JPMorgan has made a strategic investment in Cleareye.ai, a fintech firm specializing in trade finance, the companies announced Tuesday. The parties, who entered into the trading partnership last September, did not disclose the financial terms of the transaction. Trade finance refers to financial products offered by banks and other institutions that facilitate global trade by
Compass, the consumer finance arm of the Mediobanca Group, has signed an agreement to acquire 100% of HeidiPay Switzerland AG from HeidiPay AG, a growing Swiss Buy Now Pay Later (BNPL) financial company with over 400 deals. Trade agreements with major distributors, premium brands and technology operators active in the region. With this acquisition, Compass
Canadian Wealth-as-a-Service firm OneVest has raised C$17 million in a Series A funding round led by Omers Ventures Luge Capital, Panache Ventures, AAF Management, FJ Labs, Fin Capital, Pivot Investment Partners and Deloitte Ventures participated in the round. Founded in 2021, OneVest provides a modular and adaptable infrastructure platform that allows financial firms to integrate
FreedomPay, the world’s first standalone commerce platform, and Toast, an all-in-one digital platform designed for the entire restaurant community, have signed a partnership agreement for FreedomPay to become a gateway partner FreedomPay Toast’s preferred payment for certain corporate brands. Toast will be able to offer its cloud-based digital restaurant platform to leading corporate merchants in
ClearBank, a company that provides integrated banking services and real-time clearing for financial institutions, today announced a partnership with Allica Bank, a fintech bank dedicated to supporting small businesses. Small and medium enterprises based in the UK. Allica Bank was established to serve established UK SMEs (companies with 10-250 employees) and to provide them with
UKG announced an agreement to acquire Immedis. With the acquisition, UKG will launch UKG One View to modernize and transform multi-country payroll for multinational businesses by delivering unprecedented flexibility, real-time visibility, uniform controls, and an exceptional employee experience – all regardless of in-country provider. To transform multinational payroll with the smartest and most flexible HCM
Flutterwave, Africa’s leading payment technology company, today announced that it has acquired an e-money issuer and remittance license from the National Bank of Rwanda. This will allow the company to expand its operations in East Africa. With these new licenses, Flutterwave will be able to provide its 13.46 million people living and working in Rwanda
Clara, the leading digital end-to-end enterprise spending management platform in Latin America, announced the approval of up to $90 million in funding from Accial Capital, a debt provider based in the United States. The US focuses on emerging markets and its fund launches in the US. partnered with Skandia FCP IMPACTO, an impact-focused debt fund
UK-based lending platform Funding Circle has partnered with Sage, the accounting, finance, HR and payroll technology company for small and medium-sized businesses (SMEs). This partnership aims to simplify secure financing for small businesses. With the integration of Sage Accounting and Funding Circle API, businesses will now be able to apply for loans and manage their
The Citi Foundation announced the first-ever Global Innovation Challenge to help scale the impact of nonprofits around the world developing innovative solutions to improve food security. This first challenge will provide a total of $25 million to 50 organizations to support piloting or scaling up ideas and projects designed to address this issue and strengthen
Nexi, Europe’s Payment Technology, in partnership with Jakala, Italy’s leading Martech company, established CVM Martech Lab, the new customer value management center for the financial services sector, to provide giving banks and fintech better knowledge of data science and marketing. -how and technology to advance CVM, through solutions that leverage the key role of digital
It has been an eventful year. Fintech is far from reaching the peak of 2021, and while 2022 is largely about resetting the funding environment, 2023 will be a year of recalibration for fintech companies. The good news is that large and midsize companies are more concerned than ever about the impact on their bottom
