Posts Tagged ‘expansion’

Irish FinTech company PerfectCard confirms its sale to Australia’s EML for €6m

Irish FinTech company PerfectCard has been sold to Australian payment solutions provider EML Payments in a €6m deal. PerfectCard provides incentive and corporate expense solutions including PerfectIncentive and the recently-launched Pecan Expense. The acquisition will result in the expansion of PerfectCard in Ireland, with plans to increase the number of full-time employees over the next […]

Tencent-backed mobile bank N26 launches in the UK and plans US expansion by early 2019

German app-only bank N26 has launched in the U.K. and is eyeing another expansion to the U.S. in the first quarter of 2019. Although it has a banking license recognized in Europe, N26 isn’t authorized in the same way by regulators in the States. So it is partnering with an American lender — which hasn’t yet […]

$108 MILLION: Australian fintech Airwallex just closed the second largest funding round in Australian history

Australian fintech Airwallex has announced the successful completion of a $US80 million ($108 million) Series B funding round. The latest capital injection — the second biggest funding round in Australian history — came from global venture capitalists and investors, including Asian giants Tencent and Sequoia China. Australian company Square Peg Capital also participated, after initially investing […]

Fintech giant Intuit to hire hundreds in Israel

US fintech giant Intuit is substantially expanding its operations in Israel. According to Intuit executive VP and CTO Tayloe Stansbury, the company plans to increase its current 160 R&D employees in Israel to 400-500 during the next three years. Stanbury refrained from saying how much the company planned to invest in Israel, but external estimates are at […]

Huobi Group Announces Plans for European Expansion

Huobi Group, the leading global blockchain asset financial service provider, announced its plans to expand into Europe with a new offices in London opening later this year. Chern Chung, Huobi’s senior business development manager for Europe said, “Our research shows that London will become one of the most active trading scene across all of Europe.” Huobi […]