Albo’s second round, $18 million funding was led by Peter Thiel’s VC firm Valar Ventures. The deal brought Mexico City-based Albo’s total raised to $26.1 million.
Germany-based Upvest will use the funding for not only expanding its reach but also for its API easier integration.
Tencent’s WeBank will provide the technical infrastructure needed by China in the development and deployment of its national blockchain network.
JPMorgan Chase & Co is looking to launch a blockchain-based Interbank Information Network (IIN) in January 2020 in Japan to fight money laundering and terrorism financing.
BitPay Stablecoins Payment Gateway (BPSPG) is a volatility-free payments network boosted thanks to the most popular stablecoins.
Nubank with a valuation of $10 billion is the leading force in fintech in Latin America.
The People’s Bank of China is preparing for testing its digital currency in the cities of Shenzhen and Suzhou.
OneConnect Financial Technolgy which is the blockchain and Artificial Intelligence arm of Ping An Insurance indicated the details of its $468 million IPO.
FinTechs and neobanks are prone to adopting the most innovative technologies, such as cloud computing and blockchain technology.
Rapyd, a London-based FinTech startup has got an extra $20 million in funding from Durable Capital Partners aiming to enable more customers to tap into a wide variety of financial services.
Global assets custodian State Street has decided to cut down its Decentralized Ledger Technologies (DLT) team and to focus on digital assets.
FinAccel plans to use the raised funds to expand its Kredivo service across the region and reach 10 million users.
The fintech market is still far from being named mature. In this article, we have gathered some of the trends that are likely to take place in 2020.
Singaporean government-backed blockchain accelerator Tribe has raised about $16 million for startups. In total it has already raised $28 million to support startups.
SoftBank has introduced a new debit card that comprises a built-in hot and cold crypto wallet known as SBC Wallet Card enabling users to check balances instantly and easily switch from fiat to crypto.