Walmart Sharpens FinTech Super App Ambition, Poaches Goldman Bankers

Walmart is enlisting the help of two Goldman Sachs executives to help roll out a new FinTech startup as the retail giant gets into banking, Bloomberg reports. The executives are Omer Ismail and David Stark, the report says. Ismail is the head of Goldman’s commercial bank and is making a “surprise exit” to the FinTech. And Stark, according to the release, is one […]

Dutch startup Founda Health books $15 million to bring ‘fintech platform’ model to healthcare

founda

Founda Health, an Amsterdam startup that says it’s bringing fintech-style ‘platformization’ to healthcare, has raised a $15 million seed funding round from an undisclosed group of healthcare and fintech entrepreneurs. Founda cites how fintech has made payments intuitive for the consumer: multiple finance players integrate and collaborate in the background to process a secure credit […]

Google introduces pay for parking within Google Maps

Google has released a new feature which lets consumers pay for parking and transit fares directly from within Google Maps. Users just need to link their Google Pay account to the Maps application to make touch-free payments at parking meters in more than 400 cities across the US. States the tech giant: “Thanks to an […]

Post-Brexit Britain Plots Fintech Big Bang with Hubs, Tech Visas

U.K. Chancellor Rishi Sunak plans to introduce new visas for financial technology workers in next month’s budget, part of a package of proposals in a report aimed at boosting the industry in the country, according to newspapers. The fast-track visa program is designed to lure global talent to Britain’s fintech companies and will mirror a […]

Internet browser Opera prepares for roll out of fintech banking service

Opera

Internet company Opera is moving into financial services with the launch of Dify, an in-browser cashback service and digital wallet for online shopping.Launching first in Spain, the the initial version of the Dify app ships with a current account, a free virtual debit card issued by Mastercard, as well as Google Pay support for offline […]

Joompay partners with Visa for pan-Europe payment solutions

joompay

A relative newcomer on the scene, Joompay was founded in 2019 in Windhof, Luxembourg. The company aims to develop the increasingly popular P2P payments model with simple, fast and secure transactions across the entirety of Europe.  Also gaining momentum are card payments, particularly in the 12 months since the start of the global pandemic. In Europe alone, […]

Sopra Banking Software unveils fintech marketplace

marketplace

Sopra Banking Software, leading partner of over 1,500 financial institutions across the world, announces the launch of its Marketplace aiming at accelerating modernisation and platformisation of banking and financial systems.This new Marketplace consolidates all offers provided by its partner FinTech. It will enable banks and financial institutions to leverage innovative use cases, combined with the […]

Got Revenue? Alternative Financing Tools Look To Help SaaS Founders Avoid Dilution

revenue

While large venture funding rounds often grab the headlines, more tools continue to spring up to offer founders alternatives to what can be costly dilutive equity rounds. While venture debt, shred earning agreements (SEALs), simple agreement for future equity (SAFEs), and revenue-based financing all have proliferated in popularity to some degree or another, some companies […]

Monzo to raise £50M, another funding during COVID-19 pandemic for London fintech

monzo

Monzo, the UK-based challenger bank that allows customers to access a range of products and services, is expected to raise a £50 million extension in Series G round from existing shareholders and a new San Francisco-based VC firm Octahedron Capital. The new funding will take the amount raised by the digital bank during the pandemic to £175 […]

How Jay-Z’s Fintech Investment Could Inspire Music Industry Innovation

Jay-Z

There is a new startup expanding the financial technology industry, and rap icon Jay-Z’s Marcy Venture Partners (MVP) is a key investor. Los Angeles-based Perch Credit, a free credit score-building business founded in 2019, recently closed its seed investment round of $2.5 million and launched a new app.  Perch Credit CEO Michael Broughton and CTO Ayush Jain […]