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Forter Partners with Flutterwave to Drive eCommerce Growth Across Africa and Beyond
This new partnership connects more than 290,000 businesses with Forter’s global network to approve more legitimate online transactions and block fraud instantaneously New York, NY – April 15th, 2021 – Forter, the leader in e-commerce fraud prevention, has announced a partnership with Flutterwave, Africa’s leading payments technology company. The partnership, the first of its kind […]
Fintech apps outperform banks as pandemic shakes consumer finances
Finance app downloads spiked by 15% during the pandemic, with mobile fintech applications outperforming banks by a factor of up to 10.8x, according to figures from mobile anlaytics platform App Annie.The report found that amid economic uncertainty, demand grew for finance apps across investing, banking, cash transfers and government aid. Finance apps were downloaded 4.6 […]
Coinbase hits $76bn valuation on market debut
Coinbase shares opened at $381 on its debut on Nasdaq, valuing the cryptocurrency exchange at $75.9 billion.The opening price was 52% up on Coinbase’s reference price of $250 and makes the company more valuable than financial heavyweights including Nasdaq and Discover. Including options and other kinds of stock-based awards, the $381 price values Coinbase at […]
FS giants join $65m ConsenSys funding round
JP Morgan, Mastercard and UBS have joined a $65 million funding round for blockchain software engineering firm ConsenSys. Blockchain companies Protocol Labs, the Maker Foundation, Fenbushi, The LAO, and Alameda Research also joined the round. ConsenSys says it will use the funding to “accelerate the convergence of decentralized finance (DeFi) and Web3 applications on Ethereum […]
Mastercard unveils carbon calculator for banks
Mastercard has teamed up with Swedish fintech Doconomy to develop a carbon calculator that banks can integrate into their apps to give customers a snapshot of the emissions generated by their purchases across spending categories.Mastercard and Doconomy have been working on carbon footprint tracking based on purchases for the past couple of years but are […]
Pine Labs acquires Southeast Asian startup Fave for $45 million
Pine Labs said on Tuesday it has acquired Southeast Asian startup Fave in a deal valued at $45 million as the Indian firm looks to strengthen its consumer-focused offerings in the domestic and international markets. Fave helps an offline merchant connect and retain customers by using gift cards and vouchers. The startup allows merchants to accept digital payments […]
How Will Big Data Transform E-Commerce Marketplaces?
With the data volumes skyrocketing, businesses are applying modern technologies to harvest the power of data science. More e-commerce executives agree on the following: big data holds the key to the amazing future of the e-commerce industry. Big data enables e-commerce companies to improve decision making, gain a competitive advantage, enhance their performance, products, and operational processes. It […]
Two-year old Ramp joins fintech Unicorn club
Ramp, a corporate credit card startup founded by the team behind Paribus, a consumer finance firm acquired by Capital One in 2016, has confirmed $115M in new funding from D1 Capital Partners and Stripe, with support from Goldman Sachs, Founders Fund, Coatue Management, Thrive Capital, Redpoint Ventures, Box Group, Neo, and Contrary Capital.The round brings […]
Fintech Innovations are disrupting the payments industry
Digital banking innovation has revolutionised the banking and finance industry like never before. You can now interface with financial technology and Distributed Ledger Technology (DLT) to transform your payment technology. DLT is the backbone of fintech innovation as it provides an additional layer of security and aids in easier transactions, unlike traditional methods. DLT is […]
TrueLayer raises $70 million in preparation for Open Finance moment
UK Open Banking platform TrueLayer has raised $70 million in a Series D fundraising round.The round was led by new investor Addition and included participation from a list of well-connected angel investors. It brings the company’s total fundraising to $142 million. Existing investors, including Anthemis Group, Connect Ventures, Mouro Capital, Northzone, and Temasek, also participated. […]