FintechDaily – Page 311 – Fresh Dose of Fintech News

German Banks to Close PayPal Rival Paydirekt

German banks are set to discontinue their PayPal competitor, Giropay/Paydirekt, in favor of supporting the continent-wide startup, the European Payments Initiative (EPI). Launched in 2015,...

B2B Payment Platform Paytently Launches from Stealth Mode

Paytently, a B2B payment orchestration platform established by industry veterans from Merrill Lynch, Checkout.com, Trustly, and TrueLayer, has officially emerged from stealth mode. The company's...

Danish Fintech Ageras Targets Acquisition Opportunities

After posting a profit for 2023, Danish accounting software fintech Ageras is looking to secure one or two significant acquisitions. Ageras, which provides accounting, banking,...

Checkout.com Faces Losses Exceeding £100 Million

Payments platform Checkout.com has reportedly incurred a £100.5 million loss in its UK operations. The company's net losses for 2022 reflect a 400% increase compared...

How Are Biometrics Revolutionizing Security in Banking?

Finextra recently spoke with Eduardo Azanza, CEO and co-founder of digital identity verification platform Veridas, about the transformative role of biometrics in the cybersecurity sector....

LatAm Payments Startup Liquido Raises $27 Million to Launch Operations

Liquido, a next-generation payments company focused on Latin America, has officially launched with $26 million in funding from Index Ventures. Founded by Shanxiang Qi, a...

Revolut Faces $20 Million Loss Due to Criminals Exploiting Payment Flaws

Malicious actors exploited a fault in Revolut's payment processing system to steal over $20 million from the financial super app in 2022, according to a...

VentureWave Secures Majority Ownership in Funderbeam

Irish private equity firm VentureWave has acquired a majority stake in Funderbeam, a blockchain-based startup for angel investors in growth companies, founded by former Nasdaq...

Wise Shares Decline Following Projections of Slower Income Growth

Shares in Wise dropped over 10% on Thursday after the money transfer company projected slower annual revenue growth. The UK-based firm's stock fell 11% by...

US Banking Startup Slash Unveils Itself After Stealth Mode

Slash, a US banking startup that connects personal and business banking for entrepreneurs, has emerged from stealth mode following a $19 million funding round led...