Rocket Internet to launch European bank
Rocket Internet teams up with FinTech Group AG to offer banking services in Europe.
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Rocket Internet teams up with FinTech Group AG to offer banking services in Europe.
The CDC Group, the UK government’s development finance institution, has led a $55m investment round in Daraz, an online retailer in Asian frontier markets.
Rocket's Asia Pacific Internet Group (APACIG) aims to launch one new company per quarter. The first launch as part of this strategy will be online beauty marketplace Vaniday, starting in Australia.
Philippine Long Distance Telephone Company, a Filipino telecoms operator, has formed a joint venture with Rocket Internet to drive the adoption of online and mobile payment solutions in emerging markets.
E-commerce Incubator Rocket Internet’s online companies will now be able to offer international payment acceptance, acquiring and payment with the appropriate fraud prevention solutions thanks to a new cooperation agreement with Wirecard AG.
The partnership will see Rocket’s global technology platform combine with PLDT’s experience and intellectual propertyin m-payments and remittance platforms, to provide products and services to unbanked, uncarded and unconnected populations.