FinTech

Digital payments alone could become a $100 trillion industry, according to PwC. And that’s just one component of the global Fintech industry. This channel tackles the lenders and buyers, the obstacles and achievements, and the trends and trend makers leading the ongoing technological evolution in global finance.

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FinTech: Fundbox Hires Former Goldman Sachs Investment Banker as CFO

Fundbox, the fintech startup that finances SMEs, is planning a potential IPO. Fundbox has appointed Marten Abrahamsen as its CFO effective this January. Abrahamsen was previously a partner at The Chernin Group LLC, a Los-Angeles-based investment firm. Before that, he managed Coatue Management LLC’s investments in Grab Holdings Inc. and Jet.com Inc., an online retailer. He also worked as an investment banker at Goldman Sachs

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Finablr And Samsung Pay Announce New Fintech Money Transfer Service
October 4, 2019

For the first time in the US, a Samsung Pay user can transfer money internationally to 47 countries using their mobile. Finablr, a UK-based and listed fintech, has partnered with…

Cloud And Saas Banking Startup nCino Raises $80M
October 3, 2019

nCino, the startup known for its cloud-based, SaaS solution for banking operating systems, raised $80 million. nCino’s cloud-based, banking operating system runs off the Salesforce platform. Existing investor Salesforce Ventures…

Scared Of Falling Into Student Loan Debt? Try Cleo To Help Yourself Budget
October 3, 2019

Cleo is the fastest-growing fintech app in history. It’s a money management tool with a sense of humor and “zero-tolerance policy for bullsh*t.” Barnaby Hussey-Yeo, a data scientist, founded AI-powered…

Challenger Bank Revolut’s Losses Double As Costs Surge
October 1, 2019

Revolut, the challenger bank and famed European unicorn, lost £32.8 million ($40.3 million) in 2018. The UK-based fintech reported a 247% jump in its cost of sales attributable to user…

Revolut Taps Visa to Expand Its Global Market Reach
October 1, 2019

European fintech giant Revolut has announced a deal with Visa to expand its global reach. In a statement, the firm said it will leverage Visa’s brand, scale, and global acceptance footprint…

U.N.’s Interim Report on Harnessing Digitalization in Financing of Sustainable Development Goals
September 30, 2019

On November 29, 2018, the Secretary-General constituted a 17-member task force on Digital Financing of Sustainable Development Goals.

Paying Off Student Loan Debt Most Significant Life Milestone for 35% of Millennials
September 27, 2019

Millennials valued paying off their student loans even more than buying a house or starting a family. That’s a finding on student loan debt from a survey by personal finance…

Australian Watchdog Orders Audit of Paypal for Lapses in Money Transfers
September 25, 2019

Austrac suspects that Paypal had not met reporting obligations regarding anti-money laundering and counter-terrorism financing laws. An external auditor will conduct Austrac’s audit of Paypal and report to Austrac within…

Stripe Valued at $35 billion in Latest Funding Round
September 20, 2019

Payments start-up Stripe raised $250 million in additional funding at a new pre-money valuation of $35 billion. Investors in the latest funding round of payments start-up Stripe included General Catalyst,…

EquityMultiple: A Platform for Investors In Opportunity Zones
September 19, 2019

The EquityMultiple platform facilitates real estate investments in Opportunity Zones that come with tax breaks. Investors fed up with the measly returns in the current environment may consider real estate…