FintechDaily Staff – Page 298

Varo Selects Marqeta as Its Issuing Processor

American digital bank Varo has entered into a five-year issuer processor agreement with Marqeta. Founded in 2015 by former Wells Fargo executive Colin Walsh, Varo...

Ex-Revolut and Square Executive Secures $15 Million for Invoice Platform Apron

Apron, a UK startup focused on reducing the time small businesses spend on invoice processing, has successfully raised $15 million in Series A funding. Founded...

One in Three Consumers Victimized by APP Fraud

Soaring levels of authorised push payment (APP) fraud in the UK are diminishing consumer confidence in digital banking, as revealed by recent research from Visa....

West Midlands Rises as a Leading Fintech Hub in the UK

The West Midlands is increasingly recognized as one of the UK's leading fintech hubs, according to a recent report indicating that the sector provides over...

JPMorgan Gears Up for Additional Biometric Payment Trials

JP Morgan is collaborating with vendor PopID to trial facial recognition biometric payments with merchants across the United States. According to Goode Intelligence, global biometric...

Mexican Neobank Albo Raises $40 Million in Series C Funding

Mexican neobank albo has successfully secured $40 million in a growth funding round, aiming for profitability by 2024. The financing was led by Morpheus Ventures...

X Developing ‘Payments’ Button Feature

Social network X is reportedly nearing the addition of a payments button as part of Elon Musk’s vision to transform the platform into an "everything...

South African Payments Fintech Stitch Secures $25 Million in Series A Extension Funding

South African embedded payments platform Stitch has successfully secured a $25 million Series A Extension, led by Ribbit Capital. This latest round brings the total...

HSBC Takes the Lead in MarketNode’s Series A Funding Round

HSBC has led a Series A investment in MarketNode, a Singapore-based digital market infrastructure operator established by SGX and Temasek. Since 2020, MarketNode and HSBC...

Biometric Card Innovator Zwipe Withdraws from Payment Card Sector

Biometric card company Zwipe is withdrawing from the payments market due to disappointing adoption of its fingerprint-powered contactless cards. The Norwegian firm is initiating a...