Latest

Deel Secures $300M Investment & Hits $800M Run Rate

Hey FinTech Fanatic! Deel has just announced new anchor investors, including General Catalyst and a sovereign investor, purchasing nearly $300 million in secondaries from early investors. This milestone highlights Deel’s strong momentum and the confidence investors have in its long-term vision. The company also hit a remarkable $800 million

Q&A with Drew Edwards, CEO of Ingo Money

Today, I’m excited to share my latest Q&A with Drew Edwards, CEO of Ingo Money Before diving in, I recommend: * Following him on LinkedIn, * Checking out Ingo Money to discover instant, digital, and secure ways to access your money. Let’s get to it! Let's

Coinbase Gains UK VASP Registration, Expanding Its Global Crypto Footprint

Hey FinTech Fanatic! Coinbase has secured VASP registration from the Financial Conduct Authority (FCA) in the UK, enabling the company to provide crypto and fiat services. The registration establishes Coinbase as the largest registered digital assets player in the UK market. Keith Grose, UK CEO at Coinbase, stated: "This

Visa Hits 4.7B Credentials, Sees 44% YOY Token Growth

Hey FinTech Fanatic! Visa’s latest earnings are in, and the payments giant is riding the digital wave! Payment volumes hit $4 trillion, up 9% YOY, with U.S. debit up 8%, credit up 7%, and cross-border up 11%. Digital transactions now drive over 60% of total volume. Massive Growth

Wise Expands to Mexico, Targeting $60B Remittance Market

Hey FinTech Fanatic! Wise has officially landed in Mexico! The London-based cross-border payments firm is enabling users to send money from Mexico to over 40 currencies across 160 countries. The expansion targets one of the world's largest remittance markets, where the dollar-to-peso transfer corridor has doubled in volume

UK Financial Firms to Boost Generative AI Investment to 16% by 2025

Hey FinTech Fanatic! UK financial services firms plan to increase their generative AI investment from 12% to 16% of technology budgets by 2025, according to new research from UK Finance and Accenture. The report reveals that 38% of financial institutions have developed comprehensive AI roadmaps for integration based on value,

KuCoin Faces U.S. Exit, $297M Fine After Legal Settlement

Hey FinTech Fanatic! KuCoin's operator, Peken Global Limited, will exit the U.S. market for at least two years after pleading guilty to operating an unlicensed money transmitting business. The settlement includes a $297 million penalty, and founders Chun (Michael) Gan and Ke (Eric) Tang will step down

Bitpanda Becomes First Major Crypto Firm to Secure MiCAR License in Europe

Hey FinTech Fanatic! Bitpanda has secured a MiCAR (Markets in Crypto-Assets Regulation) license from Germany's Federal Supervisory Authority (BaFin), making it the first major crypto company to do so. The company grew from 1 million users in 2019 to 6 million by December 2024, and will now operate

Nu Mexico Doubles Its Customer Base to 10 Million in Just One Year

Hey FinTech Fanatic! Nu Mexico has hit a major milestone—reaching 10 million customers, doubling its base in the last year. Since launching in 2019, Nu has expanded from a simple credit card to a full suite of financial products, including savings accounts, debit cards, and personal loans, serving nearly

UK's Open Banking Preps for 2025 with Variable Recurring Payments Launch

Hey FinTech Fanatic! The Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) have announced next steps for open banking in the UK, which now serves 11.7 million active users and processes 22.1 million monthly payments. Open Banking Limited will establish an independent central operator to coordinate variable

HSBC Shuts Down Zing International Payments App After Just One Year

Hey FinTech Fanatic! HSBC is shutting down Zing, its international payments app, just one year after launch according to Financial News. The bank had developed Zing in early 2022 with initial plans to expand into the Netherlands followed by Singapore and the United Arab Emirates. According to a person familiar

Monzo’s Next Move: New York or London? What’s Your Bet? 👇

Hey FinTech Fanatic! Monzo Bank is preparing for a potential IPO, with plans to be "IPO ready" by the end of this year, but faces internal discussions about the listing location. TS Anil, Chief Executive, is reportedly favoring a US listing, while the board prefers the London market

Barclays to Shut Down FinTech Accelerator Rise by Mid-2025

Hey FinTech Fanatic! Barclays has announced it will wind down Rise, its global FinTech accelerator program, by mid-2025. The program, launched in 2015, has produced over 120 graduates including ApTap, WealthOS, and iWarranty through its locations in London, New York, and a virtual community in India. According to a Barclays

Bench Collapses Under $65M Debt, Heads into Bankruptcy

Hey FinTech Fanatic! Accounting startup Bench has filed for bankruptcy in Canada, revealing over $65 million in debt and just $2.8 million in cash left. Founded in 2012, Bench raised $113 million from backers like Shopify and Bain Capital Ventures but couldn't stay afloat. Most of the