Remittances

FinTech firm Cornerstone makes debut on AIM on the back of £2.7m round

Cornerstone FS PLC joined the AIM, London’s junior stock market hot off the heels of its £2.7m round.

WorldRemit launches money transfers from within Africa

WorldRemit, a digital money transfer platform, has launched its transfer services from within Africa to simplify the sending and receiving of money across the continent.
NMI, a global leader in embedded payments, has introduced the ID TECH VP3350 mobile card reader, expanding the range of devices supported on its gateway.

NMI unveils new mobile card reader to enable seamless payments for partners

NMI, a global leader in embedded payments, has introduced the ID TECH VP3350 mobile card reader, expanding the range of devices supported on its gateway.
India-neobank-Vance-seed-round-hummingbird-ventures-global-financial-services-payments

Hummingbird Ventures backs neobank Vance in seed round

India-based global neo-banking platform Vance has raised $5.8m in a seed round led by Hummingbird Ventures.

Thunes purchases Limonetik to speed-up global payment collection roll-out

Singaporean cross-border payments firm Thunes has acquired European payment methods platform Limonetik for an undisclosed fee.
Techbank Varo Bank teams up with Zelle for payments

Techbank Varo Bank teams up with Zelle for payments

Varo Bank, an all-digital, nationally chartered U.S. consumer techbank, has teamed up with Zelle, a developer of payment and risk management solutions.

UK FinTech giant Revolut to launch in 5 more countries

UK FinTech giant Revolut has geared up for a launch in five new countries, which will go live over the coming couple of months.

Flywire rakes in funding and acquires healthcare business

Cross-border payments company Flywire has bagged $120m in its Series E as it looks to move into more verticals including education, healthcare and travel.

SmartBox Group receives €167m in senior debt

Gift card provider Smartbox Group has received €167m in senior debt financing led by AIB.
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Ant Financial buys US remittance firm MoneyGram for $880m

Chinese FinTech giant Ant Financial is acquiring US money transfer service MoneyGram in an $880m deal. Ant Financials’ core product is payments service Alipay.

News Stories

KYC

The ultimate KYC checklist: Ensuring compliance in FinTech

In today's increasingly complex financial landscape, the importance of Know Your Customer (KYC) compliance cannot be overstated.
Monzo

Monzo secures $190m investment and hits $610m funding milestone

UK-based digital bank Monzo has successfully secured an additional $190m in funding, bringing its total funding to an impressive $610m.

AI-powered Panax raises $15m to reshape cash flow management

Panax, an innovative FinTech, has successfully raised $15 million in its latest funding round. The investment was led by Team8 and TLV Partners.
Innovate

AI investment solutions innovator Stratiphy secures £1m grant

Stratiphy, a technology firm specializing in investment strategy building, has secured a grant of £1 million from Innovate UK for its consortium.
Unum Group, a prominent provider of financial protection benefits, has launched Unum Pet Insurance to round out its financial benefits coverage for employees and their families.

Unum Group unveils new pet insurance offering

Unum Group, a prominent provider of financial protection benefits, has launched Unum Pet Insurance to respond to a growing demand for comprehensive coverage extending beyond traditional employee benefits.

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