Tag: finance
-
American Express partners with OVO Energy
American Express, a leading financial services corporation, has recently announced a strategic partnership with OVO Energy, a renowned energy supplier. This collaboration aims to bring innovative value-added services to American Express cardholders, promoting sustainable energy consumption and offering exclusive benefits. As part of this partnership, American Express cardholders will have access to discounted rates and…
-
Dave acquires a convertible promissory note for USD 71 million
In a groundbreaking deal, Dave, a leading financial technology company, has successfully acquired a convertible promissory note amounting to a staggering USD 71 million. This significant acquisition represents Dave’s commitment to expanding its financial services and enhancing its market presence. The convertible promissory note, often utilized in venture capital financing, enables Dave to raise capital…
-
Ant Group to acquire MultiSafepay
Ant Group to Acquire MultiSafepay The financial technology giant Ant Group announced its plans to acquire MultiSafepay, a leading European online payment service provider. This strategic move by Ant Group is aimed at expanding its global presence and reinforcing its position as a dominant player in the digital payment industry. MultiSafepay, founded in 1999, specializes…
-
Decentro launches two modes for bank account verification
Decentro, a leading fintech startup, has introduced two new innovative modes for bank account verification to enhance customer experience and streamline processes. With these new offerings, Decentro aims to make bank account verification simpler, faster, and more reliable for businesses in various industries. Mode 1: API Integration Decentro’s first bank account verification mode is API…
-
HSBC to launch an international payments application
HSBC, one of the world’s largest banking and financial services organizations, is set to launch a groundbreaking international payments application. The innovative platform aims to revolutionize the way customers send and receive money globally. The new HSBC international payments application will simplify cross-border transactions, providing a faster, more secure, and more convenient experience. Customers will…
-
Fidelity sets Bitcoin ETF fee at 0.39 percent
Fidelity Investments, a leading global asset manager, has announced the fee structure for its highly anticipated Bitcoin exchange-traded fund (ETF). The company confirmed that the Fidelity Bitcoin ETF will have an annual expense ratio of 0.39 percent. With the ETF sector witnessing increased interest in Bitcoin offerings, Fidelity aims to cater to institutional and retail…
-
Nearpay secures USD 14 mln in Series A funding
Nearpay, a disruptive fintech startup, has successfully closed their Series A funding round with an impressive USD 14 million. The funding will help further accelerate the development of their innovative payment platform. Nearpay stands at the forefront of revolutionizing the payment landscape, utilizing cutting-edge technology and unique features to simplify financial transactions for businesses and…
-
Aye Finance raises USD 37.18 million
Aye Finance, a leading financial technology company, has successfully raised USD 37.18 million in a recent funding round. The firm, established with the aim of providing innovative financial solutions to micro and small businesses in India, has garnered significant investor interest due to its unique approach and impressive growth. The latest funding round was led…
-
TD Bank Group collaborates with Plaid
TD Bank Group, one of the largest banks in North America, has announced its collaboration with Plaid, a leading financial technology company known for its secure and seamless data connectivity solutions. This partnership aims to enhance the banking experience for TD Bank customers by leveraging Plaid’s innovative services. What is Plaid? Plaid provides an infrastructure…
-
ABN AMRO to acquire BUX
In a significant move in the banking industry, ABN AMRO, one of Europe’s largest banks, has announced its plans to acquire BUX, a rapidly growing mobile-based stock trading platform. This strategic acquisition aims to combine ABN AMRO’s extensive banking expertise with BUX’s innovative and user-friendly trading platform, creating new opportunities for clients to invest and…
-
4 ways to “Break the Cycle” and leave manual reimbursements in the past
The days of manual reimbursement processes that require employees to submit paper-based expense reports and wait for weeks to get reimbursed are long gone. With advancements in technology and the introduction of digital solutions, companies now have the opportunity to streamline their reimbursement processes and save considerable time and resources. In this article, we will…
-
Beacon Platform partners with ActiveViam
We are excited to announce the strategic partnership between Beacon Platform and ActiveViam, two leading providers in the financial technology industry. This collaboration aims to combine the expertise and offerings of both companies to deliver enhanced solutions for our clients and create new opportunities within the market. Beacon Platform is a cutting-edge technology company…
-
FCA proposes rules to maintain access to cash
The Financial Conduct Authority (FCA) has recently proposed new rules aimed at ensuring continued access to cash for UK consumers. With the increasing popularity of digital transactions, the FCA seeks to address concerns and provide protection for individuals who rely on cash as their primary means of payment. The rise of electronic payments may provide…
-
Singapore and China expand financial cooperation
Singapore and China Expand Financial Cooperation Singapore and China have recently announced an expansion of their financial cooperation, marking a significant milestone for the two nations. Both Singapore and China have long recognized the importance of strong financial ties to maintain economic stability and drive growth in the region. This new collaboration…
-
Nucleus Commercial Finance secures GBP 200 mln
Nucleus Commercial Finance, a leading provider of alternative financing solutions for SMEs, has successfully secured a staggering GBP 200 million in funding. This notable achievement is set to fuel their expansion plans and further support small and medium-sized businesses across the UK. Nucleus Commercial Finance focuses on delivering flexible, tailored financing options designed to aid…
-
Scottish Widows partners with Moneyhub
Scottish Widows, a leading provider of financial services, has announced a strategic partnership with Moneyhub. Moneyhub, a renowned financial technology company, offers a revolutionary platform that enables individuals to have a comprehensive and holistic view of their financial accounts and investments in one place. The partnership between Scottish Widows and Moneyhub aims to further enhance…
-
Webexpenses partners with Wise Platform
Webexpenses, a leading expense management software provider, is thrilled to announce its partnership with Wise Platform, a cutting-edge technology company focused on revolutionizing financial processes. This strategic collaboration aims to enhance and streamline the way businesses manage their expenses and handle cross-border payments. A Powerful Combination With the increasing globalization and expansion of companies across…
-
Eliq secures EUR 10 million in financing
Breaking News: Date: DD/MM/YYYY Stockholm-based energy management software company, Eliq, announced today that it has successfully secured EUR 10 million in a recent financing round. This significant funding comes from a group of renowned venture capital firms. The new financing will enable Eliq to further expand its operations, invest in research and development, and continue…
-
Embedded banking to experience an imminent surge, OpenPayd says
Embedded Banking to Experience an Imminent Surge, OpenPayd Says In a recent announcement, OpenPayd, a leading financial technology company focused on enabling embedded banking solutions, predicts an imminent surge in the adoption of embedded banking services around the globe. Embedded banking, an innovative approach that merges financial services with non-financial platforms, has gained significant…
-
Credix secures USD 60 million credit facility
Credix, a leading fintech company, has successfully secured a credit facility of USD 60 million. Credix, known for its innovative financial products and services, has yet again made headlines by securing a substantial credit facility of USD 60 million. This achievement demonstrates the company’s strong growth and financial stability in the market. The new credit…