Month : December 2021

Snapdeal Appoints Retail Veteran Himanshu Chakrawarti as President
E-commerce News

Snapdeal Appoints Retail Veteran Himanshu Chakrawarti as President

Fintech News Desk
by Fintech News Desk0
Snapdeal Limited, India’s leading value e-commerce platform, announced the appointment of Himanshu Chakrawarti as President of the company. Himanshu will lead various functions at Snapdeal to drive the company’s Bharat-focused, value commerce strategy and steer various growth-related and operational initiatives. Prior to joining Snapdeal, Himanshu was the CEO of Unlimited Fashion......
Paylend, a Kenyan FinTech Company Raises $2 Million Seed Investment From Next Chymia Consulting HK Limited
Fintech Investment Services News

Paylend Raises $2 Million Seed Investment From Next Chymia Consulting

Fintech News Desk
by Fintech News Desk0
This investment will help Paylend grow its operation in the Kenyan market and open new markets in Tanzania, Zambia and Nigeria as part of its next 3 years growth plan Paylend, a Kenyan FinTech startup focused on providing access to finance and digitizing MSMEs in Kenya have announced that it......
Vroom Announces Amendment of Floorplan Commitment from Ally Financial
E-commerce News

Vroom Announces Amendment of Floorplan Commitment from Ally Financial

Fintech News Desk
by Fintech News Desk0
Vroom, Inc., a leading ecommerce platform for buying and selling used vehicles, announced an amendment to its inventory financing agreement with Ally Financial Inc., a leading digital financial services company, to increase the line of credit to $700 million, up from $450 million previously. Ally’s extension of additional financing supports......
OFX to Acquire 100% of Canadian Corporate Foreign Exchange Business Firma
Currency Exchange Fintech News

OFX to Acquire 100% of Canadian Corporate Foreign Exchange Business Firma

Fintech News Desk
by Fintech News Desk0
Agreement to acquire 100% of Firma for a total consideration of C$90m (A$98m), representing 9.0x Firma’s last-twelve-months (LTM) EBITDA to 30 September 2021 OFX Group Limited (OFX) announces that it has entered into an agreement to acquire 100% of Firma Foreign Exchange Corporation (Firma) for a total consideration of C$90m......
Stere Closes $2 Million Seed Funding Round led by Fin VC
Fintech Funding News

Stere Closes $2 Million Seed Funding Round led by Fin VC

Fintech News Desk
by Fintech News Desk0
Investment will enable Stere to transform the marketplace connecting insurance capacity providers with managing general agents, program administrators, and embedded insurance platforms Stere, a digital ecosystem designed to tackle speed-to-market, capacity sourcing, and other challenges faced by managing general agents (MGAs) and insurance companies in the capacity conversation, announced that......
ChangeNOW: Focusing on Customers to Build a Better Crypto World
Digital Wallet News

ChangeNOW: Focusing on Customers to Build a Better Crypto World

Fintech News Desk
by Fintech News Desk0
When asked what makes it stand out, the ChangeNOW.io team says that it is focused on fulfilling customers’ needs rather than on its own success. It is vital that the crypto industry prioritizes improving customer experiences, which will translate into a better world for crypto. If customers are a permanent source of......
OpenLeverage Launches Mainnet on Ethereum
Lending News Trading

OpenLeverage Launches Mainnet on Ethereum

Fintech News Desk
by Fintech News Desk0
OpenLeverage, a permissionless lending and margin trading protocol, announced that it would be deploying its mainnet on Ethereum. The permissionless design of the protocol will allow users to launch a leverage trading market for arbitrary trading pairs, integrating with the liquidity provided on decentralized exchanges. OpenLeverage has announced that it......
SMC Retains Buckman, Buckman & Reid to Provide Investment Banking and Up Listing Advisory Services
Banking Fintech News

SMC Retains Buckman, Buckman & Reid to Provide Investment Banking and Up Listing Advisory Services

Fintech News Desk
by Fintech News Desk0
SMC Entertainment, Inc. and its 100% wholly owned subsidiary Genesis Financial, Inc., a diversified financial services company with a focus on fintech-powered wealth management advisory services, are pleased to announce that they have retained Buckman, Buckman & Reid, Inc. (“BB&R”) to provide investment banking services, help in facilitating a capital......
UnionPay International Targets Growth in Contactless Payment Adoption by Smaller Merchants in Southeast Asia
Digital Payments News

UnionPay International Targets Growth in Contactless Payment Adoption by Smaller Merchants in Southeast Asia

Fintech News Desk
by Fintech News Desk0
UPI’s first SoftPOS solution demonstrates its innovation and vision to expand contactless acceptance among smaller merchants in the region UnionPay International (UPI) has introduced its SoftPOS (Point-of-Sale) solution for the first time using a payment technology powered by the world’s leading SoftPOS player Soft Space. The SoftPOS solution to be......
IDEX Alleviates Long-Standing DeFi Failures with v3 Hybrid Liquidity Launch on Polygon
Cryptocurrency DeFi News

IDEX Hybrid Liquidity Eclipses $100 Million in Two-Week Trade Volume Following v3 Launch

Fintech News Desk
by Fintech News Desk0
World’s First Hybrid Liquidity DEX Eyes Competition Against AMM, Order Books  IDEX, a leading decentralized cryptocurrency exchange (DEX), has announced that its v3 Hybrid Liquidity DEX generated more than $100 million USD in trade volume in its first two weeks. At the time of writing, over 30,000 unique wallets have......
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