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Fintech startup Ramp has crossed $700 million in annualized revenue as of January of this year, according to a source familiar with the companys internal operations. The company had crossed $100 million in annualized revenue before its third birthday in March 2022, passed $300 million by August 2023, and now effectively more than doubled that […] 2024 TechCrunch.
YouTrip, a Singapore-based multi-currency digital wallet, has launched a new service enabling users to send money internationally. The feature allows transfers in local currencies to more than 40 countries via bank transfers and instant payment methods like DuitNow, GCash, and UPI in select countries. YouTrip emphasises that users will benefit from competitive foreign exchange rates and transparent fees.
Expense management startup Ramp has nearly doubled its valuation to $13 billion after a $150 million secondary share sale, the company announced Monday morning. New and existing backers including VC Stripes, GIC, Avenir Growth, Thrive Capital, Khosla Ventures, General Catalyst, Lux Capital, 137 Ventures and Definition Capital bought the secondaries from employees and early investors. […] 2024 TechCrunch.
The UK’s first pilot of GPS-based transport ticketing is to take place on Northern and East Midlands Railways rail services from later this year, the Department for Transport has announced. “The government is kickstarting the procurement process to find the suppliers who will run the technology for the trials across the East Midlands and Yorkshire,” the department says. “Backed by government funding, the trials are part of plans to modernise our transport system, put pass
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
In a recent interview with Austin Prey from PYMNTS , Adam Gray , Chief Transformation Officer at Stax, shared his perspective on the challenges and opportunities facing independent software vendors (ISVs) as they integrate payment solutions to meet the diverse needs of their merchant customers. As ISVs seek new revenue streams while still delivering value to their customers, embedded payments have emerged as a key strategy for bringing payments closer to the customer experience.
MTN Mobile Money (U) Limited, in partnership with Mastercard , Diamond Trust Bank and Network International, has launched the Virtual Card by MoMo, an innovative payment solution designed to enable MTN MoMo subscribers to perform secure online transactions without needing a physical card or bank account. This latest offering strengthens MTNs commitment to driving financial inclusion and enhancing digital accessibility across Uganda, aligning with the companys broader mission of enabling a digita
On this week’s episode of News & Views, sponsored by Vanta , The Fintech Times Podcast team are joined by Emmanuel Daniel , founder of The Asian Banker , as well as author, advisor and futurist, to discuss the AA launching Instant Savings Accounts, leveraging NatWest Boxed and dive into what the future holds for AI in fintech. The conversation started by looking at the new partnership between NatWest and the AA.
On this week’s episode of News & Views, sponsored by Vanta , The Fintech Times Podcast team are joined by Emmanuel Daniel , founder of The Asian Banker , as well as author, advisor and futurist, to discuss the AA launching Instant Savings Accounts, leveraging NatWest Boxed and dive into what the future holds for AI in fintech. The conversation started by looking at the new partnership between NatWest and the AA.
Today, Visa announced that Tap to Phone a technology that turns a smartphone into a point-of-sale (POS) device – has experienced a 200% increase globally over the past year, supporting millions of sellers of all sizes worldwide. In the UK, Tap to Phone adoption is even higher, at a growth rate of 320% [1]. Tap to Phone expanded Visas tap capabilities simply by enabling users to accept payments by downloading an app.
Telr , the award-winning online payment gateway in MENA, is proud to be listed among Future 100 an annual list of the UAE’s top future enterprises in new economic sectors. Future 100 is a national initiative led by the UAE Ministry of Economy and the Office of Government Development and the Future. The announcement took place in the presence of H.E.
Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting
Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical
Looking to make retirement planning more accessible for all its consumers, Human Interest , the firm providing automated 401(k) plans, has announced its latest guarantee to deliver accountable service: the Customer Service Experience Guarantee. The Customer Experience Guarantee, which goes into effect on March 1, 2025, includes specific, measurable service commitments for both administrators and plan participants.
Nium , the leading global infrastructure for real-time cross-border payments, has today announced a strategic partnership with G2 Travel. The wholesale tour operator will use Niums virtual card payment solution to pay hotel partners globally. The partnership adds more local currencies to G2 Travels offering and makes supplier payments faster, more efficient, and more secure.
The Payments Association , the trade group representing the payments sector, has launched its Payments Manifesto for 2025, urging the UK government to modernise the payment infrastructure to ensure consumer protection. In its new manifesto, ‘ Creating the Conditions to Support Growth and Innovation in Payments ‘, The Payments Association describes the 66 policies recommended by the 216 payments professionals working across financial crime, regulation, open banking, ESG, cross-border
Antom , a leading unified merchant payment services provider under Ant International, has received Service Organization Control (SOC) 2 Type II certification, a globally recognised benchmark for data security and privacy protection. This certification underscores Antoms commitment to meeting the highest security standards, reinforcing its advanced payment solutions.
Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón
Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.
While financial apps have become central to personal finance management in the UK, almost one in four Brits believe that these apps are ‘in need of improvement’ in some way, mobile app service provider Apadmi has revealed. After Lloyds Bank , Halifax , TSB , and Bank of Scotland customers encountered issues accessing their banking apps on 28 February, Apadmi revealed new research that explores how people interact with finance apps and how these platforms can be improved.
Ramp , the leading financial operations platform, announced that new and existing investors including Stripes, GIC, Avenir Growth, Thrive Capital, Khosla Ventures, General Catalyst, Lux Capital, 137 Ventures, and Definition Capital have purchased $150 million in Ramp secondaries from employees and early investors, most recently valuing the company at $13 billion.
Global fintech Unlimit announced today that actor, producer, and entrepreneur Simu Liu will be the companys first Global Brand Ambassador. The Chinese-Canadian megastar leads Unlimits biggest campaign to date, headlining a high-impact advert which takes place behind the scenes of a movie production set. The campaign shows businesses how important it is to choose the right partner in payments and allow customers the freedom to pay any way they want, anywhere they want.
Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?
Financial technology has often had a cloud over its head, being associated with an elite industry that is too complicated for most people to get into. As a result, many young, bright minds have opted to look elsewhere, with only 24 per cent considering a career in fintech, according to new research from Quotezone , the insurance quote comparison site.
PaySpace by Deel is now Deel Local Payroll, powered by PaySpace ( www.PaySpace.com )! One year after being acquired by Deel, PaySpace by Deel has officially transitioned into Deel Local Payroll, powered by PaySpace. This milestone isn’t just about a name change—it’s about why Deel acquired PaySpace in the first place. PaySpace customers can expect the same powerful payroll platform, now under Deel’s global brand.
With increasing reliance on online transactions, understanding how to streamline payment solutions has never been more essential. Thankfully, leading integrated enterprise resource planning (ERP) systems like Acumatica cater to diverse business needs by integrating robust credit card processing tools into its platform. Whether youre exploring how to set up credit card processing or want to understand various security measures, this article will serve as your guide to leverage Acumatica to transf
Pepper Advantage , a leading credit management firm with operations in Europe and Asia, today announced the closure of its acquisition by J.C. Flowers & Co. , a private investment firm dedicated to investing in the financial services industry. Terms of the agreement were not disclosed. The transaction will spearhead a new era of growth for Pepper Advantage, which will continue to operate as an independent entity led by its existing management team.
Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever
The Finovate team is back from another successful FinovateEurope fintech conference. We will share our event reviews, including key moments and top takeaways, on the Finovate blog in the days to come. In the meanwhile, the Fintech Rundown is here to help us all catch up on the latest fintech news and announcements. Payments Bluefin forges collaboration with Fiscal Systems to leverage PCI-validated point-to-point encryption to boost payment security and data protection in the fuel industry.
GameStop Corp. (NYSE: GME) and Zip Co. (ASX: ZIP), the digital financial services company offering innovative, people-centered products, today announced a partnership in which Zip will be GameStops primary pay-in-installments service for online and in-store customers in the U.S. GameStop is a specialty retailer offering games and entertainment products through its thousands of stores and ecommerce platforms and a leader in the $100 billion gaming industry.
Bank Automation Summit 2025 kicks off today in Nashville, Tenn., where industry leaders will discuss AI in the financial services industry and whats in store for future technology. View the full event agenda here. As financial services become ever more tech-driven, financial institutions are investing heavily in modernizing their operations and offerings.
BNPL is evolving, and Sezzle is leading the way. Fueled by a strong Q4, Sezzle expands digital payments to meet consumers where they are—flexibly and responsibly.
Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms
In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.
The conversation continues, indeed! Fresh off the Finovate team’s return from FinovateEurope 2025, we’re dropping a pair of Finovate podcasts that you might have missed. First up is Finovate VP and Podcast host Greg Palmer’s discussion about AI, data apps, and FinovateEurope with Plotly European Sales Director Andy Wisbey. Second, Greg sits down with Portage Capital Solutions Partner and Co-Head Devon Kirk to talk about the current investment climate for fintechs and what to ex
The Payments Association , a trade group representing the payments sector, today sees the official launch of its Payments Manifesto 2025, containing key policy recommendations to support the government’s vision for a world-class payments industry. The Manifesto , Creating the Conditions to support Growth and Innovation in Payments, describes the 66 policies recommended by the 216 payments professionals working across financial crime, regulation, open banking, ESG, cross-border payments, di
MTN Mobile Money (U) Limited, in partnership with Mastercard, Diamond Trust Bank and Network International, has launched the Virtual Card by MoMo, an innovative payment solution designed to enable MTN MoMo subscribers to perform secure online transactions without needing a physical card or bank account.
Discover how to prevent biometric hacking in banking apps with advanced security measures. Learn about encryption, AI-powered fraud detection, liveness detection, and decentralized data storage to protect user credentials and enhance fintech security.
2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges. Success lies in finding the balance between operational flexibility and creating experiences that keep customers coming back. The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. 🔮 In this session, we’ll dive deep into what it takes to keep customers engaged and your operations nimble, no matt
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