growth in the UK and New Zealand.
FinTech is undoubtedly shaping the face of the healthcare industry. FinTech companies leverage powerful innovations blockchain, artificial intelligence, and machine learning to eliminate the inefficiencies and knowledge gaps endemic to most healthcare payment plans.
The former Portuguese colony located in the western coast of Southern Africa, Angola, for those that are aware of its history and economy, is one that is tied to oil. The country is an Organization of the Petroleum Exporting Countries (OPEC) member. From data from the end of 2018, oil production and its supporting activities contribute about 50 percent of its gross domestic product (GDP). Breaking that down, that was over 70 percent of government revenue and over 90 percent of the country’s exports. Given the drop in recent memory of the price of oil and other issues, can industries like fintech be a solution for Angola’s economy?
German peer-to-peer lender auxmoney has raised a mammoth €150 million in growth capital in an investment round led by Centrebridge Partners.
Fintech has long been a sector on the rise, but could the coronavirus pandemic finally be the thing which makes financial technology the norm for everyone?
Cryptocurrencies have gained attention in recent years, especially due to the pandemic. More and more people, institutions, and even governments are joining in the conversation as time goes by. In this article, Konstantin Anissimov, Executive Director at CEX.IO, delves a little deeper into the world of crypto payments and asks just when we might see them as an everyday reality.
PayPal has launched Pay in 4, a short-term interest-free buy-now-pay-later instalment offering for merchants in the US.