Company News

Lender DMI Finance snaps up $47m in funding

Indian lending firm DMI Finance has reeled in $47m in equity investment from new investor Sumitomo Mitsui Trust Bank.

What were the biggest PayTech deals of 2021?

In an age where the traditional form of in-person payments is being restricted due to Covid-19 restrictions, the rise of PayTech seems almost inevitable. With more people than ever now using payment technologies, the demand for funding is also climbing.

FinTech Revolut launches as a bank in 10 European countries

Revolut has launched as a bank in 10 select Western European countries in order to offer customers in these regions deposit protection.

Top FinTech mergers & acquisitions in 2021

During a time of greater market consolidation, FinTech Global takes a look back at some of 2021’s most notable mergers and acquisitions (M&A).

Marshmallow unveils Marshmallow Assist for roadside cover

InsurTech firm Marshmallow has launched Marshmallow Assist, an AA-backed program to provide roadside cover for its customers.

USAA launches life insurance product for younger customers

USAA Life Insurance Company has launched a digital life insurance product that requires no medical exam to 47 states in the US.

Why PayPal may be next to enter the stablecoin market

PayPal has confirmed it is looking into developing PayPal Coin, a dollar-backed stablecoin as it looks to expand its footprint in the cryptocurrency space.

Dutch financing platform Levenue acquires compatriot Requr

Netherlands-based financing platform Levenue has purchased FinTech Requr for an undisclosed fee.

PassFort successfully concludes SOC 2 audit

RegTech firm PassFort has revealed it has successfully completed its System and Organisation Controls (SOC 2) Type 2 audit.

Tractable joins forces with Mapfre for auto claims

InsurTech company Tractable has partnered with multinational insurance group Mapfre to apply AI solutions to auto claims.

News Stories

New UK Bill eyes £1.6bn savings by toughening fraud controls

The UK government has announced the introduction of a new Bill aimed at aggressively curbing fraud within the social security system, expected to generate savings of £1.6bn over the next five years.

Scotiabank and Nova Credit enhance credit accessibility for Canada’s newcomers

Scotiabank is enhancing its support for newcomers to Canada through an expanded partnership with Nova Credit.

GCBC launches digital platform to empower EMDEs with climate finance

The Global Capacity Building Coalition, a pivotal player in climate finance, has introduced its latest innovation, the Digital Platform.

Rising relevance of ESG: 64% of asset owners shift focus to environmental impact

A significant shift in investment priorities has been noted among global asset owners, with environmental factors increasingly coming to the fore. According to ESG...

InDebted bags $60m to enhance debt collection with AI and machine learning

InDebted, an Australian-founded global FinTech, announced today the successful completion of a $60m Series C funding round.

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