FinTech Icon


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.

Top Story

FinTech: “Massive Opportunity for Disruptors” and “The Biggest VC Exits” – Steve Sloane

July 13, 2020

Fintech presents a treasure trove of opportunities for disruptors. Steve Sloane, who is a partner at Menlo Ventures and runs the firm’s “Inflection Fund,” shared his vision for the fintech sector in an article.


Get Daily Updates

Subscribe to DailyAlts Today to get Alternative Investment news, insight, and commentary delivered straight to your inbox every day.

  • This field is for validation purposes and should be left unchanged.

More Stories on FinTech

Fintech: Platform for Muslim Investors Raises $25 Million

June 8, 2020

Wahed, the ethical investment fintech for Muslim investors, announced that it has raised $25 million in venture funding. The proceeds will be used to ensure people can invest their money into a diversified portfolio consisting of stocks, commodities, real estate, and Halal-focused asset ownership certificates known as Sukuk. Wahed Prepares for Mainstream The funding round…

FinTech: Arival Launches Banking Product for “Abnormal” Customers (BETA)

June 5, 2020

Are you one of the following and struggling to get a bank account? Freelancer, tech startup, crypto or blockchain-related business, e-Residency business, a charity organization, blogger, influencer, expat? Well, worry no more. Digital bank Arival will help you (because the bank reads abnormal as above-normal). Digital bank Arival announced its beta launch on Thursday of an online bank account that caters to the above kinds of abnormal customers that are sometimes shunned by the legacy banking system.

FinTech: Varo, Soon-to-be a National Bank, Scores $241M Fundraise

June 4, 2020

Challenger bank Varo, raised a further $ 241 million in a series D funding round co-led by existing investor The Rise Fund, and new investor Gallatin Point Capital. Other investors included movie producer Jeff Skoll, HarbourVest Partners, Progressive Insurance and U2 lead singer Bono.

Venture Capital: Fintech and Healthtech Startups To Get a Leg Up From London Stock Exchange and Global Accelerated Ventures

June 4, 2020

ELITE, the London Stock Exchange Group’s (LON: LSE) international business support platform, and Global Accelerated Ventures have launched a post-Covid-19 fundraising program. It will help fintech and healthtech firms with additional capital needs that may arise after the end of the pandemic.

FinTech: Mastercard Launches Fintech Express for Emerging European Startups

June 3, 2020

Mastercard (NYSE: MA) announced Tuesday the launch of its Fintech Express, a program to facilitate the launch and expansion of emerging European fintechs through tailor-made solutions.

FinTech: Western Union Is Looking to Acquire MoneyGram International

June 2, 2020

A Bloomberg report says Western Union has made a takeover offer for MoneyGram.
If the transaction succeeds, the two biggest players in the money transfer business in the US would combine. However, the matter is not yet officially public, and Bloomberg quoted a person who asked not to be identified.

FinTech: Brex, Which Raised $150M Last Month, Lays Off 14% Of Workers

June 1, 2020

In a blog post on Friday, Brex co-founders Henrique Dubugras and Pedro Franceschi announced the company was laying-off 62 workers. They attributed the decision to a re-orientation of the company’s products required due to the impact of COVID-19 on its customers.

FinTech: PruPay and PayPal Working on Text-based, Contactless Payments

May 29, 2020

PruPay is a specialty fintech company that provides easy payment solutions for merchants and consumers. The U.S.-based company announced Thursday its collaboration with PayPal (NASDAQ: PYPL) for the launch of touchless payments via text messaging. The facility of paying without having to touch another surface, device, or currency is especially useful amidst fears of rampant infection from the coronavirus.

FinTech: Stripe Adds Five More Countries to Its European Market

May 28, 2020

Stripe, the San-Francisco headquartered online payment platform provider, announced its official launch in the European countries of Czech Republic, Romania, Bulgaria, Cyprus, and Malta. The COVID-19 crisis has placed a focus on digital payments and there is a sharp spurt in the growth of Europe’s online economy. Businesses in the new countries will benefit from the $35 billion fintech’s technology-rich platform.

FinTech: Legacy Banks to Compress 5 Years of Digitization Into 12 Months – Wealthfront

May 27, 2020

Dan Carroll, founder and Chief Strategy Officer of legacy fintech Wealthfront is candid that the traditional banking industry stood exposed when the COVID-19 outbreak hit.
Banks had to shut down branches and call centers. But they faced the monumental question of how to service their customers. Their digitization efforts, clunky and low-priority, were suddenly put on full-speed-ahead. However, it’ll be a while before they achieve meaningful traction.

FinTech: Swiss Banking Giant UBS Homes in on Fintech Investing

May 26, 2020

Swiss banking giant UBS Group AG (NYSE: UBS) is planning to invest hundreds of millions of dollars in upstart fintechs through a proposed corporate venture capital fund. According to a Bloomberg report, the bank is seeking to jump-start its digitization by investing in high tech startups that are threatening banking incumbents.

Fintech: Visa Enters an Investment and Strategic Partnership with GoodData

May 22, 2020

Global analytics firm GoodData announced it had received an investment from Visa Ventures, the corporate venture investment division of payments giant Visa (NYSE: V). GoodData also said the two companies entered a collaboration to offer Visa’s customers and partners better access to data and analysis.

FinTech: Saudi Fintech Geidea Launches Beta Testing of End-to-End Solutions for SMEs

May 21, 2020

Geidea achieved the distinction of being the first fintech company to obtain a payment license from the Saudi Arabian Monetary Authority. As a payments processor, it can now operate in the Saudi banking market as a non-banking financial company and commands a 70% market share in POS terminals sold through banks. Geidea announced the launch of BETA testing of a complete range of products and solutions designed for the SME sector in Saudi Arabia.

Venture Capital: Brex, the Credit Card Provider for Startups, Raises $150M

May 21, 2020

Brex, the fintech which sells credit cards to startups, eCommerce companies, and life sciences companies, raised $150 million from Lone Pine Capital and a group of existing investors led by DST.

Venture Capital: British Startup Offers Travel Jaunts on the Never-Never

May 21, 2020

British fintech startup Fly No Pay Later’s innovative and quite literally “grab your bags and go” product allows travelers to pay for their trip over up to 12 months. Once travel restrictions ease, travelers eyeing mouth-watering flight and hotel offers, therefore, have no excuse. Unsurprisingly, Fly Now Pay Later found investors out there who were willing to bet $43 million on its product for the virus-battered, given-up-for-dead travel industry.

FinTech: Berlin-based Raisin Launches “Savings-as-a-Service” in the U.S.

May 20, 2020

Banks and credit unions in the U.S., eyeing the sharp rise in the deposits market following stock market turmoil, can use Raisin’s Savings-as-a-Service. The software is a tailored business solution that can bring “private banking like experience” to retail deposits. Banks can boost their deposits, all the while keeping costs within their control.

FinTech: The PPP Loan Program Helps Kabbage Bounce Back

May 19, 2020

Kabbage, the online fintech lender for small businesses, announced Monday that it processed more than $3.5 billion in SBA-approved PPP funding to 110,000 small businesses. It claimed the loans helped restore over half a million jobs at America’s smallest businesses.

FinTech: Post-COVID-19, Fintech To Emerge Stronger, Says Dubai Future Foundation

May 18, 2020

“Life after Covid-19: Financial Technologies,” a report issued by the Dubai Future Foundation, examines the impact of the pandemic on the UAE and the Arab world, and in particular, the fintech sector. The report reassuringly concludes that the sector would emerge stronger from the crisis as people take to digital services to run their lives.

FinTech: Oxygen’s New Digital Banking Platform is Designed for Gig Workers

May 15, 2020

Digital challenger bank Oxygen is bringing an all-new digital banking platform to freelancers and small businesses. The capabilities of the new platform, taken with the reach, capabilities, and security of the Visa (NYSE: V) network, will make it a valuable asset to hard-pressed freelancers.

Fintech: Swedish Loan Refinancier, Anyfin, Raises $30M Series B

May 14, 2020

Anyfin is a fintech that refinances consumers’ loans and is regulated by the Swedish Financial Supervisory Authority. It refinances consumer credit loans up to 200 000 kr, such as unsecured debt, payments, credit cards, installments or other credits. However, mortgages are not included. The firm raised $30 million in a Series B funding round led by EQT Ventures.

FinTech: Social Isolation Measures Help Brazilian Digital Wallet PicPay Amass 20M Customers

May 13, 2020

According to Reuters, Brazilian digital wallet PicPay expanded its user base to 20 million customers in early May as lockdowns and social distancing compelled people to run their lives digitally. Gueitiro Genso, CEO of PicPay, said the rate of opening of new accounts had spiraled by 6X following the closure of thousands of stores in Brazil since March.

FinTech: PayPal on a Roll – Raises $4B Debt With Little Added Leverage

May 12, 2020

PayPal Holdings Inc. (NASDAQ: PYPL) on Monday raised $1 billion in corporate bonds priced at 160 bps over Treasuries and yielding 2.3%. According to MarketWatch, the pricing is even less than what PayPal charges U.S. merchants for sales on its platform. PayPal also raised another $1 billion each in 3-year bonds with pricing aimed at a yield of $1.35%, 5-year bonds with a yield of $1.65%, and 30-year bonds with a yield of 3.25%.

Venture Capital: Despite COVID, Judo Raises $250M, Turns Unicorn

May 11, 2020

Judo Bank, an Australian bank has a mission to make it easier for Australian SME businesses to get funding starting from $250,000. The bank offers business loans, line of credit, equipment loans and finance lease. It announced Thursday its third equity funding round of $250 million at a post-money valuation of well over $1 billion. Judo did not release details of its latest valuation.

FinTech: April Was PayPal’s Strongest Month Since its IPO; “We will Hasten the Demise of Cash”

May 8, 2020

On Thursday, Paypal (NASDAQ: PYPL) declared its first-quarter numbers. President and CEO Dan Schuman’s remarks on the earnings call regarding PayPal’s post-quarter performance gave an insight into how the fintech’s fortunes are changing due to the COVID-19 crisis and shelter-in-place rules. His comments propelled the stock to a 14% gain for the day and an all-time high.