Payments

Arc raises $161m to build financing platform for software startups

Arc raises $161m to build financing platform for software startups

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Arc, the provider of a new financing platform for software-as-a-service (SaaS) startups, has launched with $161 million in total equity and debt funding. NFX, Bain...
Alto raises $40m to make it easier to invest in non-traditional assets

Alto raises $40m to make it easier to invest in non-traditional assets

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Alto, a platform provider for alternative asset retirement investment, has closed a series B funding round worth $40 million. Advance Venture Partners led this round,...
Rêv launches The X World Wallet in the US

Rêv launches The X World Wallet in the US

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Rêv has entered the US payments market with a new wallet ‘super app’ compatible with a range of providers. The X World Wallet is an...
Zwipe and Forzacard partner on biometric cards for Mexico

Zwipe and Forzacard partner on biometric cards for Mexico

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Biometric fintech company Zwipe and Forzacard are bringing biometric payment cards to Mexico. The new payment cards will be manufactured by Forzacard and powered by...
NEAR Foundation appoints CEO for blockchain expansion

NEAR Foundation appoints CEO for blockchain expansion

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Blockchain organisation the NEAR Foundation has appointed Marieke Flament, a former Circle and Mettle by NatWest executive, as its new chief executive officer. Flament is tasked with...
Manasquan Bank to connect customers to crypto through Bakkt

Manasquan Bank to connect customers to crypto through Bakkt

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Manasquan Bank retail customers could soon be buying, selling and holding cryptocurrency through a partnership with digital assets fintech Bakkt. The mutual community bank, based...
Monese eyes credit and lending with Trezeo acquisition

Monese eyes credit and lending with Trezeo acquisition

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Mobile banking fintech Monese is pressing ahead with a move into credit and lending after acquiring Trezeo. Trezeo, a specialist financial services provider for the...
Juspay raises $60m of series C funding

Juspay raises $60m of series C funding

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Payments fintech Juspay Technologies has raised US$ 60 million in series C funding to scale its business both in India and globally. Juspay will invest the funds in technology...
Tinkoff partners with Finastra for Asia expansion

Tinkoff partners with Finastra for Asia expansion

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Russia-based digital bank Tinkoff will use Finastra’s Fusion Essence Cloud core banking solution to power its planned expansion into the Philippines. Tinkoff, a digital bank...
Wells Fargo and HSBC to settle FX transactions using blockchain-based solution

Wells Fargo and HSBC to settle FX transactions using blockchain-based solution

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Wells Fargo and HSBC intend to use a blockchain-based solution to settle matched foreign exchange (FX) transactions. Through a bilateral agreement, the banks will both use...
Curve appoints new chief technology officer

Curve appoints new chief technology officer

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Curve has appointed Eric Molitor, a former Improbable and Amazon vice president, to the role of chief technology officer. Molitor joins Curve, the provider of an over-the-top banking platform that combines debit and credit cards...
WeLab acquires Bank Jasa Jakarta with plans for digital offering in Indonesia

WeLab acquires Bank Jasa Jakarta with plans for digital offering in Indonesia

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Pan-Asia fintech firm WeLab is acquiring PT Bank Jasa Jakarta (BJJ), a retail bank in Indonesia, to realise plans to launch a digital bank in a country with an estimated 180 million tech-savvy younger...
Business lender iwoca expands revenue-based loan

Business lender iwoca expands revenue-based loan

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Business lender iwoca has expanded its merchant cash advance product to all small businesses accepting card payments in the UK. The merchant cash advance product from iwoca, launched...
The Danish cross-border opportunity

The Danish cross-border opportunity

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With high internet penetration, booming ecommerce, a population of high-spenders and a heavy reliance on imports, Denmark could well be one of the most desirable markets for merchants...
Autonomous billing fintech Anchor raises $15m

Autonomous billing fintech Anchor raises $15m

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Anchor, a new fintech focused on autonomous billing and just out of stealth, has completed a $15 million seed funding round.  Rapyd Ventures, the new venture capital arm of fintech-as-a-service company Rapyd, co-led the...
Mastercard acquires Arcus FI for LatAm payments push

Mastercard acquires Arcus FI for LatAm payments push

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Mastercard has acquired Arcus FI, a graduate of its Start Path programme for scaling startups. The New York and Mexico City, USA-based fintech will help Mastercard support the delivery of bill...
National Bank of Kuwait to launch Weyay digital bank

National Bank of Kuwait to launch Weyay digital bank

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National Bank of Kuwait (NBK) has announced plans to launch the country’s first fully digital bank. Aimed at young people in Kuwait, Weyay was revealed at an inauguration ceremony attended by members...
Crypto platform Gemini raises $400m, achieves $7.1b valuation

Crypto platform Gemini raises $400m, achieves $7.1b valuation

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Crypto platform provider Gemini has secured $400 million of funding in its first ever growth equity round. The round, led by Morgan Creek Digital with participation from 10T,...
Trade Ledger panel discussion to examine opening banking on 7 December

Trade Ledger panel discussion to examine opening banking on 7 December

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Global technology provider Trade Ledger is hosting a panel discussion on open banking next month. Entitled Open Banking: Paving the Way for the Future of SME Credit Analytics, the...
Airwallex raises additional $100m in series E1 round, achieves $5.5b valuation

Airwallex raises additional $100m in series E1 round, achieves $5.5b valuation

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Airwallex has raised an additional US$100 million in a series E1 financing round, taking the global payments fintech’s valuation to US$5.5 billion. Lone Pine Capital remained the lead for this financing,...
Patriot National Bancorp targets digital bank efficiencies with American Challenger merger

Patriot National Bancorp targets digital bank efficiencies with American Challenger merger

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Patriot National Bancorp is entering into a reverse subsidiary merger with digital banking startup American Challenger Development Corp. The Connecticut, USA-focused Patriot, which operates branches under the Patriot Bank brand in...
Carbon offtake company Evergrow raises seed funding

Carbon offtake company Evergrow raises seed funding

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Climate fintech Evergrow, styled as the world’s first carbon offtake company, has raised $7 million in seed funding. Evergrow, based in San Franciso, California, USA, and...
MFS Africa plans rapid expansion of payments network after landing $100m

MFS Africa plans rapid expansion of payments network after landing $100m

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MFS Africa, the provider of the continent’s largest digital payments network, has raised US$100 million through an equity and debt financing round. The series C round marks another milestone in MFS Africa’s...
Standard Chartered plans launch of Starling-powered digital platform focused on climate change

Standard Chartered plans launch of Starling-powered digital platform focused on climate change

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SC Ventures, the innovation arm of Standard Chartered Bank, is launching a new digital platform powered by Starling Banking Services and designed to help...
Payments fintech Extend raises $40m in series B funding

Payments fintech Extend raises $40m in series B funding

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Fintech startup Extend has announced a $40 million series B funding round led by March Capital that will fund development of its virtual card platform and expansion of its service offerings,...
Klarna acquires price comparison service PriceRunner

Klarna acquires price comparison service PriceRunner

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Buy now, pay later (BNPL) fintech Klarna has agreed to acquire PriceRunner, the provider of a Nordic price comparison shopping service. PriceRunner will bring new features to Sweden-headquartered Klarna’s service and app, which offer BNPL options for consumers...
Starling Bank launches new app feature to simplify personal finance

Starling Bank launches new app feature to simplify personal finance

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Starling Bank is introducing Bills Manager, a new bank account feature to help UK customers pay their bills on time and better manage their money. The new feature, one of...
EBANX acquires payments fintech Juno in Brazil

EBANX acquires payments fintech Juno in Brazil

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EBANX, the Latin America-focused cross-border payments provider, has acquired a Brazilian payments company that enables digital commerce through billing and banking services in the country. Juno is an...
Yokoy raises $26m in series A funding round

Yokoy raises $26m in series A funding round

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Spend management fintech Yokoy has raised $26 million in series A funding. Left Lane Capital led the round, with participation from Balderton Capital. The Switzerland-based fintech will use the £26 million of funding to expand deeper...
Santander and Oxentia Foundation seek banking solutions for all

Santander and Oxentia Foundation seek banking solutions for all

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Santander and Oxentia Foundation have launched a competition to identify and support innovative, scalable solutions that open up banking products and services to everyone.  The Santander X Global Challenge is already...
American Express and Goldman Sachs develop digital payments solution for corporates

American Express and Goldman Sachs develop digital payments solution for corporates

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American Express and Goldman Sachs Transaction Banking (TxB) are launching a cloud-based payments solution for large corporate clients. The solution, currently available to select clients and anticipated to launch...
Stripe acquires Recko to help internet businesses automate payments reconciliation

Stripe acquires Recko to help internet businesses automate payments reconciliation

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Payments infrastructure provider Stripe is acquiring India-based reconciliation software company Recko. The deal, subject to customary closing conditions and for an undisclosed sum, will see Stripe expand its offering...
Quantum computing startup Multiverse closes $11.64m seed round

Quantum computing startup Multiverse closes $11.64m seed round

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Spain-based Multiverse Computing, a quantum computing startup dedicated to financial services, has closed a seed funding round worth $11.64 million.  The seed round was led by JME Ventures and also included Quantonation, EASO...
Trading fintech Trumid raises $208m

Trading fintech Trumid raises $208m

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Trumid, the electronic credit trading provider, has secured $208 million of financing. The financing round was led by Point Break Capital Management, with significant participation from Motive Partners. They were joined by Senator Investment...
TradingView hits $3 billion valuation with $298 million investment

TradingView hits $3 billion valuation with $298 million investment

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Investing intelligence provider TradingView has closed a $298 million investment round led by Tiger Global. The round values London, UK-headquartered TradingView at $3 billion, following 18 months of increasing visitor numbers and a jump in...
VoxSmart acquires GreenKey to strengthen communications surveillance offering

VoxSmart acquires GreenKey to strengthen communications surveillance offering

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UK technology firm VoxSmart has acquired GreenKey Technologies, an automated speech recognition and natural language processing provider, to bolster its communications surveillance offering to global financial institutions.  VoxSmart says the addition of Chicago, USA-based GreenKey’s domain-specific communication analysis...
Raiffeisen Digital Bank launches a new app in six months with Mambu

Raiffeisen Digital Bank launches a new app in six months with Mambu

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Raiffeisen Digital Bank, a provider of consumer lending products in Poland delivered exclusively online, has launched a new mobile app using the Mambu low-code...
Digital insurer Getsafe extends series B funding round

Digital insurer Getsafe extends series B funding round

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Digital insurer Getsafe has secured another $63 million in funds, extending its series B round to $93 million.  Among the newest investors in the insurtech, which serves 250,000 customers in...
Fraud prevention specialist Alloy raises $100m

Fraud prevention specialist Alloy raises $100m

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Alloy, the New York, USA-based fraud prevention technology provider, has raised $100 million in series C funding. Lightspeed Venture Partners led the round, with participation from existing...
SumUp appoints new CEO for Europe

SumUp appoints new CEO for Europe

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Merchant payments provider SumUp has appointed Michael Schrezenmaier as its new chief executive officer for Europe. Schrezenmaier brings with him a founder’s mentality and a hands-on attitude, according to SumUp, a specialist in digital payments based...
Chip launches growth investment round

Chip launches growth investment round

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Digital savings fintech Chip is planning a growth investment round from the crowd and institutions in the coming weeks. The UK-based fintech says the new round of funding...
BNY Mellon Invests in Quantexa Technology

BNY Mellon Invests in Quantexa Technology

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BNY Mellon has completed a strategic investment in Quantexa Technology, to close its series D led by private equity firm Warburg Pincus. As part of the investment, Joseph Sieczkowski, chief information officer of engineering...
Starling to make BaaS available in Europe

Starling to make BaaS available in Europe

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Starling Bank has confirmed that it is looking to expand into Europe next year.  During H1 2022 and subject to regulatory approval, the digital bank hopes to make its...
PrimaryBid appoints first chair

PrimaryBid appoints first chair

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PrimaryBid, the UK-based fintech connecting retail investors with public companies raising capital, has appointed Sir Donald Brydon CBE as its first chair. Brydon will continue as chair of...
International student loan fintech Prodigy Finance lands $750 million

International student loan fintech Prodigy Finance lands $750 million

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Prodigy Finance, the UK-based fintech providing cross-border lending for postgraduate international students, has secured a financing deal worth up to $500 million, after striking an agreement on a $250 million facility last year. CPP...
Open banking fintech Vyne raises $15.5 million in seed funding

Open banking fintech Vyne raises $15.5 million in seed funding

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Open banking fintech Vyne has secured $15.5 million in seed funding from leading fintech investors as it takes on traditional card and alternative payment methods. Investors in the seed round include Hearst...
Data science fintech Incited strengthens senior leadership team

Data science fintech Incited strengthens senior leadership team

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Incited has appointed Dan Fiehn as chief operating officer to strengthen the experience of its senior leadership team in insurance, innovation, technology and digital.  A former Incited client, Fiehn joins the UK data science fintech after 10 years with Markerstudy Insurance...
Airwallex achieves $4 billion valuation with latest funding round

Airwallex achieves $4 billion valuation with latest funding round

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Airwallex has raised $200 million in an oversubscribed series E round, increasing the company’s valuation to $4 billion.  This latest investment follows an extended series D capital raise earlier this year for...
Canadian fintech Neo Financial raises $50 million

Canadian fintech Neo Financial raises $50 million

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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 swoops for CipherTrace and Aiia

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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,...