Surge Holdings

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...

PAYMENTS

Alacriti | August 13, 2021

Veridian Credit Union, a full-service financial cooperative with $5.5 billion in assets and more than 260,000 members, has selected Alacriti, an innovator in cloud-based payments and money movement services, as the platform provider that Veridian will use to enable real-time payments over The Clearing House’s (TCH) RTP® network and to accelerate their Fedwire modernization. Veridian will deploy Alacriti’s cloud-native, ISO 20022-based Cosmos Payment Services, a cos...

Mastercard | January 31, 2020

Mastercard has made a strategic investment in AI-generated identity authentication company Trust Stamp. Trust Stamp is a graduate of the 2018 Mastercard Start Path accelerator programme. The two companies introduced their first collaboration with a secure non-PII authentication network for both online and offline environments at the June 2019 ID4Africa conference in Johannesburg, South Africa. Trust Stamp's technology maps biometric identity data which is translated into a proprietary hash, ...

Starling Bank | February 10, 2020

Starling Bank has raised a further £60 million from existing backers Merian Global Investors and JTC. The investment brings the total raised by Starling to £323 million and follows two funding rounds of £105 million in aggregate led by Merian in 2019. The UK challenger bank says it will award shares to all 800 employees, incentivizing staff as it strives to meet a target for a first full year in profit by the end of 2021. Starling posted a £26.8 million loss in 2018. Anne...