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Rêv launches The X World Wallet in the US

Rêv has entered the US payments market with a new wallet ‘super app’ compatible with a range of providers. The X World Wallet is an app-based multi-currency debit account that combines a loyalty programme and a travel bookings portal and discounts with an integrated global sustainability initiative. Rêv says The X World Wallet is easy to […]

Railsbank launches in Australia, partners with Volt

Embedded finance provider Railsbank has launched in Australia via a partnership with the country’s first neobank, Volt. Describing Australia as “a highly strategic market”, the partnership enables UK-headquartered Railsbank to continue its expansion within the Asia Pacific and China region. The embedded finance market in Australia is in its infancy, but both Railsbank and Volt […]

UK fintech Updraft raises £16 million

Updraft, the personal finance fintech aiming to lift users out of debt, has launched after raising £16 million in funding. Updraft is now available on the Apple App Store and promises to automatically build a 360-degree picture of spending and borrowing using open banking and credit report data. It then provides a series of interventions […]

Zen launches in 30+ jurisdictions

Poland-headquartered fintech company Zen is now live in more than 30 countries across Europe. Zen is offering a multi-currency current account combined with Mastercard-backed payment cards in a bid to target the growing ecommerce market. The fintech company, launched by Dawid Rożek, co-founder of digital games marketplace G2A, holds a digital money licence from Lithuania’s […]

Greenwood raises $3 million to launch digital bank for Black and Latinx communities

US-based challenger bank Greenwood has raised $3 million in seed funding from private investors to launch the first digital banking platform for Black and Latinx people and business owners. Greenwood was founded by civil rights legend and former Atlanta mayor and ambassador to the United Nations Andrew J Young, and Michael Render, also known as […]

Google to launch US digital bank account with BBVA and others in 2021

Google has partnered with eight banks, including BBVA, to offer digital accounts to Google Pay users in the US. The internet company revealed late last year that it would partner with bank accounts and credit unions to launch a digital account. Along with BBVA, Google has also partnered with Bank Mobile, BMO Harris, Coastal Community […]

Starling Bank to begin lending through CBILS ‘as soon as possible’

Starling Bank is working closely with the British Business Bank to get lending through the UK government’s Coronavirus Business Interruption Loan Scheme (CBILS) as soon as possible. A spokesperson for the digital bank, which was accredited by the British Business Bank as a CBILS lender earlier this month, told FinTech Intel: “Since we were accredited […]

KPMG: Global fintech investment remains robust

Global fintech investment in 2019 fell just shy of 2018’s record with $135.7 billion invested across 2,693 deals, KPMG has reported. In its biannual Pulse of Fintech report covering the second half of 2019, KPMG said diversity characterised the period—with fintechs and investment expanding across product, sector and geographic borders. KPMG said the expanding definition […]

Paysafe appoints chief technology officer

Payments processor Paysafe, whose solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments, has appointed former Barclays managing director Sujit Unni as its new chief technology officer. In his new role, Unni is responsible for strategy, design and architecture of Paysafe’s technology. He is based in Paysafe’s London […]