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billion, which is less than half its 2021 valuation. In a company blog post announcement, Plaid CEO and Co-Founder Zach Perret said that the funds will be used “to address employee tax withholding obligations related to the conversion of expiring restricted stock units (RSUs) to shares, and to offer some liquidity to our current team.”
Established in 2021 and backed by DBS Bank, J.P. Featured image credit: Edited from Freepik The post Partior Closes Series B at US$80 Million with Deutsche Bank Investment appeared first on Fintech Singapore. Morgan, Standard Chartered, and Temasek, Partior uses blockchain technology to enable real-time clearing and settlement.
In accordance with the Nebraska Financial Innovation Act, which Telcoin helped draft and passed into law in 2021, Telcoin Bank will be authorised to take any cryptocurrency deposits, facilitate DeFi staking programmes, as well as provision digital asset loans.
These additions build on Worldcoins biometric foundation, which relies on iris-scanning orbs for identity verification a controversial component of the project since its debut in 2021. Worldcoin has faced mounting regulatory scrutiny in several jurisdictions, including Singapore and Hong Kong.
Since its launch in 2021, Shop Pay instalments have seen widespread use, with millions of consumers actively utilising this payment method across Shopify’s extensive merchant network in the US. The post Shopify Launches Affirm Powered Instalment Payment Options to Customers in Canada appeared first on The Fintech Times.
A Tracxn Technologies report highlights that the Southeast Asia fintech ecosystem experienced its zenith in 2021, marking the highest annual equity funding in the last decade. A visual overview of the SEA fintech sector’s funding trajectory from 2017 to 2024, showcasing the sharp decline after a record-breaking 2021.
The company became a unicorn in 2021 after raising $220 million in Series B funding from Tiger Global, Pegasus Wings Group, and Insight Partners. The company became a unicorn in 2021 after raising $125 million in its Series G funding round. Zerodha became a unicorn in 2021 without raising any external funding. billion valuation.
Founded in 2021 by David Hanna, Akhil Nigam, Richard Oh, Raj Vimal Chopra, and Thomas Kang, Finmo offers an integrated treasury and payments platform for finance teams managing multi-entity operations.
Founded in 2021, Partior utilizes blockchain technology to transform clearing and settlement, and redefine the way value moves globally. Established in 2021, Tazapay is a leader in cross-border payment solutions, serving small and medium-sized enterprises (SMEs) and business-to-business (B2B) marketplaces from around the world.
According to the Vietnam Fintech Landscape 2024 map by business consultant Khoa Nguyen, Vietnam is now home to 16 wealthtech companies, representing a 129% increase from the seven companies identified by local real estate financing startup FinHome in 2021. The payment vertical continues to dominate, with 48 companies and a share of 21.8%.
Since 2021, it has also offered outward transfers from India through its own AD-II licence, allowing customers to remit up to US$250,000 annually under the Liberalised Remittance Scheme. Wise says transfers are processed within 90 minutes during business hours, with automatic eFIRC delivery via email.
Founded in 2021, Numeral is a fast-growing payment technology provider that offers financial institutions a universal gateway to connect to partner banks and access schemes and a modern payments hub to automate payment processing. We look forward to welcoming their talented team as we unlock new growth opportunities together.”
Southeast Asias alternative lending market, including BNPL, is projected to grow at a 45% CAGR, rising from US$26 billion in 2021 to US$116 billion by 2025. The Philippines has emerged as a key alternative lending market in Southeast Asia, accounting for 59% of deal volume in 2024. appeared first on Fintech Singapore.
Mobile Community Tech (MTC) was fined S$140,000 for failing to verify customer identities, representatives’ authority, and beneficiary information in transfers between September 2021 and July 2023. MAS said these failures exposed the firms to risks of being misused for financial crime and weakened transparency in fund transfers.
Colombia For more information about this report visit [link] The post Latin America Digital Payments Market Report 2025 appeared first on FF News | Fintech Finance. Latin America Country-Specific Payment Methods Insights 6.1. Key Takeaways – Latin America Country-Specific Payment Methods 6.2. Mexico 6.4. Argentina 6.5.
When rates were previously cut between 2019 and 2021, ASEAN fintech funding peaked at US$6.36 billion in 2021, the region’s highest annual total in the past decade. The recent interest rate cuts by the US Federal Reserve are expected to support further growth. The report was launched at the Singapore Fintech Festival.
Previous quarterly comparisons Q2 2024 : More than $292 million raised by eight alums Q2 2023 : More than $209 million raised by ten alums Q2 2022 : More than $984 million raised by eight alums Q2 2021 : More than $2.8 million – post May: More than $257 million raised by four alums Digishares : $1.35
Year Total Active Credit Card Accounts 2021 500 million 2023 600 million 2024 617 million 2025 631 million This equates to 2.4 67% of Gen Z (born late 1990s to early 2010s) now have credit cards, up from 50% in 2021. The post How Many Credit Cards Are in the USA in 2025 and Other Statistics? credit cards per adult in the U.S.,
The payments and e-money sector has exploded in size, £26bn in safeguarded e-money last year, up from £11bn in 2021. Fintech Application: A fintech has an acknowledgement letter from its main safeguarding bank dated 2021. One in ten UK e-money holders now use these accounts for everyday spending.
Between 2021 and 2022, Visa and Mastercard raised interchange fees for cross-border transactions by up to five times their previous levels, increasing debit card fees from 0.2% The interim cap could revert fees to their pre-2021 levels or be set at a level that ensures issuers can cover transaction costs.
trillion, growing by more than 55% since 2021. growth since 2021. Digital Wallets Digital wallets have become increasingly popular, accounting for nearly half (48.6%) of global ecommerce transaction value in 2021. Ecommerce in 2025 is bigger and faster than ever. Global online sales are expected to hit $8.3
billion post-money valuation, the company confirmed to TechCrunch on Wednesday. The valuation is more than double the startups valuation when it last raised capital a $120 million Series B round in 2021 that valued the company at $1.62 […]
This move builds upon several efforts from Mastercard to reimagine the card – in 2021, the company was the first payments network to formally phase out the magnetic stripe in favor of newer and more secure technologies.
Array won Best of Show at FinovateFall 2021 and again at FinovateSpring 2022. Post-acquisition, Array customers will benefit from deeper connectivity courtesy of MoneyKit’s technology, enabling them to access more dynamic experiences including personalized credit insights, intelligent subscription management, and more.
2021 : The upward trend continued with a 22.7% Post-Pandemic Trends (20222024) Following the initial surge, business formation trends evolved: 2022 : A slight decline of 7.4% The post The Number of Businesses in the USA by Industry in 2025 appeared first on Credit Card Processing and Merchant Account. increase, reaching 5.4
According to the World Bank ’s Global Findex 2021, transaction account ownership in Georgia has doubled over the past decade, reaching 70.5 per cent in 2021. The post Fintech in the Caucasus: Armenia, Azerbaijan & Georgia appeared first on The Fintech Times.
The UAE is committed to sustainability and digital transformation, with initiatives like Abu Dhabis Vision 2030 and the Dubai Plan 2021 driving innovation and growth. The post Worldline Empowers Global Online Businesses to Succeed in the Strategically Important United Arab Emirates appeared first on FF News | Fintech Finance.
In Bahrain, the volume of e-wallet transactions almost tripled between 2020 and 2021. This has had a huge impact on the growth in outgoing remittances – which rose from $25billion in the early 2000s, to $134billion in 2021. In Morocco, as much as 75 per cent of people had used at least one emerging payment method in 2022.
Founded in 2021 by Ife Johnson and Justin Ziegler , Juicyway enables individuals and businesses to send, receive, and process payments globally. The post Juicyway Emerges From Stealth With $3m Pre-seed to Revolutionise Cross-border Payments for Africans appeared first on FF News | Fintech Finance.
Volante Technologies have retained their leadership position in this latest report, having debuted as a leader in the first edition, The Omdia Universe: Selecting a Payment Hub, 2021-22 Report.
Dojo is a payment technology provider from the UK launched in 2021. With its capital injection, Ramp said it will be doubling down on AI-powered automation, especially across expense reporting, smart procurement tools, and automated treasury management.
Since at least 2021, Mastercard has been building out partnerships and infrastructure to support stablecoin transactions. Featured image: Edited by Fintech News Singapore, based on image by Freepik The post Mastercard: Stablecoins Not Yet Ready for Everyday Payment Use appeared first on Fintech Singapore.
” Founded in 2021, Nomupay is headquartered in Dublin, Ireland. Photo by Gregory DALLEAU on Unsplash The post Finovate Global Ireland: Investing in Payments and Partnerships appeared first on Finovate. Nomupay is a highly reliable partner.”
While fintech funding this year may not match the $143 billion it reached in 2021, it is forecast to grow marginally higher than 2024, when funding fell 20% year over […] The post 22 startups to watch in 2025 appeared first on Bank Automation News.
Founded in 2021, Nook has built one of Europe’s most comprehensive AP products, earning Xero’s Emerging App of the Year award. ” The post Modulr Acquires Accounts Payable Automation Disruptor Nook appeared first on FF News | Fintech Finance.
This initiative builds on the bank’s experience in Switzerland and Trkiye, where it has offered similar services since 2021 and 2023, respectively. BBVA Switzerland launched the Bitcoin custody and trading service to all its private banking clients in June 2021.
Founded in 2021, Highnote made its Finovate debut at FinovateSpring 2022. Highnote has raised more than $140 million in funding courtesy of a Seed and Series A round in 2021 and a Series B round at the beginning of 2025. John MacIlwaine is Co-Founder and CEO.
Founded in 2021 by Philip Kelvin and Beau Allison, Tranch has set a new standard for law firms in the management of invoices and payments, enabling firms to streamline and automate their payment processes and increase cashflows through improved speed and efficiency in invoice delivery, billing and collections.
Founded in 2021, Numeral has raised $13.8 Photo by Black ice The post Mambu Acquires Numeral to Expand Payment Capabilities appeared first on Finovate. .” France-based Numeral offers a cloud-native, universal payment gateway to help fintechs and banks automate payment processing. million (13 million).
The Bangko Sentral ng Pilipinas (BSP) established the Open Finance Framework in June 2021, marking a significant step toward integrating open finance principles within the countrys financial ecosystem. In contrast, the Philippines has adopted a regulatory-mandated approach. appeared first on Fintech Singapore.
Between 2021 and 2024, identity fraud rates increased from 1.1% Data from identity verification specialist Sumsub reveal that identity fraud incidents have more than doubled in the past three years, with account takeovers and deepfakes emerging as major concerns. Financial services have become a prime target.
It is now clear that 2021 and 2022 were outlier years for the UK market, during which 20.3billion and 17billion of equity investment was deployed, respectively. The post UK Must Ensure SMEs Have Better Access to Finance Needed to Invest, Says British Business Bank appeared first on The Fintech Times.
Affirm has been publicly traded on NASDAQ since 2021 and has processed more than $75 billion over the last five years. The post Affirm’s Flexible and Transparent Pay-Over-Time Options Now Available in the UK appeared first on FF News | Fintech Finance. Over the last five years, we’ve seen the value that Affirm delivers to our U.S.
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