Monday , April 22 2024
Home / Tag Archives: FinTech News (page 2)

Tag Archives: FinTech News

PayPal Launches USD Off-Ramp Service Following Recent On-Ramp Partnership with Ledger

PayPal says that by launching the new service to USD on ramp, it hopes to simplify customer interactions with cryptocurrencies. Payments giant PayPal Holdings Inc (NASDAQ: PYPL) is expanding services offered as part of its expansion into the crypto sector. Following its launch of an on-ramp function that lets customers buy crypto, PayPal has launched an off-ramp service so that users can easily sell the crypto for USD. The company announced this in a news release published on Monday. The...

Read More »

UK Neobank Zopa Secures Another $93M in Funding

With £3 billion in deposits, over £2 billion in loans on its balance sheet, and more than 400,000 credit cards issued since its launch in 2020, Zopa has rapidly established itself as a prominent player in the UK banking landscape.  Zopa, a UK-based online banking company, has achieved a significant milestone, securing an additional $93 million in funding to fuel its growth. The investment round, primarily consisting of debt financing, marks an important step as the company prepares for its...

Read More »

Ant Group Rolls Out New Blockchain Platform for Web3 Development ZAN

ZAN is powered by technical innovations from AntChain Open Labs. Chinese fintech giant Ant Group, the creator of the world’s biggest payment platform Alipay, is expanding its foothold into the crypto industry with the launch of ZAN, a blockchain service platform aimed at both Hong Kong and global markets to simplify the complexities of blockchain technology. In a press release published on September 8, the company’s CEO Zhang Hui announced the launch of ZAN during a conference in Shanghai,...

Read More »

Klarna Records Significant Loss in First Half of 2023

Sebastian Siemiatkowski, Klarna’s CEO and founder, said that the firm is very hopeful for the second half of 2023, suggesting that the aggressive cost-cutting strategy in 2022 may now be yielding. Despite its efforts towards profitability, buy now, pay later firm Klarna has revealed that it failed to record a half-year 2023 profit. The Swedish firm, which had earlier taken measures to cut costs, confirmed that the measures did help reduce its losses by roughly 67% in the period. However,...

Read More »

Ivy Secures $20M in Funding while Taking Open-Banking Payments Global

Ivy will use these funds to expand its footprint in different regions and partner with major payment service providers thereby helping them power their own open-banking offerings.  On Thursday, August 31, Berlin-based startup Ivy announced that it secured a staggering $20 million in funding in order to take the open-banking payments international. Ivy recently built an API to create a “network of networks” for open banking payments globally. Open banking, a concept where traditional banks...

Read More »

Mukesh Ambani-backed Jio Financial Services Announces Plans to Extend Services to Insurance Industry

CoinspeakerMukesh Ambani-backed Jio Financial Services Announces Plans to Extend Services to Insurance Industry The Indian billionaire highlighted during Reliance's annual general meeting that JFS intends to further widen its financial services with global partners including Blackrock. Mukesh Ambani-backed Jio Financial Services Announces Plans to Extend Services to Insurance Industry

Read More »