Coming from South Africa but living in Europe, I can tell you that sending money to family and friends back home is a bit of a nightmare. Typically you must use a traditional bank, which can take a week or more, or payment apps like PayPal or Wise, which charge high fees. The antiquated nature of remittance payments is something that immigrants are all too familiar with. Demand for better alternatives is giving rise to a new cohort of fintech companies looking to streamline the process. One of them is London-headquartered LemFi. Founded in 2021, the financial services platform enables…This story continues at The Next WebOr just read more coverage about: Fintech [...]
It's been almost one year since Intuit shut down the popular budgeting app Mint. I was a Mint user for many years; millions of other users like me enjoyed how easily Mint allowed us to track all [...]
London-based digital challenger bank Allica Bank has officially crossed the unicorn threshold after closing a $155 million Series D funding round that valued the company at around $1.2 billion. This p [...]
A developer gets a LinkedIn message from a recruiter. The role looks legitimate. The coding assessment requires installing a package. That package exfiltrates all cloud credentials from the developerâ [...]
The $32 billion US spend management platform acquires a licensed payments provider to launch corporate cards and finance tools in the UK and EU this summer. The corporate spend management market just [...]
US Customs and Border Protection (CBP) wants eyes on everyone leaving the country by vehicle. Wired reported this week that the agency plans to photograph every person in cars going to Mexico or Canad [...]