Bank of America, BNY Mellon, and Citi announced a $20 million investment in Genesis Global, the low-code application development platform created specifically for companies in the financial markets. Following the company’s $200 million Series C funding announced in February, several key investments were made. “This strategic support from Bank of America, BNY Mellon and Citi
Except for bankers, everyone views banks as essential evils. Simply put, these institutions are the finest we have for running entire economies and managing financial resources. But that is about to change, as we’re about to launch a brand-new monetary system that is more reliable, equitable, and most importantly, decentralized. We’re obviously referring to cryptocurrencies
Virgin Money is entering the buy now, pay later arena through the launch of a credit card that lets customers spread repayments over installments while building their credit scores. Virgin is the newest bank to enter the BNPL market, which is rapidly expanding yet divisive due to rising interest rates and the broader economic crisis.
In order to advance digitalization across Global Transaction Banking services, Santander Corporate and Investment Banking (Santander CIB) and SAP Spain have formed a strategic partnership. The two companies will work together to develop solutions around the idea of invisible banking, enhance client-to-bank connectivity, offer financial tools to help their clients worldwide navigate supply chain disruptions,
Solarisbank, a European fintech platform, has disclosed that the company has changed its name to “Solaris.” The business stated that the rebrand symbolizes its development. The financial platform has been able to expand its staff to over 750 people amidst the most recent international expansion initiatives. Nearly a year after raising EUR 190 million in
In order to maximize their growth and remain relevant in the new era, banks and fintechs are responding to the evolving needs of the younger generation by drawing inspiration from the achievements of other well-known companies. Global brands have been successfully connecting with customers in recent years to the point that they have taken on
$40 million Series B fundraising round headed by Valar Ventures, the London-based social and community-based investing app Shares is eyeing European expansion and a move into cryptocurrency. Two months after the app’s UK launch, the round, which brought Shares’ total funding to $90 million in just over a year, was announced. The startup’s software, which
2C2P, a worldwide payments platform, announced a partnership with rezio, Asia’s premier mobile booking solution for attraction, tour, and activity operators, to expand access to digital payments for its travel clients and their customers. Customers will be able to utilize a variety of payment methods, from cards to mobile wallets, thanks to 2C2P, which will
The largest international bank in the UK, Barclays, has closed a long-running negotiation with investors in the round that had been postponed since November by investing in cryptocurrency custody startup Copper’s most recent round. This brings to an end a delay of more than nine months for Copper’s $500 million Series C investment round, for
Aspire, Southeast Asia’s top all-in-one finance operating system has partnered with Know Your Customer, a renowned RegTech supplier, to safely enable access to its financial products for the region’s underserved SMEs and company owners. Over 140 million people are employed by the 70 million micro, small, and medium-sized firms (SMEs) in Southeast Asia, which make
To boost profitability, all small firms must keep an eye on their cash flow and produce financial reports. On the other hand, it’s not always practical or wise to hire a whole accounting team. Fortunately, you can choose outsourced or online bookkeeping services to suit your needs. Finding the ideal accounting firm from the many
Neon, a digital bank and FinTech firm whose mission is to better the lives of Brazilian workers, has disclosed that it has secured $80 million for its initial Credit Rights Investment Fund (FIDC) focusing on credit cards. With this investment, the overall equity fund rises to $170 million US, which is forecast to nearly treble.
