Craft Bank picks Jack Henry’s SilverLake after 2020 launch
Atlanta-based de novo bank deploys SilverLake in the cloud.
Financial Services/Finserv
Curve signs PassFort to automate KYB processes
The card consolidation firm picked PassFort in the wake of its Series C round.
Founder-focused start-up Remagine nabs €20m in seed investment
Berlin-based firm aims to help “impactful” businesses with a range of products.
Black-owned US challenger Greenwood Financial hits 500,000 sign-ups in 100 days
“We see that there is definitely an appetite for what we’re doing,” says co-founder, Ryan Glover.
JOFF Fintech Acquisition Spac files for $300m IPO
The Spac is eyeing up fintech, wealth management and gaming sectors.
Kenyan agri-insurtech Pula raises $6m Series A
The funding round was led by Pan-African early-stage venture capital firm, TLcom Capital.
Berlin fintech Raisin patents Savings-as-a-Service tech in US
The fintech calls it “an interactive graphical user interface (GUI)”.
UK’s Crown Agents Bank bags Finablr’s Bhairav Trivedi as next CEO
Crown Agents Bank is a small, profitable, UK-regulated bank.
Why the financial industry needs Redis Enterprise
Use cases in risk modelling, apps for banking and brokerage, and solutions for buy-side institutions.
Benjy, the Carolinas most famous fintech dog
This is the story of Benjy. It’s part comedy, part tragedy, part buddy movie.
Brexit forces interest-rate derivatives trading shift to US
A permanent shift to New York would be particularly damaging for London.
N26 lands Zalando’s former financial chief as CFO
The former Zalando chief isn’t the only executive addition in recent months.
Wealthpilot raises €8m to fuel data aggregation push
German wealthtech has raised €14.9 million since 2017.
Paystone raises CAD 69m with support from Canada business fund
The funding is a combination of equity and debt financing.
Saudi start-up Hakbah raises $1.2m in seed funding
Hakbah aims to “modernise and ease” savings in Saudi Arabia.
Lithuanian paytech kevin. raises €1.5m in seed funding
Lithuanian firm plans availability across Europe by Q4 2021.
ECB launches climate change unit
The central bank has previously been criticised over its bond purchasing.
Why Google Pay’s reboot signals a major land grab on financial services
Five reasons why the banking world, including fintech challengers, needs to sit up and take notice.
UK fintech TrueLayer launches its payments API to rival cards
PayDirect claims just a 3.5% payment failure rate.
Crypto liquidity firm Wintermute raises $20m in Series B round
Firm plans to expand into derivatives and new markets in Asia.
Starling experienced “major outage” on its app last week
The temporary outage, though “short-lived”, was severe.
Plaid raising at $15bn as employees pitched $1,200 per share
US fintechs have enjoyed a wealth of VC interest since the Plaid-Visa deal hit headlines.
Asia-Pacific fintechs Volopay and Microleap land funding
Singapore-based Volopay and Malaysia-based Microleap have raised $2.1 million and $3.3 million, respectively.
Rapyd raises $300m in Series D, plans more acquisitions
It will double the engineering and product teams and expand the “self-service” element of the platform.
FinTech Futures Jobs: five awesome fintech companies founded by women
Featuring Aya Payments, Modularbank, First Boulevard, GoHenry, and Alinea Invest.
Fintech funding deals globally 18-24 January 2021
Featuring PPRO, iSTOX, Indy, Mercado Bitcoin, and Brigit.
Robinhood hires two execs from US regulator Finra
Former Finra execs Anthony Cavallaro and Josh Drobnyk join the fold.
Chris Brummer in line for CFTC chairman role as Tarbert steps down
President Biden’s reshuffle of regulatory top jobs continues.
Minna Technologies raises €15.5m in Series B funding round
Minna says the investment will be used for global expansion, “with requests from all continents”.
Singapore’s iSTOX lands $50m from heavyweight Japanese backers
n the past decade, global private equity returned 13.2% on average.
DNA Payments Group acquires Active Merchant Services
The deal brings DNA’s customer base up to around 30,000 merchants.
Plaid launches incubator FinRise for fintech founders of colour
The incubator is looking to accept just three-to-five start-ups.
Ten trends set to influence the payments industry
The financial services and payments sectors have a bright future, should these trends continue to develop.
Video: Top fintech stories this week – 22 January 2021
FinTech Futures’ weekly news round-up.
Female-led tax reporting fintech KAWC takes tech into own hands
“We approached male investors, but they were so condescending,” says CEO.
RBI invests in Romanian open banking start-up Finqware
Finqware initiated account aggregation for seven Croatian banks last year.
Tom Blomfield exits Monzo and opens up about mental health
“COVID-19 just exacerbated things,” says Blomfield.
Spectrum Equity invests $51m in OTC firm Quantile Technologies
Spectrum’s MD joins the Quantile board of directors.
VC investment for UK’s female fintech founders up 6% in 2020
Female-led fintechs entered COVID-19 with the longest funding runway of the sector.
Santander hires HSBC’s Rakshit Kapoor as new chief data officer
Kapoor joins after three years at the major international bank.
