Payments

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,...
Capital markets fintech Irwin closes $20m series A round

Capital markets fintech Irwin closes $20m series A round

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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 to acquire payments and BNPL fintech Paidy

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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

Trade Ledger powers new ScotPac origination and underwriting experience

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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

TheCityUK plans push for UK to become world’s top financial centre

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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

Crypto exchange FTX.US moves into derivatives with LedgerX acquisition

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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

A world without borders for marketplace merchants

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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 chosen to develop Nigeria’s digital currency

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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 raises $50 million and announces crypto offering

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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 expands into the US

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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

Corporates join the real-time payments revolution

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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 launches cryptocurrency service in the UK

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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 becomes Zepz as $5b valuation achieved

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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, a neobank for musicians, to launch in September

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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

Sightline Payments achieves $1b+ valuation

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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

Working together for better cross-border banking

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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

Brex acquires Weav for $50 million

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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 partners with HSBC and Barclays

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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

Upgrade closes $105m series E round

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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 aims to connect local businesses and banks with new digital platform

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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 plans to become US commercial bank

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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 hires Zach Powell as general partner

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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 secures $130m in funding

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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

‘Super app’ provider Paysme launches £1m funding round on Globacap

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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

Square to acquire Australian fintech Afterpay in $29 billion deal

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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 finalises $30.5m series A and executive appointments

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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 acquires APPRL to take advantage of social commerce

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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 to acquire Embark for £390m

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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 raises $200m+ and achieves unicorn status

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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 raises €190 million and acquires Contis

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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 appoints Paul Payne as chief technology officer

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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 launches new office to expand its presence in the Asia Pacific

Corefy opens new office to expand its presence in the Asia Pacific

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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 raises $50m in series C funding round

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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...