Banking Finance and Insurance Institute of Nep

AltFi | July 30, 2020

Just hours after TransferWise announced a massive $319m secondary share sale that saw the company valued at $5bn, rival remittance fintech Remitly has swiftly followed suit. The fintech announced the closure of an $85m funding round, which was led by Prosus’ PayU, and which saw the fintech valued at $1.5bn yesterday afternoon. Other existing investors in the round include, DN Capital, which has invested in fintechs such as BNext and Raisin, Generation Investment Management, of which former...

FINTECH

Zilch | May 09, 2022

London-based fintech Zilch has joined the Financial Technology Association (FTA) to prioritize innovation through products and services before its upcoming launch in the US. Zilch provides alternative credit options to customers without any margin of interest. The fintech company was also one of t UK's first regulated buy-now-pay-later (BNPL) providers in the UK. Thus, it emphasizes the importance of financial health and education in its business model. FTA, with Zilch, now ha...

Wall Street | January 17, 2020

Wall Street indexes hit new record highs on Friday after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth. Market sentiment brightened this week after the United States and China sealed the Phase 1 trade deal, pausing an 18-month tariff dispute that has weighed on financial markets globally. The main indexes were on track to end with weekly gains of over 1.5% in what could be their strongest performance in 2020. Earlier in the day...

FINTECH

Finotta | July 20, 2022

Finotta, a provider of embedded fintech for digital banking, has been selected to demo its Personified platform at FinovateFall 2022, taking place September 12-14 in New York. Finotta’s Personified platform is a combination of products that help financial institutions better meet the needs of their customers directly in their mobile banking application. Finotta launched its Personified platform earlier this year in partnership with First United Bank & Trust, a $12.5 bill...