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.
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.
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.
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.
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.
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.
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.
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.