Denmark’s Neobank Lunar has raised 35 million euros to invest and grow the business in order to further expand in Northern Europe and accelerate the path to profitability. A bank press release said the “vast majority” of existing shareholders contributed to the increase. Lunar’s most recent fundraising was 212 million DKK (about 28 million euros)
American Express is expanding its decade-long relationship with Microsoft to develop a suite of solutions based on Microsoft’s AI and Cloud technologies, focused on reducing travel obstacles for employees and businesses. Karma. The first solution developed through this partnership will improve the cost management process by addressing some of the issues faced by business travelers
Coincover – the leading digital asset protection technology company – announced a $30 million funding round, led by the Silicon Valley Capital Fund. The new capital will accelerate recruitment, product updates, and partnerships to protect the crypto ecosystem – preventing, compensating, and protecting against crypto threats. Founded in 2018 and launched in 2019, Cardiff-based Coincover
Introduction to Fintech as a Service (FaaS) Fintech as a Service (FaaS) is a business model that allows companies to outsource financial technology (fintech) services to third-party providers. This model provides companies with a more flexible and cost-effective way to access fintech services and improve their financial performance. Let’s explore Fintech as a Service and
STRIPE STORY HAS CREATED $2.5 BILLION Fundraising News 01.02.2023 12: 8 p.m. Stripe is in talks to raise $2.5 billion Stripe hits a massive $2.5 billion funding deal with existing investors that will value the payments giant between $55 billion and $60 billion, according to The Information. This increase would fall sharply from Stripe’s last
Barclays announced a strategy to expand its flexible banking formats, as it evolves its physical footprint to meet changing customer needs. Barclays Local offers live banking support in community locations and new banking modules across the UK. The plans include: Expanding Barclays Local by over 70 sites in 2023, in addition to 200 opened in
As the fintech landscape continues to evolve rapidly, a number of emerging trends are likely to shape the future of the industry in 2023. From financial health and digital banking to blockchain technology, there’s a lot to come. exciting opportunities that have the potential to revolutionize the fintech industry. Top FinTech Trends to Watch in
With many innovations in the field, the field continues to grow through the implementation of many areas of technology, such as chatbots, artificial intelligence, digital banking, blockchain and augmented reality. Due to these changes, many companies are able to provide high-quality service at an affordable price. Overview of the fintech market The market for fintech
Rakuten France announces the launch of a completely new integrated payment solution, Club R Pay, thus becoming the first e-commerce company to offer such a system on the market. A globally integrated payment solution, Club R Pay makes it easy for the 12 million members of the Club R loyalty program to shop at more
UNHCR, the UN Refugee Agency, and the Stellar Development Foundation (SDF), the non-earnings that help the boom and improvement of the Stellar blockchain network, introduced these days after the release of a pilot first-of-its-type blockchain price answer for virtual coins distribution to internally displaced persons (IDPs) and different war-affected human beings in Ukraine. UNHCR, in
Depending on how much debt you have, 2023 could be the year you write off or significantly reduce those financial obligations. Either way, you can end the year on a stronger financial footing. No trick will do the job on its own, but organizing ideas can reduce debt dramatically. 1. Review your monthly budget Go
Fintech companies have been storming emerging markets for a while. In Latin America, for example, innovations have made it possible for unbanked people to access the financial services they have long awaited. And as mobile adoption has surged in recent years in Africa and Asia-Pacific, new payment solutions have emerged to serve the traditionally excluded.
