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Amsterdam FinTech Startup Expands Across Europe

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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.

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Bitcoin Daily: Bermuda Eyes Digital Stimulus Token Program; China's Digital Yuan Might Include A Traceable Wallet Feature

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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.

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InstaReM Raises $41M To Expand Into Latin America

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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.

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Banking-as-a-Service Tops This Week's B2B VC Roundup

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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.

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Teen-Focused Digital Bank Pixpay Raises $3.4M

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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

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Flutterwave Teams With Alipay To Enable China-Africa Transactions

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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.

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TransferWise Teams With Alipay For Money Transfers In China

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The partnership gives TransferWise’s estimated 7 million customers the ability to transfer Chinese yuan from 17 currencies to Alipay’s 1.2 Your money will be sent with the real exchange rate — like the one you see on Google,” TransferWise said. The startup has raised a total of $772.7 billion users across the globe.