News
Aug 19, 2019
Revolut has also announced a partnership with small business cloud accounting company Xero, enabling joint customers to integrate expense data between the two platforms for seamless reconciliation in the UK. News via Pymnts .
Aug 19, 2019
An increasing number of fintech startups are looking to fund small businesses in South Africa using online platforms and apps to service the massive demand for such finance. Know five of them in this article. News via Venture Burn .
Aug 16, 2019
As PayPal reaches saturation points in Western markets, it wants to continue to expand internationally, especially in India, where the country’s 450 million mobile users make it an attractive target for retailers. The Financial Times is reporting that PayPal launched a domestic business in India in 2017, which allows for local and global payments...
Aug 16, 2019
Ridesharing giant DiDi Chuxing will expand its presence in the Chinese financial and fintech sectors with the launch of its own private bank in the northern Chinese city of Tianjin, according to a report from Xinliu Caijing . First launched in 2012 in Beijing, DiDi has emerged as China’s leading ridesharing service following a merger with Kuaidi...
Aug 16, 2019
Anglo-Gulf Trade Bank is a collaborative venture between AGTB Holdings Limited, a Rowland family-controlled company, and Mubadala Investment Company. It’s headquartered in Abu Dhabi in the United Arab Emirates and facilitates trade between the Middle East, Asia, and the UK. AGTB partnered with Publicis Sapient and Microsoft to design a digital...
Aug 15, 2019
Four fintechs have been awarded £40m between them to address the £10bn funding gap caused by the lack of small business finance in the UK. The £40m is part of a £775m programme funded by Royal Bank of Scotland as a condition of its bailout during the financial crisis.A total of £425m will be given in cash grants to rival business banks and...
Aug 13, 2019
Fintech firms in Latin America are having a moment with the equity investing titans of the world, and debt investors are taking note. Venture capital heavyweights including Softbank, Andreessen Horowitz and Sequoia Capital have boosted their equity investments in the region over the past six to 12 months, according to multiple industry sources...
Aug 12, 2019
The mobile banking units of e-commerce giant Alibaba and internet conglomerate Tencent Holdings are changing the landscape of financial services in China, lending to more than 100 million people so far, including those in rural areas and microbusiness owners. Farmers and microbusinesses -- which employ no more than nine people -- that previously...
Aug 09, 2019
The «eXellerator» innovation lab in China alongside others in Singapore, Hong Kong, London, Kenya, and San Francisco are part of the bank’s SC Ventures unit, a research and development arm focused on innovation and fintech. «With the launch of the eXellerator, Standard Chartered aims to deepen its contribution and participation in China’s vibrant...
Aug 09, 2019
FinTech investments targeting B2B and corporate services, with particular concentration in SMB lending across India and Europe, totaled about $396 million in VC funding. News via Pymnts.