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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: Users Can Now Receive Western Union Remittances Into Vietnam’s Highly Popular MoMo App

March 21, 2023

Western Union and MoMo have announced a collaboration enabling MoMo’s 31 million customers to receive Western Union money transfers through the MoMo app. This is the first time Western Union’s services have become available on a leading super app in Vietnam.


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FinTech: Mission Lane Customers To Get Access To Plaid Apps In Expanded Tie-Up

February 23, 2023

Mission Lane strives to extend financial inclusion to credit excluded people. Fintech company Mission Lane has announced an expansion of its partnership with data network Plaid to provide the latter’s secure open finance solutions to its over two million customers. The partnership will leverage Plaid’s open finance API data connectivity solution to enable customers to…

FinTech: Dutch Challenger Bank bunq Pivoted To A Profit In Q4 Of 2022

February 22, 2023

Bunq, the second largest neobank in the European Union, has achieved a significant milestone by reporting a pre-tax profit of €2.3 million in the final quarter of 2022. This achievement marks the first time the challenger bank has recorded a quarterly profit and is expected to fuel its future growth and expansion as it aims to become the world’s first neobank for location-independent people and businesses.

FinTech: Israeli Fintech Liquidity Group Turns Unicorn After $40M Investment By MUFG

February 21, 2023

Israeli-founded fintech company Liquidity Group has raised $40 million from Japanese banking giant MUFG Bank (NYSE: MUFG), valuing the company at $1.4 billion and pushing it into unicorn status.

FinTech: Revolut May Report A Profit In Audited 2021 Accounts

February 20, 2023

Revolut, a UK-based fintech, is expected to finalize its 2021 financial accounts next week after months of delay, according to people familiar with the matter. The company’s audit committee will meet on Thursday to approve the accounts, which are then expected to be signed off by auditor BDO on Friday.

FinTech: Visa, Froda, And Lunar Tie-Up For Global SME Lending Solution

February 17, 2023

Fintech company Froda has partnered with Visa (NYSE: V) and Nordic digital bank Lunar to create a new, global loan solution for small and medium-sized enterprises (SMEs). The solution will utilize push-payment technology to reduce transaction times to a few seconds (instead of months, as now), aiming to offer easy access to financing and instant payouts for entrepreneurs.

FinTech: Aspire, The All-In-One Finance OS, Snags $100M

February 16, 2023

Aspire, a Singpaore-based financial services provider founded in 2018, has closed an oversubscribed Series C round at $100 million. The round included investments from Lightspeed, Sequoia Capital SEA, Paypal Ventures, LGT Capital Partners, Picus Capital, and Mass Mutual Ventures. (Aspire)

FinTech: Across The Pond, Tie-ups In Fintech On Cashbacks And Insurance

February 15, 2023

France: BNP partners with Lemonade on renters’ insurance; Belgium: ING ties with Amazon on cashbacks.

Venture Capital/FinTech: Indian Payments Giant PhonePe Lands $100M

February 15, 2023

PhonePe, one of India’s largest fintech platforms, has raised an additional $100 million in funding from investors Ribbit Capital, Tiger Global, and TVS Capital Funds (TCF), bringing the total amount raised in six weeks to $450 million.

FinTech: NatWest Group Acquires Cushon, A UK Savings FinTech

February 14, 2023

NatWest Group (LON: NWG) plans to acquire a majority shareholding of 85% in Cushon, a workplace savings and pensions fintech, for £144 million (US$175 million), with the remaining 15% retained by Cushon management.

FinTech: Fintech Collaborations In The News

February 13, 2023

Mastercard (NYSE: MA) and Xsolla have announced a partnership to improve the digital payment experiences for gamers. The collaboration aims to provide secure, frictionless and rewarding payments for gamers, from in-game currency gifting to improved creator payout processes.

FinTech: UK Digital Bank Monzo Eyes Potential Profitability In 2023

January 31, 2023

UK neobank Monzo achieved revenue growth of 250% during 2022, raising hopes that 2023 would be the first year it makes into the black. Revenues surged 250% to £440m in the year ending December 2022, compared to the 92% growth to £154.2m reported for the year ending February 2022. Monzo now aims to break even this year, a singular achievement among Europe’s neobanks. The bank has been cash flow positive since October 2022.

FinTech: Stripe Could Raise $2.5B At A $55B-$60B Valuation

January 31, 2023

Thrive Capital, founded by Joshua Kushner, is leading an investment in Stripe, a payments provider, at a $55 billion to $60 billion valuation, down from two years ago, according to sources. Stripe aims to raise $2.5 billion and Thrive has committed $1 billion, another source said.

FinTech: Stripe Becomes Primary Payments Infrastructure For BMW Of North America

January 30, 2023

Stripe, the fintech firm, has been chosen by BMW of North America to handle its US ecommerce, including preorders and online sales of BMW warranties, maintenance, digital services, and more. The move comes as automakers seek digital solutions to meet rising customer expectations.

FinTech: Kroger Health To Use Its Vast Network To Facilitate Clinical Trials

January 27, 2023

Kroger Health, the healthcare division of The Kroger Co. (NYSE: KR), announced the creation of its clinical trial site network in partnership with pharmaceutical companies, contract research organizations, and health systems. The company’s first trial, in collaboration with Persephone Biosciences, is currently recruiting participants for a study on colorectal cancer gut and immune health. Initial enrollment for the study will take place at select Kroger pharmacies and The Little Clinic LLC locations in Toledo, Ohio, with plans to expand locations and participants over the next year.

FinTech: Stripe Evaluating Alternatives To Enable Employees To Cash In Soon-To-Expire Options

January 27, 2023

Payment startup Stripe plans to go public next year, according to a Thursday report by The Information. Despite being valued at $95 billion in 2021 and being one of the most highly-anticipated IPOs of 2023, Stripe co-founder John Collison had previously stated that there were no immediate plans for a public offering. This may now change as the company faces the issue of 10-year stock units awarded to veteran employees that are set to expire at the end of this year.

FinTech: Kayak And Affirm Tie-Up To Offer ‘Pay Later’ To Air Travellers

January 26, 2023

Affirm, a payment network that helps consumers and merchants, announced a partnership with KAYAK, a leading travel search engine, making Affirm (NASDAQ: AFRM) the company’s exclusive ‘buy-now-pay-later’ (BNPL) provider in the US.

FinTech: Wahed, A Fintech Backed By Aramco, Opens London Branch For Shariah

January 24, 2023

New York-based fintech startup Wahed, which is backed by oil giant Saudi Aramco (TADAWUL: 2222) and French soccer player Paul Pogba, has opened a physical branch in London, UK to target the country’s 3.9 million Muslims with sharia-compliant investment management and advice services.

FinTech: Marqeta And Deloitte Tie Up To Modernize Global Payments

January 24, 2023

Deloitte and Marqeta (NASDAQ: MQ), a global modern card issuing platform, have formed a strategic alliance to provide innovative payment solutions and accelerate the payment modernization efforts of banks, fintechs, and payments providers.

FinTech: Amazon And Stripe Agree To Expand Existing Relationship

January 24, 2023

Amazon (NASDAQ: AMZN) and Stripe have announced an expanded global partnership that will see the two companies deepen their long-standing relationship.

FinTech: Walmart Introduces “Walmart Business” For Small And Medium Businesses

January 23, 2023

Walmart (NYSE: WMT) has announced the launch of Walmart Business, an eCommerce site and customer experience designed specifically for small and medium businesses (SMBs) and nonprofits. The company has been working with SMBs and nonprofits to develop solutions that will help them run smoother, stay in control and in stock, and create efficiencies to operate and grow.

FinTech: Playter Announces Paid, A BNPL Scheme For SMBs In The UK

January 20, 2023

Playter, a provider of B2B Buy-Now-Pay-Later for small and medium-sized businesses in the UK, has introduced a new credit offering called “Paid.” The company’s mission is to help SMEs release cash flow for growth and investment by offering flexible financing options.

FinTech: Middle-East Focused BNPL Fintech Tabby Lands $58M Funding

January 19, 2023

BNPL fintech Tabby is active in Saudi Arabia, UAE, Egypt and Kuwait. Tabby, a leading BNPL shopping and financial services app in the MENA region, has raised $58 million in a Series C round led by Sequoia Capital India and including STV, PayPal Ventures, Mubadala Investment Capital, Arbor Ventures, and Endeavor Catalyst. The funding values…

FinTech: Uber Eats And Visa Make A Join Effort To Promote Environmentally Friendly Restaurant Packaging

January 17, 2023

Uber and Visa have announced a new program to support small-and medium-sized businesses in their transition to green and sustainable packaging solutions. The program is also part of a broader effort to support small businesses that use Uber Eats to grow their businesses.

FinTech: Three-Way Collaboration Between Allianz Trade, Santander And Two For B2B BNPL Solution

January 13, 2023

A new global B2B Buy Now Pay Later (BNPL) solution is being developed by a three-way collaboration between Allianz Trade, a global leader in trade credit insurance, Two, the business-to-business (B2B) e-commerce payments platform, and Santander CIB (BME: SAN), one of the top trade finance banks in the banking sector.