INDONESIA > International provider of digital financial solutions, Wirecard has won Shell Indonesia as a new customer for Fleet cards

Shell logo To optimize the digital financial processes on one platform for Shell Indonesia, it has selected Wirecard, the international provider of digital financial solutions. Wirecard’s state-of-the –art fleet operations management with a special focus on control and efficiency will benefit Shell and the new Fleet card solution can be used for all purchases at Shell petrol stations throughout Indonesia. Intended to More …

BRAZIL > London based Xpress Money partners with Brazil based Confidence Corretora De Câmbio S.A. to increase network in Latin America

xpress money logo One of the fastest growing money transfer brands, Xpress Money has teamed up with a renowned Brazilian brand based Confidence Corretora De Câmbio S.A. that offers services such as solutions for individuals to buy foreign currency, exchange international checks, pay bills abroad, and send and receive money from abroad. With the new partnership, Xpress Money boasts a strong network of More …

LUXEMBOURG > US based Citibank is set to open a branch in Luxembourg after Brexit

citibank logo After Brexit, US based Citi bank is set to open a European private banking hub in Luxembourg. This news has been confirmed by the bank’s private bank which services clients with more than $25 million in total assets will benefit from the booking center in Luxembourg to mitigate potential disruption to business that might result from Brexit. Other banks especially More …

NETHERLANDS > Japan’s Mitsubishi UFJ Financial Group has chosen Amsterdam, the Netherlands as post- Brexit EU HQ

MUFG logo Mitsubishi UFJ Financial Group has chosen Amsterdam, the Netherlands as its post Brexit EU head quarter which would initially impact less than 100 jobs but eventually could lead to several hundred staff shifted out of London. MUFG currently employs around 2,100 employees in London. The corporate and retail banking of MUFG EU HQ has already been shifted to Amsterdam and More …

INDIA > PolicyBazaar raises funds from Wellington Management, True North and IDG Ventures.

policy bazaar logo EtechAces Marketing and Consulting, owners and operators of online insurance policy aggregator PolicyBazaar, has raised funds from Wellington Management, private equity firm True North and IDG Ventures India. The Gurgaon based company is valued around $500 million was founded in 2008 by IIT Delhi and IIM Ahmedabad alum Yashish Dahiya and has raised about Rs 1000 crore($154.8 million) till date. More …

LITHUANIA > Singapore based InstaRem obtains EMI license for Lithuania and plans to hire 25 employees

InstaRem logo InstaReM, a startup financial technology firm, got approval from Bank of Lithuania for Electronic Money Institution (EMI) license to provide international money transfer services in Europe from Vilnius. InstaReM plans to hire 25 Information Technology and Customer Service specialists by the end of the current year. Established in 2014, InstaReM currently has more than 100 staffs providing services in Australia, More …

SWITZERLAND > France based Euronext plans to open office in Zurich along with other offices in Frankfurt, Munich, Milan and Madrid

euronext logo Euronext, a European Stock exchange, is set to open offices in Zurich, Frankfurt, Munich, Milan and Madrid with the aim to support technology companies develop their business on a greater scale through capital markets. The company sees considerable growth opportunities in this sector. According to CEO Stéphane Boujnah, Euronext is interested in helping startups as they barely generate any revenues More …

SWITZERLAND > Decentralized IOS wallet – Breadwallet establishes HQ in Switzerland

breadwallet logo Breadwallet has closed a funding totaling $7 million and established its headquarters in Switzerland. According to Adam Traidman, CEO of Breadwallet, Switzerland is a perfect fit for Breadwallet due to its conservative financial legislation and its reputation for financial privacy for its consumers. Breadwallet investors include DAS Capital, East Ventures, Globe Advisors, Liberty City Ventures, Maffin Inc. OKWAVE and Saison More …