3 trends for Revamping the Fintech space

Fintech has always kept everybody on their toes, right from the time it has evolved. The past few decades of the Fintech Industry has seen entrepreneurs sprinting to be creative and evolve the Fintech processes in order to outdate any technological gaps. Let us check out some of the trends which will re-innovate Fintech industry thus pushing down and creating immense space for agility especially in the Fintech start-up sectors. 1. Going the Quantum Way...

Wise MPay Partners with Jelurida to launch Blockchain Financial Services Platform

Singapore-based global payments technology company, Wise MPay, are working with renowned blockchain experts, Jelurida, to launch a public-permissioned blockchain financial services (BFS) platform. With KPMG research showing 27% of Southeast Asians own a bank account while local mobile connections outnumber the population by 33%, the region is ripe for a revolution in access to digital finance. Coalculus is aiming to launch in September 2019 as JPL-compliant software that brings cutting-edge digital payment, remittance, and ATM solutions to governments, banks, and...

Future FinTech Announces Submission of Compliance Plan to NASDAQ

Future FinTech Group Inc. (NASDAQ: FTFT; the “Company”), a financial technology company and integrated producer of fruit-related products, today announced that on June 14, 2019, the Company submitted its plan of compliance in connection with its failure to timely file the annual report on Form 10-K for the period ended December 31, 2018 and the quarterly report on Form 10-Q for the period ended March 31, 2019 (the “Delinquent Filings”) to NASDAQ. On April 17, 2019 and May 21, 2019, the Company received notification...

B2B Fintech Startup Razorpay Raises $75 Mn From Ribbit Capital, Sequoia

B2B fintech startup Razorpay has reportedly raised $75 Mn (INR 525 Cr) in a Series C round of funding co-led by Ribbit Capital, the US-based financial technology investment firm and Sequoia India, taking the total funding raised so far by the B2B fintech startup to $106.7 Mn. Existing investors New York-based Tiger Global Management and Y Combinator’s Continuity Fund also participated in the latest funding round. The reports around Razorpay raising a funding round of...

Inclusive Fintech 50 List Announced

Accion, a non-profit that seeks to boost financial inclusion aroundn the world, has announced the “Inclusive Fintech 50” list recognizing Fintechs that are helping to accomplish the goal of inclusion. The project has been completed in partnership with the MetLife Foundation, Visa, and the IFC. Accion states that the winners reach a combined 8 million customers with approximately 30% of the winners provide credit products to underserved segments including MSMEs, and approximately 25% percent offer...

Fireblocks emerges from stealth mode with $16 Million in funding

Fireblocks (www.fireblocks.com), an enterprise platform for securing digital assets in transit, announced today its launch out of stealth mode with $16 million in Series A funding from Cyberstarts, Tenaya Capital, Eight Roads (the proprietary investment arm of Fidelity International), Swisscom Ventures and MState. Fireblocks’ customers, which count some of the largest institutional digital asset trading operators like Galaxy Digital, Genesis Global Trading and more, use the platform to safeguard the digital assets in its portfolio as it is moved across exchanges, OTCs,...

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