Thunes has obtained the 50 money transmission licenses required to operate in the United States. This allows the global payments company to offer its cross-border services directly to American businesses. The approvals were secured through Thunes Financial Services LLC, its newly established U.S. entity. With this milestone, Thunes can contract directly with corporates, merchants, and digital platforms in the U.S. for real-time international payments. Clients will be able to connect to Thunes’ global network of over 7 billion mobile wallets and bank accounts, 15 billion cards, and access services across 130 countries and 80 currencies. The company said this marks a significant step in its global expansion strategy and strengthens its regulatory compliance framework. The move includes investment in its Fortress Compliance platform and SmartX Treasury system, which are designed to enhance transparency, control, and cost efficiency. Thunes also noted that U.S.-based members of its network can now fund transactions locally, and international members will gain direct access to the U.S. market through a single integration. Floris de Kort “At Thunes, we’re proud to have built a world-leading payments Network. Securing our U.S. licenses marks a significant milestone in our global growth. It’s a reflection of the momentum we’ve created and the trust we continue to earn. We’re scaling with purpose and delivering limitless, tangible value to every Member of the Thunes Direct Global Network in the process.” said Floris de Kort, CEO of Thunes. Chloé Mayenobe “With our newly obtained U.S. licenses, Thunes is now uniquely positioned to empower businesses across sectors – from travel and social media to digital assets, insurance, and gig economies – to join the world’s most robust and reliable cross-border payments network. As members of the Thunes Direct Global Network, they gain access to real-time payments and unlock new revenue opportunities in the fastest-growing markets worldwide.” said Chloé Mayenobe, President & Chief Operating Officer at Thunes.     The post Thunes Clears Regulatory Hurdle for U.S. Market Entry appeared first on Fintech Singapore.

Bloomsbury Residences, Faber Residence, and Faber Residence Showflat represent some of the most sought-after properties in Singapore’s thriving real estate scene. From the very beginning, Bloomsbury Residences, Faber Residence, and Faber Residence    Showflat position themselves as leaders in offering not just homes, but full lifestyle experiences. With rising demand for homes that balance luxury, […] The post Exploring the Unique Features of Faber Residence Showflat and How Bloomsbury Residences Redefine Modern Urban Living for Families and Investors Alike appeared first on TechBullion.

Embedded ERP banking innovator FISPAN secured $30 million in Series B funding. The round was led by Canapi Ventures and featured participation from existing investors, including Rhino Ventures. FISPAN most recently demoed its technology at FinovateEurope 2022 in London. In a round led by Canapi Ventures, embedded ERP banking specialist FISPAN has raised $30 million in Series B funding. Existing investors, including Rhino Ventures, also participated in the round. In a statement, the company said that the funds will help FISPAN expand the set of ERP platforms it supports, add actionable insights to its Accounts Payables solution, and launch a new Accounts Receivables automation product. In addition to accelerated product development, FISPAN noted that the capital will help the firm scale its go-to-market efforts and expand its market reach as well as support strategic talent acquisition. FISPAN helps businesses integrate banking services directly into their enterprise resource planning (ERP) systems and accounting software. The company helps banks maximize their investments in host-to-host and API platforms that have enabled large businesses to experience greater productivity by connecting to their financial institutions directly. FISPAN’s technology packages these connectivity capabilities to empower banks to deliver their treasury products to mid-market and smaller businesses by way of an easy-to-install, out-of-the-box, in-ERP plugin. This empowers banks to offer integrated client experiences via financial and banking capabilities that are embedded directly into their existing ERP systems. This facilitates centralized financial workflows, automated processes, and fewer manual errors for businesses. “This Series B funding is a pivotal moment for FISPAN, empowering us to significantly scale our innovation and market reach,” FISPAN Founder and CEO Lisa Shields said. “Canapi quickly distinguished themselves through their understanding of the embedded ERP banking landscape and our unique opportunity within it. With an LP network of over 75 financial institutions—and partners with banktech operating expertise—Canapi is a natural partner for our next chapter. We’re excited to work with Canapi to help more treasury teams optimize their operations.” A multi-stage venture capital firm, Canapi Ventures invests in fintech and enterprise software and is backed by the Canapi Alliance, whose network of leading financial institutions stretches across the US. As part of its investment in FISPAN, Canapi Ventures’ General Partner Tom Davis will join the company’s board of directors. “FISPAN is at the forefront of a fundamental shift in how businesses interact with their banks,” Canapi Ventures General Partner Tom Davis said. “Their proven ability to deliver highly sought-after embedded finance solutions positions them for tremendous growth. Our investment reflects our confidence in their visionary team and their capacity to build a leading platform that drives efficiency and value for both financial institutions and their corporate clients.” Founded in 2016 and headquartered in Vancouver, British Columbia, Canada, FISPAN made its Finovate debut in 2017 at FinovateFall in New York and most recently demoed its technology at FinovateEurope 2022 in London. The company counts the world’s largest banks and nearly 5,000 businesses throughout North America among its customers. FISPAN began 2025 announcing that partner BMO had launched its embedded banking solution, BMO Sync. The new offering will enable businesses to automate payments, streamline workflows, and achieve enhanced cash flow visibility to simplify the payments process. Photo by Kyle Ryan on Unsplash The post FISPAN Locks in $30 Million in Series B Funding appeared first on Finovate.       

Amazon plans to spend $10 billion on new data centers in North Carolina to expand its artificial intelligence infrastructure, the company said.

UK-based healthtech platform HealthKey has acquired fellow startup Syndi Health in a move aimed at deepening AI capabilities and strengthening its personalised healthcare offering, particularly in the employer wellbeing space. The acquisition, finalised in May, is the latest sign of a fast-evolving shift in how companies approach preventative care amid a growing global mental health crisis and increasing expectations for tailored benefits. Founded in 2020 and backed by Entrepreneur First, Syndi Health offers AI-driven assessment tools that help users identify which digital health services best fit their individual needs.  HealthKey, which operates a digital marketplace connecting users to a broad range of vetted healthcare services, will now integrate Syndi’s technology to enhance its personalisation engine. UK employers are now losing an estimated £138 billion annually to absenteeism, while U.S. employers face an even steeper bill of $575 billion, according to industry estimates. Traditional workplace wellbeing programs, often underutilised, are increasingly being replaced by platforms that offer more personalised and data-driven engagement. "This acquisition combines two companies with similar roots and fully aligned missions," said David Joerring, CEO of HealthKey. "We have both been focused on supporting people with better access to healthcare through technology, making preventative care more personalised and affordable." “Together, we’re going to be able to empower organisations to support the diverse needs of members and employees, guiding them to find precisely the right solutions for their individual needs at a scale which puts an incredible array of options on the table for our customers and end-users,” added Ben Lakey, Co-Founder and CEO of Syndi Health. “For someone wondering if they should use a meditation app or speak with a therapist, or which specific service would work best for their situation, our combined technology will provide clear, clinically-backed guidance,” Joerring added. As part of the deal, Syndi CEO Ben Lakey will join HealthKey as Director of Operations, bringing experience from both the healthtech and medtech sectors.  The acquisition also brings new employer partnerships into HealthKey’s portfolio, with customers from both startups, including workplace benefits providers like Each Person and JustGo having access to the combined products. 

British fintech firm Revolut will launch its first automated teller machines (ATMs) next Monday in Madrid and Barcelona, two major Spanish cities.The company will initially deploy 50 ATMs and plans to expand to up to 200 across four Spanish cities—Barcelona, Madrid, Valencia, and Malaga—over the next two years. It aims to install three to five new machines each week.A “Cashless” Firm, While “Cash Remains Important”These ATMs will allow non-registered users to obtain a Revolut debit card on the spot and use it without any charge. However, a fee will apply when withdrawing money using debit cards from other banks.Speaking to the local press, Antonie le Nel, Chief Growth and Marketing Officer at Revolut, highlighted that Spain will be the first market to test the next phase of the “cashless organisation” but acknowledged that “cash is still important.”He also revealed that one in ten Spaniards is a Revolut customer. Spain is Revolut’s second-largest market in continental Europe, with nearly 5 million users—behind only France, where it has more than 5 million customers. The United States, with over 11 million customers, remains Revolut’s largest market.Revolut’s European ExpansionFinanceMagnates.com previously reported that Revolut plans to invest more than €1 billion (US$1.1 billion) in France and apply for a French banking licence. The firm also aims to grow its user base in the country to 10 million by the end of next year and 20 million by 2030.Although Revolut operates across the European Union with a banking licence from Lithuania, it only received a similar licence in the UK last year. However, it has yet to launch services under the UK banking licence. Meanwhile, the neobank has also applied for a banking licence in New Zealand.Revolut positioned itself as a challenger bank with its app-based platform. It is now leveraging its large customer base to expand its product offering. Last year, it partnered with CMC Connect to offer contracts for differences (CFDs) in three European countries, with plans for further expansion. This article was written by Arnab Shome at www.financemagnates.com.

XTransfer, a China-based B2B cross border trade payment platform, has announced plans to expand into the Netherlands. The company formalised its intention during a signing ceremony at Money20/20 Europe in Amsterdam, where representatives from XTransfer and the Netherlands Foreign Investment Agency (NFIA) signed a Letter of Intention. The signing took place at XTransfer’s booth, with Bill Deng, Founder and Chief Executive Officer of XTransfer, and Hans Kuijpers, Director of Investment Projects at the NFIA, in attendance. The Netherlands, widely recognised for its fintech ecosystem, offers a strong digital infrastructure, a supportive regulatory environment and a collaborative business climate. These factors have made it a strategic choice for XTransfer’s European expansion. Bill Deng said, Bill Deng “Our intention to invest not only demonstrates our long-term commitment to the region but also reflects our deep appreciation for the Netherlands’ position as a leader in fintech innovation. We look forward to growing alongside the local ecosystem and empowering SMEs across Europe with innovative cross border payment solutions.” Hans Kuijpers added, Hans Kuijpers “We warmly welcome XTransfer’s decision to establish its European base in the Netherlands. Their international presence, innovative compliance technology, and strong focus on SME cross border payments strengthen our dynamic fintech ecosystem. Backed by a Dutch EMI license, this expansion reinforces the Netherlands’ position as a key player in international digital finance.” This development marks a step forward in XTransfer’s strategy to build a stronger cross border payment infrastructure in Europe. The company aims to support local SMEs with integrated financial services for international trade and plans to collaborate closely with banks, financial institutions and other fintech players in the Netherlands. The announcement comes after XTransfer secured an Electronic Money Institution license from the Dutch Central Bank, allowing it to offer a full payment solution to local trading SMEs. The post China’s XTransfer Announces European Expansion with Move into the Netherlands appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.

A New Era in Seamless Financial Transactions Highlights: Deutsche Bank collaborates with Mastercard to enhance open banking payment solutions. The partnership aims to streamline transactions and improve customer experiences. This initiative reflects the growing trend towards digital banking and payment integration. Deutsche Bank and Mastercard’s collaboration signals a significant shift in the future of open banking payments. By combining their expertise and technologies, the two financial giants aim to enhance the transaction experience for consumers, allowing for quicker and more efficient processing. The initiative is part of a broader movement towards integrated financial services that prioritize user convenience and innovation in a digital landscape.

Karat Financial, the company known for its credit cards for creators, is launching a creator-focused business banking product. Powered by digital bank Grasshopper, Karat’s banking product is a natural extension of its credit card offering with Visa. “Six years in, the problem we’re solving is still the same,” co-founder and co-CEO Eric Wei told TechCrunch. […]

Reverse factoring has emerged as a powerful tool in modern trade finance. By improving cash flow, enhancing supplier relationships, and aligning payment terms across the value chain, it enables businesses to operate with more flexibility and less friction. In a business environment where supply chain resilience and liquidity are under pressure, reverse factoring offers a strategic solution. It allows suppliers to receive early payment on invoices, while buyers optimise working capital. All without the need for traditional borrowing. This article explores what reverse factoring is, how it works in practice, and why it matters more than ever for finance teams navigating global trade. What Is Reverse Factoring? Reverse factoring, also known as supply chain finance (SCF), is a buyer-led financing arrangement that helps suppliers access early payments based on the buyer’s credit standing. The key feature of reverse factoring is that financing decisions are based on the buyer’s risk profile, not the supplier’s. This shifts the dynamic. It is enabling smaller or less creditworthy suppliers to benefit from preferential financing rates normally reserved for large corporations. A typical reverse factoring structure involves three parties: Buyer: A large company that approves supplier invoices Supplier: The vendor delivering goods or services Finance provider: A bank or fintech that advances payment to the supplier By offering early payment options once invoices are approved, buyers support their supply base while extending their own payment timelines, It is creating a win-win situation. How Reverse Factoring Works The reverse factoring process follows a straightforward flow: The supplier delivers goods or services and issues an invoice. The buyer reviews and confirms the invoice. The invoice is uploaded to a financing platform. The supplier can opt to receive early payment at a discount. The finance provider pays the supplier. On the invoice due date, the buyer repays the finance provider in full. This arrangement provides liquidity to the supplier without increasing their debt burden. Meanwhile, the buyer gains working capital benefits and a stronger, more stable supply chain. Benefits of Reverse Factoring Photo by Samuel Wölfl on Pexels.com The rise of reverse factoring reflects its multiple benefits across procurement and finance functions: Faster supplier payments: Suppliers receive funds earlier, improving their liquidity position Stronger supplier relationships: Buyers build goodwill by supporting supplier cash flow Extended payment terms: Buyers lengthen their DPO without harming their vendor base Lower financing costs: Suppliers benefit from the buyer’s stronger credit profile Reduced supply chain risk: Improved liquidity decreases the likelihood of supplier failure In essence, reverse factoring turns the payment process into a collaborative financial strategy. Technology and Platform Innovation Photo by eric anada on Pexels.com Digital platforms have made reverse factoring more accessible and scalable. Cloud-based solutions now support: Automated invoice approval and payment workflows e-invoicing and real-time invoice status updates API integrations with ERP systems Global supplier onboarding and compliance Analytics for working capital optimisation Providers such as Taulia, PrimeRevenue, and Demica offer mature platforms for reverse factoring, while fintech entrants have introduced real-time dynamic discounting and tokenised invoice solutions. Technology has reduced the onboarding burden and improved transparency across complex supply chains. Key Challenges in Implementation Photo by Pixabay on Pexels.com Despite its advantages, reverse factoring is not without hurdles: Supplier education: Some suppliers may resist the programme or lack awareness Onboarding friction: Especially in cross-border environments with KYC and documentation requirements Accounting impact: Depending on structure, reverse factoring can trigger reclassification concerns Concentration risk: Programmes often rely heavily on the credit strength of a few large buyers Successful rollouts require clear communication, supplier incentives, and internal alignment across finance, procurement, and treasury teams. Future Trends in Reverse Factoring Photo by Chanaka on Pexels.com Several trends are redefining the future of reverse factoring: Embedded finance integration: SCF tools embedded into procurement and invoicing platforms Blockchain smart contracts: Enabling real-time settlement and immutable invoice verification ESG-linked finance models: Offering better terms to suppliers meeting sustainability criteria AI-driven credit and fraud scoring: Enhancing trust and scalability in global programmes Multibank networks: Supporting diverse funding sources to reduce dependency on a single financier As supply chains become more digital and more distributed, reverse factoring will play a greater role in maintaining liquidity and operational continuity. Reverse factoring is no longer a niche financial product. It is a strategic tool that links procurement, treasury, and supplier relationships into one cohesive system. By enabling early payments based on the buyer’s credit strength, reverse factoring helps companies support their supply base without increasing their own financial exposure. In today’s volatile economic environment, this approach offers a practical path to strengthening trust, unlocking cash, and building more resilient supply chains. The post Reverse Factoring: Unlocking Liquidity and Trust Between Buyers and Suppliers appeared first on Fintech Review.

If you’ve ever dreamt of working at Revolut, you’re not alone. The fast-paced fintech scale-up is infamous for its hyper-growth, relentless drive, and high expectations. But behind its meteoric rise is a talent strategy as precise as its customer acquisition machine. While many companies are busy crafting values posters for their office walls, Revolut builds playbooks. Why? Because playbooks are systematic, uncompromising, and scalable. And Revolut’s Hiring Playbook is no exception. Originally shared by Quantum Light Capital, the Hiring Playbook pulls back the curtain on how Revolut finds, filters, and hires exceptional people. 1. No Room for Average: Hiring for “Exceptional Talent Only” Revolut doesn’t sugar-coat it: they want the top 1%. Revolut’s hiring playbook makes it clear that every hire must be “exceptional”. Not good. Not even very good. Exceptional. But what does that mean in practice? It’s a combination of raw intelligence, relentless drive, and deep ownership. The bar is high by design. As the playbook notes: “One exceptional performer delivers more than 5 average ones.” This is why Revolut runs a rigorous process. Not just to assess skills, but to screen for attitude, pace, and resilience. 2. You’ll Interview a Lot, and That’s the Point Forget the cosy one-hour coffee chat. At Revolut, interviews are structured, intense, and standardised. Depending on the role, candidates can expect: A take-home task or live case study Multiple rounds with team leads and domain experts A final “bar raiser” interview with senior leadership This approach weeds out candidates who are average and finds those who are wired for high output. Consistency is key: hiring managers are trained to evaluate against clear criteria, not vibes. 3. Bias for Action (and Grit) If you’re the type who waits for permission, look elsewhere. Revolut wants doers. The hiring playbook is unapologetically biased toward people who move fast, break bottlenecks, and get things done. “High ownership” is a theme throughout. So is resilience. If you can’t handle ambiguity, rapid shifts in direction, or high-stakes decisions, this isn’t your kind of playground. In fact, the playbook explicitly warns against hiring candidates who talk too much and do too little. The preferred profile? People with “a track record of building, shipping, and iterating.” 4. Don’t Hire for Culture Fit. Hire for Output Fit. Traditional companies look for culture fit. Revolut looks for output fit. Revolut famously had “get shit done” on the wall of their offices. They’re not interested in whether you get along with everyone at the team offsite. What matters is whether you can perform consistently, push boundaries, and raise the standard for everyone around you. The playbook puts it plainly: “Culture fit is not a free pass for average performance.” In other words, high performance is the culture. 5. Hire Like a Product Manager One of the most unusual parts of the Revolut hiring playbook? Its product mindset. Hiring is treated like product development. That means structured feedback, A/B testing outreach strategies, iterating on job descriptions, and improving every step of the funnel. Recruiters are expected to move fast, experiment, and constantly refine their process. It’s a data-first approach to hiring, just as you’d expect from a company that built its reputation on product obsession. 6. Firing Fast Is Part of the Deal This might be the most controversial bit: Revolut believes in firing fast when a hire doesn’t work out. Their stance is pragmatic. Bad hires cost time, morale, and velocity. If someone’s not performing, the playbook advises managers to take action early. That doesn’t mean firing at the first mistake. It means measuring performance and acting decisively. The flipside? Revolut isn’t afraid to hire promising people without all the credentials, if they show the right traits. But the leash is short. Final Thoughts: A Playbook Built for Velocity Revolut’s hiring system is not for everyone. It’s intense, methodical, and laser-focused on performance. There’s no room for politics or passengers. But for candidates who thrive under pressure, who love speed and impact, and who want to build something at scale. It might just be the dream job. If you’re considering joining a fintech rocket ship, study the playbook. Because Revolut won’t compromise on talent, and neither should you. The post Inside Revolut’s Hiring Playbook: What It Takes to Join the Fintech Juggernaut appeared first on Fintech Review.