FS

InsurTech player, Wefox

German ‘insurtech’ Wefox raises $650 million at valuation of $3 billion

Digital insurance start-up Wefox said on Tuesday it had raised $650 million from investors, in what it called a record-breaking round for a so-called “insurtech” busine...

Wirecard AG

Phantom billions plunge Wirecard into chaos

Wirecard has said that 1.9 billion euros (approximately $2.1 billion) it had booked in its accounts likely never existed, a black hole that threatens to engulf the payments company...

UK

UK-based fintech Revolut launches banking app in US

British fintech firm Revolut Ltd on Tuesday launched its banking app and debit cards for customers in the United States as it seeks to expand beyond its base in the UK and Europe. 

Singapore

Update: Razer and Ant Financial apply for a digital banking licenses in Singapore

California-based gaming business Razer Inc has stated that it is leading a consortium of companies that has applied for a online bank license in Singapore, thus joining the race to...

Platform Economy: e-commerce shopping from a retail website

Swedish FinTech company Klarna to enter Australia and other markets next year

BERLIN (Reuters) – Swedish financial technology company Klarna plans to launch in Australia and other markets in 2020 after a strong start for its ‘buy now, pay later&#...