Aiming to imitate Venmo, JoomPay preps a Euro launch for easy costs splitting and money payments

Aiming to imitate Venmo, JoomPay preps a Euro launch for easy costs splitting and money payments

JoomPay, a start-up with a similar product to PayPal-owned Venmo
in the U.S., is set to release in Europe soon after being given a Luxembourg Electronic Money Organization(EMI) license. The app enables individuals to get and send cash with anyone, quickly and for free. “Venmo me”
has become a common expression in the U.S., […]
, a start-up with a similar product to PayPal-owned Venmo in the U.S., is set to introduce in Europe shortly after being approved a Luxembourg Electronic Money Organization( EMI )license. Europe leads the world’s instant payments industry, with$18 trillion in worldwide volume predicted by 2025, up from$3 trillion in 2020– a growth of more than 500%. While Europe lacks simple peer-to-peer payments solutions such as Venmo or Square Cash App in the U.S., challenger banks have actually stepped up to supply comparable kinds of services., which has actually been downloaded 150 million times in Europe, has spun-off JoomPay to resolve this problem….

Revolut lets you track your memberships, adds savings benefit in the United States

Revolut lets you track your memberships, adds savings benefit in the United States

Fintech startup Revolut has rolled out a handful of additional functions over the previous couple of days. The monetary app lets you track all your memberships that you pay with your Revolut account or your card. In the U.S., Revolut is adding a savings bonus offer based on your buying routines. Business clients can now purchase [ …] If you have multiple bank accounts, some users may switch their payment details to their Revolut card simply to keep all their memberships in Revolut. Revolut calculates how much you spent with your Revolut debit card the previous month. Revolut Company customers have been limited to plastic cards (or virtual cards). Revolut Business consumers with a complimentary account or a freelancer account can’t purchase metal cards. The financial app lets you track all your subscriptions that you pay with your Revolut account or your card….

Crypto exchange Bitpanda closes $52M Series A from Valar Ventures, backed by Peter Thiel

Crypto exchange Bitpanda closes $52M Series A from Valar Ventures, backed by Peter Thiel

Bitpanda, a crypto properties platform, has closed a$ 52 million Series A financing round from Valar Ventures, an equity capital firm backed by Peter Thiel. Vienna-based VC Speedinvest likewise participated, together with other unnamed investors. Declaring 1.3 million users, Bitpanda has formerly been trading digital assets and tokenizing precious metals. The Vienna-based business will use the cash to […]
Claiming 1.3 million users, Bitpanda has actually previously been trading digital assets and tokenizing precious metals. Basically, Bitpanda is a crypto exchange which can support other kinds of properties in a tokenized form. Bitpanda is a central exchange with its own infrastructure, and is not running on a public blockchain. Declaring 1.3 million users, Bitpanda has actually formerly been trading digital properties and tokenizing precious metals….

Revolut launches its financial app in Japan

Revolut launches its financial app in Japan

Fintech start-up Revolut is broadening to Japan. After testing the service with 10,000 users, any person can now register and open an account. The business originally acquired its permission to operate from Japan’s Finance Service Firm in 2018. You get an electronic wallet and a Visa debit card when you open an account. You can […] You can also send out cash to other Revolut users or a bank account. Like in other countries, Revolut lets you exchange cash in the app and send out cash in other currencies. Unlike in the U.K. and Europe, you will not be able to buy cryptocurrencies, trade stocks, buy insurance items, create Revolut Junior accounts for your kids, and so on. Revolut is currently readily available in the U.K., Europe, the U.S., Singapore and Australia. …

Revolut extends Series D round to $580 million with $80 million in brand-new financing

Revolut extends Series D round to $580 million with $80 million in brand-new financing

Fintech start-up Revolut just revealed that it has actually raised $80 million as part of its Series D round that it announced in February. The brand-new influx of funding originates from TSG Consumer Partners. In February, Revolut raised a $500 million led by TCV at a $5.5 billion appraisal. Today’s brand-new financing extends that moneying round […] If you’re not familiar with Revolut, the business is building a financial service to change standard bank accounts. Revolut is working on a membership management tool. …

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

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

Consumer support is a huge part of a user’s experience, and one that every bank likes to state they’re great at. There is a lot we can learn from the mistakes that U.K. banks have actually made. Based upon his latest research study report into the user experience of a dozen leading British banks — — including […] We dive deeper into each tip, consisting of discussing the thorny subject of call decision trees( press 1 for … press 2 for … and so on), which Ramsey advises need to be diminished in the age of mobile apps, how push notices may be employed to supply a more Disney-like queuing experience, why hold music is bad as a concept and why it’s time to ditch the live chat bait and switch. …

Revolut partners with Paxos to bring cryptocurrency trading to the United States

Revolut partners with Paxos to bring cryptocurrency trading to the United States

Neobank Revolut released in the U.S. a couple of months back. The start-up is slowly catching up with features that are offered in the U.K. and Europe. This time, Revolut is including cryptocurrency trading through a collaboration with Paxos. Users in the U.S. can now buy, offer and hold Bitcoin and Ethereum from the Revolut […] Users in the U.S. can now buy, sell and hold Bitcoin and Ethereum from the Revolut app. If you’re familiar with Revolut’s cryptocurrency feature, you know that the business gives you access to more cryptocurrencies in Europe, such as Litecoin, Bitcoin Money and XRP. When it comes to charges, users with a complimentary Revolut account will pay 2.5% in conversion fees. Revolut also has some regular monthly limits on currency exchange in basic for free users as well– it can be fiat currencies or cryptocurrencies. …

Revolut expands bank account aggregation to Ireland

Revolut expands bank account aggregation to Ireland

Fintech start-up Revolut has expanded its open banking function to Ireland. The feature first released in the U.K. back in February. As soon as once again, the start-up is partnering with TrueLayer to let you include third-party checking account to your Revolut account. The function launch also marks the launch of TrueLayer in Ireland. For now, Revolut users […] The feature first launched in the U.K. back in February. When you link your bank account with Revolut, you can see your balance and previous deals from a separate tab that lists all your linked accounts. Revolut’s open banking feature, Revolut was initially licensed for Account Info Solutions (AIS) by the U.K. regulator, the Financial Conduct Authority.

Fintech startups amass war chests for the economic slump

Fintech startups amass war chests for the economic slump

Consumer fintech startups were enormously successful in 2019, drawing in millions of new users and interrupting standard retail banks and monetary services with mobile-first, consumer-oriented products. Despite the economic recession in public markets and the huge wave of cuts at public and private business in recent weeks, fintech startups have been raising a ton of money. […] It feels like they’re all building a war chest to survive the economic winter season as standard banks continue to iterate so they can catch up and provide more user-friendly services. And that’s without pointing out Starling Bank, Atom Bank, Bunq, Bnext, Paysend, and so on. …

Revolut launches Revolut Junior to help you manage allowance

Revolut launches Revolut Junior to help you manage allowance

Revolut is introducing a new product specifically targeted toward kids aged 7-17 years old — Revolut Junior. Revolut Junior is a new app and service that integrates directly with the main Revolut app on the parent’s side. Parents or legal gardians who are also Revolut users can create a Revolut Junior account for their kid. After […] …