Remittances

uk-fintech-giant-revolut-records-first-full-year-of-profitability

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.
fintech insurtech wealthtech regtech ai cybertech esg news

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 for $18.5bn

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

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.
Sift, the leader in Digital Trust & Safety, today announced several new reseller and integration partnerships. With its recently expanded Partner Program, Sift has forged relationships with journey orchestration company Spec, payments orchestration platforms MoneyHash, BR-DGE, and DEUNA; with identity verification & biometric authentication platform Incode; with fraud prevention solutions provider Scudetto; and with IT services firm Acensi Cyber. The new partnerships allow customers to leverage Sift’s industry-leading machine learning technology and global data network as part of a full-stack digital risk solution, whether customers choose to use Sift via resellers or through technology integration partners. “As fraudsters become more sophisticated, businesses need more advanced protection from fraud and abuse across every digital interaction—from user onboarding to login to payment,” said Dave Scholtz, SVP of Global Partnerships at Sift. “By partnering with leading payment orchestration and journey orchestration platforms, our customers can implement Sift’s platform as part of a comprehensive approach to digital risk management.” “Sift shares our commitment to stopping fraud without compromising the user experience. Their ability to ingest and interpret comprehensive fraud signals complements the actionable customer journey analytics Spec provides,” said Patrick Chen, co-founder and COO at Spec. “Together, we can help businesses accelerate the deployment of their ideal fraud stack—ultimately driving higher revenue and healthier customer relationships.” More information on Sift’s Partner Program can be found at: sift.com/partners. About Sift Sift is the leader in Digital Trust & Safety, empowering digital disruptors to Fortune 500 companies to unlock new revenue without risk. Sift dynamically prevents fraud and abuse through industry-leading technology and expertise, an unrivaled global data network of one trillion (1T) events per year, and a commitment to long-term customer partnerships. Global brands such as DoorDash, Twitter/X, and Poshmark rely on Sift to gain a competitive advantage in their markets. Visit us at sift.com, and follow us on LinkedIn.

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.
fintech-news

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.

News Stories

AkkenCloud and Immediate team up to revolutionise pay cycles in staffing industry

AkkenCloud and Immediate team up to revolutionise pay cycles in staffing industry

AkkenCloud, a leading innovator in the Staffing Industry known for its advanced automation and AI-driven solutions, has announced a groundbreaking partnership with Immediate, a forward-thinking provider of pay access solutions.
Marqeta powers Rain's new debit card for seamless wage access

Marqeta powers Rain’s new debit card for seamless wage access

Marqeta, a global modern card issuing platform, has partnered with Rain, a financial wellness benefits provider that assists companies in giving employees greater control over their finances.
Tiller Technologies and HSBC Expat join forces to launch digital ID verification

Tiller Technologies and HSBC Expat join forces to launch digital ID verification

Tiller Technologies, a leading RegTech company, has teamed up with HSBC Expat, a branch of HSBC Bank specialised in services for expatriates, excels in offering tailored banking solutions across the globe.
FinTech funding activity flourished this week as deals were completed on all corners of the globe, with a total of $694.5m raised over 19 tranches.

FinTech funding flourishes amid diverse week for deal activity

FinTech funding activity flourished this week as deals were completed on all corners of the globe, with a total of $694.5m raised over 19 tranches.
Klarna and Milkywire team up to expand Nature Transformation Fund for global biodiversity

Klarna and Milkywire team up to expand Nature Transformation Fund for global biodiversity

Klarna, an AI-powered global payments network and shopping assistant, and Milkywire, an environmental impact platform, have launched the Nature Transformation Fund.

Download the free AIFinTech100 report

FREE

Download the AIFinTech100 report for 2023 with details on each solution

120,000+ FinTech leaders get exclusive industry stories delivered every week