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Why Fintech is the Biggest Driver of Financial Inclusion
The role of financial inclusion in reigniting the global economy in a post-pandemic world cannot be understated Ensuring universal access to financial products and utilities features in eight of the UN’s seventeen Sustainable Development Goals, identified as an enabler for ending poverty and hunger and achieving gender equality. However, financial inclusion also has the power […]
Omnio selects AutoRek for reconciliation solution
Scottish fintech company, AutoRek, a leading software provider to global financial services firms, is proud to announce Omnio as the latest addition to its expanding list of digital banking/payments clients. Omnio is a high growth financial services infrastructure provider, combining the best of banking capabilities and customer engagement / loyalty together in a single platform. Headquartered in London with […]
Current raises $220m at $2.2bn valuation
US digital banking startup Current has tripled its valuation to $2.2 billion off the back of a $220 million Series D funding round led by Andreessen Horowitz.Tiger Global Management, TQ Ventures, Avenir, Sapphire Ventures, Foundation Capital, Wellington Management and Expa joined the round, which sees Current’s valuation jump from $750 million at its last raise […]
Teen Banking Startup Step Takes In $100 Million In Series C Funding
Step has raised $100 million in Series C funding, the FinTech banking startup said in a news release on Tuesday (April 27). Led by General Catalyst, the round attracted some high-profile investors, including NBA All-Star Stephen Curry, actor Jared Leto and Dreamers VC, the fund founded by Will Smith. The company, which recently marked 1.5 million users in […]
Greenlight hits $2.3bn valuation on $260m funding round
Greenlight Financial Technology, the startup behind an app and debit card for kids, has hit a $2.3 billion valuation thanks to a $260 million Series D funding round led by Andreessen Horowitz.TTV Capital, Canapi Ventures, Wells Fargo Strategic Capital, BOND, Fin VC, Goodwater Capital, Wellington Management, Owl Ventures and LionTree Partners joined the round, which […]
The Data Lakehouse: Just Another Crazy Buzzword?
Data professionals have long debated the merits of the data lake versus the data warehouse. But this debate has become increasingly intense in recent times with the prevalence of data and analytics workloads in the cloud, the growing frustration with the brittleness of Hadoop, and hype around a new architectural pattern – the “data lakehouse.” […]
The Data Lakehouse: Just Another Crazy Buzzword?
Data professionals have long debated the merits of the data lake versus the data warehouse. But this debate has become increasingly intense in recent times with the prevalence of data and analytics workloads in the cloud, the growing frustration with the brittleness of Hadoop, and hype around a new architectural pattern – the “data lakehouse.” […]
Sopra Banking Software Joins IBM Cloud for Financial Services Ecosystem
Paris, April 27, 2021 – Sopra Banking Software, the partner of choice for more than 1,500 financial institutions worldwide, announced that it will join the IBM Cloud for Financial Services Ecosystem. The IBM Cloud for Financial Services, which recently became generally available, is designed to help financial institutions transact with technology vendors, such as Sopra Banking Software, who have met the platform’s stringent security […]
Chargebee valued at $1.4 billion in new $125 million fundraise
A startup that enables businesses to set up and manage their billing, subscription, revenue operations and compliance has become the newest firm to earn the much-coveted unicorn status. Chennai and San Francisco-headquartered Chargebee said on Tuesday it has raised $125 million in its Series G financing round led by Sapphire Ventures and existing investors Tiger Global and […]
Checkout.com leads $110 million debt and equity round in Saudi BNPL startup Tamara
Checkout.com has led a $110 million investment round in Saudi Arabian buy now, pay later startup Tamara. Founded in 2020, by serial entrepreneur Abdulmajeed Alsukhan and his partners Turki Bin Zarah and Abdulmohsen Albabtain, Tamara was the first BNPL firm to be enrolled in the Saudi central bank’s sandbox programme. Since then, it closed a […]