Holvi cards suspended because of the Wirecard scandal

Holvi, the digital banking platform for freelancers, has become the latest FinTech firm to be swept up in the Wirecard scandal.

KBC is the lastest bank to accept payments through wearable technology

Belgian bank KBC is from now on enabling its customers to use wearable technology to conduct contactless payments.

TerraPay partners with Visa to develop payment solutions that drive financial inclusion

TerraPay, the payments infrastructure company, and Visa have formed a strategic partnership to develop and deliver payment solutions to drive financial inclusion.

Healthcare payments app Cedar nets $102m in its Series C round

Cedar, a FinTech helping to simplify the financial experience for patients, has netted $102m in its Series C round, which was led by Andreessen Horowitz.

Online payment technology developer SYNQA closes $80m Series C

Thailand-based SYNQA, which designs online payment and blockchain technology, has raised $80m in its Series C round.

Wirecard’s CEO leaves company after search for missing €1.9bn hits a dead end

The Wirecard scandal sweeping across the European FinTech space intensified over the weekend with CEO Markus Braun leaving the company as the board says the missing €1.9bn ($2.1bn) "do not exist."

Could Checkout.com just have become Europe’s most valuable FinTech startup after tripling its valuation...

London-headquartered Checkout.com has just raised a $150m Series B funding round that saw it triple its valuation to $5.5bn, making it one of Europe's...

FinTech giant Wirecard in deep trouble after $2.1bn goes missing

German Wirecard saw its shares plunge by as much as 60% after the payment company revealed that €1.9bn ($2.1bn) was missing just as it was about to file its financial statements for 2019.

Chipper Cash closes $13.8m Series A round led by Deciens Capital and Raptor Group

Mobile cross-border money transfer startup Chipper Cash plans to hire 30 more staff members after bagging $13.8m in fresh capital.

APEXX Global reportedly secures $8m in its Series A

Payments service provider APEXX Global has reportedly closed an $8m Series A round which brings the company’s total equity raised to $12m.

News Stories

Mobile wallet market expected to be worth $7.58trn by 2027

The mobile wallet market size was valued at $1.04trn in 2019 and is projected to reach $7.58trn by 2027, growing at a compound annual growth rate of of 28.2% from 2020 to 2027, according to new research.

For Good Causes expands its charitable efforts beyond the loyalty sector

UK FinTech company For Good Causes is expanding beyond the loyalty sector, having already enabled consumers to donate their loyalty points, cash back and air miles to over 20,000 charities.

German prosecutors have arrested the chief executive of Wirecard’s Dubai unit Cardsystems

The highly publicised collapse of Wirecard has taken another turn with German prosecutors having arrested the head of the company's Dubai-based subsidiary.

Why the founders behind Monument think there’s still room for another UK neobank

Challenger bank Monument has revealed that it is in the later stages of an application process to get a UK banking licence in order to launch a service for affluent clients.

Italian digital banking project raise €45m as the nation is still dealing with Covid-19

Italian banking executives have raised €45m ($50.9m) in a bid to launch a digital bank in a country still dealing with the coronavirus fallout.