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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 […]
Lanistar’s New Card Supports Personalized Security, A First In Fintech
Bottom Line: Lanistar’s new payment card provides an innovative solution to the paradox holding FinTech back from growing faster, which are the conflicting needs of providing tighter transaction security while giving customers more freedom to customize services. Fintech startups bring much-needed innovation to the Financial Services industry by concentrating on the two main problems holding back […]
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 […]
How Fintech Is Tackling Access, Infrastructure: ‘You Have To Keep Innovating’
The financial services industry needs to address the 1.6 billion people without stable access to the sector, Basil Moftah, general partner at Global Ventures, said Tuesday at the Benzinga Global Fintech Awards. “How do you bring them into the digital world with all the benefits that many of us have gotten used to?” he said during a discussion […]
New Report Finds Common “Blockchain for Good” Would Help Humanitarian Sector Build More Trust and Efficiency
A new report has found that a new, cross-sector blockchain could help aid agencies respond to increasingly frequent and complex crises, and provide significant cost savings. The technology would allow humanitarian groups to reach more people at a time when aid spending is under pressure from shrinking government budgets and priority is given to the […]
Alternative financing is a lifeline for SMEs under lockdown
As the UK enters another lockdown, businesses around the country – especially small companies – are fighting for their survival. While COVID-19 rages, SME lending in the UK has tanked and liquidity has plummeted by 80% since the pandemic began. Government-led schemes including tax deferrals and government-backed loans have helped SMEs stay alive (some continuing […]
Fintech Unicorns Flywire And AvidXchange Are Planning To Go Public In 2021
As more people and businesses move transactions online during the pandemic, financial technology companies are reaping the benefits. On top of other expected IPOs in 2021 like Robinhood, Affirm and Marqeta, two more fintech unicorns are planning to go public, according to people familiar with the matter. AvidXchange, a Charlotte company that lets businesses pay their bills […]
The race to be China’s top fintech platform: Ant vs Tencent
As Ant Group seizes the world’s attention with its record initial public offering, which was abruptly called off by Beijing, investors and analysts are revisiting the fintech interests of Tencent, Ant’s arch rival in China. It’s somewhat complicated to do this, not least because they are sprawled across a number of Tencent properties and, unlike Ant, don’t go by a […]