Upgrade upgrades to Upgrade OneCard

US-based fintech Upgrade has launched Upgrade OneCard, giving users a single card to meet all their payments needs. Cardholders use the “Pay Now” option for everyday expenses to make sure they stay within budget and avoid paying interest or fee charges, and use “Pay Later” to spread payments over time. Upgrade told finContent that it … Read more

Financial services lead the way

Financial services led the way in June on the Crunchbase Emerging Unicorn Board. A curated list of companies valued above $500m, but less than $1bn, the board now hosts 346 companies valued at more than $236bn. Financial services had the highest count of new companies on the list in June. The UK led the pack … Read more

Equity Markets Rebound (for now)

Sam Buckingham, Investment Analyst at Kingswood, commented on Monday 25 July: “Equity markets rebounded last week in what was a strong week for all major markets. Global equities ended the week up 2.7% in local currency terms and 1.6% in sterling terms. Markets have opened flat this morning. The US Treasury 10-year yield continued its … Read more

B2B BNPL platform Fairbanc raises $4.8m

Fairbanc has raised $4.8m in pre-A round led by Vertex Ventures Southeast Asia and India. The technology platform enables B2B BNPL for Indonesian micro-businesses. It is based in Indonesia and Silicon Valley. Joining in the fun were Indonesian conglomerate Lippo Companies, Asian Development Bank (ADB) and Accion Venture Lab. The Fairbanc platform means that Indonesian … Read more

Global fintech market to grow, but gradually

The global fintech market is expected to grow gradually and reach a market value of around $324bn within four years , growing at a compound annual rate of about 25.18% over the forecast period 2022-2027. The figures are courtesy of a new report from Market Data Forecast. The report said: “Fintech or financial technology is … Read more

Tokenised payment transactions to exceed 1 trillion by 2026

The total number of tokenised payment transactions will exceed 1 trillion globally by 2026. This has risen from 680 billion in 2022, a growth of 58% over the next four years. The rapid growth is due to the rise of ‘one-click’ solutions, such as Click-to-Pay, using card-on-file tokenisation to store a customer’s payment credentials. This … Read more

Fasset and Mastercard to drive digital payments for Indonesian unbanked

Fasset Technologies, a global digital asset gateway in the Middle East, is to collaborate with Mastercard to expand financial capabilities in Indonesia. Fasset and Mastercard will co-develop solutions to support and expand financial and digital capabilities across the country. This includes Mastercard leveraging its domestic and global insights to drive local adoption of new technologies … Read more

Getting Data on underbanked a stuggle says boss

Nigerian credit organisations fid it hard to source accurate data on the underbanked said CEO and founder of Carmachain, Ted Martynov. Carmachain is one company trying to put this right. It is the largest data company in Nigeria with active connections to over 80 million unique profiles. Its ambition is to decentralise data that empowers … Read more

US Inflation hits highest level for 40 years

As US inflation contiues to ride the up esculator, Dan Boardman-Weston, CEO and Chief Investment Officer at BRI Wealth Management, commented: “US inflation came in at 9.1% in June, compared to forecasts of 8.8% and core inflation crept ahead of expectations as well. Inflation is running at the highest level in 40 years due to … Read more

Over $343bn to be lost to online payment fraud over next five years

Cumulative merchant losses to online payment fraud globally between 2023 and 2027 will likely exceed a giangtuan $343bn. So says a new study from Juniper Research. The staggering fiugure equates to over 350% of Apple’s reported net income in the 2021 fiscal year. Online payment fraud includes losses across the sales of digital goods, physical … Read more

Chivo digital app becomes popular as dollar debit app

El Salvador’s Chivo digital wallet has largely failed as a digital wallet for cryptocurrency, but it just might succeed as a dollar debit app for unbanked citizens. So says US based think-tank The National Bureau of Economic Research (NBER). It calculated that just 20% citizens continued to use the country’s Chivo digital wallet after receiving … Read more

Taipei opens its arms to international startups

Taipei is on a mission to attract international startups. The Taipei City Government’s Department of Economic Development is promoting the “Soft Landing Program for International Startups.” For 2022, the first Taipei Entrepreneurs Hub (TEH) community networking event will be held at JustCo at Dian Shih Taipei on July 13 in collaboration with Fukuoka Growth Next, … Read more

GoCardless grabs Nordigen as it accelerates open banking strategy

GoCardless, a global leader in direct bank payments, is to acquire Nordigen, the freemium open banking data provider. Terms were not disclosed. Nordigen is a licensed Account Information Service Provider (AISP), regulated by the Financial and Capital Market Commission of Latvia and authorised in 31 European countries. It is based in Riga, Latvia. GoCardless, HQ’d … Read more

The Asian fintech pioneer

So how does a businessman, not a banker, start a successful fintech providing SMEs in Asia with vital banking services? finConent Editor Neil Martin has a quick chat with lawyer and entrepreneur Bertrand Théaud, Founder and Director of Hong Kong based Statrys, and asks, so how did he do it then?  Spend a few minutes … Read more