UK FinTech giant Revolut records first full year of profitability
UK FinTech giant Revolut has recorded its first full year of profitability, after it generated £100.3m adjusted EBITDA and £26.3m in profit for 2021.
Kyriba forms strategic partnership with WorldFirst
Kyriba, a treasury and financial management provider, has formed a strategic partnership with foreign exchange WorldFirst.
Globe Fintech Innovations secures funding to support financial inclusion in the Philippines
Globe Fintech Innovations, which operates the mobile wallet GCash, has received an investment to support the growth of financial inclusion.
Sokin links with Visa to offer digital accounts across Asia Pacific
Payments provider Sokin has teamed with Visa to roll-out its global currency account and debit cards across Asia Pacific.
Curve launches free money transfer service
Payments company Curve has released a new service which enables a user to send and receive money from any account to any account without any charges or conversion fees.
FinTech giant FIS sells Worldpay to GTCR at $18.5bn valuation
FIS, a global leader in financial services technology, has made a strategic move to sell a majority stake in its Worldpay Merchant Solutions business to private equity funds managed by GTCR.
E9pay, Currencycloud team up to revolutionise global fund transfers for South Korean merchants
South Korean money transfer operator (MTO), E9pay, has forged a strategic partnership with Currencycloud, a company specialised in simplifying business in a multi-currency world.
Rapyd snares $300m Series E to accelerate growth and acquisitions
US payments network Rapyd has secured $300m from a Series E funding round led by Target Global.
Mastercard and Remitly collaborate to enhance cross-border payment options
Mastercard, a global pioneer in payment solutions, and Remitly Global, Inc. (NASDAQ: RELY), known as "Remitly", a top-tier digital financial services platform catering to immigrants and their kin, have unveiled a new partnership. Their united goal is to broaden the horizons of cross-border payments and remittances.
4xLabs picks up $1.5m for currency trading tech
Currency exchange software startup 4xLabs has raised $1.5m in a pre-Series A round led by Dymon Asia Ventures.