Payments round-up: 29 November 2017

No quiet days, and no respite from the action. Our latest paytech round-up stars Instarem, Form3, Starling Bank, Optile and Worldpay. Singapore-headquartered start-up Instarem has expanded into Malaysia, “solidifying its presence” in Asia Pacific (APAC). The firm already has individual and corporate customers in Singapore, Australia and Hong Kong. Instarem says it has licences in […]

Infographic: demystifying the cross-border remittances ecosystem

With a large chunk of the global workforce migrating to foreign countries in search of lucrative career opportunities or better living, the World Bank estimates that migrants will send up to $636 billion home in 2017, with three-quarters of that being remitted to developing countries. In 2015, $440 billion in remittances was sent back to […]

Singapore payments start-up Instarem lands in Lithuania

Singapore-headquartered start-up Instarem has entered the European paytech arena and will now provide international money transfer services from Vilnius in Lithuania. The Bank of Lithuania has issued an approval for the electronic money institution (EMI) licence. As reported last year, the bank, the country’s central bank and regulator, promised to provide preliminary answers to financial […]

Fintech funding round-up: 4 July 2017

There’s no lacking of backing. Our latest fintech funding round-up features Tide, Instarem and IntellectEU. UK-based mobile banking firm Tide, which launched in January, has raised $14 million in its Series A investment round. The round has been led by specialist fintech investor Anthemis, alongside Creandum, the Scandinavian fund that has backed companies including Spotify […]