Global Finance

JUNE 4, 2024

The latest such episode started in 2019 with the ongoing debt crisis, followed by a currency collapse and, in 2022, the fall of the scandal-ridden government of Rajapaksa. International events like Startup Weekend by Techstars, Seedstars and AngelHack, have touched down in Sri Lanka, encouraging a bloom of startups.

Economics 105

Economics Currencies Restructuring Manufacturing 105

PYMNTS

SEPTEMBER 25, 2018

When it comes to using loyalty points as a currency, some might underestimate the difficulty of such an application: “People kind of shrug,” Modo CEO Bruce Parker told PYMNTS.com in an interview. They think that “deploying loyalty points and redeeming them for stuff seems like something that should be pretty easy.”

Currencies 58

Currencies Construction Accounting Planning 58

PYMNTS

APRIL 5, 2019

People who want to use UnionBank of the Philippines ‘s (UBP’s) new bitcoin ATM will need to have an account with the bank. However, users will need to use a UBP bank account — and show a government-issued ID — to exchange funds to and from the virtual currency. For now, only bitcoin is being offered.

Startups 53

Startups Investments Currencies Banking 53

PYMNTS

OCTOBER 1, 2019

Amsterdam FinTech startup bunq is expanding into 22 additional countries after successful launches in Austria, Germany, Italy, Spain, France, Ireland and Belgium, TechCrunch reported on Tuesday (Oct. The bunq Travel Card is a Mastercard without any foreign exchange fee, and bunq offers a true exchange rate on purchases in foreign currencies.

Startups 46

Startups Foreign Exchange Currencies Banking 46

PYMNTS

FEBRUARY 28, 2018

The whole point of startups is to do things differently than mainstream players, and that is exactly what these companies are doing with automation, interoperability and digital currency initiatives. Why are one startup’s customers calm in the face of Visa’s upcoming new chargeback rules? Chargehound. Jewel Paymentech.

Startups 40

Startups Currencies Accounts Payable Invoicing 40

PYMNTS

DECEMBER 20, 2019

The new feature is called “Curve Send,” and it will allow for a person to send from any linked bank account to other people in over 25 different currencies. When someone uses Curve Send, they pick a contact and choose an account and an amount. Curve doesn’t charge fees, and the free version caps users at £500 ($650). “But

Startups 52

Startups Currencies Banking Accounting 52

PYMNTS

MARCH 29, 2018

Being a startup means constant chaos. All my startup friends have been telling me to expect this,” said Bruce Parker, founder and CEO of ModoPayments. ModoPayments isn’t the only startup riding that storm before the calm. Here’s what’s been going on in the world of startups in the month of March. ModoPayments.

Startups 43

Startups Currencies Communication Sales 43

PYMNTS

JANUARY 19, 2018

The government] is considering both shutting down all local virtual currency exchanges or just the ones who have been violating the law,” a representative noted. Separately, Bank of Korea Governor Lee Ju-yeol told a news conference that “cryptocurrency is not a legal currency and is not being used as such as of now.”.

Startups 49

Startups Currencies Banking Accounting 49

PYMNTS

MAY 31, 2018

Here’s how these startups are hastening the robots’ day. The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. Chargehound. DadeSystems.

Startups 43

Startups Compliance Accounts Payable Invoicing 43

PYMNTS

FEBRUARY 17, 2020

FinTech startup EasyEuro — based in both Paris, France and Shenzhen, China — has closed a $4 million pre-funding deal to launch a Neobank (a 100 percent digital bank) that will target Europe and China simultaneously, the company announced in a recent blog post. The digital wallet also supports Visa, WeChat Pay, Alipay and UnionPay.

Startups 70

Startups Currencies Banking eCommerce 70

PYMNTS

AUGUST 14, 2020

Coinbase, the digital currency exchange, will offer bitcoin-backed cash loans to select customers as early as next month, the San Francisco-based company announced on its blog this week. Customers in 17 states have been invited to join the waitlist to borrow up to 30 percent of their bitcoin holdings.

Currencies 107

Currencies Startups Economics Accounting 107

PYMNTS

JANUARY 31, 2018

January is a month of New Year’s resolutions for the masses, and it was no different for these startups, many of which have launched or announced new ventures and expansions in the new year. This is the second device to feature the startup duo’s Garmin Pay platform. The startups aim to launch the platform by mid-2018.

Startups 46

Startups Currencies Auditing Banking 46

PYMNTS

OCTOBER 18, 2018

According to Reuters last month, “only a handful” of the 250 banks in Switzerland are able to provide deposit services to the estimated 530 blockchain startups based in Switzerland’s Crypto Valley. At the same time, some traditional FIs are exploring how to work with cryptocurrencies in addition to fiat currency.

Banking 85

Banking Planning Currencies Startups 85

PYMNTS

DECEMBER 7, 2020

Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut on the stock market. It has also begun work in stock trading and cash management accounts.

Startups 107

Startups Cash Management Finance Currencies 107

PYMNTS

MAY 31, 2018

Here’s how these startups are hastening the robots’ day. The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. Chargehound. DadeSystems.

Startups 40

Startups Compliance Accounts Payable Invoicing 40

PYMNTS

AUGUST 19, 2016

Russia’s love-hate relationship with digital currency continues. Now, Russia has overcome its fears and has opened the first digital currency exchange. The new exchange will provide 24/7 currency exchange services and, according to News BTC , the Russian exchange is an actual office. Try Synthetic Currency.

Currencies 44

Currencies eCommerce Technology Startups 44

PYMNTS

MAY 1, 2017

But off the trading floors, the news cycle carried its own pace as Walmart made cash cheaper to send, bitcoin and the blockchain got a series of thumbs down from bankers around the world and startups started feeling the burn. The receiver picking up the funds doesn’t need to have a Bluebird account. Ready for the latest?

Startups 46

Startups Banking Currencies Investments 46

PYMNTS

JULY 3, 2018

In the life of a startup, there’s no better news than growth, be it across new verticals, devices or geographies. As startups such as DadeSystems , FitPay and Jewel Paymentech expand across devices and functions, Tipalti , AvidXchange and Emailage announce new growth for their local, national and global footprints.

Startups 40

Startups Compliance Currencies Leverage 40

PYMNTS

SEPTEMBER 7, 2020

Challenger bank Ziglu has rolled out new peer-to-peer payments for all currencies across its mobile app, a press release says. Ziglu, which was launched in June of this year, promises “accessible, simple and secure” access to payments in any currency, including both fiat and digital ones. Personal information is private as well.

Currencies 53

Currencies Startups Securities Investments 53

Global Finance

SEPTEMBER 5, 2024

In 2023, the lab honed its focus to concentrate on startups between seed and Series A funding stages. The lab, which had previously nurtured 76 startups, invested 500,000 Brazilian reais (approximately $91,000) in each of the six startups accelerated last year. Thus far, 64 startups have graduated from the lab.

Startups 52

Startups Finance Banking Technology 52

PYMNTS

AUGUST 3, 2016

Currency transfer and finding ways for consumers to avoid the inevitable fees is a hot spot for FinTech startups. Bank-to-bank transfers are one thing, but many consumers might want to transfer funds from a credit card rather than have to go to the trouble of opening a bank account. bank accounts. Revolut, a U.K.-based

Currencies 40

Currencies Foreign Exchange B2B Investments 40

Global Finance

OCTOBER 11, 2024

trillion in extended credit and new capital for its consumer and institutional clients while moving $10 trillion in over 120 currencies daily. This time, the failures disproportionally affected the venture capital-backed tech startup sector that these banks catered to. Throughout 2023, JPMorgan Chase raised $2.3

Banking 107

Banking Foreign Exchange Profit and Loss Finance 107

PYMNTS

OCTOBER 3, 2018

Crypto research site Diar claims that startups in the digital currency and blockchain space have notched roughly $3.9 Ten years after bitcoin launched, it remains the go-to currency of criminals and a way for cybercrooks to wash their money. billion in funding via venture capital (VC) investments, CoinDesk reported.

Currencies 78

Currencies Leadership Startups Investments 78

PYMNTS

NOVEMBER 12, 2018

According to The Next Web , hours after moving all raised funds out of its wallet, the company shut down its website, deleted its social media accounts and kicked all users off its chat group. This time, South Korean blockchain company Pure Bit has reportedly stolen $2.7

Marketing 71

Marketing Currencies Startups Education 71

PYMNTS

NOVEMBER 13, 2020

But it was a Banking-as-a-Service company that led the roundup this time, with one startup looking to expand into Credit Cards-as-a-Service with its latest investment. Osome connects small and medium-sized businesses to a digital business assistant app to automate accounting, payroll and tax compliance workflows. and Hong Kong.

B2B 91

B2B Banking Foreign Exchange Startups 91

PYMNTS

DECEMBER 1, 2019

French startup Pixpay is the first challenger bank to cater to teens, offering a debit Mastercard for cashless payments, news outlets reported on Friday (Nov. A Pixpay account can be opened by anyone 10 years old or above, and both parents and children can download the app together. The startup has raised $3.4 million (€3.1

Banking 60

Banking Foreign Exchange Startups Education 60

PYMNTS

AUGUST 5, 2020

The company combines a Mastercard debit card, mobile business account and virtual assistant into one offering, which is designed for freelancers, small businesses and startups. ANNA, which was started in 2018, has worked with Mastercard since its launch. and Ireland, said in the announcement.

B2B 81

B2B Invoicing Currencies Startups 81

PYMNTS

DECEMBER 17, 2020

Global payments platform Adyen is teaming up with the vertical payments startup Flywire to support the expansion of payments and receivables around the globe. Flywire’s customers are predominantly in the healthcare and travel industries and will benefit from Adyen’s extensive international reach and support of numerous currencies.

Healthcare 72

Healthcare Currencies Risk Management Startups 72

PYMNTS

APRIL 8, 2020

Hong Kong-based finance startup Neat has closed a Series A funding round and come away with $11 million, according to a press release. But Neat also focuses on other applications to enhance the uses of payroll, accounting, logistics and other kinds of software.

Currencies 94

Currencies Startups Investments Accounting 94

CFO Talks

NOVEMBER 13, 2024

For instance, if your company is a startup or in a high-growth phase, you might tolerate more risk, as higher returns will fuel expansion. This approach added stability to their returns and prevented their cash flow from taking a hit during currency fluctuations.

Investments 52

Investments CFO Economics Financial Modeling 52

PYMNTS

JULY 31, 2020

Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. On Friday (July 31), the Office of the Comptroller of the Currency (OCC) announced Varo Bank has been granted its full-service national bank charter. the San Francisco-based online bank, had the last laugh.

Startups 69

Startups Treasury Banking Currencies 69

PYMNTS

JULY 26, 2019

TechCrunch reported this week that the seed funding was led by Quest Venture Partners, while ffVC, Magma Partners, Sidekick Fund and the Blue Startups accelerator also participated. London’s VertoFX operates a platform for businesses and banks to make cross-border payments and exchange foreign currency. based startup landed $2.23

B2B 62

B2B Accounts Payable Startups Currencies 62

PYMNTS

FEBRUARY 19, 2020

The Silicon Valley cryptocurrency exchange Coinbase has become the first pure-play crypto startup to earn approval as a Visa principal member, the company said in a blog post on Wednesday (Feb. When customers use the Coinbase Card, the crypto is instantly converted into fiat currency, such as the pound.

Currencies 83

Currencies Startups Accounting Banking 83

The Finance Weekly

APRIL 13, 2024

Conversely, business finance software caters to the more complex financial needs of businesses, offering tools to track income and expenditure, generate financial reports, and handle accounts receivable and payable effectively. Contact Their sales team for a custom quote. Key Features Powerful reporting and KPIs. Streamline manual data.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Invoicing Budgeting 52

PYMNTS

JULY 16, 2018

Say hello to the payments industry’s 83-year-old startup. Even though we are an old company, we’ve been [so] focused on being very innovative in the last 10 years that we call ourselves the 83-year-old startup.”. An 83-year-old that Kaiser said can be nimble, flexible and make changes quickly — on the fly, as it were.

Startups 42

Startups B2B Marketing Sales 42

PYMNTS

JANUARY 29, 2021

The SEC is investigating how the San Francisco-area startup allocates revenue. . The SEC’s issue is over how Roblox recognizes revenue from the sale of its currency, Robux, according to the memo seen by Reuters. Security and Exchange Commission (SEC) raised concerns, Reuters reported on Friday (Jan. 29), citing an employee memo.

Entertainment 82

Entertainment Valuation Currencies Startups 82

PYMNTS

APRIL 16, 2020

It can process as well as support 1 billion user accounts and 1 billion transactions daily. In other news, Purse, a bitcoin startup, plans to close following a run that lasted for six years, CoinDesk reported. Users could buy gift cards at reduced prices with bitcoin or bitcoin cash.

Planning 73

Planning Currencies Startups Technology 73