In today’s FinTech news, Kedivo parent FinAccel picked up a 75% stake in Bank Bisnis, while Klarna finalized its deal for PriceRunner. Plus, Telepin and DigiWallet are working together to bring mobile financial services to Belize.
FinAccel Acquires $200M Majority Stake in Bank Bisnis
FinAccel, the parent company of Kedivo, is buying a 75% stake in the Indonesian financial institution Bank Bisnis International for $200 million. The move gives the FinTech startup a bigger push into online banking, digital credit, buy now, pay later (BNPL) and expanded lending.
Klarna Closes Deal on PriceRunner Acquisition
BNPL firm Klarna has finalized its acquisition of the comparison-shopping service PriceRunner.
The two companies combined will deliver new features to the Klarna app, including product discovery, price comparisons and reviews. PriceRunner will also benefit from Klarna’s 400,000 global retail partners.
DigiWallet Teams With Telepin to Advance Mobile Financial Services
Mobile payment solution DigiWallet is teaming up with mobile banking software firm Telepin to further mobile financial services in Belize.
DigiWallet chose Telepin because of its scalable, cloud-native software. With Telepin’s software powering the rollout, DigiWallet will expand mobile banking efforts throughout Belize.
UPS Partners Africa’s Jumia on eCommerce Distribution Network
United Parcel Service (UPS) is taking advantage of its Africa-focused online marketplace Jumia Technologies distribution network to grow its footprint across the continent.
The partnership ignites the delivery giant’s presence in Africa starting initially with Kenya, Morocco and Nigeria. Renzo Bravo, UPS’ head of strategy for the Indian subcontinent, Middle East and Africa, said that eCommerce is anticipated to maintain its upward trajectory in Africa.
Sustainable FinTech CarbonPay Debuts Business Payment Card
CarbonPay, a FinTech focused on sustainability, is introducing a prepaid corporate card to assist companies in offsetting their carbon footprints.
For every £1 or $1.50 in spending, businesses can offset a kilogram of CO2. The card aligns with the company’s mission to “turn every transaction into a meaningful change.”
Codebase Technologies Debuts Branded BNPL Solution
Codebase Technologies is introducing a BNPL product to help payment services and other firms add the alternative payment type to their offerings.
The company is looking to fill the gap that leaves legacy institutions on the sidelines when it comes to adopting new technologies. The new tech is anticipated to give banks, FinTechs, lenders, retailers, and others the ability to launch their own installment products.
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