Could Tally’s gold-based currency offer a more stable alternative to the pound after Brexit?
The London-based FinTech startup Tally has launched a new currency where each unit is worth one milligram of physical gold.
Payment processor SumUp raises €330m in funding
SumUp, a payment processing company, has secured a €330m investment to support its global expansion plans.
New IMF report lays down the risks of e-money becoming more popular than physical...
As e-money rises in popularity, a new International Monetary Fund (IMF) report has looked into the rise of cryptocurrencies, e-money and i-money like Facebook’s Libra and what the associated risks to the economy are.
Optal signs deal to boost Lloyds Bank’s payment solutions
Optal, a B2B transactions specialist, has signed a new deal with British Lloyds Bank.
Finix announces $17.5m Series A round led by Bain Capital Ventures
With its new capital injection, payment services startup Finix is set to challenge the likes of Stripe and Square.
Remitly latest funding round brings in $220m
Generation Investment Management has led a $135m Series E equity funding round for money transfer startup Remitly, as the business takes in a wider tranche of financing.
Bolt’s total funding hits $90m after $69m Series B round
San Francisco-based PayTech Bolt has secured $69m in its Series B funding round co-led by US-based venture firms Activant Capital and Tribe Capital. This latest round...
European Banking Authority releases report on FinTech’s impact on payment sector
The European Banking Authority (EBA) has released its thematic report on the impact of FinTech on payment institutions (PIs) and electronic money institutions (EMIs) business models.
Soldo closes its largest funding round to date on $61m
UK-based PayTech Soldo has raised $61m in its Series B investment round to close its biggest round since launch.
FCA to postpone implementation date of SCA
The UK’s Financial Conduct Authority (FCA) will give some firms additional time to meet Strong Customer Authentication compliance. Its decision comes in response to the...