Tagged: covid-19

Silicon Valley Fintech Unicorn Brex’s Co-Founder Says Startup Space Is Booming Again in Post COVID Environment

Henrique Dubugras, Co-Founder at Brex, a Silicon Valley-based Fintech Unicorn, recently noted that companies were forced to cut many jobs and were also more focused on retaining customers following the COVID-19 outbreak earlier this year. Dubugras now claims that the startup space is booming once… Read More

Kazakhstan based Fintech Kaspi.kz Says its Business Is Performing Well After London Stock Exchange Listing

Most of the staff members at Kazakhstan-based Fintech firm Kaspi.kz (LSE:KSPI) have been working from their homes due to the COVID-19 outbreak. The company claims its business has been doing well despite the challenges created by the Coronavirus crisis. Kaspi provides payment systems and digital… Read More

Lloyds Bank to Shut Down 56 Branches, Cut 160 Jobs As Consumers Increasingly Using Digital Banking Services Following COVID-19 Outbreak

Lloyds Bank, a British retail and commercial bank with branches across England and Wales with around £436 billion in assets, is reportedly planning to shut down 56 physical branch locations. The Lloyds Banking Group confirmed that it had been planning to close some of its… Read More

Indian Fintech U GRO Capital, an Online Lending Platform for SMEs, Reports Over $2 Million in Net Profit for Current FY

Indian Fintech U GRO Capital, an online lending platform for SMEs, has released its Q2 FY21 financial results and posted a (profit after tax) PAT of INR 17.2 Crores (appr. $2.28 million). The BSE (formerly called Bombay Stock Exchange) stock exchange-listed, technology-focused platform noted that… Read More

Banco Santander Is Reportedly Planning to Shut Down Up to 1,000 Branches, May Cut 4,000 Jobs

Banco Santander S.A. (Santander Group) (BME:SAN), the world’s 16th-largest banking institution and financial services company based in Madrid, has been focused on cost-cutting measures in order to deal with the economic challenges created by the COVID-19 pandemic. Banco Santander along with other Spanish lenders are… Read More

Robocash Claims P2P Lending Market Is an Attractive Investment Diversification Option, but Sector has Struggled due to COVID

Robo.cash, a peer to peer (P2P) lending marketplace, recently discussed which investments may be “advantageous” during the COVID-19 pandemic. The P2P lender noted in a blog post that COVID, which began spreading in Europe in March and April 2020, led to “unrest” among P2P investors…. Read More

Checkout.com Data Reveals Digital Payments in MENA Region and Pakistan have Nearly Doubled after COVID

A report released earlier this week by Checkout.com reveals that digital commerce and online payments are on track for major growth next year. Internal Checkout.com data indicates that digital payment transfers have almost doubled in the MENA region since the beginning of the COVID-19 outbreak…. Read More

Prashant Fuloria: CEO at Fundbox Explains how Fintech Platforms Can Leverage Machine Learning to “Democratize” Access to Funding

  We recently connected with Prashant Fuloria, CEO at Fundbox,  an AI-driven credit platform for B2B commerce. Fundbox focuses on “disrupting” the $21 trillion B2B commerce market by developing the first B2B payment and credit network. Sellers (of all sizes) are able to use Fundbox’s… Read More

DV01 Report: Online Consumer Lending Continues to Head Towards Normalcy

A new report from online lending data provider DV01 indicates that this sector of Fintech continues to move towards “normalcy” following the advent of COVID-19 and the ensuing economic disruptions. The report says online lending is displaying “resiliency” as origination volumes are now only 34%… Read More

Latino Owned Businesses Not Sufficiently Supported by PPP, Second Stimulus is Needed : Camino Financial

Camino Financial, a Fintech platform providing affordable credit and financial products for US Latino businesses, recently published a report on Latino-owned Businesses (LOBs) covering Q3 as well as insight into the impact of COVID-19 on these businesses. The US Latino Small Business Survey offers insights… Read More

U.S. Fintech WalletFi Teams Up With BankFirst Financial Services to Deliver Payments Growth During COVID-19 Pandemic

  WalletFi, a U.S.-based data and analytics platform for community banks, credit unions, and fintechs, announced on Thursday it has teamed up with BankFirst Financial Services to provide customers of the bank with enhanced visibility into their recurring payments. The company is hoping that the… Read More

COVID-19 Vaccine Firm Raises Over NZ $1.5 Million in One Hour on PledgeMe

PledgeMe is reporting that over NZ $1.5 million was raised for Covid-19 Vaccine Corporation Limited (CVC) in less than an hour of the securities offering being live on the platform. It appears that the investment was filled from a single individual, according to the offering… Read More

British Business Bank Says BBLS Open for Top Ups for Eligible Firms

The British Business Bank has distributed a note indicating that from today, participating lenders in the Bounce Back Loan Scheme (BBLS) are able to offer smaller businesses across the UK a ‘top-up’ to their existing loan if they originally borrowed less than the maximum amount… Read More

ATM Withdrawals and Check Payments in the Philippines have Declined as Digital Transactions Rise Significantly following COVID-19 Outbreak

The COVID-19 pandemic has accelerated the shift towards all-digital platforms which includes the increased usage of digital financial services by consumers in the Philippines (and globally). Laura Ignacio, Director at the Center for Monetary and Financial Policy of the Bangko Sentral ng Pilipinas (BSP), confirmed… Read More

Standard Chartered to Offer Flexible Working Arrangements, Allowing Employees to Work from Home and the Office

Standard Chartered (LON:STAN), a UK-based multinational banking and financial services company with over $720 billion in assets, has decided to adopt a hybrid approach to working where it will allow its employees to perform their duties from home and they can also complete tasks from… Read More

Skill Now Offering Free Payment Services to Italian During Second Wave of COVID-19 Pandemic Lockdowns

Skrill, the online payments company behind Skrill Money Transfer, announced on Friday it is once again dropping all fees and foreign exchange charges for anyone using Skrill Money Transfer to send funds in or out of Italy as the country begins a new wave of… Read More

Paysend Milestone: Hits 2.5 Million Customers

Paysend, a UK-based global payments platform, announced earlier this week it has reached the 2.5 million customer mark for its Global Transfers service. The company reached the 1.5 million mark in March, so 1 million customers have been welcomed during the COVID-19 pandemic. Founded in… Read More

Singapore’s Financial Services Sector Is on the Brink of Disruption following COVID-19 Outbreak, According to Fintech Industry Professional

There are many new opportunities for the Fintech sector in a post COVID world, according to Singapore’s labor chief Ng Chee Meng. He noted that the Coronavirus crisis may lead to new requirements and could also create new jobs. Meng, who’s currently the Secretary-General at… Read More

As COVID Cases Increase, UK Government Extends COVID Lending Schemes

As of Thursday, November 5, in a somewhat controversial move, the UK government will shutter a good portion of the country as COVID-19 cases rise. In a release by the UK government, the new restrictions will remain in place until at least December 2nd. The… Read More

French Crowdfunding Association Touts Crowdfunding as Tool to Boost the Economy

The Financement Participatif France (FPF) the French crowdfunding association has recently touted the importance of crowdfunding and its ability to help boost economic activity during the current health crisis. The FPF partnered with the Banque des Territoires on a survey conducted by Kantar. The FPF… Read More

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