#LendTech / Starling renews search for non-bank European lender

In an interview with Sifted this week, Boden said the UK challenger was actively searching “for lending businesses to buy”. This includes peer-to-peer (P2P) lenders, as well as small business lenders. Starling’s deposit base passed £3 billion back in July 2020, up from £600 million in July 2019… Last year, Starling deployed millions into consumerContinue reading “#LendTech / Starling renews search for non-bank European lender”

#CryptoCurrency / CoinSwitch Kuber’s $15m Series A marks Ribbit Capital’s first Indian crypto deal

Ribbit Capital, the Palo Alto-based backer of Revolut, Robinhood and Affirm, has led its first Indian cryptocurrency deal. The start-up began as CoinSwitch in 2017, a global aggregator of crypto exchanges. It removed the need for businesses to create an account on an exchange… The Kuber platform launch was designed to simplify crypto investments forContinue reading “#CryptoCurrency / CoinSwitch Kuber’s $15m Series A marks Ribbit Capital’s first Indian crypto deal”

#PFM / Dubai-based Bankiom promises “new way” to manage money

Bankiom offers a card “accepted worldwide”, the ability to send and receive money through chat apps like WhatsApp, and instant payments. According to the firm, customer accounts can activate in under three minutes, and loan applications approved in 60 seconds. The fintech says it is a “new way to manage your money” from a firmContinue reading “#PFM / Dubai-based Bankiom promises “new way” to manage money”

#BankTech / Irish banks plan payments rival to take on fintech entrants

A group of major Irish banks are banding together to create a payments app rivalling fintechs like Revolut. According to The Irish Times, the system allows bank customers to transfer their funds quickly and easily between accounts. The group of banks are open to others in the industry joining them in the new joint venture.Continue reading “#BankTech / Irish banks plan payments rival to take on fintech entrants”

#PayTech / Modern Treasury Raises $38M to Enable Faster, More Efficient B2B Payments

Annually more than $18.5 trillion of business-to-business payments are transacted in the U.S. via wires, checks, and ACH payments, with almost half of those still made via check. Payments take 1 to 3 days to clear and finance teams spend hours tracking them from initiation to approvals to accounting to reporting. Modern Treasury automates eachContinue reading “#PayTech / Modern Treasury Raises $38M to Enable Faster, More Efficient B2B Payments”

#BankTech / London-based Curve raises $95 million, plans U.S. expansion

Curve, which combines multiple cards and accounts into one smart card and app, will use the funds in part to deepen its reach in Europe and “drive product innovation.” The fundraise brings the startup’s total funding to nearly $175 million since its 2015 inception. Curve’s banking platform has a smart card that allows customers toContinue reading “#BankTech / London-based Curve raises $95 million, plans U.S. expansion”

#InsurTech / Update 2021: Five trends that will shape Insurance sector

1. Insurers without agile tech will not be winning any prizes in 2021 … Spending money on “point-in-time” systems which solely address today’s business problems, without consideration of what may come tomorrow, without warning, is the strategy of insurers who will not survive much beyond 2021. 2. Out with the old, in with the newContinue reading “#InsurTech / Update 2021: Five trends that will shape Insurance sector”

#PayTech / Checkout.com is Europe’s most valuable fintech again, following $450m fundraise

The fintech has tripled its valuation for the second time and is now valued at $15bn, nearly $5bn more than the next highest-valued fintech Klarna, making it the largest in Europe and the fourth largest fintech globally. [CEO and founder of Checkout.com]: “Payments affect everything from the customer journey to a business’s ability to enterContinue reading “#PayTech / Checkout.com is Europe’s most valuable fintech again, following $450m fundraise”

#CryptoCurrency / Retailers Flock To Crypto As Booking.com Becomes Latest Firm To Get Onboard

Travel industry giant Booking.com has partnered with Crypto.com highlighting the growing commitment major retailers are making to the digital economy. Bitcoin’s breathtaking rally beyond $35,000 kicks off 2021 on a high following above expectation institutional interest with banks and hedge funds now aggressively seeking to expand their bitcoin holdings. Kris Marszalek, CEO of Crypto.com said,Continue reading “#CryptoCurrency / Retailers Flock To Crypto As Booking.com Becomes Latest Firm To Get Onboard”

#PayTech / Data Snacks: Square’s Cash App user, card spending growth

Square’s Cash App is a core part of the payment company’s growth plans. Core to Cash App is peer to peer payment functionality, similar to Venmo and Zelle. Cash App has emerged to become a major player in bitcoin trading, driving billions of dollars to Square’s top line. 10% of the U.S. population, or 30,000,000,Continue reading “#PayTech / Data Snacks: Square’s Cash App user, card spending growth”