Today in FinTech: Klarna strikes deal with PriceRunner
In today’s FinTech news, Kedivo’s parent company, FinAccel, has taken a 75% stake in Bank Bisnis, while Klarna has finalized its deal for PriceRunner. Additionally, Telepin and DigiWallet are working together to bring mobile financial services to Belize.
FinAccel Acquires $200 Million Majority Stake in Bank Bisnis
FinAccel, the parent company of Kedivo, is buying 75% of the capital of the Indonesian financial institution Bank Bisnis International for 200 million dollars. The move gives the FinTech startup greater momentum towards online banking, digital credit, buy-now, pay-later (BNPL), and loan expansion.
Klarna Reaches Agreement to Acquire PriceRunner
BNPL Klarna has completed the acquisition of price comparison service PriceRunner.
The two combined companies will bring new features to the Klarna app, including product discovery, price comparisons and reviews. PriceRunner will also benefit from Klarna’s 400,000 global business partners.
DigiWallet teams up with Telepin to advance mobile financial services
Mobile payment solution DigiWallet partners with mobile banking software company Telepin to expand mobile financial services in Belize.
DigiWallet chose Telepin because of its scalable, cloud-native software. With Telepin’s software powering the rollout, DigiWallet will expand mobile banking efforts across Belize.
UPS partners with Jumia Africa on e-commerce distribution network
United Parcel Service (UPS) is leveraging its distribution network Jumia Technologies, an Africa-focused online marketplace, to expand its footprint on the continent.
The partnership ignites the delivery giant’s presence in Africa initially starting with Kenya, Morocco and Nigeria. Renzo Bravo, UPS’s chief strategy officer for the Indian subcontinent, Middle East and Africa, said e-commerce is expected to maintain its upward trajectory in Africa.
Sustainable FinTech CarbonPay Launches Business Payment Card
CarbonPay, a sustainability-focused FinTech, is launching a prepaid corporate card to help businesses offset their carbon footprint.
For every £1 or $1.50 spent, businesses can offset one kilogram of CO2. The card aligns with the company’s mission to “turn every transaction into meaningful change.”
Codebase Technologies Launches Branded BNPL Solution
Codebase Technologies is launching a BNPL product to help payment services and other businesses add the alternative payment type to their offerings.
The company seeks to fill the void that leaves legacy institutions on the sidelines when it comes to adopting new technologies. The new technology is expected to give banks, FinTechs, lenders, retailers and others the ability to launch their own payout products.