The Remitly stock price soared on Thursday after the payment processor became a new publicly traded company. Remitly IPO Remitly Global is a fintech company that is disrupting the remittances industry. The company was started in 2011 with a goal of making it easier for immigrants to send money to their home countries. The decision […]
ZestMoney, a fast-growing Indian buy now, pay later company has raised $50 million as the industry grows. Zip funds ZestMoney The buy now, pay later (BNPL) is one of the fastest-growing industries in the world today. As a result, the number of deals in the industry has been in a strong trend. For example, recently, […]
From crypto to NFTs, millennials led the pack when it came to increasing their investments during the COVID-19 pandemic, many prioritising investing over saving; but where is their money going, and what comes next?
Wise has launched a new product – index investing. The fintech company, which was previously known as TransferWise, seeks to enable its customers convert cash into stocks. The new product will only be available to businesses and individuals within the United Kingdom at the beginning. The feature, which is accessible via the firm’s app as […]
XTransfer, a leading Chinese cross-border payments company, became the latest unicorn after it raised $138 million. New unicorn XTransfer is a leading Chinese cross-border and compliance company founded in 2017. It offers foreign trade collection, multi-currency exchange, and a risk management service. Over the years, it has grown its customer base to more than 150,000 […]
Remitly has launched the roadshow for the proposed Initial Public Offering (IPO). Based on the paperwork filed with the Securities and Exchange Commission (SEC), it aims at raising $294 million. The fintech startup will offer 7 million shares in the form of common stock at an offering price not exceeding $42 per share. The application […]
Scalapay is the new buy now, pay later (BNPL) company to raise millions of dollars from investors as the industry grows. New funding for Scalapay Scalapay, a relatively new BNPL company, scooped $155 million from a group of investors led by Baleen capital and Woodson Capital. The new capital raise valued the company at $700 […]
MoneyGram and Western Union are set to lose big after El Salvador became the first country to make Bitcoin a legal tender. Western Union and MoneyGram and El Salvador El Salvador became the first country to accept Bitcoin as a legal tender this week. At the same time, the country’s government decided to acquire Bitcoin […]
The Buy Now, Pay Later (BNPL) industry is getting more competitive. In a statement on Wednesday, PayPal said that it will acquire Paidy in a $2.7 billion deal. PayPal acquires Paidy PayPal, the online payment giant, said that it will acquire Paidy for $2.7 billion. A bigger portion of this transaction will be in cash […]
Many Brits dream of moving abroad for their golden years. Of course, everyone is looking for something a little different. Some want guaranteed sun and great beaches, some are looking to fill their days with cultural activities, and most want to form connections with friendly locals. MoneyTransfers.com has looked at a range of measures to […]