UK fintech Capital on Tap to offer small business credit card in US markets, after acquiring $100m credit facility
Capital on Tap, a UK-headquartered Fintech firm, reveals that it has introduced its small business credit card in the US markets.
Nuapay research shows strong consumer demand for Open Banking to improve payment experience
New data from Nuapay has revealed that consumers are frustrated with the user experience when making card payments online.
UK FinTech exporter signs deal to make card payments safer in US
ICC Solutions was created out of the need for businesses to securely test card payments and prevent fraud.
London Fintech Updraft raises £16m to help people break up with their credit cards
Consumers will pay over £10b in fees and interests for overdraft and credit cards in 2020 alone. Updraft wants to reduce that amount.
Fintech Revolut to launch in the U.S. by year-end with Mastercard deal
Digital banking app Revolut is set to begin issuing its cards in the United States by the end of this year via a partnership with payments company Mastercard Inc MA.N, the two companies said on Tuesday. The announcement follows a similar deal last month where Mastercard rival Visa Inc V.N partnered with Revolut as part of its global expansion plans. Revolut, one of the world’s fastest-growing bank account providers, aims to undercut established players such as Bank of America BAC.N and JPMorgan Chase JPM.N on everything from foreign exchange to current accounts and remittances. “We’re going to ensure our product is better value for customers, most U.S. banks charge $10 […]
London Fintech Yordex adds smart cards to suite of software
UK fintech Yordex is making it simple for fast-growing companies to control business spend by adding company cards to its smart spend management solution, giving businesses complete visibility and authority over their current and future finances. Expense management currently takes up a disproportionate amount of time and money within most organisations; on average, it costs in excess of $20 in people power to process every invoice or expense claim, while expenses only account for less than 6% of total company spend. In addition, firms struggle to get a real-time picture of their financial health, as their existing software platform only provide a historical view of spend. It takes an average […]
London fintech Curve closing in on $10M Series A
Curve, the London fintech startup that offers a platform that lets you consolidate all your bank cards into a single Curve card and manage your money, is on the verge of closing $10 million in Series A funding. According to sources, the round, which could be announced as soon as this week, is being led by Connect Ventures, with participation from Santander Ventures, the venture arm of Spain-headquartered bank Santander Group. A number of other investors from the fintech and banking world are also participating, although I haven’t been able to pin down who they are. It is also not clear if this Series A includes an earlier bridge round […]
4 Reasons to use a Digital Wallet
Are you using a digital wallet? If not, you are not alone. Only about 13 percent of smartphone users have adopted digital wallets, the relatively new technology that allows our mobile devices to execute a myriad of financial transactions. But digital wallets are coming of age at a lightning pace. Companies like Due offer digital wallets that have streamlined the way we pay for things and get paid, and are changing the world of commerce itself. So if you have been slow to adapt to the word of digital wallets, here are four reasons to change your mind, and get a digital wallet today. Security Losing your wallet, or worse, […]
