May 02, 2024
Banyan to Add Item-Level Data Capabilities to WEX Virtual Payments
Banyan has announced a new partnership with WEX. “As a B2B FinTech whose purpose is to simplify the business of running a business, WEX helps solve operational complexities and streamline...
May 02, 2024
UK’s Non-London FinTechs Fight for Funding
In the north of England, the Manchester area has a booming FinTech startup community. But as Bloomberg News reported Thursday, these companies are having trouble attracting the attention of the country’s funding...
May 01, 2024
Lemonade Sees AI Drive Efficiency as Insurance Goes Digital-First
Digital insurance platform Lemonade said its AI investments continue to bear fruit. The company’s latest shareholder letter — while reporting a 25% increase in total revenues and a $47 million net loss, an...
May 01, 2024
Payments FinTech SumUp Gets $1.6 Billion Private Credit Loan
British payments FinTech SumUp is reportedly looking to expand following a $1.6 billion loan. The private credit package will allow SumUp “to refinance existing debt, as well as have firepower to take advantage...
May 01, 2024
Meet the 2006 Payments Startup That Took ACH Payments Global
Cross-border payments circa May 2024 have become a highly specialized sector of the payments industry. Look at the activity in this space, even year-to-date, and you’ll see companies like the Solana...
April 30, 2024
Middle Market Emerges as Underserved Opportunity for Financial Services
The financial services industry tends to think at opposite ends of the spectrum when it comes to business customers. Solutions providers, banks and credit card companies tend to pay a lot of...
April 29, 2024
Venezuelan Opposition Politician Warns of Crypto Use for Money Laundering
Venezuela is reportedly expected to increase its use of cryptocurrency when the United States reimposes oil sanctions on the country beginning June 1. A Venezuelan opposition politician, Leopoldo Lopez, and a...
April 29, 2024
Customer-First Focus Unlocks Financial Technology Innovation
With the right technology, businesses can unlock critical insights hidden in their own customer data, Galileo CEO Derek White writes in the new PYMNTS eBook, “The Implications of Uncertainty.” ...
April 28, 2024
Report: Middlemen Handle 50% of Russia’s Payments to China
Sanctions on payments between China and Russia have reportedly created a thriving market for middlemen. In fact, half of all payments by Russian companies for Chinese products are now handled...
