Tag: fintech

March 27, 2023 BY Steffy Bogdanova

Equals Group acquires global payments services provider Oonex

Equals stated: Oonex’s ability to issue local IBANs within the Eurozone will significantly expand the addressable market for the Group’s platform and products and fits with Equals’ strategy to enable its customers to ‘Collect globally, deliver locally, control centrally.’ The latest acquisition complements the completion of Roqqett Limited’s acquisition, earlier in January. The terms of…

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February 17, 2023 BY Alan Sayer

Fintech Firm Payoneer Receives UK FCA E-Money License

The company already holds licenses in countries such as Japan, the United States, Europe, Australia, Hong Kong, and India. Payments processed via Payoneer are made through a compliant, tightly audited, and secure payments platform supervised by financial regulators worldwide, the company states. The company said the new FCA authorisation demonstrates its commitment to the UK…

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January 24, 2023 BY Steffy Bogdanova

Plum launches its personal finance app in five European countries

According to Plum estimates, the app has 1.5 million users across Europe and has handled more than €1.79 billion. Victor Trokoudes, co-founder and CEO of Plum, commented: We’re delighted to bring Plum to five new European countries and help people manage their finances there. This is a challenging economic period as people are experiencing levels…

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January 09, 2023 BY Steffy Bogdanova

Equals completes acquisition of Roqqett

Under the terms of the deal, Equals had to make an initial £1.0 million cash payment, which as now been paid. This will be followed by three deferred payments one of up to £0.25 million in cash and two of £0.5 million, one in cash and the other in ordinary shares in Equals. According to…

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August 15, 2022 BY Steffy Bogdanova

James Hickman joins Cornerstone FS as CEO

Elliott Mannis, said: James brings a wealth of industry experience and excellent strategic and leadership skills to Cornerstone, and I am delighted that he will be our new Chief Executive Officer. He has impressed the Board with his clarity of vision, breadth of knowledge and his strong client-centric mindset. The Board believes he is a…

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July 13, 2022 BY Steffy Bogdanova

Illuminate Financial announces investment from Citi

Sandeep Arora, Head of Digital and Chief Investment Officer of Citi's Institutional Clients Group, said: Citi has a strong track-record of partnering with FinTechs to build digital solutions for our clients and believe this strategic investment will provide earlier visibility into new technologies and complement our direct investing program. Mark Beeston, Founder and Managing Partner…

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Capex and Web 3
May 26, 2022 BY Steffy Bogdanova

Fintech under Web 3 and decentralized finance

Due to these advantages of the DeFi systems, Web 3.0 can make the onboarding process more user-friendly. It can also make the storing of data safer. The list of contributing technologies to Web 3.0 can help fintechs automate processes to perform customer journey mapping and allocate resources more efficiently to meet client demands, facilitate better…

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