Marco, a fintech startup lending to exporters in Latin America, secured a $200 million line to expand its financing business.
Competitors have added users since the world’s largest stablecoin briefly broke from its $1 peg in mid-May.
Banking as a service is a concept that is still in its infancy. There are a few companies today offering...
Newt Corporation (“Newt” or the “Company”), an integrated platform for digital financial services, today announced that it has entered into...
Central Bank Digital Currency (CBDC) is a hot policy topic in the US as well as the rest of the world. Many developed countries are reviewing the potential as well as the potential pitfalls for a CBDC. China is already testing a digital yuan live
With Fund III, Cathay Innovation launches what will surely be one of the largest multi-stage VC funds to emerge from Europe.
Although valuations are low, the new report from QED and BCG gives fintech a light at the end of the tunnel.
The Hong Kong Monetary Authority has partnered with HSBC, Bank of China, Bank of East Asia, Hang Seng Bank, Standard Chartered and Deloitte to launch a trade finance blockchain platform; trade finance operations serviced on the platform will include lending, issuing letters of credit, factoring, export credit and insurance; overall the platform is expected to increase efficiency, transparency and security. Source
Robinhood has announced details of its latest funding round which raised $110 million for the firm giving it fintech unicorn status with a valuation of $1.3 billion; investors in the Series C funding round included DST Global, NEA, Index Ventures, Ribbit Capital, Thrive Capital and Greenoaks Capital; the firm also announced that it now has over two million users; the firm says: "Our two million users have transacted over $50 billion and saved nearly half a billion dollars in commission fees. Robinhood Gold, our margin and extended hours service, is also experiencing significant growth, with signups surging 17% month over month."; the firm plans to use funds from the Series C funding round for expansion of the platform's products and services. Source
Truist acquires fintech startup Long Game in effort to reach younger demographic...