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New Study Ranks MiFinity Among the Top Secure Payment Solutions Companies
MiFinity, the secure eWallet provider, has maintained its position as one of the best Secure Payment Solutions companies in a recent study conducted by The Plimsoll Analysis. The study analysed 220 Secure Payment Solutions companies and assessed their health, value, and prospects in the overall market.
Despite challenging market conditions and a decrease in FinTech valuations due to economic factors, MiFinity has demonstrated good health and strong performance. In the last two years, the company has experienced exponential growth, doubling its merchant base and achieving record new account sign-ups. MiFinity attributes its success to its agility, innovation, and customer-centric approach.
The Plimsoll study revealed that 82 of the audited companies were in financial danger, and a record number were making a loss. FinTech valuations have also experienced a downturn compared to the highs of 2021 due to volatile technology stocks and rising interest rates, with several companies including Revolut, Varo Bank, Klarna, and Stripe experiencing valuations cuts.
Despite this challenging backdrop, MiFinity’s performance and market position have provided confidence to customers, merchants, and investors in the company’s ongoing strength and resilience. Since the company’s management buyout in 2017, MiFinity has built the necessary scale to generate sustainable growth, with transaction volumes surging by over 130% since 2021 and the integration of over 500 merchant brands in 2022.
Looking ahead, MiFinity has ambitious growth plans for 2023 and beyond, with the launch of new products and services such as MiFinity Instant Bank Transfer and MiFinity Bonus, which showcases exclusive deals and offers from the company’s partners across multiple industries. More innovations are also in the pipeline, including a new native and desktop experience for the MiFinity eWallet app and a new iFrame.
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Maven VCTs Launch £50 Million Fundraise
The Maven VCTs are also notable for the diversification they offer. Spread an investment across all four Maven VCTs and an investor will be invested in over 130 private and AIM quoted companies. A diverse portfolio helps ensure individual failures, inevitable when investing in small companies, don’t sink the whole VCT.
Attivo Deploys Recordsure’s AI Technology to Evidence Its Ongoing Advice Compliance and Cut File Review Costs
Attivo, a forward-thinking and rapidly growing independent financial advice firm, has implemented Recordsure’s predictive AI technology to enhance its ongoing advice compliance, ensure consistent and compliant service delivery, and reduce the cost of file reviews.
Digital Euro: Almaviva and Fabrick Selected by ECB
Almaviva, an Italian digital innovation Group, and Fabrick, a Sella Group company active in Open Finance at an international level, have been selected by the European Central Bank (ECB), as part of the Digital Euro project, to develop the mobile app and its technological infrastructure that will enable European citizens to use the European digital currency.
Cuzdan LLC Partners with PayTabs Group to Power Azerbaijan’s Digital Payments Future
Cuzdan LLC, one of Azerbaijan’s fast emerging financial institutions, today announced the rollout of its new nationwide payment orchestration platform. Powered by PayTabs Group’s award-winning payment orchestration infrastructure, the platform is set to transform Azerbaijan’s payments landscape by enabling merchants and consumers to transact with greater speed, security, and convenience.
EFT Corporation Appoints Adri Führi as Group Chief Financial Officer
EFT Corporation, a leading payment solutions provider operating across African markets, today announced the appointment of Adri Führi as Group Chief Financial Officer, effective immediately.
PayDo Introduces USD IBAN via SWIFT
PayDo has added dedicated USD IBAN accounts to its platform, now available for clients through the SWIFT network. This new feature allows businesses and professionals to receive US dollar payments directly, without delays from intermediary bank checks. At the same time, PayDo has extended its currency support to more than 60 national and regional currencies.
Aditya Birla Global Trading and Crown Agents Bank Partners to Support Business Expansion Across Africa
Crown Agents Bank (CAB) has collaborated with Aditya Birla Global Trading (formerly Swiss Singapore) to develop tailored financial solutions that support their strategic expansion across African markets.
EXCLUSIVE: “The Advantage of Ancient Errors” – Tony Fish in ‘Discover Sibos 2025’
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EXCLUSIVE: “Game Changer” – Andy Lyons, Freemarket in ‘The Fintech Magazine’
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Binance Launches The Blockchain 100 Award to Honor Top Creators Driving Blockchain Innovation
Binance, the world’s largest crypto exchange by trading volume and users, today announced the inaugural launch of The Blockchain 100. This new annual awards show is designed to recognize and celebrate the most influential creators advancing blockchain education, innovation, and community engagement.
MAPFRE AM Appoints Ismael García Puente as the New Deputy Director of Investment Strategy
MAPFRE AM, the asset management arm of MAPFRE Group has appointed Ismael García Puente as the new Deputy Director of Investment Strategy, a newly created position in which he will be involved in the development and communication of the MAPFRE Group’s investment strategy, overseeing the management of specialist funds, market analysis, and asset allocation. He will also continue to assume responsibility for managing the wealth manager networks and life insurance portfolios as well as liaising with customers.
Open Banking Startup Yavrio Named One of CNBC’s UK Top Fintechs 2025, Cementing Leadership in Enterprise Finance
Yavrio, a fast-growing Open Banking fintech enabling embedded payments and banking directly into ERPs, has been selected as one of CNBC’s Top UK Fintechs 2025.
Crypto Wallet Adoption is Skewing Affluent as Dreams of Financial Freedom Fades
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Asia Insurance Has Launched With CoverGo To Enable End-to-End Health Insurance Digital Experience
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