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Thursday, May 26, 2022
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Hungarian fintech startup Péntech receives funding of EUR 700K

Péntech entered the market in beta mode in the autumn of 2019. Since spring 2020 the digital factoring platform is fully functional and is used by more than 300 registered users.

Ripple Expanding Global Payments Infrastructure across Asia. Innovative FinTech Firms Joining RippleNet to Digitise Global Cross-Border Payments

Blockchain tech-giant Ripple is continuing its penetration across Asian markets partnering with payment service providers in Thailand, Malaysia, and South Korea.

Understanding Stablecoins Recent Hype

A stablecoin is a class of cryptocurrency that attempts to offer price stability by being backed by a reserve asset (mainly USD so far). Tether the most relevant stablecoin was launched back in 2014 and was known as RealCoin.

N26 raises another $100M in extended Series D

N26 extended its Series D funding round to $570M, the company is now valued at $3.5B.

Are central banks going to finally create a digital alternative to cash?

According to a report from research and campaign group Positive Money, central banks should issue a digital version of cash to prevent the ‘privatization’ of money.

In 2020, European digital payments will hit $802 billion transaction value

According to data gathered by Finanso.se the European digital payments market is expected to hit a record $802 billion transaction value in 2020, which means a 9.9% yearly growth rate.

Digital wallets account for 22% of global POS spend

The evolution of the consumer payment method is reshaping payments diversely in its wake around the world. Payment preferences are as diverse as the people that use them. With a close look, we find global trends across the universe of commerce.
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Revolut CEO Nik Storonsky launches his AI-based venture capital fund

Billionaire Nik Storonsky, the co-founder of Revolut, one of Europe's largest and richest startups, plans to launch his own AI-based venture capital fund to compete with legacy venture capitalists.

This is how Klarna will merge e-commerce with physical shopping

Klarna launches "virtual shopping" where online shoppers get access to experts in physical stores.

Revolut reached 1.7 million Irish customers

Of the 5 million population, 1.7million people from Ireland use Revolut to some extent.

Money20/20 “the place where fintech communities love to do business” is back

Money20/20 "the place where fintech communities love to do business" is back