Uzbekistan’s mobile-exclusive bank, TBC Bank Uzbekistan, has raised $37 million to bolster its footprint in the Central Asian nation. © 2024 TechCrunch. All rights reserved. For personal use only.
Category: Fintech
Chime, digital banking, Fintech, Global IT News, Global Security News, IPOs, IPOs 2025, Startups
$25 billion valuation Chime takes another step towards an IPO
Digital bank Chime has reportedly filed its confidential IPO paperwork with the SEC, with an eye toward a 2025 debut. © 2024 TechCrunch. All rights reserved. For personal use only.
Fintech, funding societies, Fundraising, Global IT News, Global Security News, SoftBank Vision Fund 2, Southeast Asia
‘We want to pay it forward’: Funding Societies raises $25M to boost capital for SMEs in Southeast Asia
Small and medium-sized enterprises (SMEs) account for nearly 50% of Southeast Asia’s GDP, contributing to job creation, innovation, and overall economic expansion. Nevertheless, as in other parts of the world, SMEs in Southeast Asia face challenges when it comes to sufficient working capital. In a nutshell, SMEs are typically deemed too risky for traditional banks…
Fintech, Fundraising, Global IT News, Global Security News, India, Mobikwik
India’s MobiKwik surges 82% in market debut
Shares in digital payments firm MobiKwik surged 82% to ₹507.5 ($6) on their first day of trading, as the Indian fintech company made its market debut amid fierce competition from larger rivals. The listing pushed MobiKwik’s market value to $464 million, well above its initial target of $250 million for the public offering. The valuation…
block, bob lee, Cash App, Fintech, Global IT News, Global Security News, TC
Bob Lee verdict: Cash App creator’s killer found guilty of second-degree murder
A San Francisco jury has found Nima Momeni guilty of second-degree murder in the stabbing of Bob Lee, the Cash App creator and former CTO of Block, according to NBC News Bay Area on Tuesday. The jury found Momeni not guilty of first-degree murder, meaning jurors decided the murder of Lee was not premeditated. Lee…
block, bob lee, Cash App, Fintech, Global IT News, Global Security News, TC
Cash App creator Bob Lee’s killer found guilty of second-degree murder
A San Francisco jury has found Nima Momeni guilty of second-degree murder in the stabbing death of Bob Lee, the Cash App creator and former CTO of Block, according to NBC News Bay Area on Tuesday. The jury found Momeni not guilty of first-degree murder, meaning jurors decided the murder of Lee was not premeditated.…
Fintech, Global IT News, Global Security News, juicyway, mynt, stablecoin, TechCrunch Fintech, Upvest
This fintech processed $1B in payments through word-of-mouth
Welcome to TechCrunch Fintech! This week, we’re diving into: P.S. We’re taking time off for the holidays! TechCrunch Fintech scribe Mary Ann Azevedo will be back in your inbox on January 7. ❄️ The big story How stablecoin technology can power billions in cross-border transactions Juicyway is an African fintech that’s leveraging stablecoin technology to…
Apps, AstroPay, Fintech, foreign exchange, Global IT News, Global Security News, LATAM, multi-currency wallet, payment, Startups
Popular LatAm digital payment service AstroPay launches multi-currency wallet
AstroPay has been around since 2009. The bootstrapped company currently has 320 employees and is profitable. And yet, it’s not a name that comes up often in startup news. The company originally started its life as a payment service provider focused on Latin America — an alternative payment method that you would find next to the…
Bitcoin, Crypto, ethereum, Fintech, Global IT News, Global Security News, HRIS, Remote, USDC
Remote enables USDC crypto payouts for contractors
Getting paid in cryptocurrencies may sound like a bad idea, but this could be an actually useful feature for international contractors. Remote, the company that lets you hire people and manage contractors all around the world, is introducing crypto payouts on Tuesday. Companies based in the U.S. can start paying their contractors with stablecoins in…
Fintech, Fundraising, Global IT News, Global Security News, payments, volume
While some account-to-account payments players falter, Volume raises fresh cash
Online merchants can usually pay up to 8% of every sale on an item to companies like PayPal, Apple Pay, and Stripe — and those costs are usually passed to consumers. So-called ‘account-to-account’ or ‘A2A’ payments can cut transaction fees to below 1%, saving merchants and consumers quite a bit of cash. The difficulty has been…
aye finance, Fintech, Global IT News, Global Security News, India, IPOs, Startups
Alphabet-backed Indian lender files for IPO
Alphabet’s CapitalG-backed Aye Finance, a lender focused on India’s micro, small, and medium enterprises, is seeking to raise $171 million from its initial public offering, it disclosed in a filing Tuesday. The offering comprises a $104 million fresh share issue and a $67 million secondary sale by existing investors, with proceeds aimed at expanding the…
Fintech, Global IT News, Global Security News, nubank, tyme, TymeBank
Nubank leads $250M round in African digital bank Tyme at $1.5B valuation
Tyme Group, a South African-born fintech operating in the African country and the Philippines, has secured $250 million in a Series D round, pushing its valuation to $1.5 billion. The funding was led by Nu Holdings (which owns NuBank), Latin America’s most valuable fintech, which invested $150 million for a 10% stake. M&G Catalyst Fund…
Africa, Crypto, Fintech, Global IT News, Global Security News, juicyway, stablecoin, Startups
This stealthy African stablecoin startup already processed over $1B in cross-border payments
Juicyway, an African fintech that leverages stablecoin technology to power fast and cheap cross-border payments, is launching out of stealth after processing over $1 billion in transaction volume for thousands of African businesses over the last three years. The fintech claims to have processed over 25,000 transactions, generating $1.3 billion in total payment volume (TPV)…
cybercriminals, Cybersecurity, Data Security, Europe, Fintech, Global Security News, iam, Identity & Access, identity access manager, Security Awareness, Security Boulevard (Original), Social - Facebook, Social - LinkedIn, Social - X
Digital Finance: How Do Banks Protect Their Customers’ Money and Data from Cybercriminals?
Cybercriminals are employing increasingly sophisticated methods to access our money and data, making this issue particularly relevant for large European banks, where significant financial assets are concentrated. The post Digital Finance: How Do Banks Protect Their Customers’ Money and Data from Cybercriminals? appeared first on Security Boulevard.