Demand for embedded finance soars among SMBs as traditional banks fall short: Airwallex
Airwallex, a leading global payments platform, announced a new global survey that revealed surging demand for cloud-based financial services.
CellPoint Digital partners with Radisson Hotel Group
UK fintech CellPoint Digital, a global leader in payment orchestration, has announced a new partnership with Radisson Hotel Group.
Future FinTech agrees to purchase UK money transfer company
Future FinTech Group announced that it has signed a definitive agreement to acquire 100% of the equity of money transfer company Khyber Money Exchange.
Rapyd raises £215 million Series E to further enhance its Fintech as a Service offering
Rapyd, a global Fintech as a Service company, have announced a £215 million (USD$300 million) Series E funding round led by Target Global.
UK fintech Quantexa raises £110 million led by Warburg Pincus
Quantexa has raised £110 million (USD$153 million) in Series D funding from Warburg Pincus and a growing group of blue-chip investors.
TransferWise expands in Middle East with Abu Dhabi license
TransferWise, the $3.5 billion financial technology start-up backed by investors including Peter Thiel and Richard Branson, is expanding its money transfer service in the Middle East. The company announced Tuesday it obtained a license as a Money Services Provider in Abu Dhabi. The license will allow users in the United Arab Emirates (UAE) to transfer funds in the local dirham currency, also referred to as AED, into accounts around the world through TransferWise’s platform. “Money transfers from AED have long been one of our most wished for currencies, so we always knew we’d begin our expansion into the Middle East in the Emirates,” Kristo Käärmann, CEO and co-founder of TransferWise, […]
The most important FinTech Innovations that will change our lives in the near future
Technology is affecting the topography of workflow and processes in the financial services industry. What was once handled with the assistance of human hands, physical currency and bulky computers has now been completely digitalized. It is an undeniable expanse of financial services globally and that has bred a fertile ground for FinTech startups. Start ups are reimagining every kind of financial activity including wealth management, banking, payments and more. And these innovations have attracted massive investment too. This financial technology or FinTech revolution has left the traditional financial industry with a poignant question – how to stay relevant in this digital age and avoid being history? The advantage lies with […]
