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UBS in talks to invest $400 million in India’s Paytm
UBS is in talks to invest $400 million in Indian digital payments startup Paytm, according to Bloomberg. A fund run by UBS’s asset management arm is in discussions to buy a stake in Paytm alongside some of the Swiss bank’s clients, according to people close to the talks. UBS is negotiating the purchase of Paytm […]
Visa, Plaid call off $5.3 billion deal
(Reuters) – Visa and financial technology company Plaid said on Tuesday that they would terminate their $5.3 billion merger agreement following a U.S. government lawsuit aimed at stopping the proposed transaction on antitrust grounds. The U.S. Justice Department had sued to stop the deal in November, saying that Visa was a “a monopolist in online […]
Meet Mark – Digital Source Internal Interview
For our first internal interview of 2021, we bring you an all new release from our meet-the-team series. For this edition, we caught up with Creative Director, Design Lead and chief-operating-comedian Mark Manzi. Dive into our chat below, as he shares with us everything from his creative process, to his most memorable projects at DS […]
Walmart launches fintech startup to build digital financial products for customers, employees
Walmart (WMT), the world’s largest retailer, announced on Monday that it is launching a financial technology (fintech) startup in partnership with Palo Alto, Calif.–based venture capital firm Ribbit Capital, a backer of Robinhood, Credit Karma and Affirm. The new fintech company, which will be majority-owned by Walmart, aims to “develop and offer modern, innovative and […]
Fintech firm Checkout.com crowned Europe’s top unicorn after tripling valuation to $15 billion
LONDON — Online payments firm Checkout.com is now Europe’s top tech unicorn. Checkout.com said Tuesday that it had raised $450 million in an investment led by Tiger Global Management — which is also an investor in rival payments giant Stripe — lifting its valuation to $15 billion. That’s almost three times the $5.5 billion Checkout.com was worth in […]
The 10 fastest fintechs to reach billion dollar valuations
One European fintech sits among the top 10, reaching unicorn status in less than 4 years. The world is now home to over 70 fintech “unicorns” — startups worth over a billion dollars. If nothing else, this highlights the continued hype around the fintech sector, with investors tripping over themselves to fund companies promising to disrupt […]
Grab’s fintech arm raises $300m in round led by Hanwha
“Grab, the Southeast Asian US$15 billion ride-hailing and food delivery giant backed by SoftBank and Uber, is accelerating its expansion into financial services with a new fundraising by its fintech subsidiary. Grab is betting on growing demand from the region’s rising class of merchants and consumers,” reported The Information. The ride-hailer’s fintech unit, Grab Financial Group, […]
Fintech in the midst of global pandemic: Predictions for 2021
As the world is anxiously anticipating the arrival of long-awaited vaccines and people are hoping that the new 2021 will bring things back to normal, we are asking ourselves what the future of the global fintech industry might look like in the next twelve months. When the majority of the world’s population was forced to […]
Jobs in fintech bounce back after brief lockdown lull
Fintechs and payments companies need to make staff recruitment a priority as talent pool shrinks Demand for tech professionals in the fintech and digital payments sector bounced back strongly after a short pause during the initial Covid-19 lockdowns. Research by recruitment consultancy Headcount found that the pandemic had fuelled digitisation across Europe, increasing the need […]
Green Dot launches mobile bank
Green Dot has launched a mobile bank, called GO2bank, targeting the two in three Americans “living paycheck to paycheck”. Green Dot says millions of Americans are unbanked or using expensive methods like cheque cashiers, money orders, and bill pay services to access the cash they need. GO2bank customers will get up to $200 of overdraft […]