#FinancialInclusion / Monet Money to target UK’s creatives with cash flow app

The start-up promises to process invoices submitted via the app by freelancers and small businesses within 24 hours… [Monet Money:] “We’ll do the hard work in waiting for brands to pay” … a free invoice creation tool is also integrated in the app. Despite promising a 24-hour turnaround, businesses still only have to pay invoicesContinue reading “#FinancialInclusion / Monet Money to target UK’s creatives with cash flow app”

#CryptoCurrency / PayPal’s New Service Is A $50 Billion Stimulus Check For Bitcoin

PayPal announced that it has been granted a conditional Bitlicense by the New York State Department of Financial Services… The license will enable PayPal to launch a new service that will enable its customers to: Buy, hold, and sell cryptocurrency (initially Bitcoin, Ethereum, Bitcoin Cash, and Litecoin) directly within the PayPal digital wallet. Use theContinue reading “#CryptoCurrency / PayPal’s New Service Is A $50 Billion Stimulus Check For Bitcoin”

#PayTech / PaymentCloud Goes Contactless with Paysley Acquisition

… U.S. payment processor PaymentCloud announced this week that it has acquired contactless payments provider Paysley. Paysley’s technology enables customers to use their smartphone as the point of sale device – without having to set up an account with the merchant in advance. Paysley leverages QR code technology – an approach common to payments inContinue reading “#PayTech / PaymentCloud Goes Contactless with Paysley Acquisition”

#BigTech / Facebook’s WhatsApp Enables In-Chat Purchases

Facebook-owned WhatsApp is introducing new services that will enable business users to sell directly on the platform within chats… WhatsApp will also offer hosting services and other tools to make it easy for businesses to sell and users to shop. [WhatsApp:] “More than 175 million people every day message a WhatsApp business account. Our researchContinue reading “#BigTech / Facebook’s WhatsApp Enables In-Chat Purchases”

#SustainableFinance / Online Lender OppLoans Teams Up with Experian, Steady, & BillShark For Social Impact Efforts

OppLoans revealed that as part of its newly created social impact strategy, it focuses its efforts on mission-aligned partnerships that can directly help consumers mitigate additional financial difficulties and provide financial wellness education. OppLoans also partners with SpringFour, a fintech that connects customers to trusted financial resources to build financial wellness. While sharing more detailsContinue reading “#SustainableFinance / Online Lender OppLoans Teams Up with Experian, Steady, & BillShark For Social Impact Efforts”

#CryptoCurrency / PayPal in Talks to Buy Crypto Firms Including BitGo

Goldman-backed startup helps investors store Bitcoin securely… PayPal has been holding talks with BitGo, a company that helps investors store Bitcoin securely, and could reach a deal within weeks, the people said, asking not to be identified because the matter is private… Palo Alto, California-based BitGo was founded in 2013… It offers digital wallets thatContinue reading “#CryptoCurrency / PayPal in Talks to Buy Crypto Firms Including BitGo”

#DigitalBanking / Line launches messenger-based banking platform in Thailand

Line Corporation, the Tokyo-based messenger service, has integrated banking into its app… Called “Line BK”, the service allows users to transfer money, make deposits, apply for loans, and make payments within the messenger app. Users can open as many as five savings accounts with interest rates of up to 1.5% a year on six-to-12-month terms.Continue reading “#DigitalBanking / Line launches messenger-based banking platform in Thailand”

#FinancialInclusion / First Women’s Bank picks Fiserv to underpin 2021 launch

First Women’s Bank focuses on the women’s economy through small business lending. The bank plans to utilise core banking and front office digital engagement software from Fiserv. [CEO:] “We’ll be more than a bank. We are building a first-of-its-kind platform to connect small businesses with innovative capital solutions, provide opportunities to promote gender equality, andContinue reading “#FinancialInclusion / First Women’s Bank picks Fiserv to underpin 2021 launch”

#FinancialInclusion / Mexico’s credit alternative challenger Klar lands $15m Series A

[Co-founder and chief financial officer:] “We help people build credit by looking at how and where they spend their money, instead of being stuck with traditional credit scores that are backward looking and obsolete.” The lack of credit histories – and hence the limited access to credit – in Mexico comes down to financial inclusion…Continue reading “#FinancialInclusion / Mexico’s credit alternative challenger Klar lands $15m Series A”

#PayTech / Adyen alumni raise €2.6M seed to launch Silverflow, a ‘cloud-native’ card payments processor

The pre-launch company has spent the last two years building what it describes as a “cloud-native” online card processor that directly connects to card networks. The aim is to offer a modern replacement for the 20 to 40-year-old payments card processing tech that is mostly in use today. [Co-funder:] “The payments tech stack needs anContinue reading “#PayTech / Adyen alumni raise €2.6M seed to launch Silverflow, a ‘cloud-native’ card payments processor”