Singapore’s Instarem, a fintech startup that helps banks and consumers send money overseas at lower cost, has closed a $41 million Series C financing round to go after global expansion opportunities. The four-year-old company announced a first close of $20 million last November, and it has now doubled that tally (and a little extra) thanks […]
View More Singapore fintech startup Instarem closes $41M Series C for global growthCategory: TransferWise
Revolut CFO resigns following money laundering controversy
This hasn’t been a good week for challenger bank Revolut . The company, which offers digital banking services and is valued at $1.7 billion, confirmed today that embattled CFO Peter O’Higgins has resigned and left the business. The startup and O’Higgins have been under pressure after a Daily Telegraph report that revealed that Revolt switched […]
View More Revolut CFO resigns following money laundering controversyTransferWise applying for Brussels license in bid to navigate a ‘no deal’ Brexit
TransferWise, the London-headquartered international money transfer company, is applying for a new licence in Brussels, in a bid to navigate a possible “no deal” Brexit as the U.K. prepares to leave membership of the European Union on March 29 this year. One of the definite plusses of EU membership, and something that has undoubtedly benefited […]
View More TransferWise applying for Brussels license in bid to navigate a ‘no deal’ BrexitTransferWise keeps growing money transfers despite global turbulence
You don’t have to follow the financial technology industry or work with developers in faraway lands to know TransferWise, arguably the world’s leading peer-to-peer money-transferring startup. Thanks to its presence in more than 70 countries, low-cost rates for moving money internationally and, of course, its famous “nothing to hide” PR campaign that featured its semi-naked […]
View More TransferWise keeps growing money transfers despite global turbulenceCross-border fintech startup Instarem raises $20M for global expansion
Instarem, a Singapore-based startup that helps banks transfer money overseas cheaply, has raised a Series C round of over $20 million for global expansion. The round is led by MDI Ventures — the VC arm of Indonesian telecom operator Telkom — and Beacon — the fund belonging to Thai bank Kasikorn — as well as […]
View More Cross-border fintech startup Instarem raises $20M for global expansionTransferWise partners with Dutch challenger bank Bunq
TransferWise, the European fintech unicorn that enables low-cost international money transfer, has always had ambitions of being a platform in the truest sense. In addition to its direct to consumer app, the company offers an API for integration with other fintechs and banks, although it is fair to say that third-party integrations of this kind […]
View More TransferWise partners with Dutch challenger bank BunqTransferWise partners with Dutch challenger bank Bunq
TransferWise, the European fintech unicorn that enables low-cost international money transfer, has always had ambitions of being a platform in the truest sense. In addition to its direct to consumer app, the company offers an API for integration with other fintechs and banks, although it is fair to say that third-party integrations of this kind […]
View More TransferWise partners with Dutch challenger bank BunqFintech friends: Monzo partners with TransferWise for international payments
“So what’s going on here then?” I ask. “Two good friends just got even better [friends],” replies TransferWise co-founder Kristo Käärmann laughing, while Monzo co-founder Tom Blomfield, who is also on the video call, smiles approvingly. “Sorry for spoiling your news,” I tell the pair, who I’m interviewing ahead of an announcement today that the […]
View More Fintech friends: Monzo partners with TransferWise for international paymentsTransferWise’s next partnership could be with U.K. challenger bank Monzo
Hot on the heels of announcing that it has partnered with France’s BPCE Groupe, TransferWise could be about to unveil another partnership with a bank. According to sources, the international money transfer service and European unicorn is working with the fast-growing U.K. challenger bank Monzo. The tie-in will likely see TransferWise functionality offered within Monzo’s […]
View More TransferWise’s next partnership could be with U.K. challenger bank MonzoTransferWise partners with France’s second largest bank BPCE Groupe
TransferWise might be best known for its international money transfer app, but the European fintech unicorn has always had ambitions of being a broader platform play entirely agnostic of how you access the service. This includes providing banks with access to the TransferWise API to power their own international money transfer features. However, perhaps understandably […]
View More TransferWise partners with France’s second largest bank BPCE GroupeStarling Bank raising another £80M, ends partnership with TransferWise
Starling, the U.K. challenger bank founded by banking veteran Anne Boden, is in the early stages of raising a significant new funding round as part of plans to double down on its newly launched business current account, TechCrunch has learned. According to a person familiar with the matter, Starling is looking to raise around £80 […]
View More Starling Bank raising another £80M, ends partnership with TransferWiseUber’s European rival Taxify raises $175M led by Daimler at a $1B valuation
There’s a new unicorn in the global ride-hailing space after Taxify, a startup born in Estonia that does battle with Uber across Europe and Africa, closed $175 million in new funding that takes it valuation to the $1 billion mark. Daimler, the German automotive giant which owns Mercedes-Benz among other things, led the round. The investment […]
View More Uber’s European rival Taxify raises $175M led by Daimler at a $1B valuation