Fintech

Totem Technologies, the US-based neobank founded in 2022 to democratise access to financial services for Native Americans, has “come to the end of its road”, says founder and CEO Amber Buker. In the post, Buker says she is “incredibly proud of the work we’ve done in just two short years to improve financial wellness and […]

The round, spearheaded by Teaches’ Venture Growth (TVG), the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan, saw participation from new investors, including the Vanderbilt University Endowment and the University of Illinois Foundation, alongside existing contributors. This latest cash injection values the firm at $3.25 billion, coming shortly after Bilt’s $200 million […]

Bain Capital Tech Opportunities (BCTO), the tech investment arm of Bain Capital, has completed the acquisitions of UK-based fintech Finova and Iress’ UK Mortgage Sales and Originations (MSO) business. Under BCTO’s ownership, the two entities will merge to become a single combined business and one of the “leading software vendors dedicated to the mortgage and […]

The Olympics are a time for pushing the boundaries of what’s possible. Beyond the awe-inspiring athleticism, the Olympics also serve as a proving ground for technological innovation, particularly in the realm of payment systems. And with the news that for the Paris 2024 games, Visa has provided the most technologically advanced payment systems available — including contactless-enabled […]

What’s going on here? GooglePay, AmazonPay, and other digital payment titans are gearing up to join India’s e-rupee pilot—potentially supercharging transaction volumes. What does this mean? The Reserve Bank of India (RBI) rolled out the e-rupee in December 2022 as a digital stand-in for physical cash. Initially, only banks could handle e-rupee transactions via mobile […]

The ECB is investigating the deployment of the digital euro’s offline functionality on an embedded Secure Element (eSE) and embedded SIM (eSIM) of end-user’s devices. To improve its understanding of market, technical, and business aspects of such a deployment, it is calling for input from Original Equipment Manufacturers of mobile devices, Mobile Network Operators and […]

What obstacles are financial institutions facing as they adopt instant payments? A new collaborative whitepaper from the US Faster Payments Council (FPC), a membership organisation devoted to advancing safe and easy-to-use payments in the US, and paytech Finzly, Inc. set to find out. The whitepaper, From Potential to Profit: Five Ways Financial Institutions Can Break […]

UK founders can often find themselves needing help in the early to mid part of their startup’s life. Looking to make this aid as accessible as possible, Sage, the accounting, financial, HR and payroll tech provider for small and mid-sized businesses (SMBs) has partnered with Virgin StartUp, the not-for-profit arm of Virgin, dedicated to helping UK founders start […]

Flutterwave has secured a payment service provider licence from the Bank of Ghana, marking an expansion of its operations in Africa. This licence lets the company offer a range of payment services directly within and through Ghana. Ghana’s tech-savvy youth population and high mobile internet penetration ideally position the country for digital growth. Projections indicate […]

It may appear to be a clever life hack: If you have a rewards credit card, use it to pay for your college tuition to earn valuable rewards. Depending on the type of school you attend, college tuition averages $11,260 to $41,540 per year, according to the College Board. By paying the bill with a rewards […]