Two fintech companies, PayOp and PayDo, have confirmed their collaboration in the field of financial services. The partnership between firms will provide a unique payment acceptance and processing platform for both businesses and individuals worldwide. Also Read: Haru Invest surpasses $1 billion in total transaction volume The main aim of this cooperation is to improve… Continue reading PayOp announces partnership with European virtual banking company PayDo
Category: BFSI
Read Magazine provides latest news and granular market insights from the Banking, Financial Services, and Insurance (BFSI) domains.
Catena X to deploy on the Solana blockchain in the upcoming weeks
Cryptocurrency project Catena X (CEX) has announced that the CEX token will be deployed on the Solana (SOL) blockchain within a couple of days. Launching on the Solana blockchain is an essential step in achieving Catena X’s vision of delivering a cross-chain protocol that allows users to transact across several blockchains. Solana was selected because… Continue reading Catena X to deploy on the Solana blockchain in the upcoming weeks
Athene and Apollo to Acquire Majority Stake in Fast-Growing Consumer Lending Platform Aqua Finance at Valuation of Approximately $1 Billion
Athene announced that Athene has agreed to acquire a controlling stake in Aqua Finance (“Aqua” or the “Company”), a fast-growing consumer lending platform, from funds managed by Blackstone Tactical Opportunities (“Blackstone”) at a valuation of approximately $1 billion. Under the terms of the transaction, Apollo will manage the investment on behalf of Athene. Blackstone would… Continue reading Athene and Apollo to Acquire Majority Stake in Fast-Growing Consumer Lending Platform Aqua Finance at Valuation of Approximately $1 Billion
Haru Invest surpasses $1 billion in total transaction volume
Haru Invest, a top digital asset management platform and service brand name of Block Crafters, announced that they have achieved a new milestone – reaching $1 billion in total transaction volume. The accomplishment is due in part to the increasing number of global users trusting them, backed by high retention of their existing users. Haru… Continue reading Haru Invest surpasses $1 billion in total transaction volume
Global Fintech, Jeeves, and MasterCard Join Forces to Offer Fully Locally-Issued Physical and Virtual Cards for Mexican Businesses
Mexico is one of the fastest-growing economies in the world, yet its local businesses still struggle to access credit without exorbitant fees and tedious paperwork. Mastercard, the world’s leading payments company, and Jeeves, the preferred financial partner for Mexican businesses, have partnered together to solve this issue by launching the first physical card that allows… Continue reading Global Fintech, Jeeves, and MasterCard Join Forces to Offer Fully Locally-Issued Physical and Virtual Cards for Mexican Businesses
BlueVine Announces U.S. Small Business Resilience Program
BlueVine, the leading provider of innovative financial services for small businesses, announced the launch of its Small Business Resilience Program, which is designed to celebrate small businesses that exhibited exceptional leadership, innovation, and grit throughout the pandemic. Also Read: Mastercard Expands Support of Latin America Real-Time Payments with Acquisition of Arcus Small businesses are the… Continue reading BlueVine Announces U.S. Small Business Resilience Program
India FinTech Forum concludes IFTA 2021 with focus on financial inclusion and emerging technologies
India FinTech Forum’s IFTA 2021 saw 34 innovative product demos over 3 days with the felicitation of Stockal as Fintech Startup of the Year and IDfy as Fintech Scaleup of the Year. IFTA 2021 saw the participation of senior representatives from Gujarat International Finance Tec-City (GIFT City) and Tamil Nadu Government. It is the longest-running… Continue reading India FinTech Forum concludes IFTA 2021 with focus on financial inclusion and emerging technologies
Huobi Global Partners with Settlepay to Launch Fiat-to-Crypto Gateway for Ukrainian Users
Huobi Global, the world’s leading digital asset exchange, announced the launch of a new fiat-to-crypto gateway for users in Ukraine. The gateway offers regional users a flexible and seamless solution to purchase crypto assets, using UAH balances in their Huobi accounts. Also Read: KKR Invests in Taylor’s Education Group This is made possible through a… Continue reading Huobi Global Partners with Settlepay to Launch Fiat-to-Crypto Gateway for Ukrainian Users
Mastercard Expands Support of Latin America Real-Time Payments with Acquisition of Arcus
Mastercard announced it has acquired Arcus FI, an alum of the company’s Start Path program, to help support the delivery of bill pay solutions and other real-time payment applications across Latin America. Also Read: United Fintech Announces Acquisition of Trading Analytics Firm FairXchange With offices in New York and Mexico City, Arcus helps to enable… Continue reading Mastercard Expands Support of Latin America Real-Time Payments with Acquisition of Arcus
Equity Consortium Led by Nordic Capital and Including Insight Partners Completes Acquisition of Inovalon
Inovalon a leading provider of cloud-based platforms empowering data-driven healthcare, t announced the completion of its acquisition by an equity consortium led by Nordic Capital, and joined by Insight Partners, as lead co-investor, 22C Capital, and Inovalon founder and chief executive officer Keith Dunleavy, M.D. and certain Class B stockholders of Inovalon. The acquisition was… Continue reading Equity Consortium Led by Nordic Capital and Including Insight Partners Completes Acquisition of Inovalon