hsbc

Here’s how HSBC’s international payments app Zing compares to Wise and Revolut

HSBC has launched a new product called Zing focused on international transfers to better compete with fintech companies like Wise (formerly TransferWise) and Revolut. Bloomberg wrote that the app was

Tradeshift raises $70M, launches financing JV with HSBC focused on B2B trade

Global trade has been in a slump, in part due to ongoing economic pressures in the wake of the COVID-19 pandemic. Now, with some glimmers of recovery on the horizon, a startup that’s built busin

HSBC rebrands, expands its SVB UK buy as HSBC Innovation Banking

Acquired by HSBC in an emergency sale for just £1 in March as SVB was melting down, SVB UK is now getting a rebrand and expansion under its new owner. Today the banking giant launched HSBC Innovation

HSBC acquires Silicon Valley Bank UK in last-minute deal, says all depositors’ money is safe

HSBC UK is acquiring Silicon Valley Bank UK for a symbolic £1. The deal comes after a tense weekend of frantic negotiations by the U.K. government, regulators and a suite of other potential suitors i

HSBC invests in Singapore’s customer intelligence and risk assessment startup

HSBC Asset Management, the investment arm of Britain’s HSBC Group, has led a seed round of $4 million in Singapore’s customer intelligence and risk assessment startup Bizbaz, the two said Friday.

European neobank Monese nabs $35M from HSBC

Monese, the London-based fintech that provides digital banking and remittance services to consumers and businesses across Europe, has raised $35 million from global banking giant HSBC. Founded in 2013

Behavioral cybersecurity platform CybSafe raises $28M Series B led by Evolution Equity Partners

Last year, U.K. cybersecurity startup CybSafe, a “behavioral security” platform, raised a $7.9 million Series A. This SaaS product with a per-user-based, subscription licensing model has a “beha

Bud raises $80M more to expand its AI-based open banking platform, used to power lending tools and more

Embedded finance — where financial services companies and others bring in different kinds of fintech technology by way of APIs to enhance their own offerings with more data and functionality &#8

Classiq raises additional funding for its quantum algorithm design tools

Tel Aviv-based Classiq, a startup that wants to make it easier for developers to build quantum algorithms and applications, today announced that it has raised additional funding for its service by add

In the wake of Fast’s collapse, Volume thinks it can crack the payment checkout conundrum

Online payment methods can be expensive for merchants, who have to pay between 2% and 8% of every sale to debit and credit card, e-wallet and BNPL facilitators. Much of this is often passed to consume

Stenn banks $50M on a $900M valuation for a platform to finance SMBs that trade internationally

Globalization has been one of the biggest trends in e-commerce in the last decade: internet rails facilitate a much wider marketplace of would-be consumers and a selection of items for them to buy; an

ClearBank, a UK banking rails provider, raises $230M from Apax to expand into Europe and the US

ClearBank — a UK fintech that has built a new set of cloud-based financial rails that allows banks and other customers real-time clearance on payment transactions and other financial services &#

SF’s Tradeshift, a supply chain finance platform, raises $200M

Tradeshift — the late-stage startup tackling supply chain financing — has announced a $200 million funding round in equity and debt from a combination of existing and new investors, including Koch

Element Ventures pulls in $130M to double-down on the fintech enterprise trend

With the rise of Open Banking, PSD2 Regulation, insurtech and the whole, general fintech boom, tech investors have realized there is an increasing place for dedicated funds which double down on this o

Cybersecurity training platform Immersive Labs closes $75M Series C led by Insight Partners

Immersive Labs, a platform which teaches cybersecurity skills to corporate employees by using real, up-to-date threat intelligence in a “gamified” way, has closed a $75 million Series C funding ro

Divido bags $30M to take its ‘buy now, pay later’ platform to more markets

London-based Divido, a white-label platform for retail finance that integrates with e-commerce platforms (but can also support omni-channel) so retailers can offer consumers a “buy now, pay late

Amount raises $99M at a $1B+ valuation to help banks better compete with fintechs

Amount, a company that provides technology to banks and financial institutions, has raised $99 million in a Series D funding round at a valuation of just over $1 billion. WestCap, a growth equity firm

Helping big banks out-Affirm Affirm and out-Chime Chime gives Amount a $681 million valuation

Amount, a new service that helps traditional banks compete in a digital world, has raised $81 million from none other than Goldman Sachs as it looks to help legacy fintech players compete with their m

African fintech startup Chipper Cash raises $30M backed by Jeff Bezos

African cross-border fintech startup Chipper Cash has raised a $30 million Series B funding round led by Ribbit Capital with participation of Bezos Expeditions — the personal VC fund of Amazon CEO

(How to fix) 5 common UX mistakes in online banking

Customer support is a huge part of a user’s experience, and one that every bank likes to say they’re great at. But there is a lot we can learn from the mistakes that U.K. banks have made. Based on
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