FinTech News

Simplicity is the ultimate sophistication, Leonardo da Vinci once said. However, simplicity can be a double-edged sword when digitising wealth management and the key is finding the right balance.

Shanghai-based FinTech Sunrate has raised an undisclosed amount from a Series C funding round led by SoftBank Ventures Asia.

Societe Generale's car leasing division ALD has signed a memorandum of understanding (MoU) which would see the company acquire 100% of its competitor LeasePlan for $5.5bn in cash and shares.

B2B payments FinTech Rupifi has raised $25m in a recent funding round co-led by Tiger Global and Bessemer Venture Partners, a report by TechCrunch has revealed.

The value of transactions made over prepaid cards will exceed $4.1trn globally in 2026, up from $2.3trn in 2021, according to a study from Juniper Research.

Annual General Data Protection Regulation (GDPR) fines exceeded €1bn for the first time since the regulation was implemented in 2018, Atlas VPN claims.

A report by Chainalysis has found illicit addresses received $14bn in deposits during 2021, which was almost twice the amount they collected in 2020.

Online payment solution PayPugs has teamed up with Verifo is expand its banking and payment possibilities.

A new blogpost by Currencycloud has underlined how the coronavirus pandemic and the restrictions put in place due to it has led to the massive growth of digital remittances.

Sygnum, a digital asset technology group with a Swiss banking license and a Singapore asset management licence, has raised $90m in an oversubscribed Series B funding round.