PYMNTS

SEPTEMBER 1, 2020

Working in conjunction with stablecoin payment and foreign exchange platform Stablehouse , the idea was started last year but expedited due to its newfound importance after the pandemic hit. And, Coinbase is developing a token crowdfunding program for crypto startups looking to get into the business, according to CoinDesk.

Foreign Exchange 82

Foreign Exchange Construction Currencies Startups 82

Global Finance

JUNE 13, 2024

Clients with $10 million in sales, whom we call emerging growth companies, innovators or disruptors for startups, are also covered by Citi. So, we cover the startup community as well in the commercial bank. GF : Have any additional features been rolled out to the CitiDirect Commercial Banking platform?

Foreign Exchange 105

Foreign Exchange Banking Sales Startups 105

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. With nearly $90 million in new funding landing at B2B FinTechs this week, investors showed off a diverse range of focuses, from procure-to-pay to small business payments.

B2B 91

B2B Banking Foreign Exchange Startups 91

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

JULY 30, 2019

FinTech startup Flutterwave is teaming up with Alipay to offer digital payments between Alipay and African merchants. Nigeria can be a very complex foreign exchange environment,” Mike Massaro, CEO at Flywire, said at the time.

Foreign Exchange 76

Foreign Exchange Reconciliations Healthcare Education 76

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

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

MAY 5, 2020

Although the startup lost revenue due to decreased card usage worldwide amid COVID-19, it’s still in a solid position. . Founded in 2015, Revolut began with a prepaid debit card that enables people to sidestep foreign exchange fees while traveling abroad. Revolut raised $500 million in February, which upped its valuation to $5.5

Foreign Exchange 70

Foreign Exchange Startups Valuation Banking 70

PYMNTS

OCTOBER 10, 2017

Treasury management startup IBSFINtech has landed seed funding from investors, reports from Indian information services group VCCircle said Monday (Oct. The India-based startup secured investment from Shailesh Haribhaki, chairman of consultancy firm Haribhakti & Co.,

Treasury 40

Treasury Startups Foreign Exchange Management Consulting 40

PYMNTS

APRIL 29, 2020

German banking platform Mambu has announced a collaboration with TransferWise to enhance banks’ cross-border payments and foreign exchange management operations, the companies recently revealed. Meanwhile, other partnerships between banks and FinTechs embrace data sharing to target friction for joint small business customers.

Banking 95

Banking Foreign Exchange Invoicing Finance 95

Global Finance

OCTOBER 11, 2024

This time, the failures disproportionally affected the venture capital-backed tech startup sector that these banks catered to. In a letter to UK Chancellor of the Exchequer Jeremy Hunt, the leaders of 180 tech companies said, “The loss of deposits has the potential to cripple the sector and send the ecosystem back 20 years.

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

PYMNTS

MARCH 19, 2019

InstaReM, the Singapore FinTech startup that enables banks and consumers to send money across borders , raised $41 million in venture funding. According to a report in TechCrunch , the four-year-old startup raised the money in a Series C round of funding. To date, the startup has raised $59.5 million, according to the report.

Foreign Exchange 64

Foreign Exchange Startups Currencies Banking 64

CFO Talks

AUGUST 29, 2024

For instance, a tech startup might avoid debt initially, relying on investor funds instead. But as the business grows, taking on some debt could help fuel expansion without giving up too much ownership. For CFOs in South Africa and Africa, this includes things like exchange control laws and anti-money laundering rules.

Treasury 96

Treasury Cash Flow Forecasting Foreign Exchange Currencies 96

CFO News

NOVEMBER 21, 2023

The Enforcement Directorate (ED) on Tuesday issued showcause notices to troubled edtech startup Byju’s and its founder and group CEO Byju Raveendran over alleged violation of the provisions of the Foreign Exchange Management Act (Fema) amounting to over Rs 9,362 crore.

Foreign Exchange 52

Foreign Exchange Startups Investments 52

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 26, 2018

Targeting China’s SMB community, XTransfer provides cross-border payments, collection and foreign exchange solutions, with its eye fixed on exporters. The startup announced this week a $10 million fundraiser led by China Merchants Group, while 01VC, Yunqi Partners and Gaorong Capital also participated in the Series A round.

Foreign Exchange 77

Foreign Exchange B2B Invoicing Startups 77

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. Eventually, the startup wants to allow teens to get paid for particular chores or jobs and let more than one parent manage a child’s account. The startup has raised $3.4

Banking 60

Banking Foreign Exchange Startups Education 60

PYMNTS

JULY 29, 2016

With $95 million injected into B2B startups over the last week, venture capitalists had their purse strings loose. And, it seems, venture capitalists are backing the startup in its offering. A healthy $15 million will help corporate cybersecurity startup SafeBreach provide businesses with a way to identify and combat cyberthreats.

Startups 40

Startups B2B Foreign Exchange Banking 40

PYMNTS

JANUARY 30, 2019

FinTech startups like GDC are seeking to evolve with the times, combining these know-your-business (KYB) checks with know your customer (KYC) and underlying technology to provide an application programming interface (API).

Foreign Exchange 74

Foreign Exchange Compliance Startups Currencies 74

PYMNTS

OCTOBER 11, 2019

After one of the busiest weeks of the year for B2B startup venture capital funding, this week revealed a bit of a lull in the market. It was an SMB InsurTech startup, however, that led this week’s roundup, and brought the market its newest unicorn. Fleet management startup Avrios , based in Germany, raised $14.2

Startups 67

Startups Foreign Exchange B2B Investments 67

PYMNTS

JUNE 4, 2019

Other offerings within the suite include Start Path, which links Mastercard with late-stage startup partners; API Developer Zone for developer access to standardized technology offerings; and Engage, which connects banks and merchants with technology partners. Other functions span foreign exchange and remittances.

Foreign Exchange 76

Foreign Exchange Banking Startups Economics 76

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 eCommerce 40

PYMNTS

DECEMBER 21, 2016

Axoni, the blockchain startup, is about to get a multimillion-dollar investment from some big heavy hitters on Wall Street. During the course of the last six months, Axoni has run experiments with some of the biggest players in the financial industry in post-trade processing of credit default swaps and foreign exchange, reported Reuters.

Foreign Exchange 46

Foreign Exchange Investments Startups Currencies 46

PYMNTS

JULY 12, 2019

Targeting the freelancer and small business space, FinTech startup Sensibill announced $31.5 In India, Horizons Ventures, Tencent and JS Capital provided $35 million in Series B funding to digital banking startup NiYO , a press release said this week. startup that offers corporate spend management solutions in the U.K.,

B2B 64

B2B eCommerce Foreign Exchange Startups 64

Global Finance

JUNE 4, 2024

Other foreign companies operating in Sri Lanka include IFS, a global enterprise software solution company; HCL Technologies, a global IT company; Apollo Marine International, a food processor; pharmaceutical giant SmithKline Beecham; and Best Pacific International Holdings, an apparel manufacturer. The World Bank projects GDP growth of 1.7%

Economics 105

Economics Currencies Restructuring Foreign Exchange 105

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 Securities 70

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 TransferWise has a valuation of $3.5 billion following its last funding round of $292 million in May 2019.

Foreign Exchange 56

Foreign Exchange Valuation Startups Currencies 56

PYMNTS

JULY 28, 2020

For one, the digital bank startup said it had landed $80 million in venture funding from San Francisco-based TSG Consumer Partners. This week, Revolut said banking veteran Richard Davies is leaving his role as CEO , only one year after coming aboard help boost the startup. This is exactly what we are doing here with Revolut.”.

Foreign Exchange 56

Foreign Exchange Startups Banking Technology 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 22, 2016

Goldman was one of the two leading investors in a $50 million round of funding for Circle Internet Financial, which is a bitcoin startup, noted WSJ. Goldman Sachs is also aiming to get patents on two blockchain inventions, with one for foreign exchange trading and the other focused on digital currency, according to WSJ.

Foreign Exchange 59

Foreign Exchange Currencies Startups Technology 59

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

PYMNTS

NOVEMBER 16, 2018

This week, RPA startup Automation Anywhere made waves with its $300 million investment from the SoftBank Vision Fund, reports said Thursday (Nov. The FinTech targets friction and costs associated with foreign exchange (FX) conversion fees and volatility that corporates experience when making payments to their vendors across borders.

Accounts Payable 77

Accounts Payable Currencies Foreign Exchange Startups 77

PYMNTS

AUGUST 14, 2017

Moneytis, the FinTech startup, has created a platform to help consumers find the cheapest foreign exchange services and send money seamlessly, taking a page from travel aggregator websites like Booking.com and Expedia. I was an expat in China, and Etienne [Tatur] was in Europe.

Foreign Exchange 43

Foreign Exchange Startups Currencies CFO 43

PYMNTS

FEBRUARY 15, 2019

Right now, the commission charged — along with foreign exchange — takes an average of 8 percent out of every remittance. There are 75 startups now in Mexico specializing in payments and remittances, while apps like Remitly and Xoom have become more popular in the country. Herrera said that needs to be brought down to 5 percent.

Foreign Exchange 57

Foreign Exchange Startups Banking Finance 57

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

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

AUGUST 10, 2017

For FinTechs, APIs can get these startups working more effectively with banks’ legacy systems instead of building new systems on their own. One company working to bridge the bank-FinTech divide is Silicon Valley Bank , a financial institution providing banking services to startup tech companies. Collaboration Inspiration.

Banking 80

Banking B2B Startups Foreign Exchange 80