UAE’s YAP secures $41m to support continued expansion
Start-up says the funding will support expansion into Saudi Arabia, Pakistan, Ghana and Egypt.
Payments
Revolut partners Stripe to accelerate global expansion
Stripe and Revolut will explore opportunities to “deepen” their collaboration.
Accounts receivables platform Tesorio bags $17m in Series B round
The new capital takes Tesorio’s total funding raised to date to $37.6 million.
New digital payment platform Kasheesh launches in US
Kasheesh reduces the cost burden on individual cards and helps users build their credit scores.
DND Finance launches UK’s first Shariah-certified credit card
The Score Mastercard enables new-to-UK users to transact and build up their credit history.
Worldline completes acquisition of Eurobank’s merchant acquiring business in Greece
As part of a joint venture with Eurobank, Worldline will hold an 80% stake in the new company.
Congratulations to the PayTech Awards 2022 winners!
The winners and highly commended were announced in a ceremony at the Merchant Taylors’ Hall in London.
NPP Australia rolls out new digital payments solution, PayTo
NPP Australia has been working with the financial services industry to develop the PayTo service.
Meta calls time on digital wallet project Novi
The Novi app and Novi on WhatsApp will no longer be available starting 1 September 2022.
UK paytech GPS announces new senior leadership changes
Dewar was CEO at GPS for over four years, while Schultz joins over from Fiserv.
Aussie BNPL firm Openpay puts a pause on US operations
The company’s available capital and funding will be redirected to its Australian business.
Ireland’s Synch partners Nexi for upcoming mobile payments platform
Synch provides an account-to-account (A2A) mobile payment solution for consumers and businesses in Ireland.
Dubai’s Careem acquires money transfer platform Denarii
Careem plans to offer “simple and affordable international remittance services” through its super-app.
Know what you code: the most important factor to launching a successful FinOps start-up
Use the tools of the trade to build your start-up from the ground up. Give your customers what they want. Lead by example.
GoCardless to buy Latvian open banking platform Nordigen
The deal is expected to close later in the summer.
WTH are ZKPs? Making blockchain transactions private
In order to gain or have mainstream adoption of blockchain tech, it needs to be private.
How banks can protect customers from impersonation fraud
Figures from UK Finance reveal impersonation fraud cases have surged by 300% in the last year.
iBanFirst snaps up UK foreign exchange provider Cornhill
The firm hopes the deal will help SMBs across Europe tackle Brexit-related payment challenges.
FinTech Futures Jobs: Are you paying a loyalty tax at work?
Find your next fintech career move on the FinTech Futures job board today.
Daxsen Group to launch new digital bank in Ecuador
Daxsen Bank intends to reduce operational and transactional costs to “revolutionise” the country’s banking sector.
FinTech Futures: Top five stories of the week – 1 July 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Yoma Bank taps Compass Plus Technologies for time-to-market upgrade
Myanmar’s Yoma Bank has replaced its in-house processing centre with Compass Plus’ TranzAxis.
Video: SmartStream at Money 20/20 Europe – Levelling the playing field
We chat with SmartStream about how the firm is helping financial institutions keep up with new tech developments.
Paytech Flutterwave hires Gurbhej Dhillon as new CTO
As CTO, Dhillon will be tasked with developing the fintech platform’s architecture and infrastructure.
Singapore’s Funding Societies acquires paytech CardUp
Funding Societies says that all of CardUp’s employees across Asia will be retained.
The next frontier in global payments goes beyond borders
Payments will become more inclusive to both consumers and merchants.
White paper: Developing a futureproof payments market infrastructure – Insights from around the world
How payments market infrastrcutures (PMIs) enable safe, efficient and open payments.
Video: Kraken at Money 20/20 Europe – Keeping up with cybercriminals
We chat with Curtis Ting of Kraken to discuss how financial crime is evolving in the digital asset space.
Fintech Unlimint to become Telegram’s official payment provider
The integration will allow Telegram users to purchase services and goods directly through the messenger.
Atlantic Money secures payment institution approval in Belgium, eyes EU
The firm received approval to operate as a payment institution from the National Bank of Belgium (NBB).
Crypto paytech Wirex makes a comeback in the UK
Along with resuming services, Wirex also announced that it is launching multiple offerings.
Lithuania’s SME Bank partners kevin. for A2A e-commerce platform
The new offering is a unified payment infrastructure enabling account-to-account (A2A) payments across the Baltics.
Earned wage access platform Tapcheck raises $20m Series A
Tapcheck says cash advances relieve the stress that usually comes with living paycheck to paycheck.
Raisin Bank acquires payments division from Bankhaus August Lenz
The acquisiton, for an undisclosed sum, will be headed up by Bankhaus payments veteran Mirko Siepmann.
Stripe simplifies bank transfers for UK, EU and Mexican businesses
Stripe says that bank transfers, despite their popularity and ease of use, are “filled with friction”.
Fintechs Stanhope and Stenn hire new CPOs as they look to scale
Groombridge will be leading Stanhope’s payments offering, while Bajwa will be developing Stenn’s financing solutions.
SME paytech SumUp raises €590m at €8bn valuation
SumUp says the latest funding is “indicative of our strength, execution, and potential”.
Blockchain paytech Roxe to go public via SPAC merger in $3.6bn deal
Roxe will merge with Goldenstone Acquisition and become a publicly traded company on Nasdaq.
Video: How Payoneer prevents financial crime with ThetaRay’s tech
Payoneer explains why it chose ThetaRay to monitor payments on its global platform for financial crime.
Europe funding round-up: Bits of Stock, Formance, Aveni, and Datia
A handy round-up of the recent funding endeavours of fintech companies across Europe.
