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Welcome to another episode of our Daily Fintech Podcast.
This podcast episode is sponsored by Uncover, the new podcast by ComplyAdvantage. Join CEO Charles Delingpole and his team as they interview compliance leaders, FinTech innovators, and financial crime experts to uncover the latest best practices and industry trends. Subscribe on Apple Podcasts or Spotify today
WHAT ARE THE LATEST FUNDING ROUNDS AND INVESTMENTS?
DeFi platform Alloy has won the backing of Checkout.com founder Guillaume Pousaz in a $3 million pre-seed round led by VC firm Headline.
Amsterdam-based crypto payments infrastructure startup Fung Payments has raised $2.7m in a pre-seed funding round co-led by Global Founders Capital, Kingsway Capital, Kindred Capital VC and Karatage.
GivePenny Technologies secured £1.25m in funding. The company intends to use the funds to further enhance the platform and allow more charities – big and small – to continue their work.
THE NEWS HIGHLIGHT OF THE DAY IS
Apple has introduced Apple Pay Later, a new feature backed into the company's payment platform that will allow users to split purchases into separate payments.
JUST IN:
Businesses in Canada may be eligible to claim credit card processing fee rebates following a multimillion-dollar class-action settlement with Visa and Mastercard. Merchants can now apply for rebates on so-called swipe fees charged on credit card transactions dating back two decades, the Canadian Federation of Independent Business (CFIB) said Monday.
WHAT ARE THE LATEST INSIGHTS?
In a recent study of US consumers, Cornerstone Advisors found that Americans now consider the quality of digital banking tools to be a more important factor in their decision of whom to bank with than branch locations, the quality of the branch experience, or even what interest rate a bank pays on deposits and savings.
NOW, LET’S COVER NEW LAUNCHES AND FEATURES.
Stripe announced the launch of a delegated authentication feature to improve payment conversion rates in Europe.