Fintech
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Bloomberg· 2025-10-22 16:46
Monzo, one of Britain’s most prominent fintechs, is considering arranging a new private share sale, according to sources https://t.co/6n6Ed9BI1g ...
Revolut, SumUp make moves in Mexico
American Banker· 2025-10-22 16:40
Key insight: Revolut and SumUp are among the fintechs investing in Mexico.What's at stake: There are more than 4.5 million small businesses in Mexico, many in the target audience for Revolut and SumUp's payment products. Forward look: Both firms have plans to expand further in Latin America. The National Banking and Securities Commission and the Bank of Mexico have given London challenger bank Revolut clearance to operate a digital bank in Mexico. Revolut will be allowed to offer a comprehensive menu of fi ...
ETHA: A Volatile Growth Diversification Play
Seeking Alpha· 2025-10-22 15:28
Core Insights - The year 2025 is anticipated to be a pivotal year for Ethereum, with significant growth expected due to adoption by major financial institutions [1] Group 1: Market Outlook - Ethereum is projected to experience substantial growth in 2025, driven by increased adoption from large financial institutions [1]
支付基础设施公司 Modern Treasury 宣布以约 4000 万美元收购稳定币初创公司...
Xin Lang Cai Jing· 2025-10-22 13:35
支付基础设施公司 Modern Treasury 宣布以约 4000 万美元全股票交易收购稳定币初创公司 Beam。Beam 成立于 2022 年,为银行和企业提供稳定币收付软件;Modern Treasury 则专注于传统金融支付基础设 施,估值达 21 亿美元。此次收购标志其正式进军稳定币领域,Beam 创始人将加入公司并领导稳定币 支付拓展。(Fortune) 来源:市场资讯 (来源:吴说) ...
Exclusive: Late-stage payments company Modern Treasury acquires stablecoin startup Beam for $40 million
Yahoo Finance· 2025-10-22 13:00
Modern Treasury, a payments infrastructure company valued at $2.1 billion, has acquired the stablecoin startup Beam, the companies announced Wednesday. The acquisition was an all-stock transaction worth about $40 million, according to a source familiar with the deal, who asked to remain anonymous while discussing private business discussions. Founded in 2022, Beam provides banks and other corporations with software to send and receive stablecoins, or cryptocurrencies pegged to underlying assets like the U ...
This Fed Proposal Could Push DeFi TVL 10X To Over $1T In 15 Months
Yahoo Finance· 2025-10-22 12:36
When DeFi TVL broke $1Bn in 2020, even Arthur Hayes, the co-founder of BitMEX, couldn’t help but celebrate. And rightly so. It was a milestone for a crypto subsector still taking baby steps in a finance world that is unforgiving of innovation challenging the status quo. Five years later, not only is Wall Street looking the crypto way, but the President of the United States thinks the future is crypto and smart contracts. Donald Trump is behind World Liberty Financial (WLF), and some of his meme coins are ...
Mambu and Ardeco partner to enhance digital banking services
Yahoo Finance· 2025-10-22 12:00
Core Insights - Mambu has partnered with Ardeco to enhance digital banking services across the Americas, combining Ardeco's regional expertise with Mambu's core banking platform [1][2] - The collaboration aims to facilitate financial institutions in providing digital financial services, including core banking, deposit capabilities, and lending [2][3] Partnership Details - Ardeco will act as a partner for Mambu, focusing on implementing Mambu's core banking solutions alongside Ardeco's digital interface [2] - The partnership will emphasize compliance and localized integration, adapting banking solutions to the regulatory and operational variations in Latin America and North America [3] Business Model and Innovation - The Banking-as-a-Service (BaaS) model will allow institutions to create new income streams and offer multi-country accounts through a cloud-native composable core system [4] - Co-branded sessions and workshops will be organized to enhance understanding and adoption of cloud-native, composable banking models among financial institutions [4] Leadership Statements - Ardeco's CEO highlighted that the collaboration will provide innovative financial solutions, modernize technology, and promote larger-scale innovation for small and mid-sized financial institutions [3] - Mambu Americas' CEO stated that the partnership represents a significant advancement in combining technical agility with trusted local expertise [4]
Cotribute Expands Jack Henry™ Fintech Integration Network Integrations
Businesswire· 2025-10-22 11:45
Core Insights - Cotribute has expanded its integration network with Jack Henry, enhancing its fintech capabilities [1] Company Developments - The expansion of Cotribute's integration network with Jack Henry signifies a strategic move to improve service offerings in the fintech sector [1] - This integration aims to streamline account opening processes, which is crucial for financial institutions looking to enhance customer experience [1] Industry Impact - The collaboration between Cotribute and Jack Henry reflects a growing trend in the fintech industry towards partnerships that enhance technological integration [1] - Such integrations are expected to drive innovation and efficiency within the financial services sector, potentially leading to increased competition among fintech providers [1]
PROG Holdings Announces Sale of Vive Credit Card Receivables Portfolio to Atlanticus
Businesswire· 2025-10-22 11:10
Core Viewpoint - PROG Holdings, Inc. has announced the sale of its Vive Financial credit card receivables portfolio to Atlanticus Holdings Corporation, aiming to enhance capital efficiency and profitability while continuing to provide credit solutions for near and below-prime consumers [1][2]. Company Overview - PROG Holdings, Inc. is a fintech holding company based in Salt Lake City, UT, that offers transparent payment options and inclusive financial products through its subsidiaries, including Progressive Leasing and Four Technologies [4]. - Atlanticus Holdings Corporation specializes in enabling financial services for bank, retail, and healthcare partners, leveraging over 25 years of experience and servicing more than 20 million customers with $44 billion in consumer loans [5]. Transaction Details - The transaction involves PROG Holdings receiving approximately $150 million in cash, while Atlanticus acquires around $165 million in credit card receivables [2]. - Following the completion of the transition services agreement, Vive Financial will cease its loan servicing activities, and both companies will collaborate to ensure a smooth transition for customers and retail partners [2]. Future Outlook - PROG Holdings plans to provide further details regarding the financial impact of this transaction during its upcoming third quarter earnings call [3].
Whish Money obtains financial services licences in Canada
Yahoo Finance· 2025-10-22 10:33
Core Insights - Whish Money has obtained financial services licenses in Canada, marking its first regulatory approval outside the MENA region, which is a significant step in its global expansion strategy [1][2] - The company aims to establish a regulated presence in various markets to create a financial ecosystem that connects communities worldwide [1][2] - Whish Money's expansion aligns with a trend among MENA-based tech firms seeking growth in Western countries, particularly those with large diaspora populations [3] Company Strategy - Whish Money establishes locally incorporated entities to comply with regulatory frameworks, ensuring transparency, security, and regulatory compliance [2] - The firm is actively seeking similar licenses in other key markets, including Australia, the UK, the US, and the European Union [2] - The company's vision is to evolve from a regional payment service to a comprehensive financial platform [4] Partnerships and Collaborations - Whish Money has formed alliances with global financial entities such as Visa, Terrapay, and Ria to bolster its expansion efforts [4] - In August 2025, Whish Money partnered with Mastercard to offer remittance services in Lebanon, utilizing Mastercard's Move solutions for transactions with over 50 countries [5] Market Context - The company plays a significant role in providing digital financial services amid Lebanon's economic crisis and banking sector challenges [4] - Whish Money's efforts reflect the broader goals of regional fintech counterparts aiming to capture a share of the global remittance industry through modern payment technologies [3]