Qraft Technologies Closes $146Mn Investment from SoftBank Group

AI enabled fintech company Qraft Technologies, Inc. (“Qraft” or “the company”) today announced that it has closed a US$146 million investment from SoftBank Group Corp. (“SoftBank”), which includes primary growth capital and secondary capital that will be used to fund share purchases from investors. The proposed transaction is expected to accelerate Qraft’s ongoing expansions into the US and China, while the two parties will also embark upon strategic projects that aim to pursue the possibilities of developing...

Life Insurance Insurtech Pendella Selected As Top 10 Startup

Pendella Technologies, a fast-growing technology company on a mission to take the bias out of life insurance, has been named a Top InsurTech Startup of 2021 by Insurance CIO Outlook. According to the publication, Pendella is one of 10 insurtech startups chosen this year by a distinguished panel of CEOs, CIOs, VCs, analysts and the Insurance CIO Outlook editorial board. Insurance CIO Outlook presented the winners, which also included prominent insurtechs Lemonade, Next Insurance and MetroMile, in its December...

MoonPay, Closes $555 Million Funding

FinancialNewsMedia.com News Commentary – Leading crypto payments infrastructure provider, Moonpay just closed a $555 million Series A financing to rapidly accelerate its global footprint, invest in its world-class team, and underwrite an expanding number of innovations in the crypto economy. The funding, which has sent the crypto start-ups’ valuation to $3.4 billion marks yet another massive funding in the crypto space. Not only is funding in the space increasing, but crypto is also becoming more mainstream with institutional and even traditional investors...

Bexs Banco & Thunes to Enable Real-time Payments to Brazil

Thunes, a Singapore-headquartered global payments company, today announced a partnership with Brazil’s Bexs Banco (“Bexs”), a pioneer in international digital payments, to help global businesses and customers make real-time payments to Brazil, including payments to Pix, the instant payment system developed by Brazil’s Central Bank. With this partnership, Brazilian recipients will be able to enjoy increased speed and transparency of inbound transactions processed by Thunes. Those using Pix will receive payments instantly. Since launching in November 2020, Pix has already gained more than 112...

PayOp announces partnership with virtual banking company PayDo

On 18 November, the international online payment aggregator PayOp announced the start of cooperation with online banking PayDo Two fintech companies, PayOp and PayDo, have confirmed their collaboration in the field of financial services. The partnership between firms will provide a unique payment acceptance and processing platform for both businesses and individuals worldwide. The main aim of this cooperation is to improve payment instruments and increase their efficiency, therefore contributing to the development of the...

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