North America fintech funding round-up: equipifi, PayEngine & Moves
A handy round-up of the recent funding endeavours of fintech companies across North America.
Outsourcing
Card-issuing platform Marqeta partners Evolve Bank & Trust
Evolve will support the full range of Marqeta’s card programme management capabilities.
Payments infrastructure provider Paddle snaps up ProfitWell for $200m
Paddle will integrate ProfitWell’s financial metrics, as well as its pricing and retention software.
Taiwan’s Mega Bank selects Avaloq’s core banking platform
Mega Bank will deploy Avaloq’s core platform to digitalise its private banking business.
Two US banks tap fintech Chimney to boost customer engagement
New York-based Chimney’s financial calculators help customers make “smarter” financial decisions.
US fintech Caribou lands $115m Series C at $1.1bn valuation
Caribou will use the new funding to invest in its platform, expand its team and develop new products.
Singapore’s MatchMove acquires Shopmatic for $200m
Post-acquisition, Shopmatic CEO Anurag Avula will continue in his role.
BaaS fintech Griffin taps Clausematch for banking licence applications
Clausematch simplified the application to the Prudential Regulation Authority and the Financial Conduct Authority.
SpotOn bags $300m Series F at $3.6bn valuation
SpotOn has raised $928 million in funding to date.
Solarisbank appoints new CIO, CTO dual leadership team as firm scales
Solarisbank says the close-knit dual leadership will “master the challenges of a growing tech organisation”.
Allegacy FCU taps enterprise tech provider NCR for data analytics solution
Allegacy FCU says partnership will “make data actionable, unlock predictive insights and drive innovation”.
Embedded banking models and the rise of Service-as-a-Bank (SaaB)
It’s high time that banks and credit unions stop seeing competition only as a threat.
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Europe fintech funding round-up: Findity, Recognise Bank, Moneybox, Circit & Klarpay
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UK challenger Atom hires Andy Sturrock as CTO
Atom Bank’s new CTO wants to take the bank’s technology “to the next level”.
BaaS start-up Unit raises $100m Series C, reaches $1.2bn valuation
The company intends to use the capital to “make it even easier for companies to launch and succeed”.
Neolender ThinCats taps cloud banking vendor Mambu as it looks to scale
ThinCats will leverage Mambu’s cloud banking solutions and its SaaS technology platform.
Mastercard partners Dreams for sustainable banking solutions
The two firms aim to develop digital banking solutions that will help banks tackle climate change.
BforBank taps Temenos for Google Cloud-supported future expansion
BforBank is the fully digital banking offering from French international banking group Crédit Agricole.
Tide partners Sage to offer new tax and accounting product
Tide says its new offering will reduce the “time and stress of traditional accounting” for its customers.
Hawaii State FCU taps Lumin Digital to enhance banking services
Hawaii State FCU will go live on Lumin Digital’s platform in June 2022.
Westpac partners 10x Banking on new platform for institutional clients
10x Banking will provide the core technology for the new venture.
Santander uses in-house cloud tech to digitise core banking
Santander expects to fully complete the transition within the next two to three years.
Nets buys German POS specialist orderbird
Nets is part of European paytech conglomerate Nexi Group, which will own 100% of orderbird.
Brazilian fintech Dock lands $110m growth funding at $1.5bn valuation
Dock says the new capital will turbocharge its product development and international expansion plans.
Embedded payments platform Infinicept raises $23m to boost growth
The round was led by SVB Financial Group and Piper Sandler Merchant Banking.
ICYMI funding round-up: Sudozi, Mentum, Assetplus, Multipl & Akuvo
Our weekly fintech round-up for you to get the latest funding news from around the world.
EMEA funding round-up: Cashew, Stanhope, Elucidate, Spades, Sun Zu Lab & sqft.capital
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Ohio’s KeyBank acquires Philly fintech firm GradFin
Founded in 2015, GradFin offers advisory solutions for people wanting assistance with their student loan debt.
Paddle raises $200m Series D round at unicorn valuation
The latest round brings Paddle’s total funding to date to $293 million.
Aussie fintech for farmers AgriDigital raises $17.4m
The round, a mix of debt and equity, was led by a local fund.
US fintech MainStreet lays off 30% of employees
CEO Doug Ludlow cites “today’s incredibly rough market” as the reason for the layoffs.
Apple invests $25m to help underserved communities via fintech platform CNote
CNote has already started moving Apple’s money into the communities through its platform.
Canada’s Neo Financial hits unicorn status with $145m Series C raise
The round was led by Valar Ventures, with new and existing investors also participating.
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Deloitte hires Bob Savino to offer new BaaS solution for financial institutions
Savino will head up a fintech start-up team as the consultancy looks to bring a new BaaS solution to market.
ICYMI funding round-up: Estateguru, SaaScada, tell.money, Cheq, GMEX & Bluezone
A handy round-up of the recent funding endeavours of fintech companies across the globe.
First Bank partners Finzly to offer payments services to business customers
First Bank says Finzly’s Payment Hub “gives us the speed and agility to offer a fintech-like payment experience”.
