Fintech start-up Koyo raises $50m in Series A round
The lender will use the cash to target the UK’s “near-prime” consumer credit market.
Business-to-Consumer/B2C
Irwin secures $20m in Series A funding round led by K1
The investment will help further the fintech’s mission to upgrade the capital markets software offering.
SEC threatens suit over Coinbase crypto lending product
Coinbase’s CEO and chief legal officer admonish US markets regulator over lack of clarity.
ICYMI funding round-up: TruePay, BankiFi, Aurelia, Jeff & more
Another collection of funding rounds and raises from all over the world you might have missed this week.
PayPal increases transaction fees between UK and Europe
A new 1.29% charge will come into force before the end of the year.
Trade surveillance fintech Eventus secures $30m Series B funding
Eventus will use the Series B cash to continue its growth.
PayPal acquires Japanese BNPL unicorn Paidy in $2.7bn deal
PayPal sees the deal as a way to accelerate business in Japan.
Hoddle hires former FCA man Gidla as new COO
John Gidla joins the fintech after three years at the Financial Conduct Authority.
Live Oak Bank switches retail and commercial accounts to Finxact core
North Carolina bank ticks off penultimate stage of ongoing transformation.
Fintech ecosystem MNT-Halan lands $120m funding
The Egyptian digital platform connects merchants and users who are typically excluded from financial institutions.
Visa partners Indian paytech to push offline payments
Innoviti says it is committed to building a cashless India, driving financial inclusion across the country.
Mastercard grows open banking offering with Aiia buy
The acquisition of the European open banking provider marks the latest move by Mastercard in the space.
Yolt shuts down app to focus on open banking technology services
The Yolt app has more than 1.6 million downloads.
JP Morgan pays €25m to settle French fraud case
US lender settles over arrangements with Wendel Investment Group.
Standard Chartered sets aside $107m for new digital bank in Singapore
UK-listed lender forms joint venture with Singapore’s National Trades Union Congress.
China Bohai Bank taps Bairong for AI-powered digital upgrade
China Bohai Bank will utilise Bairong’s fraud and loan monitoring systems.
Report: “Fintech vs Fintech”? The rise of digitalisation in banking
FinTech Futures launches its latest report looking into the changing nature of digital technologies in our industry.
Fintech software firm Veritran hits $225m valuation with Trivest investment
Veritran’s enterprise low-code platform facilitates billions of transactions annually.
Major Indian banks launch Account Aggregator project
New programme aims to extend financial services to millions of new customers.
Point raises $46.5 million to build out premium debit card
US challenger aims to create an anti-credit card.
Financial wellness platform Origin raises $56m funding at $400m valuation
The funds will be used to develop new products and expand its employee customer base.
CIBC acquires Costco’s Canadian credit card portfolio
CIBC will also become the exclusive issuer of Costco Mastercards in Canada.
Fired credit union employee deletes 21GB of internal data in 40-minute spree
Juliana Barile accessed her old account and destroyed sensitive documents.
ICYMI funding round-up: SurePay, Capitalise, FV Bank & more
Another collection of funding rounds and raises from all over the world you might have missed this week.
Mambu takes the Cake with new digital banking deal
Cloud core banking vendor wins deal with new Vietnamese digital bank Cake.
Exclusive: Oracle FS wins major core banking deal with Gulf Bank
The front-to-back operation is set to be a major undertaking.
IKEA parent company Ingka Group invests $22.5m in BNPL fintech Jifiti
The minority stake investment will expand IKEA’s financing offering in-store and online.
DWG expands into Singapore with remittance app acquisition
Fintech says Singapore will act as a springboard for expansion into North America and Europe.
PayPal plans launch of retail trading division
Invest at PayPal planned as new operation by payments giant.
Divido CEO steps back after seven years at the helm
Christer Holloman departs to take up advisor role.
Nigerian central bank partners with Bitt to deliver new digital currency
The Barbadian fintech says digitising the Naira will benefit the entire Nigerian financial ecosystem.
Prosus underlines Indian objectives with $4.7bn deal for BillDesk
Dutch e-commerce firm spends big to deepen footprint in India.
Russian digital bank Tinkoff plans Philippine expansion
Reports suggest the move is part of a wider strategy to enter the Asian market.
Australian fintech platform Airwallex launches in US
The expansion is made possible through a partnership with domestic BaaS provider Evolve Bank & Trust.
ICYMI funding round-up: Pngme, Recognise Bank, pawaPay, Finexio & more
Another collection of funding rounds and raises from all over the world you might have missed this week.
Flinks receives $103m investment from National Bank of Canada
Growth capital worth $30m will help expand the fintech’s US footprint.
What the Fintech? | S.2 Episode 16 | Waking up on the right side of embedded
Louisa Murray, COO for UK and Europe at Railsbank, joins us on this latest episode of the podcast.
Digital payments fintech Cantaloupe acquires Yoke Payments
The acquisition of Yoke will bolster Cantaloupe’s unattended retail market offering.
Sightline Payments becomes Nevada unicorn with $244m raise
Sightline closed an earlier $100 million funding round in April.
Christian Financial Credit Union picks NCR tech for digital banking revamp
Michigan credit union praises NCR for “seamless integration”.
