Edition:
United Kingdom

Anna Irrera

UK digital bank Monzo takes first steps into U.S. market

13 Jun 2019

NEW YORK/LONDON Fast-growing British digital bank Monzo is launching in the United States through a limited rollout of its app-based checking account and connected debit card, it said on Thursday.

Visa looks to speed up cross-border payments with new network launch

11 Jun 2019

NEW YORK, June 11 Visa Inc has launched a new network to help financial institutions process cross-border payments globally on behalf of corporate clients faster and at a lower operational cost, it said on Tuesday.

PayPal backs Swedish financial tech startup Tink

04 Jun 2019

NEW YORK PayPal Holdings Inc has invested 10 million euros (£8.9 million) in Tink, a Swedish company that enables banks and financial technology startups to access financial data more easily, the companies said on Tuesday.

TransferWise closes $292 million secondary funding round at $3.5 billion valuation

23 May 2019

Money transfer startup TransferWise has closed a $292 million secondary funding round which doubles its valuation to $3.5 billion, the company said on Wednesday.

U.S. smartphone financing tech startup PayJoy raises $20 million

23 May 2019

NEW YORK PayJoy, a startup that has developed smartphone technology to facilitate access to credit in emerging markets, has raised $20 million from venture capital firm Greylock Partners, the company said on Thursday.

Exclusive: Banks to invest around $50 million in digital cash settlement project - sources

17 May 2019

NEW YORK Several of the world's largest banks are in the process of investing around $50 million to create a digital cash system using blockchain technology to settle financial transactions, according to people familiar with the plans.

Wells Fargo and Barclays back fintech company OpenFin

16 May 2019

NEW YORK Financial services software startup OpenFin has raised $17 million in a funding round led by Wells Fargo & Co with participation from Barclays, the company said on Thursday.

Digital banking startup Aspiration seeks new funding round

17 Apr 2019

NEW YORK Aspiration, a digital banking startup that allows customers to choose whether to pay fees, is embarking on its largest ever fundraising round, its chief executive, Andrei Cherny, told Reuters.

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