Splitit Joins Visa Ready for BNPL to Enable Flexible BNPL Payments

By joining Visa Ready for BNPL, Splitit is helping lenders and merchants provide their clients around the world with seamless BNPL payment options Splitit Payments Limited (“Splitit” or the “Company”) (ASX:SPT,OTCQX:SPTTY), the only card based installments platform that empowers shoppers to use their existing credit card, announced today it joined the Visa Ready for BNPL program. Through its work with Visa, Splitit provides consumers with a flexible payment option and the transparency, control, and budget...

Stori, a top Mexico fintech, raises $200M in financing

Credit card-led fintech Stori announced today that it has closed one of the largest Series C equity financing rounds in¬†Latin America¬†to date, accompanied by a debt raise that will be used to fund Stori’s rapidly growing credit card portfolio. The¬†$125M¬†over-subscribed Series C round was co-led by global VC GGV Capital and growth-stage investor GIC. They were joined with significant investments from prominent consumer tech-focused funds General Catalyst and Goodwater Capital.¬†Mexico-based Tresalia Capital also participated, making...

Visa Makes Strategic Investment in Fintech expert Deserve

Visa investment to accelerate Deserve’s mission to modernize the credit card stack Deserve, a fintech company transforming credit cards into mobile-centric software, announced today it has received a strategic investment from Visa to expand access to Deserve’s credit-card-as-a-service for financial institutions, fintechs and brands. Visa joins other notable investors including Mission Holdings, Mastercard, Ally Ventures, Goldman Sachs Asset Management and Sallie Mae in advancing Deserve’s mission to modernize the credit card stack. “This investment validates the industry’s embrace of a digital-first, embedded approach...

Crypto Miners Reap the Benefits of a favorable market climate

This year has been crucial for the future of the cryptocurrency and blockchain markets. Overall, the approach of financial institutions, businesses and even certain governments has significantly changed in recent years, as commercial payments are slowly warming up to the prospects of Bitcoin. One of the major reasons for this is that a Bitcoin payment is faster, cheaper, safer and less volatile than the local currencies in many countries. In addition, some of the problems...

ITILITE partners with ICICI Bank to offer commercial credit card

ITILITE, an all-in-one business travel and expense management platform, today announced an exclusive tie-up with ICICI Bank to issue commercial credit cards to businesses in the country. With this, companies can now get an¬†‘ICICI Bank Central Travel Account Card (CTA card)’¬†and make travel bookings for employees seamlessly at a discounted rate on the ITILITE platform. As part of the partnership, the bank will issue the CTA card to businesses and offer them a credit period...

MRV Banks & Vervent Launch the Revvi Card

Vervent is proud to announce the launch of MRV Banks’ all new Revvi card. Vervent helped bring this great new credit card to the market as the full-service credit card program management partner for MRV Banks. The Revvi card is designed for sub-prime customers who are looking for the perfect credit card but have not-so-perfect credit. Vervent partnered with MRV Banks on the Revvi concept, guiding program development, underwriting & risk modeling, design & full...

Even Financial to Acquire Birch Finance

Strategic acquisition following Series A allows Even to rapidly scale its offerings within the credit card space Even Financial (“Even”), the leading search, comparison and recommendation engine for financial services, announced today that it is acquiring Birch Finance (“Birch”), an award-winning personal finance app that helps everyday consumers find the best credit cards and optimize their rewards. Birch is a San Jose-based technology startup that offers a mobile and web application that makes finding the...

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