The Stellar Development Foundation (SDF) and MoneyGram International Inc. (MG) have formed a partnership with Techstars, the global network that helps entrepreneurs succeed with investments of capital, and will launch a mentorship program aimed at Latin America’s financial system, the companies announced Friday (March 11). MG, the digital P2P...
In today’s FinTech news, Atlantic Money emerges from stealth mode with fixed-rate money transfers, while South African telecom MTN seeks investors for its FinTech unit. Plus, United Kingdom tech firms launch the charity Fintechs for Ukraine. Former Robinhood Employees Launch Fixed Fee Transfer Service Atlantic...
Irvine, California-based FinTech startup Acorns has raised $300 million from private investors, CNBC reported Wednesday (March 9). Acorns specializes in micro-investing and robo-investing. Following the transaction, the savings and investing app is valued at $1.9 billion, more than double its last valuation, according to Acorns...
In today’s FinTech news, minority-led startup Stax hits unicorn status, while PPRO aims for a bigger Asia Pacific (APAC) presence with the purchase of Alpha Fintech. Plus, hotel payment software startup Selfbook plans to use its $15 million Series A extension to team up with...
In today’s FinTech news, J.P. Morgan tells PYMNTS that there are many benefits buyers and sellers can realize when they collaborate, while Canadian FinTech lender Loanz plans to expand into the U.S. Meanwhile, automotive platform AutoFi is boosting its growth with the backing of $85...
Alviere, the embedded finance tech platform, has announced that AutoPayPlus will be the first automotive industry company to sign on to its suite of services, a press release said Tuesday (March 1). AutoPayPlus offers car buyers flexible payment options matched to their paychecks. AutoPayPlus will...
In today’s FinTech news, it’s all about growth as TabaPay lands SoftBank funding while eyeing different verticals, M-KOPA secures fresh capital for new market expansion and Shift4 buys two companies to pick up unexplored verticals. Meanwhile, Tranglo is now offering Ripple’s on-demand liquidity (ODL) service,...
In today’s FinTech news, streaming services are big in Latin America, but a myriad of payment options are needed for success, according to Paramount. Meanwhile, International Game Technology sold off its two payments subsidiaries, and Indian FinTech firm Perfios notched a Series C. Over in...
Perfios has raised over $70 million in a Series C round of funding from existing investors Warburg Pincus LLC and Bessemer Venture Partners, putting the Bengaluru, India-based FinTech startup in the unicorn club, Tech Story reported Sunday (Feb. 27). Perfios didn’t reveal its valuation, but...
