Tag: Banking

The embedded finance market is currently going from strength to strength. Thanks to companies like PayPal and Klarna, many non-financial institutions are integrating financial services into their platforms. As the sector continues to expand, how can traditional banks compete?

Global banking and investing app Winvesta has reportedly closed its seed round as it looks to boost its hiring efforts and product development.

UK challenger bank Atom Bank reportedly experienced an operating loss of ?36m in the financial year ending March 2021, down from ?46m in the previous year.

HSBC Qatar has unveiled a new mobile payments and collections service for its customers as it continues its investment into digitising banking services.

Singapore-based Honest Bank has reportedly hit a $113m valuation, following the close of a $19.7m Series A.

Mobile banking giant Chime has reportedly hit a $25bn valuation following the close of a $750m round, which could be the precursor to an IPO later this year.

As part of Facebook’s rebrand to Meta, it has also changed the name of its FinTech services from Facebook Financial to Novi.

Cross-border payments firm Currencycloud has partnered with global broker FxPro to offer a new e-money service called BnkPro.

Digital banking technology developer Nymbus has raised a further $3m in funding, coming just months after it closed a $53m investment.

Vietnam-based VNLIFE Corporation Joint Stock Company, which is building a digital banking ecosystem, has scored $250m in its Series B round.