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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.”
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.
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 […]
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.
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.
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.
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.
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.
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.
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.
San Francisco-based Block, which rebranded from Square in 2021, acquired buy now, pay later (BNPL) service provider Afterpay that same year for $29 billion. Cash App Pay volumes for 2024 grew more […] The post Block expands Afterpay on Cash App card appeared first on Bank Automation News.
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.
This marks the initiative’s transition from a Bank for International Settlements (BIS) experimental project, started in 2021, into practical implementation. Featured image credit: Edited from Freepik The post Nexus Global Payments Officially Launches, Marking Move to Operational Phase appeared first on Fintech Singapore.
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.
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 2017 by Chu and Arthur Mak , YouTrip overcame challenges during the pandemic, including a 90% drop in transaction volumes that led to the layoff of 10 staff in 2021. The company now employs 250 people and plans to grow its workforce by 50–100 in 2025. However, the listing is estimated to be a “few years” away.
Launched in 2021, Vilnius-based Torus offers a SaaS intelligence platform to help banks improve their card transaction profitability. The post Torus Payments Analytics SaaS Wins Title of Fastest-Growing Fintech Startup in Lithuania on Sifted appeared first on FF News | Fintech Finance. And Torus is on a mission to fix this issue.
billion IPO in 2021. Featured image credit: Edited from LinkedIn The post Pine Labs Eyes Second-Half 2025 for India IPO appeared first on Fintech Singapore. A source familiar with the matter said the planned IPO is expected to raise around US$1 billion, comprising both fresh capital and stake sales by existing investors.
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.
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.
Photo by Pixabay The post Showcasing Finovate Alums in Celebration of Financial Literacy Month appeared first on Finovate. With this in mind, today we showcase Finovate alums in recent years that have made financial literacy a key part of their mission when it comes to building new fintech solutions.
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.”
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%.
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.
That set the precedent for Wise to be granted direct access to payment systems in the EU in 2020, as well as Singapore and Australia in 2021. The post Wise Granted Direct Access to Philippines’ Instant Payments Infrastructure, Gets Settlement Account With BSP appeared first on FF News | Fintech Finance.
According to the 2021 Financial Inclusion Survey by the Bangko Sentral ng Pilipinas (BSP), formal account ownership stood at 56% in 2021, a remarkable rise from 29% in 2019, 23% in 2017 and 17% in 2015. In 2021, e-money accounts surpassed bank accounts as the most commonly held financial accounts in the country.
In that time, the partnership has experienced significant growth, including an increase in average annual volume by more than seven times from 2021 to 2023. The post Affirm and Adyen Bring Longstanding Partnership to UK appeared first on FF News | Fintech Finance. Adyen merchants in the U.K.
The investigation, conducted between 2020 and 2021, led Wise to pay $450,000 in compensation to affected customers. In 2021, the company was fined US$360,000 by financial regulators in the United Arab Emirates over lapses in its anti-money laundering controls. Featured image credit: edited from freepik The post Wise Fined US$2.5M
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.
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.
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.
Since launching in 2021, Frich has raised $2.8M The post Gen Z Will Reach Record-High Usage of Buy Now, Pay Later (BNPL) Services This December, According to New Report appeared first on FF News | Fintech Finance. from notable investors including Antler , Restive Ventures and TruStage.
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.
Crypto boom Following the ban on crypto mining activities in China in 2021, Kazakhstan experienced an influx of cryptocurrency miners. In 2021, the county took 13th position among Asian Pacific Region countries in the ‘ Global Fintech Index 2021 ’.
Utah-based LoanPro made its Finovate debut at FinovateSpring in 2021. LoanPro made its Finovate debut as part of our all-digital FinovateSpring conference in 2021. That same year, the company also participated in our developers conference, FinDEVr 2021. Pick up your tickettoday and take advantage of early-bird savings!
Launched in 2021, Bilt is the pioneering payments and commerce network that transforms housing and neighborhood spending into rewards and benefits for everyone involved. The post FIS Premium Payback Aims to Enhance Savings and Convenience for Bilt Members appeared first on FF News | Fintech Finance.
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.
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.
The wealth fund’s initial investment in Bukalapak occurred in April 2021, in collaboration with Microsoft and Emtek, amounting to US$234 million. Bukalapak subsequently went public in July 2021, raising US$1.52 According to the Indonesia Stock Exchange (IDX), GIC currently owns 9.44% of Bukalapak. billion in its IPO.
TransUnion originally acquired a 30% stake in Monevo in 2021 and will acquire the remaining ownership position from Monevo’s majority stakeholder, Quint Group Limited. ” In October 2021, TransUnion formed a strategic partnership with Monevo, acquiring a30% stake in the company.
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.
The $2 billion credit union started working with Zest AI in 2021 […] The post Commonwealth automates majority of underwriting with AI appeared first on Bank Automation News. “Seventy percent to 83% of all our loan underwritings are automated now,” Chief Growth Officer Jaynel Christensen told Bank Automation News.
” Operational since 2021, BKN301 Group operates in EMEA with offices in London, Cairo, Tbilisi, Doha and Milan. The post BKN301 Group Brings Financial Inclusion to EMEA with Digital Payments Roadshows appeared first on The Fintech Times.
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