article thumbnail

New Unicorn Revolut Will Use Capital For International Expansion

Bank Innovation

billion, will use the new funding to expand to further markets, including the United States, Australia, and Hong Kong. -based digital bank Revolut has raised $250 million in a Series C, boosting the company’s valuation to unicorn status. The company, which is now worth $1.7

Capital 244
article thumbnail

Drive treasury and capitalize on fintech rise

Accenture

Banks currently dominate the provision of treasury services for businesses in the United States, but they are beginning to face challenges to their long reign. The post Drive treasury and capitalize on fintech rise appeared first on Accenture Banking Blog.

Capital 195
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Venture Capital Is Accelerating In Asia — Why It’s Different From The Valley

PYMNTS

Despite the pandemic, venture capital dollars are flowing freely to nascent firms in Asia that are tackling the need for contactless interactions and platforms that match supply and demand — setting the stage for innovation on the other side of the public health crisis.

Capital 298
article thumbnail

5 Banking Trends We’re Forecasting for 2023

Perficient

According to the Federal Deposit Insurance Corporation (FDIC), in 2000, there were 8,000 commercial banks in the United States, but as of March 2022, that number had dwindled to 4,194 operating physical bank branches. Another example is Eno , Capital One’s virtual assistant.

article thumbnail

Israel’s Red Dot Capital Likes Southeast Asia’s COVID Comeback Story

PYMNTS

Fresh on the heels of a $200 million round of fundraising, Tel Aviv’s Red Dot Capital is straying from its bread-and-butter focus on homegrown Israeli technology and security startups to find opportunity half a world away in Southeast Asia. But Stern said the strategy shift isn’t just based on the need to fuel growth.

Capital 192
article thumbnail

Monzo’s Cash Burn Sets Stage For Big Capital Raise In 2020

PYMNTS

Popular with younger banking customers thanks in part to digital payments and other appealing features, the company has nevertheless moved rapidly through the venture capital funds it had already acquired during its expansion. United States financial giant Goldman Sachs introduced its own digital banking service, Marcus, late in 2018.

Capital 143
article thumbnail

Becoming a “Bahama Mama” Crypto-Style: A Closer Look at The Digital Asset Landscape in The Bahamas

Perficient

Members of Perficient’s Digital Asset Team have advised followers in multiple online articles about the digital asset revolution and relevant regulations affecting the same in the United States. In 2022, FTX broke ground on its new headquarters in Nassau, the country’s capital. Crypto Conference.