Scalable Capital attracts further €25m growth funding
Blackrock has increased its initial investment.
Consumer/Personal Finance
Walmart announce application for cryptocurrency
Shoppers’ money would gain interest in a makeshift bank account.
PayPal helps entrepreneurs with MetLife and Village Capital
The alliance will reach out to more than 100 fintech health entrepreneurs.
Verrency and Coinify announces new virtual currency partnership
Libra brought virtual currencies into mainstream.
JP Morgan Chase invests in accounting software platform FreshBooks
A JPMC representative will be joining FreshBooks’ board.
Tesla-fy your bank
Will banks ever truly reinvent banking?
Saxo Bank completes acquisition of BinckBank
Saxo intends to initiate the statutory buy-out procedure.
First-time homebuyer platform Morty raises $8.5m
The funding was led by New York-based investor Prudence Holdings.
RBC launches student experience on mobile app
The ‘Mobile Student Edition’ is designed to tap into the Gen Z market
Mastercard acquires Nets’ real-time payment business
Nets’ Corporate Services business offers a gateway into several European markets
Trov partners with Lloyds and launches white-label insurtech platform
Later this year, Trov and Lloyds Banking Group will release an insurance product on the ‘Powered by Trov’.
Piggy bank start-up ERNIT sells up
One source says the company is trying to see what the market appetite is for a solution like theirs.
ASOS and Klarna bring flexible payments to the US
The US will pay in four scheduled bi-weekly instalments to reflect the US salary schedule.
Federal Bank launches instant online demat account
It is the first bank in India to offer the service.
Ipagoo enters administration
This was to protect the interests of Ipagoo’s customers.
Stackin’ raises $4m for financial advice for millennials
Millennials can now be texted the best way to grow their money.
Spotlight: the Russian e-commerce cross-border market
Finding a niche for a foreign merchant in Russia.
Omni chooses TruNarrative to combat financial crime
The POS consumer credit company was seeking a future-proof solution.
TSB launches selfie account opening
The bank partnered with Jumio to develop the account opening technology.
Bonify eyes European expansion with new investment
The fintech has over half a million users.
White paper: Are you using the best approach to catch digital identity fraud?
Donwload the Onfido white paper now!
Top fintech stories this week – 12 July 2019
N26 has superhero-landed in the US, new hip bank in Spain, and more!
White paper: The architect’s guide to digital core banking in the cloud
Download the Five Degrees white paper now
Banking Technology July/August 2019 issue out now
Drawing the curtains on a bright tomorrow.
FairFX rebrands as Equals
The foreign exchange company will now serve businesses and consumers.
Banking tech heavyweight Jack Henry acquires PFM firm Geezeo
The two companies say they’ve been “strong business partners” for years.
ConnexPay raises $7m Series A round
The travel payment start-up will use the funds to continue developing its tech.
Multiply’s financial advice app wins FCA approval
The free service is the UK’s first fully regulated, automated advice provider.
Amazon brings money management to Prime for businesses in the UK
It also offers tailored advice when buying.
FCA reveals new rules to protect BNPL consumers
Companies will no longer be able to charge interest on money repaid within offer period.
DNB extends investment in new 11:FS platform
The Norwegian financial services group will also implement 11:FS Foundry.
Alogent acquires FinanceGenius software
The suite has been re-branded as Origins.
White paper: How to drive business impact with payments
Download this free white paper to learn about how payments can improve your business.
SoFi confirms $500m investment led by Qatar
SoFi’s total capital now stands at $2.3 billion.
Purpose extends digital portfolio by acquiring CreditGenie
Toronto-based CreditGenie aims to disrupt point-of-sale financing.
New APP scam protection code comes into force
Victims now more likely to get their money back.
Business card management platform Pleo raises $56m
It follows last year’s $16m Series A.
NatWest becomes first UK partner for open banking platform Tink
Swedish fintech will add personalisation to the bank’s mobile banking.
Expense management app Divvy closes $200m funding
It’s the third funding round for the firm in under a year.
RBC adds budgeting tool to mobile app
It tracks and budgets expenses in five areas.
