GoCardless bags new chief revenue officer to tap enterprise space
The fintech is currently drawing back its growth to preserve cash.
Consumer/Personal Finance
Klarna set to nearly double valuation to $10bn
Klarna is looking to raise half a billion from a mixture of new and old investors.
To win the battle of banking, you need a digital war room
Here, banks can get visibility into every single process in their business as they actually behave.
What the Fintech? Episode 13 | Commerce in the wake of COVID-19
Travis Skelly tells FinTech Futures all about how Citi Ventures evaluates ecommerce companies.
First Direct nabs new CEO from HSBC
Pitt comes with nearly 11 years banking experience.
Small challenger Jiko buys Minnesota bank
Instead of sitting in deposits, Jiko customer money sits in Treasury Bills.
Monzo introduces ATM withdrawal fees
Users may have to pay a fee when withdrawing upwards of £250 from an ATM.
Brazilian challenger Nubank lands $300m
The raise was spotted in a SEC filing.
Aussie BNPL Zip closes $296m acquisition of US player QuadPay
“The US is a critical part of our global strategy,” says CEO.
Singapore’s cross-border transfer fintech Nium lands EMI in UK
Nium evolved from a consumer remittance service to a B2B offering.
Singapore fintech Atlantis enters India with challenger Neo
Atlantis believes market adoption in India will be particularly successful.
Revolut customers got paid late last week after technical glitch
Several users said they couldn’t get through to an agent.
Klarna’s losses widen following first year of negative profit
Profits have been slowly declining for the company.
Video: Top fintech stories this week – 28 August 2020
FinTech Futures’ weekly news round-up.
Fronted lands seed investment from Monzo-backer Passion Capital
Fronted wants to help renters finance their rental deposits.
N26 “nearly” hits half a million US customer mark
“Over the past 12 months, we have learned a lot about our US customer base.”
R8 relaunches as Mode, appoints ex-Alipay CEO Rita Liu as CCO
Mode is one of R8’s two entities.
Standard Chartered Korea brings banking to consumers’ keyboards
“Banks must weave their services into customers’ digital lives”.
US challenger for teens Copper lands $4.3m
The start-up has built an advisory board of teens.
Zopa launches its first fixed-rate savings accounts
The range of accounts pay 1.05%, all the way up to 1.3%.
JP Morgan to launch digital lender in UK early next year
The new cloud-based venture will sit under the Chase brand.
2020 PayTech Awards hosted online by Zoe Lyons
Join our celebrity host Zoe Lyons for PayTech Awards 2020! Free broadcast on 10 September – everyone is welcome.
Goldman Sachs & Barclays among bidders for GM’s credit card business
GM’s credit card business has about $3 billion in outstanding balances.
Banks need a single brain
Every bank needs a single brain to anticipate the needs, wants and quirks of every customer.
The social-savvy wave of entrepreneurs
They will push traditional banks to pivot their offerings once again.
NatWest creates new COO role for its personal bank division
The appointment comes as the bank makes around 550 employees redundant.
ABN Amro winds down savings arm of Moneyou
Moneyou has around 500,000 clients spread across the Netherlands and Germany.
Mortgage fintech Habito lands £35m Series C, becomes B Corp
The round attracted new investors Augmentum Fintech, SBI Group and mojo.capital.
India’s BaaS Nuclei brings train tickets to banking apps
Nuclei currently has 16 bank customers across India and the Middle East.
Aussie BNPL Splitit lands $71.5m for US and UK expansion
Woodson Capital has become a substantial shareholder.
Russian neobank Tinkoff launches charity cashback tool
Users could already make donations manually via the app.
US challenger Purple to tap America’s disabled community
The fintech allows users to receive disability benefits up to two days early.
N26 outed for 2019 data breach, employees ask for works council
Around 300 of N26’s 1,500 employees should have access to unencrypted data.
UK challenger sync. reveals £5.5m seed round
The fintech was forced to delay launch due to COVID-19.
Fintech funding rebounds in Q2 but deal numbers continue to fall
VC-backed fintech deals dived from 452 in Q1 to 397 in Q2.
Financial comparison marketplace Crediverso to launch in US for Latinos
Currently in beta, the 2019-founded start-up is yet to go live.
Greek fintech Viva Wallet officially becomes a bank
The Attica-based start-up acquired Praxia Bank’s banking licence on 3 August.
Google Pay to launch bank accounts in 2021 with flurry of partners
The US Big Tech announces another six of its banking partners.
Spanish challenger Bnext lands another €11m
The new capital adds to its already closed €22.5 million last October.
EPA critiques FCA approach to Wirecard suspension
The EPA says the FCA should have reached out to it.
