Acorns’ new fintech target is debt management with acquisition of Pillar
Saving and investing app Acorns has acquired Pillar, an AI-powered startup built to help manage student loan debt, in its second acquisition of 2021.
While the world dithers, China prepares to unleash a digital currency
China is rushing towards the development and distribution of a central bank digital currency while the rest of the developed world dithers along.
IDS, White Clarke Group join forces to create a secured finance technology powerhouse
The combination of IDS and the UK’s White Clarke Group will create a multi-asset class secured finance technology powerhouse.
Coinbase $1.8 billion first-quarter earnings bigger than in all of last year
Coinbase posted total first-quarter revenue of $1.8 billion from $191 million in the same quarter a year earlier and an EBITDA of $1.1 billion.
US Fintech Avant acquires Zero Financial & Level
US fintech Avant announced on Wednesday it has completed the acquisition of Zero Financial and neobank Level.
Fintech start-up Stripe enters the Middle East with UAE launch
Stripe, one of Silicon Valley’s most valuable private fintech companies, has chosen Dubai for its first expansion into the Middle East and North Africa.
Standard Chartered turbocharges digital payments proposition with investment and the merger of CurrencyFair with Assembly Payments
CurrencyFair, a global cross-border payments platform and Assembly Payments, whose platform automates complex payment workflows, today announce their merger as a result of a strategic investment by Standard Chartered, subject to regulatory approval. SC Ventures, the innovation, ventures and fintech investments unit of Standard Chartered is doubling down on its commitment to the rapidly growing payments industry, following its earlier investment in Assembly Payments in 2020. Bill Winters, Group Chief Executive of Standard Chartered said, “Digital payments is a core strategic area for Standard Chartered and our 2020 investment in Assembly Payments greatly enhanced our presence in the domestic payments business. By bringing together the complementary strengths of CurrencyFair and […]
Visa selects five startups across Asia Pacific for first Visa accelerator program
Visa has selected five startups to be a part of the first Visa Accelerator Program in Asia Pacific: Brankas, Curlec, DigitSecure, ModusBox and Open.
