Tink has announced a significant upgrade to its payment stack with the launch of settlement accounts, a new feature that aggregates PIS settlements. Starting in the UK with a wider European roll-out to follow in the coming months, this launch enables real-time payment confirmation, instant refunds and payouts, integrated reporting, and more. This means that in
Motive Partners, a leading specialized private equity firm focused on financial technology, today announced the successful final close of its second flagship fund, Motive Capital Fund 2, with total capital commitments of $2.54 billion for the Fund and its affiliated co-investment vehicles. The Fund employs the same investment strategy executed in Motive Partners’ inaugural flagship fund.
Capchase, a New York-based provider of non-dilutive capital, recently announced its integration with the leading financial infrastructure platform, Stripe, to make its services available through the new Stripe App Marketplace. This means that Stripe customers can now access Capchase’s non-dilutive financing solutions, including Capchase Grow (Recurring Revenue Financing), directly through Stripe’s interface without having to switch
FinTech refers to software and other modern technologies used by businesses that provide automated and improved financial services. FinTech in our daily life is Mobile Payment apps, Cryptocurrency, and Blockchain like Bitcoin and Gemini. In the future, the range of FinTech services is predicted to transform the market even more with A.I. and machine learning
GlobalCorp, a leading non-banking financial institution in Egypt, announced the launch of its new B2C platform for lifestyle financing under the brand name ‘Ollin’. ‘Ollin’ will serve as a one-stop-shop and an ‘All-In’ platform for all consumer financing needs. The company will provide installment programs covering auto loans, mortgages, home finishing, education and tuition fees, healthcare, travel,
Kadmos, the end-to-end salary payments platform for cross-border employers, has raised €29m in a Series A funding round led by Blossom Capital. The investment round, which follows an €8.3m Seed round in December, also included existing investors’ Addition and Atlantic Labs. Kadmos is already working with several high-profile shipping companies and has built a robust
Many of fintech’s success stories are built upon businesses that would have traditionally been competitors coming together as collaborators to fix a specific problem, which has benefitted the industry and consumers alike. In today’s fast-paced environment, a ‘do-it-alone’ strategy does not always cut it. Historically a key trend that has underpinned the growth of the
Do employee benefits play a role in creating business culture? In this case, they did. Director of Operations, Alix Hobbs, shares the change in people strategy at Cloud International recruitment consultancy that gave them the edge in a competitive talent market – and maintained their culture in a new hybrid workplace. Insurance, employee benefits, and
Mastercard announced the appointment of Adam Jones to lead its operations across the Middle East and North Africa (MENA) Central cluster in his new role as Country General Manager. Adam is responsible for Saudi Arabia, Egypt, Jordan, Lebanon, Bahrain, and Iraq markets. “I am delighted to be part of Mastercard’s journey with this new role
Accounting is the system of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the results. It is the measurement, processing, and communication of financial and non-financial data of economic entities. The task is tiresome since it requires a great deal of hard work and concentration on the part of the person
Twitter is contemplating legal action against Tesla and SpaceX CEO Elon Musk over his decision to terminate a USD 44 billion takeover deal. As per The Hill, the microblogging site has hired a large New York-based law firm Wachtell, Lipton, Rosen & Katz LLP as it prepares to sue Musk. Twitter will file its lawsuit
Money and possessions are evolving in an increasingly digital and virtual world, and financial jobs will also change to keep up. Here’s a look at some new roles those in the industry see emerging. In-House Bank Hacker Usually, bank security guards keep the bad guys out. How about security guards hired to break in? Large financial
