FintechDaily – Page 69 – Fresh Dose of Fintech News

UK’s IoD Launches Fintech Initiative

The UK's Institute of Directors has launched a special interest group aimed at enhancing the country's fintech sector. The IoD Finance and FinTech Group was...

Zirtue Clinches the ‘America’s Got Access’ Title

Relationship-based lending app Zirtue has won the $100,000 top prize at Money20/20's new startup pitch competition, 'America's Got Access.' Hundreds of startups applied to participate...

MangoPay Acquires Nethone to Strengthen Fraud Protection for Marketplaces

MangoPay, a European payment technology provider focused on marketplaces and platforms, is acquiring Nethone, an AI-driven fraud detection and prevention company. This acquisition will enable...

Wealth Management Startup Sidekick Secures £3.33 Million in Pre-Seed Funding

The UK investment and wealth management sector is about to welcome a new competitor: Sidekick, a fintech startup co-founded by former Pariti founder Matthew Ford....

Portugal’s Fintech Industry Reaches €1 Billion Milestone

According to the Portugal Fintech Association's annual report for 2022, fintechs have collectively raised €1.08 billion to date. Blockchain and crypto-based firms have been the...

Yahoo Acquires Social Investing Platform Commonstock

Yahoo has acquired Commonstock, a social platform designed for retail investors to connect their brokerage accounts, enabling them to share their portfolio performance and discuss...

Saudi Wealth Fund Unveils $24 Billion Technology Fund

A sovereign wealth fund led by Saudi Crown Prince Mohammed Bin Salman has announced a $24 billion investment fund targeting the Middle East tech sector....

Rise of Predatory Lending Apps on Apple App Store and Google Play

Cloud security company Lookout has identified nearly 300 loan applications available on Apple's App Store and Google Play that engage in predatory practices, including the...

Egypt’s Money Fellows Secures $31 Million to Digitize Savings Circles

Egyptian fintech Money Fellows has successfully raised $31 million for its mobile-based platform that facilitates money circles. This system allows groups of individuals to contribute...

Ethical Lender Plend Secures £40 Million in Funding

Plend, a UK-based ethical lender that is revolutionizing the traditional credit system by utilizing open banking data for lending decisions, has successfully secured £40 million...