FintechDaily – Page 285 – Fresh Dose of Fintech News

Mastercard Purchases Swedish Cybersecurity Company Baffin Bay

Mastercard has acquired Swedish cybersecurity firm Baffin Bay as part of its initiative to create a comprehensive protective shield for customers worldwide. Baffin Bay Networks...

Standard Chartered Overhauls FX Payments Suite

Standard Chartered has introduced SC PrismFX, a comprehensive suite of foreign exchange and payment services designed to meet the unique requirements of banks, PayTech companies,...

Mobile Bancassurance Startup Habitto Secures $3.9 Million in Funding

Habitto, a Tokyo-based startup aiming to transform money habits through a mobile bancassurance platform, has successfully raised $3.9 million in a pre-Series A financing round....

Phony XRP ETF Submission Boosts Token’s Price

A filing that suggested BlackRock was preparing to launch a spot XRP exchange-traded fund briefly caused the token's price to soar before the asset manager...

Mazepay Secures €4M to Streamline B2B Payment Solutions

Denmark's Mazepay has successfully raised €4 million to enhance its platform, which aims to streamline long-tail procurement and B2B payments. The funding round was spearheaded...

Egyptian Payment Technology Firm MoneyHash Secures $5.2 Million in Funding

Egyptian payments platform MoneyHash has secured $5.2 million in pre-Series A funding to focus on emerging markets worldwide. Flourish Ventures, a leading global fintech investor...

The Bank of London Secures $40 Million Series C Funding Extension

The Bank of London, a global startup specializing in clearing and transaction banking, has successfully raised $40 million in an extension of its Series C...

TikTok Under Increased Congressional Scrutiny in the U.S.

The US Congress scrutinized TikTok CEO, Shou Zi Chew, during a four-hour hearing as the company faces escalating demands for a ban in the United...

Stripe Reduces Workforce by 300 Employees

Stripe has recently laid off approximately 300 employees, representing 3.5% of its workforce, as reported by Business Insider. The layoffs primarily affect product, engineering, and...

Alloy, the Identity Decisioning Fintech, Expands Launch to the UK

US fintech Alloy has officially launched in the UK as part of its EMEA growth strategy and global expansion, opening a new office in London...