UK consumer finance platform Lendable receives £210m funding to reach £3.5bn valuation
The new cash injection takes the company’s valuation up to around £3.5 billion.
Financial Services/Finserv
US fintech Acorns lands $300m investment to boost growth
The funding comes after the fintech abandoned its planned IPO in January.
Building a high-growth fintech shouldn’t come at a high human cost
Fintechs can set themselves up for success with a strong work culture that is compatible with long-term growth.
Fintech app Curve launches in US, loses COO
Curve launched in 2018 and has already spread to 31 markets across the globe.
US banking technology provider Bankjoy hires André Jones as VP of operations
Jones brings 17 years worth of management experience to the Detroit-based firm.
Lunar lands €70m Series D extension round, launches crypto platform
Lunar CEO says the new funding will enable the firm to continue carrying out its Nordic expansion plan.
What The Beatles can teach us about open banking payment adoption
Open banking payments globally look set to have their own ‘Beatlemania’ moment.
US fintechs Selfbook and Stellar raise funds
New York-based Selfbook landed $15 million, while Austin-based Stellar raised $7 million.
Oklahoma’s First National Bank & Trust taps CSI for core banking upgrade
The bank will deploy CSI’s NuPoint core banking platform.
ICYMI fintech funding round-up: in3, Noh, PictureWealth, Touché, and Yep!
Our weekly fintech round-up for you to get the latest funding news from around the world.
Wolters Kluwer acquires International Document Services in $70m deal
IDS is expected to generate revenues worth approximately $15 million in 2022.
US payroll platform Branch closes $75m Series C round
Branch claims its workforce payments platform revenue grew by more than 700% over the last year.
UK fintech funding round-up: mmob, Satago, SteadyPay, & Thirdfort
A handy round-up of the recent funding endeavours of UK-based fintechs.
Banking for the good times and the bad
Banks should be proactive in helping us manage our money better in the good times and the bad.
Banking Technology Magazine March 2022 issue out now
Cover story: HAVE A HEART – Injecting a little love into AI.
Indian fintech Money View lands $75m Series D funding
Money View is now valued at $625 million.
Tesco Bank partners Onfido to streamline Clubcard Pay+ onboarding
Onfido uses AI-powered biometric technology to verify customer identification during onboarding.
US paytech Stax hits $1bn valuation with $245m funding round
Stax has grown 500% in the past three years and processed more than $23 billion in payments.
Banking platform for self-employed and micro-businesses Tot launches in Italy
Milan-based Tot plans to onboard 50,000 domestic customers within three years and then look abroad.
FX platform Currencies Direct receives £140m investment
The deal is expected to close by the end of Q1 2022.
Core banking tech vendor for credit unions FLEX gains 13 new users
FLEX is a credit union core system processor based in Utah, US.
Al Fardan Exchange and Thunes partner for instant payments to 87 countries
Al Fardan Exchange customers can make payments to 87 countries in Europe, Africa, APAC and LatAm.
Enterprise tech provider NCR buys open banking IP from UK fintech Spoke
NCR says the deal will accelerate its push into open and international digital banking.
Paytech Dash lands $32.8m seed round to unify Africa’s mobile money wallets
Dash is a unified payment network for the 1.3 billion Africans currently transacting digitally.
PPRO acquires Alpha Fintech to become “global payments powerhouse”
The Alpha Fintech takeover will extend PPRO’s reach to Asia Pacific.
India’s CredAvenue hits unicorn status with $137m Series B round
CredAvenue will use the cash to invest in artificial intelligence, machine learning and data analytics.
BNPL platform tabby raises $54m in Series B extension round
The cash will go towards expanding its product offering and supporting its international expansion.
Airtel partners Axis Bank to boost India’s digital financial services ecosystem
The Airtel Axis Bank credit card is the first product to be launched under the partnership.
A new world: Mission Lane on helping the underbanked build credit
FinTech Futures discusses financial inclusion in the US with Mission Lane CEO Shane Holdaway.
Youth-focused fintech FinZi set to launch in Colombia
FinZi has already secured a pre-seed capital raise worth $350,000.
LHV Group set to acquire Estonian paytech EveryPay
LHV CEO says growing its payment services business has become an important part of the firm’s growth strategy.
Aussie BNPL firm Zip confirms Sezzle acquisition
The deal values Sezzle at approximately $360 million (AUD 491 million).
Payroll API fintech Atomic secures $40m Series B funding
Atomic wants customers to be able to invest, save and accrue wealth by “unlocking the power of their paychecks”.
Collaboration between banks and fintechs can bring faster speeds to the international payments space
Collaboration has driven considerable innovation in the international payments market in recent years.
US fintechs Growfin and PTO Exchange secure seed funding
US-based start-ups Growfin and PTO Exchange raise $1.4 million and $5.4 million, respectively.
African asset financing platform M-Kopa raises $75m in funding
M-Kopa will use the new cash to grow its team and expand into additional countries.
ICYMI fintech funding round-up: Anfin, Hubuc, Intix, Pluto, Upswing, & WALO
Our weekly fintech round-up for you to get the latest funding news.
Boku offloads ID verification division to focus on mobile payments
Boku CEO says the sale will allow the firm “to focus on developing our mobile payments solutions”.
Shift4 to acquire cross-border payments provider Finaro in $575m deal
The company also confirmed the acquisition of cryptocurrency fundraising platform The Giving Block.
UK fintech funding round-up: Delio, Detected, Kolleno, Nosso, Strabo, & Yimba
A handy round-up of the recent funding endeavours of UK-based fintechs.
