Late payments can create dangerous ‘domino effect’ across entire supply chain
A recent survey conducted by PayTech firm GoCardless found 86% of respondents agreed that one late payment can impact everyone in the supply chain.
Confidence in banks and bank branches remains high in the UK
A recent bi-annual study by Toluna has found that a majority of UK consumers still have strong confidence in banks and see bank branches as playing an important role.
European expansion on the cards for Getsafe as it bags insurance license
German InsurTech Getsafe has received its insurance license, now turning its eye to an accelerated expansion across the continent.
GIMO secures funding to serve Vietnam’s blue-collar workers
Vietnamese FinTech startup GIMO, which offers on-demand pay for blue-collar workers, has raised $1.9m in a seed+ round led by Singapore’s Integra Partners. The round...
Rocket Companies to acquire Truebill for financial empowerment
Rocket Companies, a Detroit-based platform providing tech-driven real estate, mortgage and financial services businesses, has entered into an agreement to acquire personal finance app Truebill.
Saudi Arabian FinTech Lean Technologies raises $33m
Saudi Arabian FinTech company Lean Technologies has raised $33m in an investment that was led by Sequoia Capital.
Plug-and-play software dev Weavr scores Series A
Weavr, a plug-and-play financial solutions provider, has scored $40m for its Series A round, which was led by Tiger Global.
FIs lose up to 50% of revenue for poor cloud connectivity
Financial institutions have a “resilience paradox” that is costing them up to 50% of their revenue, according to a study from global infrastructure and connectivity provider BSO.
Frost gears up for growth with £1.1m funding
Frost, an e-money institution helping people take back control over their finances, has raised a total £1.1m in funding and named Andrew Jennings as CSO.
wamo and Modulr unite to strengthen SME banking services in EU and UK
wamo, a prominent digital business account provider for SMEs, has declared its new alliance with Modulr, a renowned Banking-as-a-Service (BaaS) provider.
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