PayNearby turning India’s small-time retailers into ATMs and bank branches
“I wanted to take high-end tech to the bottom of the pyramid,” says CEO.
Consumer/Personal Finance
Uber plans return to financial services with hires “across the board”
The firm is “not ready to announce anything yet”.
Chinese regulator continues to clamp down on dominant fintech players
The CBIRC’s Liang Tao warned fintech lenders at a conference in Beijing this week.
South Korean payments provider Danal to accept crypto
The payments provider will accept digital currencies via ICON’s blockchain ecosystem.
HSBC launches Global Money account in US to rival fintechs
The bank’s aim behind the new service is to create “one global account”.
US fintech lender Upstart Holdings files for IPO
To date, the fintech has raised some $165 million in funding.
Barclays gets 198 applications for Black founder tech accelerator
“I recognised there was more that we could do, and my employer completely backed me.”
Ziglu hires Monzo’s James Sullivan as chief legal officer
James Sullivan worked as Monzo’s head of legal for one year and nine months.
Indian start-up Payzello combines debit, credit and forex into one card
Payzello was founded by 26-year old college dropout, Pruthiraj Rath.
Ex-Volt exec joins newly branded Aussie lendtech Nano
Nano is targeting the low-risk end of the market.
UK challenger Strive launches waitlist for family-focused account
The details of the all-stock deal were not disclosed.
Alliance Data to buy BNPL fintech Bread for $450m
The acquirer expects the deal to increase its earnings per share by 2023.
A banker goes a-banking, volume 7: why can’t we be friends?
What 15 years of digitisation & modernisation have gotten us from the consumer’s point of view? It’s not looking great.
HSBC could start charging for “basic banking services”
It reported a 35% fall in pre-tax profit during the third quarter of the year.
Snoop closes £10m on Seedrs
The Snoop app launched in April.
Nordic challenger Lunar lands $47m Series C
The round arrives just seven months after its €20 million Series B extension in April.
PrimaryBid lands $50m from LSE, Draper Esprit & ABN AMRO
It adds to PrimaryBid’s $8.6 million Series A last year.
Mexico’s credit alternative challenger Klar lands $15m Series A
“We help people build credit by looking at how and where they spend their money.”
UK challenger Lanistar lands £15m from CEO’s family
“Lanistar is not only planning to stand out, but step over all the other start-ups”.
Future economic relief should care for more families
Deserving families have continued to be unfairly excluded from government relief throughout the COVID-19 crisis.
Canadian robo-advisor Wealthsimple lands unicorn status with $87m raise
Wealthsimple serves some 1.5 million users.
Aussie trading app Stake makes leap to LatAm with Brazil launch
“LatAm looks to the US as a beacon,” says COO.
Klarna under investigation by UK regulator for ‘unsolicited’ emails
The Information Commissioner’s Office (ICO) is investigating the claims.
Russia’s Tinkoff launches messenger service in its app
Tinkoff claims to have acquired 1.7 million new credit accounts since the beginning of this year.
Affirm files IPO application, but financials are confidential
Fintechs in the BNPL space have seen their valuations rocket.
UK challenger Monument lands restricted banking licence
Monument has raised £20 million to date.
LendingClub shuts retail P2P offering as it focuses on institutional investors
The fintech allowed consumers to invest in Notes, corresponding to fractions of loans.
South African challenger Bettr prepares for 2021 launch
“Young people are being excluded from wealth-generating services,” says CEO.
Goldman Sachs-backed Kaspi revives London IPO plans
The fintech holds a 65% market share of Kazakhstan’s digital payments flow.
Argentina’s money management app Ualá launches in Mexico
“It’s a much better product than we had in Argentina [upon launch],” says the CEO.
JP Morgan-backed Greenlight joins unicorn club with $215m Series C
The start-up says the new funding will be used to push its customer growth further.
The shifting ground of payments: are banks and SMEs aligned?
It’s safe to assume that in time, every business and consumer will expect immediate settlement as a norm.
Tech Nation’s third fintech cohort challenges London bubble
“What was striking is the increase of such businesses set up outside London and by women.”
Challenger Envel plans “autonomous” banking with Autumn launch
The fintech claims it will “optimise” users’ money.
Revolut faces lawsuit in Romania over blocked account
Revolut faces 3,911 complaints so far this year, as compared to its 2,487 for the whole of 2019.
UK challenger Samie to launch in 2025
The start-up claims it hit the 500,000 future customer mark in mid-2019.
CleverCards CEO: There’s only going to be one winning challenger bank
CleverCard’s Kealan Lennon reckons the market isn’t big enough for so many neobanks.
FinovateFall 2020: The one-app strategy is unit banks all over again, says Google
Network centrality isn’t new to banking, says Google Cloud head.
Subaio launches outside Nordic home with ABN Amro
To date, the 25-person fintech has signed contracts with seven banks.
Supplement: FinovateFall 2020
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