Category: Doing Business Overseas

E-commerce payments enabler SumUp raised $624 million (€590 million) in a combination of equity and debt financing this week. The funding round was led by Bain Capital Tech Opportunities. This week’s investment gives SumUp a valuation of $8.5 billion (€8 billion). In a round led by Bain Capital Tech Opportunities – and featuring participation from…

Customer relationship management provider Salesforce has announced its collaboration with GoHenry, as the necessity for financial education remains prevalent. The prepaid debit card and app, which provides financial education for six to 18-year-olds, is to leverage the technology of Salesforce, including centralised collaboration through Slack and the deployment of both its service and marketing clouds,…

Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week.  1  ESG practitioners detail top reporting challenges Nearly two thirds of senior decision makers feel their organization is underprepared to meet their environmental, social, and governance (ESG) goals and regulatory reporting mandates,…

GoCardless has launched two of its latest open banking features in Germany, offering one-off payments and fraud prevention capabilities.  The direct bank payment solutions fintech has unveiled two open banking features through the introduction of Instant Bank Pay and Verified Mandates. The fintech’s Instant Bank Pay feature allows merchants to take instant, one-off account-to-account payments…

Within embedded finance, insurance is provided as a native feature in the platform, marketplace or ecosystem. Not entirely new, bancassurance is one variant that has existed for long. In its current avatar, embedded insurance offers advantages for all involved, including tech players, carriers and consumers. A primal constraint in insurance distribution has been that purchase…

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Consumer intelligence Talkwalker has released its latest report, High Street vs Challenger Banks. It examines how the future of banking in the UK is seeing rapid and irreversible change, with challenger banks hot on the heels of high street banks. High street banks lead the way with the lion’s share of voice in the sector,…

The Fintech Times Bi-Weekly News Roundup on Thursday reveals a slew of senior hires for Mambu and  funding success for Prime Trust. Investment and funding Prime Trust, a provider of financial infrastructure for fintech firms, has raised over $100million in its Series B funding round. It has now raised more than $170million in funding. The…