PYMNTS

NOVEMBER 12, 2020

banking-as-a-service (BaaS) Startup Railsbank closed a $37 million funding deal co-led by MiddleGame Ventures and Ventura Capital. The London-headquartered startup is striving to help startups and other firms “prototype, launch and scale financial products within their own customer experience.”.

Startups 88

Startups Leadership Financial Systems Banking 88

The Finance Weekly

MARCH 16, 2023

SVB may have been a unique case as its customers were mostly startups, and primarily tech startups. While smaller startups might have less options for banking or might receive lower interest rates, a widespread crisis seems to be avoided for now. Will this create a ripple effect?

Leadership 105

Leadership CFO Startups Compliance 105

Beacon CFO Plus

MARCH 12, 2024

Lay the Foundation for Stability and Growth Are you a startup or a small- to medium-sized company without a chief financial officer in place? Here are three ways that you can improve your financial management today. Evaluate your company’s current financial systems and identify areas for improvement and automation.

Cash Flow Forecasting 52

Cash Flow Forecasting CFO Financial Analysis Invoicing 52

PYMNTS

OCTOBER 18, 2020

million to humanitarian aid organization Mercy Corps , intending to bolster the non-governmental organization's efforts to help create economic opportunities for those in areas with flawed financial systems, according to Invezz. The existing financial system is fragmented, antiquated, and exclusionary — leaving 1.7B

Nonprofit 76

Nonprofit Financial Systems Education Startups 76

PYMNTS

MAY 29, 2019

BalanceHero, the startup behind the popular Indian digital payments app True Balance , has roughly 60 million registered users and recorded $100 million in gross merchandise volume (GMV) sales. Reporters, citing company spokesperson Yongsung Yoo, said the startup has raised $42 million in venture funding.

Sales 51

Sales Startups Currencies Financial Systems 51

PYMNTS

JANUARY 27, 2021

Payroll infrastructure startup Check , which purports to simplify the payroll process, launched publicly Wednesday (Jan. Financial services and payments in particular have seen progress in the last 10 years, the release stated. “By 27) with $35 million in Series B funding, according to a press release.

Accounts Payable 71

Accounts Payable Financial Systems Startups Accounting 71

PYMNTS

DECEMBER 1, 2019

“Your Central Bank today is more committed to creating wealth and putting in place strong policies for creating jobs for our growing youth population; your Central Bank today is ever more committed to promoting a more stable and resilient financial system,” he said. Other examples include FairMoney and PalmPay.

Manufacturing 101

Manufacturing Banking Financial Systems Startups 101

PYMNTS

MARCH 4, 2019

Circle , the payments startup backed by Goldman Sachs, announced on Monday (March 4) it closed on its acquisition of SeedInvest , an equity crowdfunding platform that operates a registered broker-dealer. The completion of the deal comes as talk abounds that the company wants to raise $250 million in fresh capital.

Startups 51

Startups Financial Systems Securities Retail 51

PYMNTS

NOVEMBER 17, 2020

Mastercard is teaming up with FinTech startup Juvo to help the “underbanked” in Latin America and the Caribbean to build credit histories so they can engage in a wider range of financial services. Juvo was a participant in Mastercard’s FinTech startup program, Start Path.

Startups 60

Startups Financial Systems Banking Securities 60

PYMNTS

MARCH 6, 2019

Two South African FinTech companies, Sasfin, a banking group, and Hello Paisa, a money transfer startup, are teaming up to start a bank with a goal of bringing thousands of South Africans who lack bank accounts into the country’s financial system, according to reports.

Banking 49

Banking Financial Systems Startups Education 49

PYMNTS

JULY 15, 2019

Banking institutions will get “left behind” if they don’t evolve as big tech companies continue disrupting the financial system, the latest research from the International Monetary Fund (IMF) says. “ Facebook’s Libra, for instance, has said it will not offer any interest to users.

Banking 43

Banking Financial Systems Startups Currencies 43

PYMNTS

JANUARY 12, 2020

Sujith Narayanan and Sumit Gwalani, both co-founders of Google Pay India — formerly called Google Tez — said the seed funding brings the neo-bank startup epiFi to a valuation of roughly $50 million. When we were building Google Tez, we realized that a consumer’s financial journey extends beyond digital payments.

Concentration 40

Concentration Startups Valuation Financial Systems 40

PYMNTS

MARCH 3, 2020

The startup headed to Vancouver due to its diverse talent pool and skilled global workforce. It has also launched a corporate credit card for startup companies. Cosmin Nicolaescu, vice president of engineering at Brex, told the Daily Hive said the company’s focus right now is on “reimagining financial systems for growing companies.”.

Valuation 52

Valuation Startups Financial Systems Technology 52

PYMNTS

NOVEMBER 13, 2019

The branding will reflect the financial institutions and not Google. Our approach is going to be to partner deeply with banks and the financial system,” Google VP of Product Management Caesar Sengupta told WSJ. “It Code-named Cache, the accounts will be handled by Citigroup and a credit union at Stanford University.

Accounting 64

Accounting Banking Financial Systems Startups 64

PYMNTS

OCTOBER 12, 2016

Blockchain startup contests. With €15,000 in prize money ready to be handed out, BlockchainHub Graz and industry partners have announced a Blockchain Startup Contest. That money will be awarded through two categories: software and hardware startups. The Blockchain Startup Contest is the very thing that the industry needs.

Startups 77

Startups Securities Financial Systems Technology 77

PYMNTS

MARCH 10, 2020

The bank has its sights set on small businesses, startups and freelancers. From day one to today, our mission has been to make the financial system more inclusive and rebalance the economy from the bottom up.”. A new challenger bank in the U.S., While fairly common in Europe, challenger banks in the U.S. are less prevalent.

Banking 54

Banking Financial Systems Startups eCommerce 54

PYMNTS

AUGUST 10, 2017

For banks, API solutions can help older financial institutions find innovative partners and, as a result, offer newer financial services. For FinTechs, APIs can get these startups working more effectively with banks’ legacy systems instead of building new systems on their own. More APIs, More Interaction.

Banking 80

Banking B2B Startups Foreign Exchange 80

PYMNTS

DECEMBER 17, 2019

That’s one of the main messages of a new PYMNTS interview with Regio Martins, CEO and founder of nobli , which aims to enable businesses to offer more forms of collateral when seeking loans — the company’s personal loans are secured by financial collateral. In essence, nobli functions as a Credit-as-a-Service provider.

Financial Systems 54

Financial Systems Startups Treasury Banking 54

PYMNTS

DECEMBER 4, 2019

Silicon Valley startup Robinhood has signed over 10 million subscribers to its free stock-trading service, the company said in a blog post on Wednesday (Dec. We founded this company to break down barriers to our financial system,” the company said in a blog post. “As

Education 52

Education Currencies Financial Systems Startups 52

PYMNTS

OCTOBER 22, 2019

In today’s payments news, British FinTech startup Revolut is teaming with Mastercard to help it expand into the U.S. SoftBank is reportedly in advanced discussions to take over WeWork, which was once one of the hottest startups until it fizzled amid talks of a canceled IPO and internal strife. by the end of this year.

Startups 40

Startups Valuation Economics Financial Systems 40

PYMNTS

NOVEMBER 1, 2018

They will also facilitate a FinTech acceleration program to support startups that work to optimize the digital ecosystem for micro-merchants. The companies will work together to develop solutions through research, data analytics and research and development capabilities for both existing and future programs.

Technology 67

Technology Financial Systems Startups Securities 67

PYMNTS

JANUARY 23, 2020

Financial wellness technology startup Even is rolling out a new savings solution that gives users the ability to target three goals at the same time, the company announced on Thursday (Jan.

Budgeting 52

Budgeting Financial Systems Startups Accounting 52

PYMNTS

JANUARY 17, 2018

Trend Lab, a startup developing artificial intelligence (AI) solutions for the FinTech market, has revealed it secured new funding. We … translate current financial systems into smart systems, exploring the unseen values and opportunities for businesses.”. In a press release issued Tuesday (Jan.

Data Analysis 46

Data Analysis Financial Systems Startups Finance 46

PYMNTS

MARCH 22, 2019

With PSD2 becoming firmly planted in the European Union (EU), more markets are integrating the regulation into their financial systems, and prepping for changes in the ways they approach payments, data transfers and customer authentication.

Startups 69

Startups Banking Financial Systems Accounting 69

PYMNTS

DECEMBER 13, 2018

13) that it has launched Robinhood Checking & Savings, a new feature aimed at expanding its mission to overhaul the financial system in America. Robinhood, the mobile investment app company, announced Thursday (Dec. With Robinhood Checking & Savings, you can save hundreds of dollars in fees,” wrote the company.

Accounting 58

Accounting Financial Systems Startups Investments 58

PYMNTS

MARCH 26, 2018

B2B payments startup Candex announced $3.5 Candex brings the speed and ease of consumer payment apps to large businesses, leveraging a private blockchain to ensure compliance and massively streamline financial system records.”. million in new funding late last week.

Accounts Payable 43

Accounts Payable Vendor Management B2B Leadership 43

PYMNTS

JANUARY 17, 2019

And Coinbase has scooped up a California startup called Blockspring , which helps companies make use of data from application programming interfaces (APIs), according to reports. With the deal, the startup’s team will reportedly join Coinbase. With the deal, the startup’s team will reportedly join Coinbase.

Currencies 57

Currencies Financial Systems Startups Numbers 57

PYMNTS

JANUARY 17, 2020

The dawning “instant” economy are giving rise to scores of startups that isolate and streamline traditional bank services — like wiring funds — and build entire business models around them. Banks, FinTechs Race to RTP Glory. In the case of real-time payments, banks are winning the perceptual war, at least for now.

Reconciliations 61

Reconciliations Financial Systems Startups Banking 61

PYMNTS

AUGUST 4, 2019

“On the AML side, we are sharing our early experiments with domain experts to solicit feedback,” MIT researcher Mark Weber said, adding, “We are also hoping the release of the Elliptic Data Set inspires others to join the effort to help make our financial systems safer by developing new techniques and models for AML.”.

Compliance 46

Compliance Currencies Financial Systems Startups 46

PYMNTS

OCTOBER 25, 2019

American Express has partnered with Nova Credit , a credit reporting startup that operates across borders, to give expatriates and immigrants the ability to share their previous credit scores with American Express when applying for a credit card. financial system,” said Sara Milsten, senior vice president of new member acquisition, U.S.

Financial Systems 40

Financial Systems Startups Technology Numbers 40

PYMNTS

APRIL 2, 2019

billion, a move that illustrated the potential financial opportunities in the region. Funding in area startups has increased by 50 percent year on year since 2015, according to a study by Magnitt. Western restrictions have hurt bank transactions between Iran and Syria, as has Syria’s access to the international financial system.

Financial Systems 43

Financial Systems Startups Banking Investments 43

PYMNTS

OCTOBER 22, 2018

“At PayPal, we believe that everyone should have access to transparent, convenient and secure financial services,” said Mark Britto, senior vice president and general manager of global credit for PayPal , in the press release announcing the investment.

Investments 77

Investments Marketing Financial Systems Leverage 77

PYMNTS

JANUARY 10, 2020

Alphabet-Backed Healthcare Startup, One Medical, To IPO. The San Francisco-headquartered startup runs membership-based healthcare clinics and was launched by internal medicine doctor Tom Lee, who served as the company’s CEO until 2017. Having held numerous strategic positions at the third-largest bank in the U.S., may get hit hard.

Healthcare 52

Healthcare B2B Startups Risk Management 52

PYMNTS

AUGUST 1, 2018

financial system improve the ability of small businesses (SMBs) to get financing, driven in part by a decline in startup formation in recent decades. She said the “pragmatic recommendations” included in the report would make the financial system work better for entrepreneurs, no matter their business size or geographic location.

Financial Systems 40

Financial Systems Finance Economics Treasury 40

PYMNTS

APRIL 30, 2018

Nanopay CEO Laurence Cooke said the country is shaping up to leapfrog plastic-based payments altogether, with one of the most sophisticated payments systems in the world. First, authorities have brought more people into the formal financial system by lowering the bar on what it means to open a bank account.

Startups 44

Startups Banking Financial Systems Technology 44

PYMNTS

AUGUST 19, 2016

There’s an estimated 492 startups in Tokyo, with the majority serving the mobile and big data analytics sectors. Over the last 12 months, Tokyo startups have earned over $1.6 Tokyo is well-known for its strong economy and significant presence in the financial world. Making Startups Thrive. billion in funding.

Startups 41

Startups Finance Cash Management Financial Systems 41

PYMNTS

APRIL 7, 2020

banking system is built for stability and security — not speed — particularly in the aftermath of that last financial crisis when the entire financial system learned simultaneously the importance of being careful when lending money. The United States of America is the greatest startup in the history of startups.

Startups 57

Startups Banking Healthcare Treasury 57