LendTech

Previsico hires partnerships manager to support accelerated demand in UK and US

Previsico hires partnerships manager to support accelerated demand in UK and US

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Previsico has appointed a partnership manager to support the insurtech’s bid to drive business development across the UK and US insurance markets. Johnny Stubbs (pictured)...
Thought Machine and Trade Ledger integrate platforms

Thought Machine and Trade Ledger integrate platforms

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Trade Ledger and Thought Machine have unveiled an integration that aims to provide a fully integrated technology stack for commercial lenders and banks. API-driven data...
Brite Payments hires compliance director

Brite Payments hires compliance director

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Stockholm-based instant payments provider Brite has hired Lisa Edström as its new compliance director. Edström’s recruitment underpins the fintech’s “compliance-first approach to payments innovation”. Brite Payments, hot on...
Denim rebrands and raises $126m

Denim rebrands and raises $126m

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Denim, a recently rebranded fintech serving the freight and logistics industry, has raised $126 million of funding. Pelion Venture Partners led the series B round....
PayPal appoints new chief product officer

PayPal appoints new chief product officer

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PayPal has appointed former Expedia executive John Kim as its new chief product officer. Kim (pictured) will take over from current chief product officer Mark...
FNZ to acquire specialist wealthtech provider DIAMOS

FNZ to acquire specialist wealthtech provider DIAMOS

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Wealth management firm FNZ has agreed to acquire DIAMOS, a specialist wealthtech provider based in Germany. DIAMOS serves the entire wealth management sector, including asset managers...
Kani Payments hires COO

Kani Payments hires COO

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UK data reconciliation and reporting fintech Kani Payments has appointed Dan Clappison to the role of chief operating officer. Clappison will “bolster the leadership team...
Why card and mobile money interoperability are critical to empowering African consumers and entrepreneurs

Why card and mobile money interoperability are critical to empowering African consumers and entrepreneurs

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When I founded MFS Africa more than a decade ago, I set a simple measure of success for the business. To facilitate access for...
Alloy raises $52m ahead of global expansion

Alloy raises $52m ahead of global expansion

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Regtech firm Alloy has raised an additional $52 million of funding to accelerates its growth to address the global demand for fraud prevention tools. The...
Digital bank Trust launches in Singapore

Digital bank Trust launches in Singapore

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Trust, a new digital bank backed by Standard Chartered Bank and FairPrice Group, has launched in Singapore. The digital bank launched with an offering that...
SumUp launches new consumer payments app

SumUp launches new consumer payments app

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Small business payments provider SumUp is expanding into the consumer space with a digital wallet designed to make shopping locally easier and more rewarding. The...
Validus lines up US$100 million securitisation facility

Validus lines up US$100 million securitisation facility

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Validus and Citibank have established a US$100 million securitisation facility. Collateralised by small and medium-sized enterprise (SME) loans originated by Validus in Singapore, this is the first...
Jenius Bank to launch in the US

Jenius Bank to launch in the US

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Japan’s Sumitomo Mitsui Financial Group and subsidiary SMBC Group are launching Jenius Bank, a new digital consumer banking business in the US. Jenius Bank will...
Hello Alice launches small business credit card with Mastercard

Hello Alice launches small business credit card with Mastercard

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Free small business platform Hello Alice has launched a new credit card in partnership with Mastercard and First National Bank of Omaha. The Hello Alice...
Finexos secures investment to launch new credit evaluation solution

Finexos secures investment to launch new credit evaluation solution

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Credit evaluation fintech Finexos has raised £695,000 of funding to push for market launch. Growth Capital Ventures led the investment in UK-based Finexos, which was...
Pie Insurance adds to executive team

Pie Insurance adds to executive team

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US insurtech Pie Insurance has appointed two executives to its leadership team. Ekta Aggarwal has joined Pie, which provides workers’ comp insurance for small businesses,...
Vyne to serve businesses through new Wix partnership

Vyne to serve businesses through new Wix partnership

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Bank account-to-account payments provider Vyne is now targeting small and medium-sized businesses via an integration with Wix.com. UK businesses that set up a website using...
India’s Jar raises $22.6 million

India’s Jar raises $22.6 million

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Jar has raised $22.6 million in a series B round that values the savings fintech at $300 million. India-based Jar plans to use the new funding to...
Zolve appoints chief compliance officer ahead of hiring push

Zolve appoints chief compliance officer ahead of hiring push

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Zolve, the startup neobank providing cross-border financial services for immigrants, has appointed Douglas T Hamilton as its chief compliance officer and announced plans to...
Remitly Global to acquire migrant worker remittance platform for $80m

Remitly Global to acquire migrant worker remittance platform for $80m

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Remitly Global has struck a deal to acquire Rewire, an Israel-based financial services platform provider for migrant workers. The deal, a mix of cash and...
SigFig hires chief product officer and director of digital wealth products

SigFig hires chief product officer and director of digital wealth products

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Financial services software firm SigFig has appointed Amanda LaFerriere as its chief product officer and Clifford Schoeman to the role of director of digital wealth...
abrdn acquires stake in UK digital securities exchange Archax

abrdn acquires stake in UK digital securities exchange Archax

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Wealth management firm abrdn has concluded a deal to become the largest external shareholder in Archax, the UK’s first regulated digital securities exchange. Launching later...
Central Payments raises $30m and spins out from Central Bank of Kansas City

Central Payments raises $30m and spins out from Central Bank of Kansas City

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US banking-as-a-service provider Central Payments has completed a $30 million growth equity raise and spun out from Central Bank of Kansas City. The existing management...
Finix raises $30m for embeddable payments

Finix raises $30m for embeddable payments

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Finix has raised $30 million of new capital, despite what the US fintech describes as “the more challenging economic environment this year”. The fresh funding brings...
Imburse partners with Sapiens to provide access to global payments

Imburse partners with Sapiens to provide access to global payments

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Imburse, a cloud-based payment middleware provider, has a struck an integration partnership with insurance software firm Sapiens International Corporation. The partnership will enable insurers that...
German fintech Serrala appoints new CEO

German fintech Serrala appoints new CEO

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Serrala, a financial automation and B2B payments software provider, has appointed former Collenda head Hartmut Wagner as its new chief executive officer. Wagner formally takes over...
Entries open for Insurtech Isle of Man and F10 acceleration programme

Entries open for Insurtech Isle of Man and F10 acceleration programme

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Insurtech Isle of Man has launched a joint acceleration programme with F10 for growth-stage startups and is now accepting applications. Interested insurtech startups can apply...
UNOAsia lands pre-series A funding ahead of digital bank launch

UNOAsia lands pre-series A funding ahead of digital bank launch

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Singapore-based fintech UNOAsia has secured US$11 million in a pre-series A round ahead of the commercial launch of its digital bank in the Philippines. Creador led...
Sharegain appoints head of business development

Sharegain appoints head of business development

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Securities lending fintech Sharegain has hired as its new Samuel Tuliebitz as head of business development. Tuliebitz, who most recently led fintech strategy for J.P. Morgan’s international...
Genesis Global secures strategic investments from Bank of America, BNY Mellon and Citi

Genesis Global secures strategic investments from Bank of America, BNY Mellon and Citi

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Genesis Global, the provider of a low-code app development platform for financial services, has raised $20 million in new funding. The “strategic support” from potential...
Investment in UK fintech increases despite global slowdown, reports Innovate Finance

Investment in UK fintech increases despite global slowdown, reports Innovate Finance

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The UK fintech sector is continuing to grow with investment reaching $9.1 billion so far this year, according to Innovate Finance. This figure represents a...
Trovata adds two open banking executives to lead expansion into Europe

Trovata adds two open banking executives to lead expansion into Europe

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US fintech Trovata has made two key appointments ahead of an expansion into Europe. Vladimir Pintea has joined the fintech, which automates cash workflows through...
Brazilian fintech Neon raises US$80 million for credit card fund

Brazilian fintech Neon raises US$80 million for credit card fund

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Brazil-based fintech and digital bank Neon has raised US$80 million in its first credit rights investment fund (FIDC) focused on credit cards. The funding will...
Insurtech Cover Genius acquires embedded ticket protection specialist Booking Protect

Insurtech Cover Genius acquires embedded ticket protection specialist Booking Protect

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US insurtech firm Cover Genius has acquired Booking Protect, a specialist in embedded ticket protection for ticket sellers, platforms and live event companies. The acquisition will...
SumUp launches Magic Pay for hospitality sector

SumUp launches Magic Pay for hospitality sector

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SumUp has launched a new QR code payment solution for the hospitality sector. Called Magic Pay, the new solution from the UK-based payments provider enables multiple...
Starling Bank achieves first full year of profitability

Starling Bank achieves first full year of profitability

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Starling Bank has achieved its first full year of profitability. The digital bank swung to a pre-tax profit of £32.1 million for the financial year...
Funding Circle hires vice president of engineering

Funding Circle hires vice president of engineering

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Funding Circle, the UK-based peer-to-peer lending firm focused on small businesses, has appointed Bruno Tavares as its vice president of engineering. Tavares brings more than 20 years...
FinTech Australia appoints Nick Kavass as its first policy lead

FinTech Australia appoints Nick Kavass as its first policy lead

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FinTech Australia has appointed former federal government adviser Nick Kavass as its first policy lead. Kavass brings to the role at the national association for Australian fintech startups...
TurnKey Lender raises $10m of new funding and appoints chairman of the board

TurnKey Lender raises $10m of new funding and appoints chairman of the board

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TurnKey Lender, a provider of lending automation and embedded financing software, has closed a US$10 million funding round. The fintech plans to use the funding “to...
Insurtech firm wefox raises $400m

Insurtech firm wefox raises $400m

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Germany-based insurtech wefox has closed a series D funding round worth $400 million. The equity and debt round gives wefox a post-money valuation of $4.5...
ID-Pal secures €7m in series A funding

ID-Pal secures €7m in series A funding

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ID-Pal, the global identity verification provider, has raised €7 million in a series A funding round to further fuel expansion into international markets. The new...
Mambu gains access to Visa DPS through new partnership

Mambu gains access to Visa DPS through new partnership

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Cloud banking provider Mambu has struck a partnership with Visa to utilise Visa DPS, one of the largest processors of Visa debit transactions globally. Germany-headquartered Mambu said...
YuLife aims to take wellness global after $120m series C

Insurtech YuLife aims to take wellness global after $120m series C

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Insurtech company YuLife has raised $120 million in a series C funding round. UK-based YuLife plans to invest the capital in a geographical expansion and...
Chip enhances savings experience with TrueLayer Payments

Chip enhances savings experience with TrueLayer Payments

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TrueLayer, an open banking provider in Europe, and wealth fintech Chip are teaming up to deliver an improved customer experience through dramatically faster account...
TPAY MOBILE appoints new CEO 2

TPAY MOBILE appoints new CEO

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TPAY MOBILE, the mobile payments provider serving the Middle East, Africa and Turkey, has appointed Gaston Aussems as its chief executive officer. Founder and current chief executive...
SumUp raises €590m

SumUp raises €590m

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Payments fintech SumUp concluded a €590 million funding round last week that gives the company an enterprise value of €8 billion. The capital injection will...
PayRetailers sponsors payments category at this year’s Europe FinTech Awards

PayRetailers sponsors payments category at this year’s Europe FinTech Awards

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Representatives from PayRetailers are attending major fintech industry gala the Europe FinTech Awards 2022 in association with ID-Pal on 7 July, in the payments firm’s...
Franklin Templeton launches Asian fintech incubator

Franklin Templeton launches Asian fintech incubator

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Asset management firm Franklin Templeton has officially opened its first Asian fintech incubator in Singapore. The Franklin Templeton Singapore FinTech Incubator is a joint incubation...
Citi chooses METACO for digital asset custody

Citi chooses METACO for digital asset custody

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Citi has selected METACO to develop and pilot digital asset custody capabilities. Switzerland-based fintech METACO will work with Citi to develop a platform to enable clients that use...
Pine Labs acquires API fintech Setu

Pine Labs acquires API fintech Setu

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Merchant commerce platform provider Pine Labs has struck a deal to acquire API fintech Setu. This is the third acquisition for India’s Pine Labs in...