FintechDaily – Page 340 – Fresh Dose of Fintech News

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...

MUFG Allocates $393 Million to Filipino Fintech Mynt

Philippines-based mobile payment and credit service Mynt has achieved a valuation of $5 billion following significant investments from Japan's MUFG and local investor Ayala, each...

Swedish A2A Payments Startup Brite Secures $60 Million in Funding

Swedish account-to-account payments provider Brite Payments has successfully raised $60 million in new funding to further its expansion across Europe. In 2022, Brite more than...

Google Incorporates Greenlight Card into Smartwatch Designed for Kids

Users of Google's new kid-focused smartwatch will have the option to connect a debit card from Greenlight Financial Technology for contactless payments. Atlanta-based fintech unicorn...

ABN Amro Combines Fintech Venture Fund with Motive Partners

Motive Ventures will take over the management of ABN Amro's Venture Fund (AAV), which includes 15 early-stage fintech startups. In response to a significant decline...

NatWest Repurchases Shares from the UK Government

The British government has divested £1.24 billion of its shares in NatWest Group, reducing its stake from 26% to 22.5% in this share sale. NatWest...

Payoneer Acquires Payroll Company Skuad

Cross-border payments firm Payoneer has acquired Singapore-based workforce and payroll management company Skuad for $61 million in cash. The deal also includes an additional $20...

B2B Payments Startup GetPaid Secures $6 Million Funding with Support from ‘Tink Mafia’

Getpaid, a European payments startup focused on marketplaces and platforms, has successfully raised $6 million in a seed funding round led by Nordic investor Inventure,...