ICYMI funding round-up: TruePay, BankiFi, Aurelia, Jeff & more
Another collection of funding rounds and raises from all over the world you might have missed this week.
Mobile
PayPal acquires Japanese BNPL unicorn Paidy in $2.7bn deal
PayPal sees the deal as a way to accelerate business in Japan.
Hoddle hires former FCA man Gidla as new COO
John Gidla joins the fintech after three years at the Financial Conduct Authority.
Digital challenger Varo Bank lands $510m in Series E funding round
Funds will be used to boost product and tech development and fuel customer growth.
Fintech ecosystem MNT-Halan lands $120m funding
The Egyptian digital platform connects merchants and users who are typically excluded from financial institutions.
Visa partners Indian paytech to push offline payments
Innoviti says it is committed to building a cashless India, driving financial inclusion across the country.
Standard Chartered sets aside $107m for new digital bank in Singapore
UK-listed lender forms joint venture with Singapore’s National Trades Union Congress.
Report: “Fintech vs Fintech”? The rise of digitalisation in banking
FinTech Futures launches its latest report looking into the changing nature of digital technologies in our industry.
Fintech software firm Veritran hits $225m valuation with Trivest investment
Veritran’s enterprise low-code platform facilitates billions of transactions annually.
Fintech funding deals globally 30 August – 5 September 2021
Featuring Insurify, Snap Raise, Clicklease, Jeeves and Origin.
Crypto exchange FTX.US acquires derivatives platform LedgerX
The firm aims to bring regulated crypto derivatives to its US user base.
Mambu takes the Cake with new digital banking deal
Cloud core banking vendor wins deal with new Vietnamese digital bank Cake.
IKEA parent company Ingka Group invests $22.5m in BNPL fintech Jifiti
The minority stake investment will expand IKEA’s financing offering in-store and online.
DWG expands into Singapore with remittance app acquisition
Fintech says Singapore will act as a springboard for expansion into North America and Europe.
Brazil’s Banco Inter agrees deal to acquire US fintech USEND
The digital banking firm is looking to expand into North America.
Nigerian central bank partners with Bitt to deliver new digital currency
The Barbadian fintech says digitising the Naira will benefit the entire Nigerian financial ecosystem.
Aspiring challenger bank W1TTY receives UK EMI licence
The firm’s smart finance app will launch in the UK early next year.
Nubank aims for IPO worth $55bn to beat traditional rivals
Brazilian challenger wants to smash the valuation of it’s largest legacy rival, Itau.
Mexican fintech Flink lands $57m in Series B round
New investment follows the company’s $12 million Series A round in February.
ICYMI funding round-up: Pngme, Recognise Bank, pawaPay, Finexio & more
Another collection of funding rounds and raises from all over the world you might have missed this week.
PayPal launches UK crypto service
It is the first international expansion of the service outside the US.
What the Fintech? | S.2 Episode 16 | Waking up on the right side of embedded
Louisa Murray, COO for UK and Europe at Railsbank, joins us on this latest episode of the podcast.
Bookkeeping platform Khatabook raises $100m in Series C funding
The Indian firm provides tools for the country’s 67m small and medium-sized businesses.
MovoCash partners with Fiserv to expand money movement options
Fiserv’s debit payments network will give MovoCash customers another way to access their cash.
Paysafe agrees deal to acquire German digital payments firm viafintech
It is Paysafe’s third acquisition in the last month, following deals for SafetyPay and PagoEfectivo.
Digital payments fintech Cantaloupe acquires Yoke Payments
The acquisition of Yoke will bolster Cantaloupe’s unattended retail market offering.
Webinar: Mobile financial super apps – what’s your strategy and what are you waiting for?
Learn how you can win the mobile banking app battle and secure your future banking business.
Family finance start-up Hapi launches investment app for parents
Parents can open a junior stocks and shares ISA or general investment account.
Dear Luc: Should I use influencers to target Gen Z?
This week someone asks: we’re targeting Gen Z, how can we utilise our spend on marketing and influencers?
Branch raises $48m Series B to serve independent contractors
Payments firm provides instant access to wages and a zero-fee bank account.
Boku launches mobile payments network M1ST
Firm aims to make mobile payment acceptance easier for merchants.
Chime secures $750m funding to reach $25bn valuation
The San Francisco-based firm has now raised over $2 billion in total funding.
ICYMI funding round-up: Sarwa, Salad, Grip, Keebo & more
Another collection of funding rounds and raises from all over the world you might have missed this week.
Triodos Bank UK partners SurePay to deploy Confirmation of Payee solution
Triodos says it chose to partner with SurePay due to its “best-in-class” platform.
Social finance app Frich launches in the US
NYC-based Frich offers a savings wallet and no-fee overdraft for Gen Z users.
Video: fintech news pick of the week – BharatPe, Apple and BigPay
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Plaid agrees $58m settlement over data privacy class action
The plaintiffs alleged Plaid stored and used bank account information without consent.
Extended deadline announced for Banking Tech Awards 2021
The new nomination deadline for the Banking Tech Awards 2021 is 20 August.
Indian challenger bank Jupiter lands $45m Series B funding co-led by Nubank
The start-up has now raised around $71 million in total.
Apple partners Affirm Holdings to launch Canadian BNPL service
Apple will allow customers to pay in instalments to buy iPads, iPhones, and Macs.
