18 FinTech funding rounds you missed last week
Despite coronavirus fears, the last week saw a number of FinTech companies raise money.
Increased smartphone adoption to drive the online payment market size to be worth $70.64bn...
The size of online payment market is set to rise as more customers get smartphones, according to new research from Valuates Reports.
Stripe leads Fast’s new $20m Series A investment round
Payments giant Stripe has led the $20m round raised by Fast, a startup building platform-agnostic login and checkout services.
Plastiq has raised a $75m Series D round
Credit card payment company Plastiq has attracted $75m in fresh capital to grow its team, develop more solutions and help small businesses to pay their suppliers, which may be getting trickier during the coronavirus crisis.
Nearly 80% of Payments & Remittances investment since 2015 has come from transactions over...
Total funding in the sector over the last five years surpassed $66bn as digital payment methods become more common.
Could the coronavirus be the push the UK needs to become cashless?
Britain has fallen behind other countries like Sweden when it comes to removing physical money from its economy. However, the COVID-19 outbreak might change that.
How the coronavirus will affect different segments of the FinTech industry
As COVID-19 rages on across the world, the affects on the FinTech segment of the economy is already letting itself be known.
Samsung Pay passed the two million transaction milestone in South Africa last month
Mobile payment provider Samsung Pay has celebrated passing a significant milestone in Africa.
FinTech unicorns and startups to face a coronavirus-created “vicious cycle” that could slash their...
The global COVID-19 outbreak could worsen business and funding conditions as well as changing private FinTechs’ exit options, according to a new report.
TransferWise teams up with Alipay to improve its money transfer services in China
London-based TransferWise is the latest FinTech company to team up with Alibaba-owned Alipay.
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InsurTech UK joins plea to protect British startups from being “wiped out” by the...
Several UK tech industry bodies are asking the government to do more to support the nation’s startups or risk having a generation of innovative ventures “wiped out.”
UK consumers put strong technology as main appeal for banks
UK consumers are placing strong technology as their biggest priority for banking, but digital banks need to be clear with their value offering to capitalise on this, according to Vilve Vene, CEO and co-founder of core banking platform Modularbank.
KPMG welcomes the FCA’s proposals to freeze payments to help people’s finances during the...
While KPMG understands the Financial Conduct Authority's (FCA) proposals to soften the financial blow of COVID-19, the professional services firm reminded the regulator that the crisis is not easy for banks either.
Insurers – the time to change is now! – ManageMy
With the world being forced to stay indoors and social distance, now is the time for insurers to focus on digitalising as we have “reached a tipping point”, according to digital experience platform ManageMy.
MAP FinTech launches AI-powered solution to boost anti-money laundering compliance
RegTech venture MAP FinTech has unveiled its latest solution to help financial services firms monitor and screen transactions in order to prevent money laundering.