In today’s FinTech news, trading remains volatile for FinTech IPOs, while credit unions continue their move toward more digital tools. Latino-focused neobank Pana joined the Visa FinTech Fast Track program, and Sweater closed $12 million in funding to grow its startup that aims to give...
ValueAct, an activist investor, has gotten a seat on Fiserv’s board because of a settlement with the FinTech and payments firm, Bloomberg reported Wednesday (Feb. 23). Fiserv said in a statement that it had appointed Dylan Haggart, a ValueAct partner, to its board. He will...
Car Capital, the automotive FinTech car company, has closed a $150 million three-year secured credit facility, a press release says. That will also come with debt needed to help grow the business, which will fund more dealers and bolster the number of underserved customers wanting...
Once among the hottest stars on Wall Street, FinTech startups lit up the New York Stock Exchange and NASDAQ, dazzling investors as the pandemic turbo-charged digital adoption of just about everything. But now many of those big names — think PayPal, Block (formerly Square) and...
Investor interest in FinTechs in Southeast Asia (SEA) has brought in a record amount of funding, prompted by the pivot to digital-first shopping, payments and money transfers, Financial Times reported on Wednesday (Nov. 24). Some $3 billion from investors backed 80 FinTech deals inked this...
The conventional wisdom in payments holds that over the past few years, everything has changed. Ben Cukier, founding partner of Centana Growth Partners, an equity fund focused on FinTech and financial services, said that depending on where you look within the industry, the conventional wisdom...
For small and medium-sized businesses in emerging markets that can’t afford card point-of-sale (POS) hardware, U.K.-based FinTech Nomod couldn’t have come at a better time. The platform makes it easy for merchants to accept card payments on their phones with no extra hardware. Since its...
The FinTech space in Singapore is anticipated to attract an estimated $3 billion by the end of 2021, Sopnendu Mohanty, the Monetary Authority of Singapore’s (MAS) chief FinTech officer, told Bloomberg on Monday (Nov. 8). The amount raised is expected to be triple that of...
Blockchain sector investor Digital Currency Group, the parent company of Grayscale Investments, LLC, is valued at more than $10 billion following a recent funding round, according to a Monday (Nov. 1) CNBC report. In announcing a secondary funding round, the 6-year-old company is allowing current...
