Leading digital international money transfer company WorldRemit announces today a partnership with Varo Money, the leading fintech in digital banking in the U.S. The partnership will enable Varo customers direct access in the Varo app to the WorldRemit service, making it easy for Varo customers to send money abroad directly from their mobile phones.
As cybercrime continues to evolve and expand, a startup that is building a business focused on endpoint security has raised a big round of funding. SentinelOne has picked up $200 million, a Series E round of funding that it says catapults its valuation to $1.1 billion.
Weavr.io, the open collaboration platform that makes designing, building and taking a brand new payment service live in weeks, today announced that it has closed its seed funding round totalling £500,000.
The firm, which is backed by N26 investor Earlybird, has already launched in 2018 in Germany, with the news marking the start of the company's expansion across the whole of Europe.
London venture capital giant Atomico has today revealed the close of its fifth fund, aimed at young European tech startups, at $820m (£630.2m).
UK digital bank Monzo is planning to relaunch its paid-for account, having ditched it in September last year owing to poor customer feedback.
For the first time, in the fourth quarter of last year Russians made more payments digitally than with cash, according to analysis from Sberbank.
STASH has crossed more than $1 billion in AUM. Fuelled by an average deposit of just $28 per customer, the company has reached this milestone in four years.
Just over two in five (44%) UK adults will have a digital-only bank account in five years, equivalent to 23.2 million Brits, according to a study. Currently, almost a quarter (23%), about 12 million, Brits have a digital-only bank account, a survey of 2,000 Brits by finance comparison website finder found. A further fifth (21%) of Brits plan to get one in the next five years, with two-thirds (65%) of those planning to do so over the next year.
According to recent report by Forward, China is currently the largest consumer in the global face recognition device market, thanks to its booming facial payment sector
Bitcoin Events is pleased to announce Binance as Premier Sponsor of the Blockchain Africa Conference 2020
In the world we live today, mobile communication is a cardinal tool of economic development, growth and integration, and the mobile industry is a key enabler of productivity across economies and societies.
After years of unsuccessful attempts to enter China’s massive $27 trillion payments market, Mastercard announced today it has won approval from the People’s Bank of China (PBOC) to begin formal preparation to set up a bank card clearing institution in China. The news is a significant step toward Mastercard being able to do business in China, where large, domestic players currently dominate.
Klarna has acquired the Italian buy now, pay later startup Moneymour and established a new product development hub in MIlan.
Chicago, February 3: Chief Claims Officers from Allstate, Liberty Mutual, State Auto, Kemper, Prudential and more will speak at the Connected Claims USA 2020 Summit on June 24-25, 2020. (https://events.insurancenexus.com/connectedclaimsusa
Expectations for 5G are high, with many assuming it will deliver a transformative promised land, adorned with an improved end-user experience, new business models, new applications and new services all gliding beautifully on the back of gigabit speeds, improved network performance & reliability. Its services have been forecasted to deliver very significant economic gains.
SoftBank’s mega-investments made a splash in markets around the world last year, including in the UK’s burgeoning fintech sector: The Japanese company’s $100 billion Vision Fund led two deals that accounted for a quarter of the capital raised by the country’s financial startups.
TECHNOLOGY is redefining the finance industry, and the mushrooming of fintech companies is arguably the best example of this. Through innovation, fintech companies open up a host of opportunities to better a customer’s experience by providing a wide array of services.
Europe has emerged as a key region for hatching and scaling fintech companies. And today, one of the more prominent fintech startups is announcing a large round of funding, from a mix of strategic investors, to keep growing its business.
Varo Money is poised to become a full-fledged bank, making it the first of a new wave of fintech upstarts to win that approval in the US. The company’s long and expensive journey through a thick barrier of regulation is a reason why America’s banks have repelled the tech disruption sweeping through other industries.