FinTech

Financial technology, often shortened to fintech, is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance.

Klarna to Cut About 700 Jobs Due to Inflation, War

Klarna to Cut About 700 Jobs Due to Inflation, War
Klarna to Cut About 700 Jobs Due to Inflation, War
May 23, 2022  |  Economy

Swedish buy now, pay later (BNPL) FinTech Klarna will lay off about 10% of its staff due to the effects of inflation and the Russia-Ukraine...

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The Data Point: 98% of Businesses Say Automated AP Speeds Payables, Fuels Growth
The Data Point: 98% of Businesses Say Automated AP Speeds Payables, Fuels Growth
May 23, 2022  |  Accounts Payable

Growing payments volume is one sign of a healthy business, provided businesses can suitably service increasing mass-payout needs without crimping growth with legacy methods. Get...

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FinTech equipifi Raises $12M for BNPL Bank Service
FinTech equipifi Raises $12M for BNPL Bank Service
May 23, 2022  |  Investments

FinTech equipifi has raised $12 million in a Series A funding round to continue rolling out its white-label buy now, pay later (BNPL) service to...

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FinTech MatchMove Pay Buys eCommerce Startup Shopmatic
FinTech MatchMove Pay Buys eCommerce Startup Shopmatic
May 22, 2022  |  Partnerships

MatchMove Pay, a Singapore FinTech, has bought eCommerce startup Shopmatic, also from the same country, for $200 million, a report said. Get the Full Story...

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Auto FinTech Caribou Valued at $1.1B After $115M Funding Round
Auto FinTech Caribou Valued at $1.1B After $115M Funding Round
May 20, 2022  |  Investments

Caribou, a FinTech that focuses on automobile installment loan payments, has completed a $115 million Series C funding round, according to a Friday (May 20)...

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Former PayPal Ventures Exec Peggy Mangot Joins JPMorgan Chase
Former PayPal Ventures Exec Peggy Mangot Joins JPMorgan Chase
May 19, 2022  |  Personnel

Peggy Mangot, who has experience with PayPal Ventures, is the new JPMorgan Chase head of FinTech partnerships for commercial banking, a press release said Thursday...

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Today in FinTech: Airtel Africa’s SmartCash Launches; OPay, Mastercard Team for Financial Inclusion
Today in FinTech: Airtel Africa’s SmartCash Launches; OPay, Mastercard Team for Financial Inclusion
May 19, 2022  |  Technology

In today’s FinTech news, SmartCash Payment Service Bank, a unit of Airtel Africa, brings digital financial services to Nigeria, while OPay and Mastercard partner to...

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$45B Stablecoin Rout Confirms Worst Fears about Crypto’s Need for Reserves
$45B Stablecoin Rout Confirms Worst Fears about Crypto’s Need for Reserves
May 19, 2022  |  Cryptocurrency

The spectacular collapse of a top-three stablecoin last week has erased $45 billion and left crypto with a confidence crisis that goes far deeper. Get...

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