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

JUNE 29, 2018

India’s YES BANK is rolling out new financial services for startups across the country through a partnership with Kerala Startup Mission , a government initiative to support entrepreneurs. The bank works with the Credit Guarantee scheme for Stand Up India to provide financing to startups.

Startups 41

Startups Banking Foreign Exchange B2B 41

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

NOVEMBER 16, 2018

RPA is igniting chatter in the corporate finance community as professionals explore next-level analytics and automation functionality to enhance processes like accounts payable, accounts receivable, cash flow management and more. Another nine-digit investment round was landed by a startup this week.

Accounts Payable 77

Accounts Payable Currencies Foreign Exchange Startups 77

PYMNTS

JANUARY 30, 2019

More detailed eCDD — especially for business accounts, trusts and high-net-worth (HNW) accounts — has become a focus for regulators, governments and agencies. That framework assesses potential risks, such as money laundering and terrorist financing, that firms face in relationships with specific customers.

Foreign Exchange 74

Foreign Exchange Compliance Startups Currencies 74

PYMNTS

FEBRUARY 15, 2019

HSBC ‘s blockchain-based system has helped the bank save 25 percent on foreign exchange (FX) trades. In other news, CoinDesk discovered that the Central Bank of Iran is working with two blockchain startups on a new token ecosystem.

Foreign Exchange 63

Foreign Exchange Risk Management Startups Currencies 63

PYMNTS

OCTOBER 21, 2016

It was another stellar week for B2B FinTech startups, which announced a collective $191.8 Funding rounds this week were all about the startups that help businesses get paid faster, through more channels, more securely, regardless of geographical location. million in venture capital and growth equity investment this week. IbanF irst.

B2B 77

B2B Startups Foreign Exchange Investments 77

Global Finance

OCTOBER 31, 2024

SMEs account for 16% of the bank’s business, or approximately $1.5 Additional advancements include the integration of biometric signatures in branches and a time-saver for account openings. —LS The bank is also the first in Moldova to offer consulting services to its customers in accounting, business, and human resources.

Banking 52

Banking Finance Construction Foreign Exchange 52

PYMNTS

JULY 29, 2016

With $95 million injected into B2B startups over the last week, venture capitalists had their purse strings loose. The company says it’s the “world’s first” mobile-first banking solution, helping small businesses get set up with a bank account more quickly than its rivals. Based in the U.K., Vena Solutions.

Startups 40

Startups B2B Foreign Exchange Banking 40

Global Finance

JUNE 4, 2024

That fall, after six successive quarters of negative growth, the economy finally posted positive numbers, reporting a current account surplus, disinflation, increased revenue and growing remittances from citizens working abroad. Vital Statistics Location: South Asia Neighbors: Sri Lanka borders India and Maldives by sea. this year and 2.4%

Economics 105

Economics Currencies Restructuring Foreign Exchange 105

PYMNTS

MARCH 17, 2020

Founded in 2011 by Estonian friends Käärmann and Taavet Hinrikus, the startup set out to make foreign exchange fees more transparent. The startup has raised a total of $772.7 that also included a TransferWise Borderless multicurrency account. . TransferWise has a valuation of $3.5

Foreign Exchange 56

Foreign Exchange Valuation Startups Currencies 56

PYMNTS

MARCH 17, 2020

To stay competitive, especially with digital startups unencumbered by legacy systems, traditional financial institutions (FIs) need to deliver seamless customer services to individual consumers and enterprise customers alike. With open APIs you can pretty much build an entire ecosystem for payments providers,” he said.

Foreign Exchange 91

Foreign Exchange Securities Compliance Startups 91

PYMNTS

NOVEMBER 9, 2016

The conduit between the two is San Francisco-based startup Ripple, which is known for enterprise cross-border applications. That said, those longer-term implications — some experts say — may cause SEB’s foreign exchange income to dip. That will be the long-term benefit.”.

Foreign Exchange 70

Foreign Exchange Banking Technology Startups 70

PYMNTS

MARCH 11, 2016

million to B2B startups. Adding to the confusion is the latest data from KPMG International and CB Insights, which revealed that private investment in FinTech startups more than doubled last year. Still, B2B startups continue to land on VCs’ radars. foreign exchange payments company FairFX scored nearly $7.5

B2B 40

B2B Startups Foreign Exchange Valuation 40

PYMNTS

JANUARY 13, 2017

12) that the application process for its incubator is now open, with CSI Kick Start looking for companies innovating in the areas of virtual cards, ACH, foreign exchange and other B2B payments issues, like fraud and digitization. The company said Thursday (Jan.

B2B 49

B2B Foreign Exchange Accounts Payable Startups 49

PYMNTS

MARCH 3, 2020

The British accounting software company Sage is offloading its operations in Brazil in a deal estimated to be valued at £1 million, plus deferred consideration of up to £9 million, according to reports on Tuesday (March 3). In addition, cloud-native software startups like Xero and Tipalti became serious rivals.

Profit and Loss 52

Profit and Loss Foreign Exchange Accounting Startups 52

PYMNTS

SEPTEMBER 14, 2016

“We are big believers that everything should, as much as possible, remain local within countries to take a lot of the foreign exchange burden off of people,” he explained. Regardless of a platform’s vertical, business model or type, Warrington said having a global workforce is no easy feat. Conquering The Borderless World .

Foreign Exchange 69

Foreign Exchange Education Compliance Startups 69

PYMNTS

APRIL 12, 2019

Investors backed a range of B2B FinTechs this week operating in areas including accounting, cross-border payments, virtual cards, expense management, cybersecurity and more. million in seed funding, Back Office, based in Florida, plans to enhance the technology behind its small business accounting automation tool. Back Office.

B2B 55

B2B Banking Foreign Exchange Startups 55

PYMNTS

DECEMBER 4, 2017

International payments startup Airwallex is taking steps to link its corporate customers to the U.K.’s Through their collaboration, RailsBank customers will also gain access to Airwallex’s cross-border payments and foreign exchange (FX) services. s Faster Payments scheme. In an announcement on Friday (Dec.

Foreign Exchange 49

Foreign Exchange Startups Compliance Banking 49

PYMNTS

MAY 24, 2017

From small startups to large consortiums, these companies are raising a glass in thanks to their investors. 116 million | Venture capital funding landed by TransferWise, a London FinTech startup , as it rolls out a new foreign exchange account to supplement its international money transfer offerings.

Foreign Exchange 40

Foreign Exchange Startups Investments Finance 40

PYMNTS

NOVEMBER 22, 2019

Talk of a decelerating FinTech venture capital market continued to mount this week with reports that digital banking startup Aspiration is struggling to raise money. Indeed, WeWork’s recent troubles have shaken confidence in the tech startup funding environment. The Access Group , a U.K.-based According to BusinessLeader.co.uk

Mergers and Acquisitions (M&A) 43

Mergers and Acquisitions (M&A) B2B Foreign Exchange Startups 43

PYMNTS

JANUARY 16, 2020

Application programming interfaces (APIs) comprise one way to speed up services, as they can quickly connect multiple parties while securing transactions and data exchanges. Some already handle issues such as payments and collections, foreign exchange (FX) support and liquidity management. s banking ecosystem.

Banking 52

Banking Foreign Exchange Startups B2B 52

PYMNTS

MAY 12, 2017

The cross-border B2B payments market, on the other hand, is fraught with friction, despite being much larger in size — accounting for nearly 80 percent of global cross-border payment revenue, according to a 2016 report by McKinsey & Company. Struggling with frictions.

B2B 43

B2B Foreign Exchange Compliance Currencies 43

PYMNTS

JUNE 25, 2018

Modern tech makes it possible for them to receive that payout as soon as the flight is delayed and in whatever form is most convenient: to their credit or debit card, straight into a bank account, or even in cash, so they can then take it to the hotel of their choosing. What The Partnership Means.

Foreign Exchange 60

Foreign Exchange Currencies Technology Startups 60

PYMNTS

AUGUST 14, 2019

The freight logistics startup Kobo360 in Nigeria has raised $20 million in a Series A funding round led by Goldman Sachs, as reported on Wednesday (Aug. Three times as many people in Africa – roughly 280 million – have mobile money accounts compared to traditional bank accounts.

Foreign Exchange 43

Foreign Exchange Transportation Startups Banking 43

PYMNTS

DECEMBER 1, 2016

PayCar, a FinTech startup created to purchase used cars, has received a round of venture funding, which included BNP Paribas as a participant. The person buying the car credits his or her PayCar account, and once the deal closes, the agreed-upon price immediately is transferred from the PayCar account to the seller by using a smartphone.

Investments 43

Investments Foreign Exchange Cash Management Startups 43

PYMNTS

JULY 26, 2016

Small business banking firm Tide positions itself as the “world’s first” mobile-first banking tool for SMEs and boasts its speedy services for small businesses looking to set up a bank account. Accounts set up through the service are provided by Barclays with an eMoney license provided by PrePay Solutions.

Banking 40

Banking Foreign Exchange Invoicing Accounting 40

PYMNTS

JULY 1, 2016

Startups are estimated to employ nearly 300,000 on the island nation. The amount of investment poured into Singapore-based startups has made up approximately 19 percent of VC funding in Asia, beating out Japan, South Korea and Hong Kong. The Role Of Startups. With an estimated population of just 5.47

Startups 53

Startups Foreign Exchange Technology Education 53

PYMNTS

OCTOBER 4, 2019

More than $874 million in fresh funding landed at B2B startups this week across a range of market segments and geographies. based alternative small business lending isn’t dead with investors and an India startup landed more than half a billion dollars. India-based expense management startup Fyle announced $4.5

B2B 51

B2B eCommerce Startups Foreign Exchange 51

PYMNTS

NOVEMBER 7, 2019

Also, Amazon Australia is teaming with buy now, pay later (BNPL) startup Zip Co. And JPMorgan Chase developed an eWallet product for tech firms to help them provide clients with virtual bank accounts. JPMC Opens eWallet So Tech Firms Can Offer Virtual Bank Accounts. Amazon Australia Integrates BNPL Startup Zip Co.

Foreign Exchange 40

Foreign Exchange B2B Startups Accounting 40

PYMNTS

JUNE 28, 2019

Under the SWIFT pilot, the participating banks — Banque Internationale á Luxembourg, BBVA, Deutsche Bank, Natixis, Santander, Sberbank and UniCredit — will be able to transmit cross-border payments in real time, as well as use TIPS to settle them and provide instant crediting to recipients’ bank accounts.

Foreign Exchange 44

Foreign Exchange B2B Invoicing Nonprofit 44

PYMNTS

JULY 8, 2016

With nearly $50 million in venture capital funding for B2B startups this week, the field didn’t fare too bad. “It can take days for the money to reach its destination, and the transfer and foreign exchange fees are excessive and often prohibitive to SMEs.” Check out our breakdown of all the deals below. .

B2B 40

B2B Startups Foreign Exchange Invoicing 40

PYMNTS

MARCH 1, 2016

Meanwhile, AvidXchange, which provides accounts payable and automation solutions for corporations, also landed among the elite with a $225 million funding round led by Bain Capital in September. Consumer-focused FinTech players continue to receive the bulk of support, with peer-to-peer FinTech startups grabbing 22 percent of the value in U.K.

B2B 40

B2B Foreign Exchange Accounts Payable Startups 40

PYMNTS

MARCH 25, 2020

Payhawk is able to operate in unison with businesses’ existing bank accounts, however, thanks to Europe’s PSD2 and open banking regulations. This week, corporate card startup Brex announced the acquisition of three companies to strengthen its card offering. Payhawk Explores Open Banking’s Biz Card Opportunity.

Mergers and Acquisitions (M&A) 46

Mergers and Acquisitions (M&A) Banking Foreign Exchange Risk Analysis 46

PYMNTS

JUNE 23, 2016

When you think FinTech, many words come to mind — startups, disruption, innovation, consumer-centric — but there’s also regulation. It can be seen as one of the biggest headaches facing FinTechs today and is considered a significant barrier to entry.

Foreign Exchange 50

Foreign Exchange Leverage Compliance Securities 50

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

PYMNTS

JUNE 27, 2016

A startup in Singapore offering bitcoin exchange and cryptocurrency services just secured another major round of funding. According to reports, Quoine is the largest bitcoin exchange that operates in a major bitcoin market, Japan, as it has $50 million bitcoins transacted over its exchange per day.

Startups 44

Startups Foreign Exchange Currencies Securities 44