Serverfarm, a leader in global data center management, has made a significant investment by acquiring two data center campuses in Houston, Texas. This move marks the company’s first foray into the Texas market and bolsters its colocation capabilities across the United States. The acquisition, supported by equity commitments from multiple Manulife investment funds, enhances Serverfarm’s strategic positioning within the data
The partnership between Walmart’s fintech subsidiary, PhonePe, and cross-border payments provider Liquid Group aims to revolutionize UPI QR payment services in Singapore, marking a significant stride in the world of financial technology. As the global payments landscape evolves, collaborations like this highlight the increasing importance of seamless, secure cross-border transactions. The collaboration benefits from Liquid Group’s extensive merchant network, enabling
Sigo Seguros, an innovative startup in the InsurTech sector, has successfully secured $10.5 million in a Series A funding round. Founded in 2018 in Austin, Texas, this company focuses on delivering accessible car insurance services to underserved communities, including immigrants and working-class individuals. This latest financial leap positions Sigo Seguros to accelerate its expansion and enhance its product offerings, reinforcing
The partnership between Amazon Web Services (AWS) and PT Krom Bank Indonesia marks a significant advancement for digital banking in Indonesia. As financial inclusion becomes a priority in the region, this collaboration aims to bridge the gap for underbanked and unbanked populations by leveraging cutting-edge cloud technology. AWS’s robust infrastructure will allow Krom Bank to provide a range of digital
In the rapidly evolving world of e-commerce, the recently expanded partnership between PayPal Holdings and Shopify is set to revolutionize the landscape. By integrating PayPal’s payment processing services into Shopify Payments, this collaboration seeks to offer a more unified and streamlined experience for U.S. merchants. Such an initiative promises not only greater operational efficiency but also an enhanced user experience,
In the fast-paced world of business, efficient credit management can be a game-changer. With the advent of NetNow, an innovative trade credit automation platform, the landscape of B2B credit management is on the brink of a revolutionary transformation. Spearheaded by a recent influx of $1.8 million in pre-seed funding, NetNow sets its sights on streamlining the credit and collections processes
VanEck has recently announced its decision to shutter the Ethereum Strategy ETF (EFUT), a futures-based Ethereum exchange-traded fund, due to insufficient investor demand. The closure is scheduled to take place on September 16, with the liquidation and return of assets completing by September 23. According to the announcement, various factors contributed to this decision, including the product’s performance, liquidity, assets
In Q2 2024, Latin America’s FinTech sector experienced a notable contraction in funding and investment activity. This trend reflects a broader shift within the global financial technology sector, with a reduction in both the number and scale of deals. Despite these challenges, strategic investments and the evolving landscape indicate a potential for significant transformation and growth. The Downturn in Funding
In an effort to bridge the advice gap and bolster its digital advisory services, Quilter has acquired the digital investment app NuWealth, formerly known as Wombat Invest. Quilter, a leading wealth management firm, sees this acquisition as a key advancement in serving novice investors and meeting the growing demand for digital engagement. NuWealth provides a diverse range of ISAs, general
AI is transforming the Exchange-Traded Fund (ETF) industry, providing a wealth of products that cater to various investment styles and risk profiles. Since ETFs were introduced in the early 1990s, they have grown in value to trillions, becoming vital components of modern financial markets. As AI continues to evolve, its role in ETF management and investment strategies is becoming increasingly
The cryptocurrency market has recently been in turmoil, with major digital assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) experiencing significant declines. Investors and enthusiasts alike are grappling with a myriad of factors contributing to this slump. Understanding the underlying reasons behind this downturn, including historical trends, macroeconomic influences, market sentiment, and technical indicators, can provide valuable insights into
The fintech industry is abuzz with the latest partnership between UNIPaaS, a leading Payment as a Service (PaaS) provider, and American Express (Amex). This collaboration is set to revolutionize payment solutions for small and medium-sized businesses (SMBs) operating within Software as a Service (SaaS) platforms. By introducing enhanced and streamlined B2B card payments, this partnership aims to offer SMBs better
