LendTech
Canadian fintech Neo Financial raises $50 million
Neo Financial, a fintech based in Canada specialising in spending, savings and rewards, has closed a $50 million (CAD $64 million) series B funding round.
This latest round takes Neo’s total funding raised to almost $90...
Mastercard swoops for CipherTrace and Aiia
Mastercard has announced two acquisitions this month, swooping for cryptocurrency intelligence company CipherTrace and Aiia, the European open banking technology provider.
US-based CipherTrace helps customers, including banks, exchanges,...
Capital markets fintech Irwin closes $20m series A round
Canada-based capital markets fintech Irwin has closed a $20 million series A financing round.
K1 Investment Management, a firm that focuses on high-growth enterprise software companies, led the round,...
PayPal to acquire payments and BNPL fintech Paidy
PayPal will acquire Paidy, a payments and buy now, pay later provider in Japan, for approximately $2.7 billion.
The acquisition will expand PayPal’s capabilities, distribution and relevance in the domestic payments market in Japan, and complement its existing cross-border ecommerce business...
Trade Ledger powers new ScotPac origination and underwriting experience
Digital lending technology provider Trade Ledger has joined forces with ScotPac, Australia and New Zealand’s largest non-bank lender to small and medium-sized enterprises (SMEs), to create an...
TheCityUK plans push for UK to become world’s top financial centre
Financial services trade group TheCityUK has unveiled a plan to propel the UK into the position of the world’s leading international financial centre within five years.
Developed in partnership with...
Crypto exchange FTX.US moves into derivatives with LedgerX acquisition
Cryptocurrency exchange FTX.US has agreed to acquire LedgerX, a digital currency futures and options exchange and clearinghouse.
The deal, for an undisclosed sum, will see FTX.US move into regulated...
A world without borders for marketplace merchants
The world of online trading is maturing, but it is still feeling the pain points of a rapidly growing and evolving marketplace where new merchants face multiple...
Bitt chosen to develop Nigeria’s digital currency
Bitt, the fintech based in Barbados using blockchain to facilitate cross-border payments, has been selected to develop Nigeria’s digital currency, eNaira.
The Central Bank of...
Alpaca raises $50 million and announces crypto offering
Alpaca, the stock brokerage provider that offers APIs for fintech apps to connect and trade in US equities, has closed a $50 million series B funding round.
The...
Airwallex expands into the US
Airwallex, the Australia-headquartered cross-border payments provider, has launched in the US.
The expansion means Airwallex’s target business customers in the US will be able access a full suite of cross-border payment products and services, including cards and international...
Corporates join the real-time payments revolution
Instant payments both locally and cross-border have become so normalised for retail customers that they would simply go elsewhere if subjected to the costs...
PayPal launches cryptocurrency service in the UK
PayPal is rolling out its cryptocurrency service, giving users the ability to hold, buy and sell Bitcoin, Ethereum, Litecoin and Bitcoin Cash, in the UK.
Users will, over the next...
WorldRemit becomes Zepz as $5b valuation achieved
WorldRemit Group has rebranded as Zepz after raising $292 million in new primary financing.
The cross-border payments provider is now valued at $5 billion. The round includes new equity investors Farallon Capital among others,...
Nerve, a neobank for musicians, to launch in September
Nerve, the first neobank created specifically for musicians, is launching next month to provide dedicated financial products and services to this specialist subset of entrepreneurs and self-employed professionals.
The neobank, based in Texas, USA, plans to...
Sightline Payments achieves $1b+ valuation
Las Vegas-based Sightline Payments has completed a $244 million funding round valuing the fintech at more than $1 billion.
This latest funding round makes Sightline...
Working together for better cross-border banking
Banks and fintechs can gain significant cost saving and efficiency benefits, and remain more competitive, through collaboration within the financial ecosystem. But how can...
Brex acquires Weav for $50 million
US fintech company Brex has acquired Israel-based Weav for $50 million.
Brex says the acquisition will allow the fintech to expand its global presence by...
LendInvest partners with HSBC and Barclays
LendInvest has struck partnerships with HSBC and Barclays that will see the banks provide funding for short-term mortgages through the property finance firm's digital...
Upgrade closes $105m series E round
US digital bank Upgrade has closed a $105 million series E funding round.
The round, led by Koch Disruptive Technologies (KDT) with participation from new...
Citi aims to connect local businesses and banks with new digital platform
Citi has launched a new digital lending platform designed to help small and medium-sized enterprises (SMEs) connect with regional, local and community banks.
Called Bridge...
Circle plans to become US commercial bank
Circle, the US fintech firm combining with Concord Acquisition Corp with a view to going public, is taking steps to become a federally chartered...
Eos Venture Partners hires Zach Powell as general partner
Eos Venture Partners, the venture capital fund focused exclusively on insurtech, has hired Zach Powell as general partner based in Southern California.
Powell brings deep...
FreshBooks secures $130m in funding
FreshBooks, a cloud accounting software provider, has raised US$80.75 million in series E funding.
The Canada-based company secured an additional US$50 million in debt financing,...
‘Super app’ provider Paysme launches £1m funding round on Globacap
Paysme has launched its £1 million funding round on the private capital platform Globacap to expand what the UK fintech calls Europe’s first-ever B2B...
Square to acquire Australian fintech Afterpay in $29 billion deal
Payments company Square is acquiring Australian buy now, pay later (BNPL) fintech Afterpay for approximately US$29 billion (A$39 billion).
California-headquartered Square, led by Twitter's Jack...
Reserve Trust finalises $30.5m series A and executive appointments
Reserve Trust has raised $30.5 million in a series A funding round.
QED Investors led the series A round, with participation from FinTech Collective and...
Klarna acquires APPRL to take advantage of social commerce
Klarna has expanded its retailer marketing services with the acquisition of Stockholm-based marketing software provider APPRL.
The bank is actively building its suite of tools...
Lloyds Banking Group to acquire Embark for £390m
Lloyds Banking Group is acquiring Embark Group, one of the largest retirement solutions providers in the UK, for £390 million.
As part of the deal,...
Nium raises $200m+ and achieves unicorn status
Nium, the global B2B payments provider headquartered in Singapore, has raised more than $200 million in a series D round led by Riverwood Capital.
Joining...
Solarisbank raises €190 million and acquires Contis
Solarisbank, the European banking-as-a-service provider, has raised €190 million in an oversubscribed series D funding round that values the Germany-based fintech at €1.4 billion.
The...
SaaScada appoints Paul Payne as chief technology officer
SaaScada, the new core banking platform and services provider, has appointed Paul Payne as its chief technology officer.
Payne will oversee the execution of UK-based...
Corefy opens new office to expand its presence in the Asia Pacific
Payment orchestration platform provider Corefy has opened its first regional office in the Asia Pacific with the aim to expand the company's global coverage.
Corefy...
Paystand raises $50m in series C funding round
Paystand, the blockchain-enabled payment network provider for business, completed a $50 million series C round of funding led by NewView Capital.
SoftBank’s Opportunity Fund, King...
Starling Bank acquires buy-to-let specialist mortgage lender
Starling Bank has acquired specialist buy-to-let mortgage lender Fleet Mortgages in a £50 million cash and share deal.
Fleet Mortgages, based in Hampshire, UK, focuses...
Fintech’s finest celebrate at the UK FinTech Awards 2021
Starling Bank won FinTech of the Year last night to cap off a UK FinTech Awards 2021 ceremony in which 22 categories were closely...
Capchase lands $280m as new BNPL product launches
Capchase, a New York-based provider of non-dilutive capital, has secured $280 million in new debt and equity financing in a round led by i80...
Paytm plans IPO worth $2.2 billion
India-based digital payments company Paytm is planning an initial public offering worth up to $2.2 billion.
Paytm, whose payments app is used by more than...
Daloopa closes $20m series A round
Daloopa has closed $20 million in series A financing to accelerate its AI-driven data extraction offerings for financial institutions.
The new funding round was led...
Revolut raises $800m of funding
Revolut, the fintech whose banking app has more than 16 million customers worldwide, has raised $800 million in series E funding, valuing the business...
Meet the #UKFTAwards finalists: Synectics Solutions
Synectics Solutions, a provider of anti-fraud solutions based on syndicated data and predictive analytics, is a finalist for Data Initiative of the Year at...
Meet the #UKFTAwards finalists: Digital Identity Net
Digital Identity Net, whose OneID service empowers people to leverage their identity, decide who has access to it, and how they share it, is...
SumUp brings Apple Pay to merchants with SumUp Card
Global payments service provider SumUp is bringing Apple Pay to UK-based customers.
Apple Pay is a safer, more secure and private way to pay that...
Circle to float on NYSE
Circle, a fintech that provides payments and treasury infrastructure for internet businesses, is combining with Concord Acquisition Corp, a publicly traded special purpose acquisition...
Crown Agents Bank launches EMpower Pensions
Crown Agents Bank, the UK-regulated financial service partner of choice for governments, international development organisations, banks and pension administrators, has launched a new pension...
Pine Labs closes lucrative funding round
Merchant commerce and consumer payments provider Pine Labs has closed its latest funding round.
The funding round is worth $600 million to the India-headquartered fintech...
Rapyd to acquire Valitor for $100m
Payments fintech Rapyd has entered into a definitive agreement with Arion Bank to acquire Valitor, an Icelandic payments solutions company. The deal is worth...
US insurtech Player’s Health appoints industry heavyweight to boost insurance division
Player’s Health, a data-driven insurance and risk management provider that serves the sport and fitness markets, has appointed Naveen Anand as its new president...
Billhop appoints CCO and COO
Swedish payment platform provider Billhop has appointed two new hires to its executive management team.
Tashi Gauffin joins as chief commercial officer and Niklas Bothén...
Trade Ledger webinar to tackle data and bias in business lending decision making
Global technology provider Trade Ledger is hosting a live webinar on data and bias in decision making within business lending on 21 July.
Follow this...