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Accounts payable and receivable platform Melio has landed $150 million in a strategic Series E round led by Fiserv. The investment, which brings the company’s total raised to $654 million, also saw strategic contributions from Shopify Ventures and Capital One Ventures, which are expected to boost Melio’s partnerships. Accel, Bessemer, Coatue, Frontline Ventures, General Catalyst, Read more...
Global bank Standard Chartered unveiled this week that it has teamed up with cross-border payments fintech Wise (formerly TransferWise). The bank has selected Wise Platform, Wise’s global payments infrastructure for banks, to power international payments for SC Remit, Standard Chartered’s cross-border payment service. Wise will facilitate fund transfers for SC Remit customers in Asia and the Middle Read more...
It's going to be hard to avoid the avalanche of news coverage of the U.S. Presidential election this week. But if you're looking for a respite from the political headlines, Finovate's Fintech Rundown is here for you! Be sure to check back all week long for the latest in fintech news. Open banking Financial API…