AI Lending Startup Parlay Finance Secures $2M to Reinvent Small Business Loans
“Securing this seed funding is a strong vote of confidence in our mission to transform the outdated, manual lending systems that banks still rely on today,” said Founder and CEO Ted Willich. “We are excited to work with JAM FINTOP, a partner that shares our vision of modernizing financial services through practical innovation.” The startup’s […]
Klar Cashes In: Mexican Fintech Scores $190M, Nears Unicorn Status
According to Klar CEO and co-founder Stefan Möller, the fresh funding will fuel the expansion of Klar’s product suite and support its push into new verticals. “We want to become the go-to digital financial institution in Mexico,” said Möller in a statement. “Our mission has always been to democratize access to banking services, and this […]
Fintech Titans Rally Behind CFPB’s Open Banking Revolution
The CFPB’s open banking rule—finalized in October 2024 under Section 1033 of the Dodd-Frank Act—seeks to give consumers more control over their financial data. The rule mandates that banks and financial institutions must provide consumers with the ability to access and securely share their financial information with third-party fintech apps and platforms. It’s a move […]
GInsure Breaks Barriers with 51M Policies Issued via GCash
This growth is not only a testament to GCash’s aggressive push into the insurtech space but also an indicator of growing trust in digital financial services among everyday Filipinos. With insurance penetration in the country historically under 2%, GInsure’s impact is substantial. By removing barriers such as paperwork, in-person consultations, and high premiums, GCash has […]
Singapore Unites Payments Power: New Entity to Turbo‑Charge National Schemes
The new payments governance body—informally referred to as SPaN (Singapore Payments Network)—will not alter the technical operations of existing schemes. Instead, it will centralize policy, innovation, and operational oversight to better serve consumers, banks, merchants, and fintech players alike. The board of the entity will include members from MAS and key financial institutions to ensure […]
TBC Bank Boosts Uzbek Fintech Play With BILLZ Acquisition to Target SMEs
The acquisition, which includes the option to increase TBC’s stake to 60% over the next two years, values BILLZ at approximately $20 million. BILLZ provides comprehensive software-as-a-service solutions for retailers, including point-of-sale systems, inventory management, CRM tools, e-commerce integration, analytics, and marketing automation. The platform currently serves over 4,000 retail businesses, processing more than 1.5 […]
Singapore’s MAS Hits Five Payment Firms With S$960K in AML Failures
The financial penalty follows MAS’s supervisory examinations which revealed significant control lapses in the firms’ AML/CFT frameworks. These lapses included failure to perform adequate customer due diligence (CDD), incomplete information on wire transfers, and insufficient verification of beneficial owners and authorized representatives. The five penalized entities are: According to MAS, these firms breached multiple obligations […]
Unregistered Lending Platforms Zada Cash & Bloom Cash Slammed by Philippine SEC
The halt affects thousands of borrowers who may now face disruptions in their loan applications or repayment processes. The SEC strongly advises the public to refrain from engaging with Zada Cash and Bloom Cash, citing significant concerns regarding user safety, data privacy, and financial transparency. These platforms, operating without the proper legal framework, fall outside […]
Pine Labs Targets $6 Billion Valuation in Landmark India IPO
According to reports, the IPO will include a fresh issue of shares worth up to ₹2,600 crore (approximately $304 million), while the remaining portion will be an offer for sale (OFS) by existing shareholders. The total IPO size is expected to range between ₹5,000 crore and ₹6,000 crore (~$600–720 million), with the company targeting a […]
Revolut Makes Bold Move Into Latin America With Cetelem Argentina Deal
Founded in 2015, Revolut has quickly risen to become a dominant global fintech player, offering a broad suite of digital financial services including multicurrency accounts, money transfers, crypto trading, and budgeting tools. With more than 40 million users globally, the London-based company has long been eyeing Latin America as its next big growth market. It […]
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