News

International
This Week in FinTech Ukraine: Revolut Raises $10.9M for War Victims; Uber to Launch In-App...
March 11, 2022

Revolut, the global financial super app, has raised more than 10 million euros ($10.9 million) to support victims of the war in Ukraine through donations to the Red Cross Ukraine appeal, the Stockholm-based company announced. Get the Full Story Complete the form to unlock this...

Investments
French InsurTech +Simple Snags $98M for Expansion, Consolidation
March 11, 2022

French InsurTech +Simple brought in 90 million euros ($98.2 million) and acquired three European companies to expand its platform, which operates as an insurance robo-broker for freelancers and small- to medium-businesses, according to a EU-Startups.com report on Friday (March 11). Get the Full Story Complete...

Fintech Investments
MoneyGram, Stellar Foundation Team with Techstars on a LatAm Blockchain Accelerator
March 11, 2022

The Stellar Development Foundation (SDF) and MoneyGram International Inc. (MG) have formed a partnership with Techstars, the global network that helps entrepreneurs succeed with investments of capital, and will launch a mentorship program aimed at Latin America’s financial system, the companies announced Friday (March 11). Get the Full Story...

B2B Payments
Happiness Development Unveils $6.7M Direct Offering for B2B Auto Business
March 11, 2022

Automotive sales and eCommerce company Happiness Development Group Limited on Friday (March 11) inked a securities purchase agreement with overseas strategic investors for a registered direct placement of about $6.7 million, according to a company press release. Get the Full Story Complete the form to...

B2B Payments
83% of Businesses Say Third-Party Software Applications Are Critical Part of Operating Strategy
March 11, 2022

Application programming interfaces (APIs) for payments orchestration can help businesses more easily add new capabilities to their tech stacks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Regulation
Brazil Imposes Stricter FinTech Rules
March 11, 2022

The Central Bank of Brazil unveiled stricter regulations for FinTech firms Friday (March 11), imposing regulations based on the size and complexity of these companies and creating tougher standards for required capital. Get the Full Story Complete the form to unlock this article and enjoy...

Regulation
EU Data Strategy May Facilitate Open Finance in Europe
March 11, 2022

Since 2016, the European Commission has been designing a data strategy that aims to facilitate companies’ access to vast amounts of data they couldn’t access on their own, Nicolo Zingales, Professor of Information Law and Regulation, told PYMNTS about how the EU — with the...

International
Today in FinTech Ukraine: Revolut Raises $10.9M for War Victims; Santander Bank Suspends Fees on...
March 11, 2022

Revolut, the global financial super app, has raised more than 10 million euros ($10.9 million) to support victims of the war in Ukraine through donations to the Red Cross Ukraine appeal, the Stockholm-based company announced. Get the Full Story Complete the form to unlock this...

Payment Methods
Illinois Bill Seeks to Limit App Stores’ Control Over Payments
March 11, 2022

The groundswell against the app stores and their commissions comes to the states. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....