News

US Crypto Custody Firm Fireblocks Sets up Swiss Office for DACH Expansion Plans

Fireblocks, a US-based platform that allows financial institutions to store, move and issue cryptocurrencies, announced that it will be opening of a new office headquartered in Switzerland. The firm said that it will be dedicating significant resources toward expanding its

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Chile’s Modyo Partners Mambu to Create Cloud-Based Digital Banking Experience

Chilean fintech Modyo announced that it has signed a partnership agreement with SaaS cloud banking platform Mambu. With this partnership, Modyo will connect its core DXP to Mambu’s composable banking cloud platform. Modyo has spent the past years building a

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MoneyLion to Offer Crypto Investment Ahead of SPAC Merger

US-based neobank MoneyLion announced the launch of its new cryptocurrency capabilities, enabling customers to buy and sell digital currencies within its app. MoneyLion said that eligible customers will initially be able to buy and sell Bitcoin and Ethereum, as well

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Global Payments Signs Deal to Acquire MineralTree for US$500 Million

Global Payments, a worldwide provider of payment technology and software solutions, announced an agreement to purchase MineralTree, a provider of accounts payable automation and business-to-business (B2B) payments solutions, for US$500 million in cash. The company will make the acquisition from

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Fintech Sector Starts Taking Shape in Panama

Although Panama is lagging behind nations such as Brazil, Mexico and Colombia, in the development of fintech, the lack of access to financial services and high financial exclusion levels provide opportunities for the space to grow. A study released in

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Neobank Varo Raises US$510 Million, Now Valued at US$2.5 Billion

US-based Neobank Varo Bank announced that it closed a US$510 million oversubscribed Series E funding round, valuing it at US$2.5 billion. The round was led by new investor Lone Pine Capital, who was joined by dozens of additional new investors

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Mastercard Bets on Crypto, Buys CipherTrace for Undisclosed Sum

Mastercard has signed a deal to acquire CipherTrace, a US-based cryptocurrency intelligence company, for an undisclosed sum to extend its capabilities deep into the field of digital assets. The deal is anticipated to close before the end of the year.

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How Jacksonville, FL, Prevails as an Emerging Fintech Powerhouse

Many cities on the West Coast of the United States burgeoned into innovation centers during the dot-com bubble. Tech hubs like California’s Silicon Valley and Washington’s Greater Seattle region are home to some of the biggest tech companies in the

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Mastercard Inks Deal to Acquire Danish Open Banking Firm Aiia

Mastercard is set to acquire Aiia, a Danish open banking technology provider, for an undisclosed sum and the transaction is anticipated to close by year’s end. Aiia is a licensed Payment Initiation Service Provider (PISP) and Account Information Service Provider

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Databricks Secures US$1.6 Billion in Series H Fundraise at US$38 Billion Valuation

Databricks, a US-based enterprise software company, announced that it has raised US$1.6 billion during a Series H funding round at a US$38 billion valuation. This new round brings Databricks’ total funding to almost US$3.6 billion, and will be used to

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