New fintech Barq led by former STC Pay CEO launches in Saudi Arabia
Company Overview: Barq is a Saudi financial services start-up founded in 2023 and led by former STC Pay CEO Ahmed Alenazi. The company...
Swiss National Bank announces launch of instant payments in Switzerland
Market Launch: The Swiss National Bank (SNB) has introduced instant payments in Switzerland, allowing around 60 Swiss financial institutions to receive and process...
Klarna to resurrect BNPL fintech Laybuy in New Zealand following acquisition of assets
Klarna's Acquisition: Swedish payments company Klarna has acquired the assets of the BNPL fintech Laybuy in New Zealand.
Laybuy's Previous Struggles: Laybuy ceased...
Malta’s Papaya promotes Igor Tsybolyuk to CEO
Promotion to CEO: Maltese fintech company Papaya has promoted Igor Tsybolyuk to the role of CEO, effective immediately. He had been serving as...
Germany’s Upvest embeds Deutsche Bank’s banking infrastructure to expand its product range
Upvest, a Berlin-based fintech, has formed a strategic partnership with Deutsche Bank to expand its product offerings.
Upvest was founded in 2017 and...
Singapore-based fintech start-up WSPN bags $30m seed funding
WSPN (Worldwide Stablecoin Payment Network), a Singapore-based stablecoin infrastructure provider, raised $30 million in a seed funding round.
The round was led by...
Mastercard set to lay off around 3% of global workforce
Mastercard plans to cut around 3% of its global workforce, impacting approximately 1,000 employees.
The layoffs are a result of organizational changes announced...
Revolut becomes Europe’s most valuable private tech firm after $500m employee share sale
New Valuation: Revolut has become Europe’s most valuable private tech company, now valued at $45 billion after a secondary share sale.
Employee Benefits:...
ICYMI fintech funding round-up: Skydo, Finora Bank, Okredo, Parafin, and more
ICYMI Funding Round-Up Summary:Cardea Corporate Holdings:Secured $15 million in convertible note financing.
Funds will be used for strategic acquisitions and tech infrastructure...
