B2B payments firm Mondu today announced a $13 million Series A expansion round led by Valar Ventures in partnership with FinTech Collective. This new investment follows an impressive first year for Mondu, during which the company has grown rapidly, expanding into new markets and launching a variety of products that have made the financial lives
Synechron, Inc., a leading global digital transformation consulting firm, announced that it has now fully integrated its subsidiary, Attra, a payment technology services and solutions provider. based in Melbourne, Australia, within the largest Synechron brand. Attra, acquired by Synechron in December 2020, is now Synechron Payments and is Synechron’s newest line of business. Prasad Guntupalli,
FinTech is a rapidly growing industry that has redefined collaboration between financial services as well as the latest technologies. Banks that are currently using FinTech for their long-term prospects can see successful developments and increased competitiveness in all areas. According to a recent report, the Global FinTech Market is valued at $194.1 billion in 2022
BR-DGE, a leading payment orchestration service provider, today announced a three-year partnership with Visa, a global leader in digital payments, to deliver solutions and innovative payments for merchants and consumers, giving them more choices on how to pay and get paid. Consumers and businesses are looking for new ways to manage their money and want
The world of fintech is changing constantly and rapidly. The ubiquity of smartphones has allowed startups to revolutionize finance with real-time payments and peer-to-peer lending, while AI-powered algorithms are changing the face of investing. and portfolio management. Successful fintech companies are democratizing access to finance by bringing the unbanked into the financial system and enabling
Plum, the smart monetization app, today announced its new positioning “Money Driven” with a TV ad and digital campaign created by Founders Makers. The new campaign conveys Plum’s comprehensive offer to help people save more and build wealth, at a time when financial management is arguably more important than ever. The UK public has a
Relio, a Swiss SME banking startup founded by Lav Odorovic, co-founder of German digital bank Penta, has raised €3 million. Relio is launching a digital payments account for corporate customers built on a platform designed to overcome regulatory and compliance hurdles plaguing similar businesses. “Anti-money laundering compliance issues have remained the weakest link of challenger
Younger generations are demanding accessible digital banking services from their providers. They turn to neobanks and fintech unicorns like Robinhood to do their banking, payments, and investments. Neobanks, the bank in which all their services are online and accessible digitally, and the fintech unicorn, the startup that has reached a valuation of $1 billion, are
Signzy, a leading digital banking infrastructure provider, announced the launch of its award-winning Video KYC solution on Salesforce AppExchange. This integration will allow customers to provide fast and accurate end-to-end KYC and an integrated experience for their end customers. Signzy’s video KYC solution provides bank-grade infosec security and delivers industry-leading self-sustaining success rates, while dramatically
TMX Group Limited announced that it has made a strategic investment in VettaFi Holdings LLC (VettaFi), a US private sector data, analytics, indexing, digital distribution and thought leadership company. VettaFi fosters a cutting-edge, data-driven platform designed to empower and educate the modern financial advisor, asset manager and institutional investor. TMX Corporation purchased approximately 21% of
Australian firm Grapple, which provides working capital loans to small and medium-sized businesses, has reportedly raised $35 million under a warehouse credit facility from financier Global Credit Investments (GCI). based in Sydney. With this money, Grapple hopes to scale and maintain its growth trajectory, according to a report by FinTech Futures. The funds will also
In recent years, fintech is on the rise and with the growing demand for digital solutions to manage financial services, this trend is expected to continue through 2023. There is a growing need for digital solutions to manage financial services. the size of the global fintech market is predicted to total $305 billion by 2023.
