Indian revenue-based financing firm GetVantage bags $36m funding
The new investment brings GetVantage’s total funding to date to $41 million.
Business-to-Business/B2B
India’s Jarvis Invest hires Rajesh Batreja as CSO
The company intends to expand throughout India and into the US and Middle East.
Data platform SAS acquires financial risk management firm Kamakura
Together, SAS’ and Kamakura’s solutions “will prove far greater than the sum of its parts”.
Indian B2B e-commerce platform Solv raises $40m Series A
Solv says the funding will support its expansion throughout more than 300 cities across Africa and Southeast Asia.
Earned wage access platform Tapcheck raises $20m Series A
Tapcheck says cash advances relieve the stress that usually comes with living paycheck to paycheck.
Citi partners METACO to develop digital asset custody capabilities
Citi will integrate METACO’s bank-grade digital asset custody and orchestration platform, Harmonize.
Stripe simplifies bank transfers for UK, EU and Mexican businesses
Stripe says that bank transfers, despite their popularity and ease of use, are “filled with friction”.
Fintechs Stanhope and Stenn hire new CPOs as they look to scale
Groombridge will be leading Stanhope’s payments offering, while Bajwa will be developing Stenn’s financing solutions.
SME paytech SumUp raises €590m at €8bn valuation
SumUp says the latest funding is “indicative of our strength, execution, and potential”.
Blockchain paytech Roxe to go public via SPAC merger in $3.6bn deal
Roxe will merge with Goldenstone Acquisition and become a publicly traded company on Nasdaq.
B2B BNPL fintech Hokodo raises $40m in Series B funding round
Hokodo says it will use the funding to expand into new European markets and develop new products.
Mambu welcomes four new senior leadership hires
Mambu has hired a new CTO, CFO, chief revenue officer, and chief of staff.
Sustainability data platform ESG Book raises $35m Series B
The new capital will be used to scale the company and further develop ESG Book’s technology capabilities.
B2B BNPL fintech Playter lands $55m funding round
The round was led by Adit Venture Capital and Fasanara Capital.
UK challenger bank Recognise appoints Sahil Thapa as CTO
Recognise says Thapa “has the vision and ability to lead the Bank’s technology strategy”.
Brex to stop serving “traditional” small businesses
Small businesses using Brex have until August 15 to move their funds.
What the FinTech? | S.3 Episode 9 | Smart applications for AI and ML
We are joined by Jethro MacDonald, product manager, artificial intelligence and machine learning at SmartStream.
Intesa Sanpaolo sells Croatian merchant acquiring business to Nexi
The €180m deal forms part of a broader multi-year partnership in the merchant acquiring space.
The Bank of London invests in Belfast and creates over 200 new jobs
The Bank of London says it is making a “multi-million pound” investment in Belfast.
Denmark’s Mazepay receives pan-European payments license to streamline B2B purchases
The license will enable Mazepay to handle transactions on behalf of companies.
Digital banking tech vendor Narmi raises $35m Series B
The fresh capital will be used to develop and accelerate the overall digitisation of the US banking industry.
Flutterwave appoints former American Express exec as new CFO
Earlier as CFO of Kabbage, Bhambani helped lead its acquisition and integration within American Express.
Nuula launches operations in Canada for small business owners
Nuula provides financial products and services to small business owners.
Airbank raises $20m to build “the most comprehensive global SMB banking solution”
Airbank raises $20m in a Series A funding round led by Molten Ventures.
Money 20/20 Europe: A new era for a digital Sterling
Project New Era, set to launch in September, is a pilot evaluating the future digital currency ecosystem in the UK.
ComplyAdvantage appoints ex-WorldRemit head as CTO
Mark Watson brings over 26 years of tech experience into his new role as CTO.
New trade finance bank Neotrade launches in the UK
Neotrade provides financing for SMEs using an AI-based scoring system.
Fleetcor to acquire cross-border paytech Global Reach
Fleetcor has signed a definitive agreement to acquire UK-based Global Reach Group.
ICICI Bank partners ZestMoney to expand “cardless EMI” facility
The facility is live on select e-commerce websites and the firms say will be made available at retail stores soon.
Why trade finance should embrace blockchain to realise its digital ambitions
Digital innovation in trade finance is gaining momentum, and blockchain offers a number of possibilities.
Razer Fintech acquires Indonesian paytech E2Pay in a bid to expand
With this acquisition, Razer Fintech says it marks its further expansion into Indonesia.
HSBC-backed trade platform Serai shuts down
Serai was on a mission “to simplify global trade” by providing supply chain solutions to brands and manufacturers.
Europe fintech funding round-up: Cryptio, Fung, Financielle and more
This weekly fintech round-up brings to you funding news from around Europe.
North America fintech funding round-up: Klasha, Proper, Manzil and more
A handy round-up of the recent funding endeavours of fintech companies across North America.
New European entrant in banking and payments space – Monty Finance
Its two main products are MyMonty, a digital banking service, and MontyPay, a digital payment gateway system.
New super-app Rauva aims to fill Mediterranean online banking gap
Rauva plans to launch its app in early 2023, initially in Spain and Portugal.
LatAm paytech Kushki valued at over $1bn following Series B extension
Kushki says the funding will be used to accelerate development of its payments infrastructure.
UK money app Ziglu taps ClearBank for virtual bank accounts
The clearing bank will power Ziglu’s real-time processing and reporting for its GBP virtual accounts.
How Stilt is helping immigrants build a financially stable life in the US
FinTech Futures chats with Stilt co-founder Rohit Mittal about the firm’s aims to help immigrants in the US.
EntreBank selects CSI’s NuPoint core banking platform
CSI will also provide EntreBank with managed IT services.
