Archive
Cloud and Digital Wallets to Drive Payments in Latin America, Despite Pandemic
64% of financial institutions in Latin America will be increasing investment in retail payments over the next two years, according to a survey conducted by OpenWay, a global vendor of digital payment software, and technology analyst house Omdia. Banks and
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An Overview of South America’s Booming Neobanking Sector
South America has seen an exceptionally dynamic evolution of its neobanking landscape, with now more than 30 live neobanks and digital banks that serve over 50 million customers out of the region’s 430 million+ population (+11%), data from Dutch fintech
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Curve Secured $95 Million Ahead of US Expansion Plans
Curve, a London-based banking platform which allows customers to consolidate multiple cards into one smart card and app, announced it has secured $95 million as part of a successful Series C funding round. This fresh funding brings the total investment
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COVID-19 Brings Fintech into the Mainstream: McKinsey Research
The COVID-19 pandemic has shifted US consumers’ attitudes towards banking and financial services, accelerating the adoption of digital financial services and bringing fintech into the mainstream, surveys McKinsey conducted found. In an article titled How US customers’ attitudes to fintech
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Checkout.com Triples Valuation to $15 Billion With $450 Million Funding
Checkout.com, a London-based payments solutions provider, announced that it closed a $450 million Series C fundraising round giving it a post-money valuation of $15 billion. The Series C was led by Tiger Global Management, LLC, a New York-based technology investor.
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What 2021 Holds for Fintechs and Challenger Banks in Mexico
In 2021 we will harvest the seeds of the accelerated adoption and development in technology that 2020 forced upon us. The fintech industry took a leap forward with the user base growing significantly. This will lead to more demands for
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Visa Calls off Plans of $5.3 Billion Plaid Acquisition
Visa and U.S. fintech firm Plaid announced that they have terminated their $5.3 billion merger agreement and agreed with the Department of Justice (DOJ) to dismiss the litigation related to the proposed transaction. The proposed transaction was first announced in
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Walmart to Create Fintech Startup for Digital Finance Push
American multinational retail corporation Walmart has created a new fintech startup designed to develop and offer modern, innovative and affordable financial solutions. The new startup is a strategic partnership with fintech investment firm Ribbit Capital. The venture will bring together
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Top 20 Neobanks of 2020
Fintech intelligence startup WhiteSight has released its selection of 2020’s top 20 neobanks based on growth and valuation. The list features 20 independent digital banking companies from Europe as well as North and South America which made notable strides last
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