Paytech Form3 lands €23m venture debt facility from Atempo Growth
The funding will enable Form3 to explore potential M&A opportunities and launch in new markets.
Payments
Swift appoints Max Mamondez as chief financial officer
Mamondez, who joins from the London Stock Exchange Group, will serve on Swift’s executive committee.
Raisin migrates its UK platform to ClearBank
ClearBank will offer Raisin customers access to faster payments and other services via its embedded banking platform.
Banking Technology Magazine November 2022 issue out now
Cover story: TAKING THE LEAD – Women are inspiring fintech teams.
InComm Payments buys Australian gift card provider TCN
The firm says the acquisition will boost its ability “to create personable gift card products that consumers seek”.
Is payroll technology the future of fintech?
Employees want the freedom to get paid anytime, anywhere, and payroll tech has stepped in to help.
FinTech Futures: Top five stories of the week – 28 October 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
European Commission aims to speed up the rollout of instant payments across the EU
Proposal aims to “ensure that instant payments in euros are affordable, secure, and processed without hindrance”.
CloudPay secures $50m to support development of payroll offering
The firm boasts “high double-digit growth” year-on-year and is projecting revenue growth of around 40% for 2022.
Financial super-app Curve partners Salt Edge for open banking compliance
The partnership will enable the app’s 4m users across Europe to continue to make the most of open banking.
Mexican B2B paytech Yaydoo acquires Oyster Financial
The acquisition, for an undisclosed sum, will also see Oyster CEO Vilash Poovala become Yaydoo’s new CTO.
Wise lands £300m debt facility to fuel growth plans
The syndicated debt facility was led by Silicon Valley Bank UK with six other banks also participating.
Hong Kong fintech Reap bags $40m Series A funding
The funding will be used to boost its global market expansion plans.
Bilt Rewards bags $150m funding at $1.5bn valuation
The start-up is aiming to expand its loyalty programme and credit card offering for US renters.
ConnexPay secures $110m growth equity investment led by FTV Capital
The firm says the funding will be used to support its international expansion.
Africa’s Cellulant partners Mastercard for online e-commerce payments
Cellulant’s customers can now pay online wherever Mastercard is accepted via the Tingg wallet.
B2B paytech Finexio secures $35m Series B at $100m valuation
The oversubscribed round was co-led by Mendon Venture Partners and National Bank Holdings Corporation.
Global paytech GPS hires Kim Ohlrogge as chief product officer
Ohlrogge, who joins from Germany’s Nexi/Nets Group, has assumed the role with immediate effect.
WeTravel raises $27m in Series B funding to boost fintech product development
WeTravel plans to accelerate the development of its travel-specific fintech solutions.
Innovation in payments – how merchants can get it right
When it comes to the future of payments, moving money instantaneously with ease and transparency is key.
BNY Mellon launches new aggregated payments platform Vaia
The bank says Vaia will cut the time needed for businesses to connect with any available payment rails.
Raiffeisen Centrobank partners Marqeta for digital banking products
Customers will be able to access accounts via a mobile app, make contactless payments and track spending.
Diebold Nixdorf partners Featurespace for real-time fraud prevention tech
Diebold Nixdorf will integrate Featurespace’s ARIC Risk Hub into its Vynamic Payments platform.
Fostering flexible, easy-to-use solutions for cross-border money movement
Visa B2B Connect: cross-border money movement represents a $10tn opportunity.
Delta National Bank & Trust taps Finastra for digital banking infrastructure upgrade
The firm will utilise Finastra’s Fusion Essence and Fusion Payments To Go solutions.
NatWest adds three new payment providers to VRP roster
Token, Tink and Yapily will now be able to offer VRP as a new payment option.
FIS names current president Stephanie Ferris as new CEO, replacing Gary Norcross
Ferris will take on the joint role of president and CEO at the firm from 1 January 2023.
New decentralised paytech Clowd9 launches to “transform” global payments system
Clowd9’s investor base includes former partners at Goldman Sachs, Morgan Stanley and JP Morgan.
ICYMI fintech funding round-up: Ordo, Plum, Maplerad and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Lloyds Bank partners Billhop for B2B payments
The bank’s corporate clients will now be able to pay any invoice using a Lloyds Commercial Card.
Video: Visa at Sibos 2022 – The evolution of B2B payments
We speak with Visa’s Darren Parslow about the shifting B2B payments landscape.
Crowdz to integrate open banking-powered payments with GoCardless partnership
Crowdz will implement three GoCardless open banking-powered payment features across four markets.
Egyptian fintech Telda lands $20m seed funding
The round was led by Global Founders Capital with participation from Sequoia Capital and Block.
QUBE Events gathers world-leading payments & regtech experts in Cyprus
The 12th NextGen Payments & RegTech Forum is taking place on 2-3 November in Cyprus.
Video: BNY Mellon at Sibos 2022 – The growth of real-time payments
We chat with Carl Slabicki of BNY Mellon about current payments trends and the growing adoption of RTP.
Shoreline Credit Union partners VizyPay for small business payment services
Shoreline Credit Union will refer its commercial members to VizyPay for specialised payments solutions.
Mastercard to enable banks to offer crypto trading services with new solution
Named Crypto Source, the new offering is being developed in partnership with Paxos.
HealRWorld set to launch first UN SDG-focused corporate debit card
The debit card, launching soon, aims to reward sustainable businesses.
Video: Bank of America at Sibos 2022 – Cross-border payments trends
We chat with Derrick Walton of Bank of America about how cross-border payments have evolved.
Giving control of digital payment credentials to consumers
Card issuers should provide tools for consumers to easily manage their digital payment credentials.
