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Deals

Bux acquires ‘social’ cryptocurrency investment platform Blockport

“Bux , the Amsterdam-based fintech that wants to make investing more accessible, has acquired the European “social” cryptocurrency investment platform Blockport. Terms of the deal remain undisclosed, although Bux says the move paves the way for the company to launch its own branded cryptocurrency investment app. Dubbed “ BUX Crypto,” it will be available in […]
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Providers

Islamic Fintechs Are on the Rise — but Will They Survive?

“Fintech is a crowded space. But a new subgenre is emerging to attract the world’s 1.8bn Muslims with a Shariah-compliant alternative. Young Muslims want in on Europe’s fintech scene. Their pitch is that Muslims, who make up 20% of the world’s population, have been underserved not only by traditional banks, but also by modern fintechs. Shariah law forbids Muslims […]
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Providers

One Million Brits Now Use Open Banking

“The number of consumers using open banking has doubled in the past six months to more than one million, the UK’s Open Banking Implementation Entity (OBIE) reports, and there are now a total of 204 regulated service providers — up from 100 at the end of 2018. The one million open banking users now generate […]
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Providers

Fintechs Are Struggling With Consumer Adoption in the UK

“Just 2% and 3% of UK consumers surveyed by YouGov use budgeting apps and investment apps, respectively, to manage their money. Additionally, only 8% of consumers said they use digital-only banks to do so, which indicates that low adoption is an issue across the fintech space.  Although consumers aren’t adopting fintech services, interest in online […]
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On The Wires

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Providers

Chase Partners With DoorDash to Deliver New Benefit for Freedom, Sapphire and Slate Cardmembers When Ordering In

“Today Chase announced a new relationship with DoorDash, the nation’s leading on-demand food platform, to offer complimentary DashPass subscriptions for Sapphire, Freedom, and Slate cardmembers. Starting today, eligible cardmembers can activate and enjoy the convenience of DashPass, DoorDash’s subscription service that offers unlimited $0 delivery fees and reduced service fees on orders of $12 or […]