Fintech News | Fintech Zoom

Goldman Sachs backs U.S. construction finance tech startup Rabbet

Goldman Sachs Group Inc has backed Rabbet, a U.S. startup that develops software to help make construction finance more efficient, the companies said on Wednesday. Rabbet, formerly known as Contract Simply, will use the funding to further develop...

Allianz more than doubles digital investment fund to $1.1 billion

German insurer Allianz said on Wednesday it had more than doubled the size of a fund devoted to digital investments. Allianz X, as the fund is known, has been increased to 1 billion euros ($1.1 billion), from the 430 million euros originally...

Fintechs could help Mexico – send money home more cheaply

Mexico’s new government is trying to slash the cost of sending cash home for Mexican families living abroad and is hoping competition from fintechs will encourage banks and services like Western Union to reduce commissions and improve exchange rates...

Visa to open innovation center in Korea as part of global fintech push

Global credit card giant Visa is planning to open a new innovation center in South Korea as it seeks to expand partnerships with local financial technology startups to develop the next generation of payment solutions. “Korea is considered an...

Vitruvian puts German fintech Smava up for sale

Buyout group Vitruvian is putting German consumer credit online platform Smava up for sale, people close to the matter said. The private equity firm has asked investment banks to pitch for roles in a potential sale or initial public offering of the...