Savings and retirement wealthtech Lilly set to launch in US
Billed as “the world’s first retirement debit and credit card”, the service will cost from $5 a month.
Payments
NatWest taps Bottomline to tackle authorised push payment fraud
NatWest will look to utilise Bottomline’s confirmation of payee (CoP) solution.
ANZ and Worldline launch new payment service in Australia
Worldline holds a 51% stake in the new entity, with ANZ holding the remaining 49%.
Apple reportedly looking to build its own payments and lending infrastructure
Plans reportedly include bringing services such as payment processing and risk assessments for lending in-house.
Banking Technology Magazine April 2022 issue out now
Cover story: WINDS OF CHANGE – Tackling the carbon cost of technology.
Money transfer app Azimo acquired by payroll and payments firm Papaya Global
The acquisition follows Papaya Global’s $250 million Series D funding round last September.
Egyptian super-app Khazna secures $38m Series A round
Khazna has now raised a total of $47 million to date.
Cross River lands $620m investment to fuel expansion
The round was led by Eldridge and Andreessen Horowitz.
UK credit card start-up Yonder exits stealth, raises £20m
Yonder is designed for the five million-strong ‘credit invisible’ market underserved by current credit providers.
Making cross-border payments more transparent
Everyone deserves transparency when managing their money, and the confidence, control and security this brings.
New German fintech SaveStrike aims to help millennials invest and save
The upcoming SaveStrike app is designed to make spending, saving and investing more straightforward.
Citi plans to scale global e-commerce payments platform to 30 countries
Spring by Citi enables the bank’s institutional clients to accept consumer payments online.
Modern Treasury lands $50m in Series C extension
The extension brings the company’s total Series C funding to $135 million.
Apollo Fintech taps ThetaRay for Sonar AML monitoring tech
Apollo Fintech will deploy Sonar on its new bank-to-bank payments service Knox Wire.
ICYMI fintech funding round-up: Archie, Dapio, Finary, Jia Finance, & Zimpler
Our weekly fintech round-up for you to get the latest funding news from around the world.
India’s Pine Labs raises $50m from Vitruvian Partners to drive growth
The raise comes hot on the heels of a $150 million investment in February from Alpha Wave Global.
Charity donation app Toucan acquires fellow start-up DonatePal
DonatePal co-founder Zishan Sheikh will also join Toucan as a board advisor.
Mobile payments firm PM Connect appoints new CEO and CTO
Kevin Dawson has joined as the new group CEO with Sanjay Mistry joining as CTO in June.
Egyptian credit fintech Lucky raises $25m Series A
The cash will go towards cementing Lucky’s position in the market and building out its credit offering.
UAE’s Mashreq Bank launches paytech subsidiary Neopay
The new wholly-owned subsidiary will consolidate all of Mashreq’s existing payment systems into a single platform.
Medius snaps up US-based invoice payments specialist OnPay
The deal will see Medius open a new corporate office in Q2 2022 in Jacksonville, Florida.
Aussie paytech Zepto secures $19m Series A raise
The Series A round was led by Airtree Ventures and Decade Partners.
Lithuania’s Fintech HUB LT appoints new board and chairwoman, Asta Grigaitytė
Grigaitytė joins from the Bank of Lithuania where she worked on payment system CENTROlink.
Aussie fintech Parpera launches to help people grow their businesses
Founded in April 2020 by Daniel Cannizzaro, Parpera has already raised AUD 2.7 million in equity funding.
Money transfer app Atlantic Money prepares for launch in UK
Atlantic Money claims users can save up to 99% against providers such as PayPal, Wise and Western Union.
PayPal hires IT veteran Archana Deskus as EVP and CIO
Deskus joins PayPal from tech titan Intel, where she served as senior vice president and CIO.
Colombian fintech start-up Simetrik lands $24m Series A funding
Simetrik says the cash will go towards key hires and fueling its global expansion plans.
ICYMI fintech funding round-up: Mistho, Plurall, Rupifi
Our weekly fintech round-up for you to get the latest funding news from around the world.
Construction focused US fintechs CoFi and Handle raise funding
CoFi and Handle have raised $7 million and $10 million, respectively.
UK fintech funding round-up: Answer Pay, ScribeStar, SimplyPayMe, Smartr365, & Versori
A handy round-up of the recent funding endeavours of UK-based fintechs.
US start-up Ramp reaches $8.1bn valuation with fresh $750m funding
Ramp’s raise included $200 million in fresh equity funding and $550 million in debt financing.
Expense management platform Jeeves raises $180m Series C funding
The Series C comes just seven months after the company’s $57 million Series B funding round.
Banking app Dave partners FTX US to explore crypto payments
The partnership will see FTX Ventures, the venture fund arm of FTX Trading, invest $100 million in Dave.
Start-up Cape raises $33.1m to help businesses “unlock expense nirvana”
Cape will invest the money in technology, product expansion, and doubling its headcount in the coming months.
E-commerce paytech Reach lands $30m growth investment
The round, led by Vistara Growth, saw participation from Bluesky Equities, Tribune Capital and Rising Tide.
B2B payment specialist PayTrace acquired by North American Bancard
The US’s sixth largest independent acquirer has snapped up the long-standing merchant gateway specialist.
Cross-border payments – do they have to be so complex?
Cutting out complexity and risk from cross-border payments is key to boosting global trade and facilitating economic recovery.
How embedded finance can help brands cater to the needs of Gen Z
Payments are now just as important to brand identity as top-of-funnel activities like advertising.
FinTech Futures: Top five stories of the week – 18 March 2022
Our pick of the top news stories from the world of finance and tech this week.
ICYMI fintech funding round-up: Payrails, Nexta, Malaa Technologies, & Playter
Our weekly fintech round-up for you to get the latest funding news from around the world.
