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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: UK-Based PensionBee Reports Assets Under Administration Have Doubled In A Year

July 26, 2021

An influx of new customers has boosted two-fold PensionBee’s assets under administration as at June 30, 2021. Further, in a landmark year, PensionBee (LON: PBEE) raised £55 million from an IPO in April, putting it on course to achieve profitability by 2023.


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More Stories on FinTech

FinTech: German Regulator BaFin Hauls Up N26 On Money Laundering Lapses

May 13, 2021

On Wednesday, Germany’s Federal Financial Supervisory Authority (BaFin) ordered challenger bank N26 to implement appropriate internal controls and safeguards and comply with general due diligence requirements to prevent money laundering and terrorist financing. It also appointed audit firm Mazars as a special supervisor to monitor N26.

FinTech: eBay UK To Offer Finance To Pandemic-Hit Sellers On Its Platform

May 12, 2021

In a bid to help out sellers and small businesses that have launched on its platform, eBay UK will offer them financing through a tie-up with YouLend. As part of the CEBS, YouLend will offer eBay business sellers funding in the range of £500 to £1m.

FinTech: Brazilian Payments Network CloudWalk Reels In $190M Series B Funding

May 12, 2021

CloudWalk, the Brazilian payments processor, announced Tuesday its Series B funding of $190 million. The round brought up the firm’s aggregate capital raised to $206 million. Coatue led the round, with participation from DST Global and existing investors such as FIS, The Hive Brazil, and Valor Capital.

FinTech: ByteDance Muscling In On Alibaba’s E-Commerce Turf; Hires Thousands

May 10, 2021

A Bloomberg report says Zhang Yiming, the AI genius who built ByteDance into a global behemoth via apps such as TikTok, is already flexing his muscles for the next battle. Not content with queering the pitch for media rivals such as Facebook (NASDAQ: FB), Zhang this time has e-commerce, and Alibaba (NYSE: BABA), in his sights.

FinTech: Surging Cash App Volumes Help Square Crush Q1 Market Expectations

May 7, 2021

Square Inc (NYSE: SQ) left analysts’ estimates in the dust with its numbers for the first quarter. The payments giant clocked quarterly revenues of $5.1 billion, well above analysts’ consensus of $3.34 billion and last year’s tally of $1.38 billion. It reported adjusted earnings of 41 cents per share, compared to expectations of 17 cents and last year’s loss of 2 cents a share.

FinTech: Macy’s Offers Klarna’s “Pay In Four” BNPL Payment Option

May 6, 2021

Departmental store chain Macy’s (NYSE: M), which operates more than 750 stores nationwide, is partnering with fintech Klarna to offer its Pay in Four service. Macy’s customers can opt to pay for their purchases in four interest-free installments at checkout.

Digital Assets: Tala And Visa Will Offer Stablecoin Transactions To The Underbanked

May 6, 2021

Tala, a personal finance app and financial services provider active in emerging economies, and Visa (NYSE: V) will collaborate to bring cryptocurrencies, such as the USDC stablecoin, to underbanked people across the world.

FinTech: Porsche’s App Makes Contactless Parking A Cinch In Melbourne

May 5, 2021

Porsche owners in Melbourne can now look forward to super-easy off-street parking in Melbourne, Australia, thanks to the all-new Porsche Park app. Advantages: Zero contact parking – just search, navigate, access, and pay.

FinTech: “Speculative, Casino-Like” (Buffett On Robinhood); “Insulting Old Guard” (Robinhood On Buffett)

May 3, 2021

At the Berkshire Hathaway (NYSE: BRK.A) annual meeting on Saturday Warren Buffett and Charlie Munger criticized commission-free brokerage Robinhood for fanning gambling behavior by people “who have money in their pockets for the first time.” Their charges drew an equally acidic response from Robinhood, which is likely to go public this year.

FinTech: Commercial Bank Of Dubai Launches Robot Advisory “CBD Investr App”

April 30, 2021

Commercial Bank of Dubai (CBD) has launched its robo-advisory investment solution titled the “CBD Investr App,” developed in collaboration with Belgium-based wealthtech company InvestSuite. The algorithm-powered app makes it easy for investors to access global stock portfolios.

Venture Capital: Paxos Receives $2.4B Valuation With $300M Series D Funding

April 30, 2021

Paxos, which operates a regulated blockchain infrastructure platform, announced Thursday its close of a $300 million Series D round of funding led by Oak HC/FT. Returning investors Declaration Partners, PayPal Ventures, Mithril Capital, Senator Investment Group, Liberty City Ventures, WestCap, and others also participated.

Venture Capital: Pactum, A Provider Of Negotiation-As-A-Service (NaaS), Raises $11M

April 28, 2021

Pactum, a startup with Estonian origins that is now headquartered in California, operates an AI platform designed to automate contract negotiations for big companies such as Walmart (NYSE: WMT). It announced Tuesday its raise of $11 million (approx €9.1 million) in its Series A round of funding.

FinTech: Greenlight Financial Raises $260M At $2.3B Valuation

April 27, 2021

Greenlight announced today its close of $260 million in Series D funding led by Andreessen Horowitz. Existing investors TTV Capital, Canapi Ventures, Wells Fargo Strategic Capital, BOND, Fin VC, Goodwater Capital, as well as new investors Wellington Management, Owl Ventures, and LionTree Partners also participated.

FinTech: Southwest Airlines Customers Can Use Uplift’s Solution To Travel Now, Pay Later

April 26, 2021

Uplift, which spreads the cost of your purchases over fixed monthly installments, a fintech service that is also known as Buy-Now-Pay-Later (BNPL), has tied up with Southwest Airlines (NYSE: LUV) to offer travelers this payment method. The option is now built into the Southwest Airlines booking system and a traveler availing of it will see both the total cost of the trip as well as the monthly payment amount at the time of booking.

FinTech: Toast Will Help Route Government Aid To Pandemic-Hit Restaurants

April 23, 2021

Toast, the provider of Point of Sale (POS) systems to restaurants, announced Thursday its partnership with the U.S. Small Business Administration (SBA) to help provide customers with access to funds made available through the $28.6 billion Restaurant Revitalization Fund (RRF).

FinTech: Revolut Prepping For India Launch; Hires Country Lead

April 22, 2021

Global fintech and challenger bank Revolut is planning to set up shop in India and has appointed Paroma Chatterjee, previously of Lendingkart,, Flipkart, and Airtel Money, as its CEO for the Indian venture. Chatterjee was named as one of the Top 25 Women Leaders in Financial Technology of Asia for 2020.

FinTech: Fresh From A £322M Funding Round, Starling May Target Another Lender

April 21, 2021

Boden said at the event that Starling now had the wherewithal to buy out another lender. Further, responding to the U.K. Government’s newly-announced fast-track “scale up” visas proposal, she said there was no need for these because home-grown talent was available in plenty within the U.K.

Alternative Investments: Disruptor-Focused, Hyper-Concentrated ETFs From Volt Equity

April 21, 2021

Volt Equity, the boutique investment firm based in Silicon Valley, has joined with Simplify Asset Management to launch a new class of ETFs that are highly concentrated in their exposure and come with an inbuilt options strategy. These ETFs allow investors to “bet big” on companies that are disruptors in their field, or are creating new industries, yet also offer a cushion against downsides. The target audience for these ETFs is Robinhood-era bull investors.

FinTech: Cryptocurrencies Now On Venmo

April 20, 2021

Social payments, or P2P, app Venmo has launched the facility to buy, sell or hold cryptocurrencies from within its app. Users can buy bitcoin, ethereum, litecoin, or bitcoin cash with as little as $1 and enjoy the thrills of owning cryptocurrencies.

FinTech: U.K. Challenger Bank Starling Gets £50M From Goldman Sachs

April 19, 2021

Starling, the U.K.-based digital bank, announced today its raise of £50 million ($69 million) from Goldman Sachs’ growth equity investment arm. The funding came as an extension of the £272 million Series D round announced in March 2021, taking its total fundraising to £322 million. The round had valued the bank at £1.1 billion.

FinTech: Even, The Earned Wage Access Platform, Has Paid Out $2.5B In On-Demand Pay

April 16, 2021

Even, the earned wage access platform announced that it had completed the distribution of $2.5 billion in on-demand pay, a facility it has provided since 2017. Earned wage access is a fintech service that allows users to receive on-demand a portion of their wages for hours they have already worked but not yet been paid for by their employer.

Venture Capital: Clearcover, The Digital Car Insurer, Scores $200M Funding

April 15, 2021

Clearcover, a startup selling car insurance digitally, has raised $ 200 million in a Series D funding round led by Eldridge, with participation from existing investors American Family Ventures, Cox Enterprises, OMERS Ventures, as well as other new investors.

Fintech: German Challenger Bank N26 Wants To Move Insurers’ Cheese

April 15, 2021

Berlin-based neobank N26 announced today its offering of smartphone insurance in collaboration with Simplesurance. Offered for the time being only in Germany, the product allows users to buy insurance, initiate claims and manage plans for their smartphones.

FinTech: Launches Payouts Product For Real-Time Direct Payments To Cards And Bank Accounts

April 14, 2021, the payment solutions provider announced the launch of its Payouts Product that enables merchants to make real-time payments to billions of cards and bank accounts globally – through just a single technical API integration with