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Ripple Raises $55 Million Series B; Announces New Bank Partners

Fintech Labs Insights

The news last week that Ripple raised $55 million in Series B financing is a reminder of how a growing number of financial institutions are using digital currencies to improve the cross-border payments process.

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Currencycloud Collects $25 Million in New Funding

Fintech Labs Insights

In a Series D round led by GV (formerly known as Google Ventures) and featuring participation by existing investors Anthemis, Notion Capital, Rakuten FinTech Fund, and Sapphire Ventures, cross-border payments innovator Currencycloud has raised $25 million (£20 million in funding). Founded in 2012 and headquartered in London, U.K.,

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The Best Banks in Asia 2024, Ranked by Forbes

Fintech News

To determine the best banks of 2024 from Asia and elsewhere, participants assessed banks where they currently have or had a checking or savings account within the past three years, or were familiar with through family or friends. Personal Banking offers accounts, savings, cards, and loans to retail customers. #3

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Meet the 40 Fastest Growing Fintechs in Asia Pacific According to the Financial Times

Fintech News

These included bringing in revenue no less than US$100,000 in 2019 (or the currency value equivalent as of 2019); earning revenues of no less than US$1 million in 2022 (or the currency value equivalent as of 2022); revenue growth from 2019 to 2022 also needs to be predominantly organic (i.e., “internally” generated). . #11

FinTech 98
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

Several big-name venture capital firms — Andreessen Horowitz, Sequoia, Founders Fund, and General Catalyst among them — invested early, and have continued to participate in follow-on funding rounds to the company. Thrive Capital, Khosla, Kleiner Perkins Caufield & Byers, and Redpoint also participated in early fundraising rounds.As

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The Benefits of Instant Pay by Bank Payment Methods

Segpay

Enhanced Security : Pay by Bank transactions use the improved security features of online banking platforms, such as multi-factor authentication and encryption, to protect sensitive customer data and transactions. Launched in 2012, Swish was developed by collaborating with all central Swedish banks.