Swiss challenger Neon lands $5.5m, bags new investor in Helvetia
“The cooperation with Neon gives Helvetia the opportunity to access new customers.”
Financial Services/Finserv
US payments start-up Finix lands $30m from Lightspeed & Amex
To date, Finix has raised $96 million in venture capital.
Spanish sustainability fintech Mitto to launch in UK next year
“Every payment counts and determines the world we live in.”
China’s wealthiest turn to crypto to transfer $50bn in assets abroad
Stablecoin Tether has accounted for 93% of stablecoin usage across East Asia in recent years.
Klarna’s losses widen following first year of negative profit
Profits have been slowly declining for the company.
ABN Amro partners with Techstars to create start-up accelerator
The collaboration will connect ABN Amro with Techstars’ global network.
The great asset servicing cloud migration and its implications
Cloud migration requires a considerable initial spend and some are simply not yet ready to commit.
Making Tax Digital policy changes explained
UK gov’s initiative, Making Tax Digital (MTD), aims to make tax administration simpler.
Video: Top fintech stories this week – 28 August 2020
FinTech Futures’ weekly news round-up.
1st United Credit Union picks Symitar’s Episys system
The credit union will run its core through Jack Henry’s private cloud environment.
US credit fintech for minorities Esusu lands £2.3m
More than 5,000 renters in the US have applied for Esusu.
Fronted lands seed investment from Monzo-backer Passion Capital
Fronted wants to help renters finance their rental deposits.
NZX halts trading for third day after DDoS attack
NZX came under attack on Tuesday through its internet service provider.
UK savings app Chip plans Series A on back of 2020 growth
Chip has seen a 138% savings growth compared to 2019.
VPBank revamps treasury systems with Finastra
Vietnamese bank partitions treasury ops from main core banking system.
N26 “nearly” hits half a million US customer mark
“Over the past 12 months, we have learned a lot about our US customer base.”
ID start-up Socure lands $61m from Citi, Wells Fargo & MVB
The start-up was co-founded back in 2012.
R8 relaunches as Mode, appoints ex-Alipay CEO Rita Liu as CCO
Mode is one of R8’s two entities.
Infographic: Creating standardised platform for Fortune 500 financial data services company
Learn how Panduit and Cisco Services successfully accomplished this major project in just 90 days and within budget.
CredoLab raises $7m in Serie A funding
Singapore fintech plans product expansion with new funding.
Worldremit acquires fellow remittance firm Sendwave
Sendwave has a presence in East and West Africa.
Artis Technologies secures $1.5m in seed funding
The Atlanta lendtech grabs its first injection since launching in March.
Standard Chartered Korea brings banking to consumers’ keyboards
“Banks must weave their services into customers’ digital lives”.
Xero to acquire Aussie invoice lending platform Waddle for $57m
Xero’s shares hit more than AUD 100 on 25 August.
Wirecard lets 730 employees go, more than half its workforce
The Munich court opened insolvency proceedings on 25 August.
India’s ICICI Bank uses satellite data for farmers’ credit assessments
The bank wants to scale up the service to 63,000 villages.
Unfinishedness, by degrees
If you are looking for principles to navigate unfinishneess by, ask “who”.
Co-operative Bank plans 350 job cuts, 18 branch closures
The UK bank reacts to an increasingly online demand.
US challenger for teens Copper lands $4.3m
The start-up has built an advisory board of teens.
LA start-up AmplifyX lets investors build portfolios around musicians
From 2015 to 2019, the entire music industry grew sales at a 9% rate.
Nordic fintech Open Payments raises €3m in second seed round
The firm plans an EU expansion in 2021.
iwoca and Billon land funding via UK’s Future Fund
So far, the fund has invested in around 320 companies.
Belgium investigates Credit Suisse over hidden accounts
It follows allegations that the bank helped 2,650 Belgians hide their accounts from tax authorities.
Why the world needs synchronised timing
The value of timing provides the opportunity to bolster the very fabric of our vital infrastructure.
What the Fintech? Episode 12 | Transformers: more than meets the AI
Matt Sattler, head of HSBC’s innovation labs, reveals what it takes to secure a deal with the bank.
Malaysia and Indonesian regulators sign fintech cooperative agreement
The two countries will share innovations and foster cross-border start-up development.
Zopa launches its first fixed-rate savings accounts
The range of accounts pay 1.05%, all the way up to 1.3%.
Wells Fargo resumes job cuts after pandemic break
Layoffs, branch closures and cuts to third-party spending are on the table.
Afterpay acquires Spanish BNPL to advance into Europe
Afterpay already owns UK BNPL player, Clearpay.
US unicorn AvidXchange launches secondary offering
AvidXchange says it’s had a three-year growth rate of 133%.
