Latest News Hot off the Press

February 27, 2020

Image courtesy of Economic Development Board of Bahrain

Bahrain’s government has made vital steps to encourage entrepreneurship to stimulate its economy. In doing so, it has created a startup-friendly environment, with easy access to funding, long-term visas and a regulatory environment that is responsive to startup needs.

One area where it seems to be excelling is in financial technology (fintech) w...

February 17, 2020

Contxto – Fintech Weel raised an investment and let the world know last Thursday. The startup from Brazil announced it’s closed a round for R$80 million (about US$18.5 million) through BVx, the innovation arm of Brazilian bank, BV. Plus, this banking institution will also finance Weel for up to R$800 million (US$185 million).

It’s not the first time BV invests in the startup. In...

February 17, 2020

By: Daniel Webber 

  • Prestigious list from Forbes places Ripple high in terms of valuations

  • In 2019 the firm sold $500 million of XRP, using proceeds to expand and invest $50 million in MoneyGram, which now uses XRP in 10% of its cross-border transactions to Mexico”, said Forbes

  • And the list also explored other issues and firms, such as rising valuations and digital banking

US cross bo...

February 10, 2020

Nigerian fintech startup Aella has raised a $10m debt financing round from Singapore-based HQ Financial Group (HQF). This debt financing round is Aella’s second raise and will bolster the company’s commitment to serve the underbanked population in West Africa and other emerging markets.

Aella was founded in late 2015 by Akin Jones, CEO and Akanbi Wale, CTO in Lagos, Nigeria and has remained committe...

February 10, 2020

San Francisco-headquartered HouseCanary, a Fintech firm focused on providing a real estate analytics solution, has secured $65 million through a growth funding round led by Morpheus Ventures, Alpha Edison, and PSP Growth. Following HouseCanary’s latest investment round, the firm’s total funding (to date) stands at $130 million.

Jeremy Sicklick, co-founder and CEO at HouseCanary, said that the firm’s...

February 5, 2020

Mode, a financial services firm backed by Twitter co-founder Biz Stone, has rolled out its Bitcoin (BTC) banking app on iOS devices.

The British company made its app available globally, with the exception of the United States, fintech-focused media outlet Finextra reported on Feb. 4. Customers can start using the app with as much as £50 ($65) and buy Bitcoin with bank cards or through a bank transfe...

February 5, 2020

Everyone wants to lend to small businesses, as the rise of financial technology continues to bring constituent actors closer in terms of characteristics. Thinking in general terms, the growing focus on small business loans among fintech B2B and finservices companies feels directionally similar to the increase in consumer-oriented fintech startups that added banking features last year.

This week, sev...

February 4, 2020

Azimo, the U.K. money transfer start-up taking on the likes of Western Union and MoneyGram, has raised 20 million euros ($23 million) in debt financing from the European Union.

The loan from the European Investment Bank (EIB), which is the lending arm of the EU, will help the financial technology firm build out its payments platform and expand its presence in Poland.

Azimo co-founder and Ch...

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