Nigerian payment app and social commerce platform Abeg on Monday (July 27) rebranded itself as Pocket by Piggyvest. The rebranding coincides with news that the newly named Pocket will be granted a mobile money operator license by the Central Bank of Nigeria (CBN) after received...
South Korea’s car-sharing platform Socar is aiming for a $1.2 billion valuation in an August initial public offering (IPO) on the Korea Composite Stock Price Index (KOSPI), where 4.55 million initial shares will be priced at 34,000-45,000 won, according to media reports on Monday (June...
In today’s news, venture capital fund Presto Ventures has a new fund to help B2B startups, while delivery firm Gorillas is closing warehouses and planning to exit Belgium. VC Firm Presto Ventures Raises $36M for B2B Startups Prague-based Venture Capital (VC) fund Presto Ventures has...
On-demand grocery delivery startup Gorillas is closing its warehouses in Belgium and handing off some of its business for undisclosed terms to Belgium organic and seasonal products delivery firm Efarmz, Reuters reported on Friday (June 24). Like many delivery firms bringing supermarket food and other...
This week, the U.K. government and some regulatory agencies in the country announced changes to regulate the buy now, pay later (BNPL) sector and to review Visa and Mastercard’s cross-border interchange fees. The Bank of England sent a positive message to the crypto community after...
In today’s top stories from Europe, the Middle East and Africa, robotics company BotsAndUs gets funding, retail sales stall in the U.K. and Raisin Bank AG is acquiring the payment services division of Bankhaus August Lenz & Co. Warehouse Robotics Firm BotsAndUs Lands $13M Seed...
In the context of European banking, customers increasingly expect real-time transactions, transparent exchange rates and reasonable transfer fees. In practice, however, the way banks operate doesn’t always align with customer demand. When it comes to intra-European payments, two barriers currently inhibit the fast, free and...
In today’s top stories from Europe, the Middle East and Africa, online car retailer Cazoo has moved into Italy with its eCommerce car-buying and -selling platform. Also, Swiss regulators are looking into more protections for crypto investors in the country, cryptocurrency Tether is aiming for...
Open Banking (OB) refers to the use of open-source technology and data-sharing in the delivery of financial services. The goals of a more open financial system are to improve the banking experience for customers, as well as to increase transparency and competitiveness in the banking...