Category: News-Automation

Popular cryptocurrency exchange Binance has invested a huge sum of money, about $200 million, into Forbes – the world-renowned business media brand. The interesting part is that Binance had sued Forbes in 2020 for defamation. The big investment from Binance comes as Forbes gets ready...

  Philippines-based neobank Tonik has bagged a $131 million Series B deal which was led by Mizuho Bank. The digital neobank has raised funds majorly for expanding its service across Asia. Tonik Financial Pte Ltd commonly referred to as Tonik, the parent company of Tonik...

Latin American payments fintech company Ebanx has announced the appointment of former Microsoft and Google exec ‘Paula Bellizia’ as the company’s President of Global Payments. The cross-border payments company announced the appointment of Bellizia in a press release saying that she would be leading the...

While talking about its Quarter 4 earnings, PayPal’s Chief Finance Officer, John Rainey revealed that about 4.5 million accounts had been closed down after ‘bad actors’ took advantage of rewards and incentives programmes. This resulted in PayPal’s shares falling down by a whopping 25%. On...

Buy Now Pay Later titan Klarna has announced that it will be launching an all-new physical card in the United Kingdom that allows users to, quite literally, show now and pay later at physical and online stores. The Swedish financial technology company is said that...

Chime Financial, Inc., a US-based fintech company, has invited Goldman Sachs to help it become ready for an Initial Public Offering (IPO) that might value the online banking titan up to $40 billion. Goldman Sachs was chosen by Chime after interviewing multiple high-potential investment banks...

United States-based multinational financial services organization, Mastercard has launched a virtual card that uses the power of machine learning and “straight-through processing” for instant supplier invoice payments. The financial services company said that slow, inefficient payment processes continually hamper businesses, hit the cash flow of...

Plaid, a financial technology giant that’s known for its API, has announced that it’ll be acquiring Cognito for about $250 million. The transaction will happen in a combination of stocks and cash. Cognito provides identity verification and compliance service with the help of groundbreaking tech...

FinTech platform company iCapital Network announced that it has grabbed over $50 million in its latest funding round. The funding round for iCapital Network was led by WestCap and included participation from venture capital firms Temasek and Apollo Global Management.  Headquartered in New York, iCapital...

Visa, a fintech and one of the largest payment processing players, announced the launch of its international cryptocurrency advisory service for its clients, including banks and merchants. The move comes as the acceptance of crypto and digital currencies gains momentum and the subsequent high demand...