Money Transfer
Facebook Pay Rebrands to Meta Pay to Align with Broader Metaverse Ambitions
Facebook’s parent company Meta has rebranded its online payments service to Meta Pay, bringing the firm’s payments offering closer to its broader rebrand and aligning it with its grand ambition to building the ultimate metaverse. On June 23, 2022, Facebook
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Irish B2B Payment Provider TransferMate is now a Fintech Unicorn
TransferMate, a leading provider of B2B payments infrastructure as-a-service, announced a $70M funding round bringing the company to a valuation of $1BN and $130M of total funding. Railpen, one of the largest UK pension funds, managing £37 billion, participated in
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Papaya Global Acquires Money Transfer Company Azimo
Papaya Global announced that they have acquired the digital money transfer service, Azimo, a payment platform that will enable Papaya Global to make immediate payments across the globe. Together with Azimo, Papaya Global will be able offer a payments solution
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MoneyGram Announces Minority Investment into Coinme
MoneyGram International announced that they have completed a strategic minority investment in Coinme, a cryptocurrency cash exchange in the U.S. This venture, which gives the Company an approximate 4% ownership stake in Coinme, closes out Coinme’s Series A financing round
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Swiss Banks’ Foreign Exchange Rate Comparison
Swiss banks charge on average 1.46% for currency exchange. In some cases 4.5 times more than amnis. Small and medium-sized companies are often unaware that high exchange rate mark-ups are hidden in the standard industry exchange rates. Amnis, however, is
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Amnis Receives EEA Payment Institution License and Expands to Europe
AMNIS Treasury Services AG (Amnis), a Swiss fintech founded in 2014 with the goal of simplifying international payment transactions for SMEs, is expanding to Europe with the first license as a payment institution issued by the Financial Market Authority Liechtenstein.
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Money Transfer Startup TransferGo Secured US$50 Million in Series C Fundraise
TransferGo, a London-based money transfer company, announced that it has secured US$50 million during a Series C funding round, bringing its total funds raised to US$77 million so far. The funding round was led by Elbrus Capital Fund III and
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Banks Remain Costliest Remittance Providers
Although wire transfers might be the quickest and most convenient way to send money, it is also exorbitantly pricey, especially when it involves international transfers. In fact, the World Bank’s Q1 2021 Remittance Prices World Quarterly report found that banks
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WorldRemit Raises US$292 Million at a Valuation of US$5 Billion, Rebrands as Zepz
Zepz, a digital cross-border payments platform formerly known as WorldRemit, has raised US$292 million in a Series E financing round to achieve a valuation of US$5 billion. The round includes new equity investors Farallon Capital among others, as well as backing
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Wise Makes Its Debut on the London Stock Exchange, Now Valued at US$11 Billion
Wise, a London-based remittance firm, has begun trading on the London Stock Exchange’s (LSE) main market through a direct listing. According to a statement by the LSE, this marks the first direct listing of a technology company in its history.
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