South African Fintech Startup Lulalend Raises $6.5m
The financial sector is on a technological boom. It is one industry that is undertaking technological advancements in each of its department. Industry professionals are becoming more aware of the upcoming trends and trying to adopt them for their own benefit. Along with that, it...
Tink Partners With NatWest and Raises €56 million
The world of technology is taking over every domain possible. The rate at which industries are benefiting by advancing their IT is distinctively seen in each of their activities. On similar lines, trending in the financial tech domain is the news of Tink, the Sweden-based...
HSBC Appoints CGI for Delivering a Global Trade Technology Platform
Trending in the latest financial tech news it has been reported that HSBC the giant banking firm has selected CGI, an IT consultancy. The firm took this decision to deliver a new global trade technology platform in order to take financial tech to the next level...
Facebook Working on Developing Cryptocurrency
Introduction The internet is buzzing right now as the social media giant Facebook is planning to roll out new cryptocurrency over the next year. This currency is meant to allow users to send money to contacts on their messaging systems, like a Venmo or PayPal that...
SoftBank Grants $5 Billion Fund for Latin American Tech Firms
In the latest finance news, Japanese Group SoftBank Corp has launched a new $5 billion fund. The generous fund will make sizable investments in Latin American technology companies. Read on to know more about the SoftBank Innovation Fund. About the SoftBank Innovation Fund Recently, SoftBank...
Monzo Raises £85m to Become UK’s Latest Unicorn
Trending in the latest financial tech news, challenger bank Monzo closed a £85 million investment. This has made the fintech valuation to reach a whooping £1 billion. With this, Monzo is now a bonafide member of the U.K. fintech unicorn club, joining recent entrant Revolut....
Bitcoin Prices Fall Again, Putting An End to Recent Recovery
According to the latest finance news, the world’s biggest digital token, Bitcoin has lost more than 12 percent value from last week’s gain. Following various bitcoin traders taking part in an overnight flurry of sales, the value saw a tremendous fall on the morning of...
Finance Company Even Raises $40 Million in the First Round
According to the latest finance news, a US-based personal finance platform has secured $40 million through its latest round of crowdfunding. This round was led by Keith Rabois of Khosla Ventures, and other participants such as Valar Ventures, Allen & Company, Ron Conway, Harrison Metal...
London Declared World’s Fintech Capital at Major European Tech Conference
“London is the world’s fintech capital”, the Deputy Mayor for Business, Rajesh Agrawal, said at Europe’s leading fintech conference, according to the latest fintech news. Rajesh was present at Amsterdam Money 20/20, a tech conference with over 5,000 attendees. He met leading figures from the...
Banks Not Ready for Distributed Ledger Technology (DLT) Says Ripple Executive
According to the latest finance tech news, a senior executive at one of the top startups in the DLT space expressed that due to privacy and scalability issues, banks are unable to use distributed ledger technology (DLT) to process cross-border payments. David Schwartz, Ripple’s chief...
