Tag: financial services
Automating Invoice Reviews with AI: Klarity Secures $70M in Series B Funding
Klarity, a company specializing in AI-powered automation solutions, has recently secured $70 million in Series B funding to further develop its technology. This funding...
Circle Receives E-Money License in France, Ensuring Compliance with EU Crypto Laws
Circle, a prominent digital currency company, has recently obtained an e-money license in France, ensuring compliance with EU crypto laws. This development marks a...
Fintech Industry Leaders Headline Disrupt 2024 Conference
The recent bankruptcy of banking-as-a-service (BaaS) fintech Synapse is expected to have a lasting negative impact on the fintech industry, particularly consumer-facing services. This...
Stripe acquires Lemon Squeezy: A New Era in Payment Processing | Tech News
Payments company Stripe recently made a big move by acquiring Lemon Squeezy, a competitor that specializes in calculating and paying global sales tax for...
Global IT Outage Disrupts Banks, Airlines, and Businesses | TechCrunch
Businesses around the world are facing major IT outages, with many experiencing Windows "blue screen of death" errors on their computers. This widespread disruption...
Cash App by Block to Close UK Operations on September 15, Shifts Focus to...
Cash App, a mobile payment service by Block, has announced that it will be closing its operations in the UK on September 15. The...
The Collapse of Synapse: Impact on Fintech Users Explained
The collapse of BaaS fintech Synapse has sent shockwaves through the fintech industry, exposing the risks associated with relying on interconnected players in the...
Uzbekistan Mobile Bank TBC Raises $38.2M for Financial Product Expansion
Uzbekistan’s only mobile-exclusive bank, TBC Bank Uzbekistan, recently secured a significant $38.2 million in fresh equity investment to fuel its expansion plans and introduce...
Nala Secures $40M Funding to Expand B2B Payments Platform and Remittance Services
Nala, a remittance startup, recently secured an impressive $40 million in funding to expand its services and launch a new B2B payments platform. The...
Wealthtech Startups in India: Investors Flock to Tap into Growing Affluent Class
Investors are showing a keen interest in Indian wealthtech startups as the middle class grows and startups challenge traditional financial advisors for high-net-worth clients....
CoinDCX Expands Internationally with Acquisition of BitOasis
CoinDCX, India’s leading cryptocurrency exchange, has announced its international expansion through the acquisition of BitOasis, a digital asset platform based in the Middle East...
BlackRock to Acquire Preqin for £2.55B in Cash: Sources
BlackRock, a global investment management company, has announced plans to acquire Preqin, a data and research firm specializing in alternative assets, for a whopping...
SEC Sues Consensys for Unregistered Broker Activity with MetaMask – Allegations of Securities Violations
The Securities and Exchange Commission (SEC) has filed a lawsuit against ConsenSys for engaging in unregistered broker activities with MetaMask, citing allegations of securities...
Empower Non-Bank Businesses with $8M Investment in Embedded Finance Services
Banking-as-a-service (BaaS) platforms are revolutionizing the way non-bank businesses access digital financial services. These platforms introduce fintech capabilities to businesses, allowing them to offer...