Fintech startup Stripe in talks for new funding at much higher valuation

The company could have a valuation of more than $70 billion or significantly higher, at as much as $100 billion, after the funding, the report said US fintech startup Stripe Inc is in talks for a new funding round at a much higher valuation, Bloomberg News reported on Tuesday, citing people familiar with the matter. […]

Global Fintech investment fell by 16% during the third quarter

investment

According to research conducted by Comprar Acciones, the total value of global fintech investments fell by 16% between the second and third quarter, down to $12.15 billion. While the total value of fintech investment fell, deal volume actually grew by 26%, with 716 new deals closed during Q3. Of this number, the US accounted for 64.7%, with their 340 […]

55. Super Bowl goes cash free

Super Bowl

For the first time, this season’s Super Bowl will be cashless after the NFL and partner Visa decided to accelerate the move to contactless payments because of the Covid-19 pandemic. Super Bowl LV, taking place in Tampa Bay in February, will offer 100% digital payment acceptance for fans throughout the stadium on game day, including […]

The 3rd GCC E-Payments and Online Banking Summit

The future of payments and banking industry EastMed Ltd, announced the 3rd Annual E-Payments and Online Banking summit will be held under the patronage of Central Bank of Bahrain on 2-3 December 2020, virtually. E-Pay Summit which has been held annually since 2018 is the chosen meeting point for senior influencers from the e-commerce, retail, […]

Santander acquires Wirecard’s assets for tech expansion

Santander-Wirecard

Banco Santander has released a statement confirming its acquisition of tech assets from insolvent payment processor Wirecard. Although not confirmed in the company’s official document, other sources report the total figure exchange as being €100m.  Wirecard, which declared insolvency earlier in the year following revelations that it had misplaced over US$2.3bn in funds, was formerly renowned for its technology’s widespread usage […]

5 French FinTechs transforming the financial sector

paypal

Over the last few years, the Fintech industry has known a real economic boom in France. According to Statista, digital payments have become increasingly mainstream in France, as more and more users are taking advantage of the conveniences of this type of payment. Mobile payments, credit cards and other types of digital payment methods represent […]

Why it’s natural for fintech innovations to slow down

Currently, fintech is one of the most emerging industries all over the world. More and more companies are launched every day using technologies to provide financial services to people involved in the business sector. In fact, fintech is all around us nowadays as everything we do online may be part of the industry without us […]

4 U.S. based FinTech companies transforming small business lending

Small businesses are the backbone of the U.S. economy and remain essential to the country’s economic growth and employment. According to the Small Business Administration (SBA), 99.7% of all U.S. private-sector employers are small businesses, and nearly 7 out of 10 American jobs are at a small business. With this scale, it’s easy to understand […]

Bunq brings Google Pay to the Netherlands and Portugal

The Dutch neobank, founded in 2012, has become the first provider to offer Google Pay support in its home country, as well as in Portugal. Google Pay is a safe and easy way to pay contactless with your NFC-equipped Android phone in physical retail locations or online. It creates encrypted virtual cards that are securely stored on your […]

Railsbank raises $37m

Banking-as-a-Service platform Railsbank has raised $37 million in a funding round led by MiddleGame Ventures and Ventura Capital. Anthos Capital, Global Brains, Clocktower Technology Ventures, Moneta VC, Mitsui Fudosan and Firestartr joined the round, the proceeds of which will be used to fuel London-based Railsbank’s geographic and product expansion. The most immediate target is the […]