Qatari financial management app Karty set to launch in MEA region
Karty allows users to spend, save and manage their money.
Payments
UK challenger 3S Money partners ClearBank to offer multi-currency accounts
ClearBank and 3S Money say the partnership will support SMEs as they scale across borders.
FIS acquires embedded finance start-up Payrix
The Atlanta-based Payrix provides embedded payment solutions for Software-as-a-Service verticals.
Round and round: how circular economy fintechs are aiming to save the planet
Twig CEO Geri Cupi thinks the circular economy is now at a tipping point in terms of mainstream acceptance.
Bank of America invests in UK paytech Banked, launches new online payment solution
BofA says the Pay by Bank solution is “part of our continual cycle of technology investment”.
African fintech start-up Stitch lands $21m Series A round
Stitch will use the cash to expand its team, launch new products and enter new markets on the continent.
Brazil’s Banco Itaú partners US paytech Rêv to launch multi-currency digital wallet
The Itaú Global Wallet was developed by Rêv on its multi-currency payments processing platform.
French BNPL fintech Alma raises €210m Series C to support European expansion
To date, Alma has raised €180m in equity and more than €100m in debt financing.
FinTech Futures Jobs: Three great companies that are hiring right now
Exciting open vacancies at Klarna, Xero and Revolut. Apply today!
Danske Bank taps SunTec for fee and billing management upgrade
“SunTec is providing a platform that supports our product roadmap,” says Danske Bank.
Diebold Nixdorf names new president and CEO as Gerrard Schmid steps down
Octavio Marquez is taking over the CEO and president role on 11 March 2022.
ICYMI fintech funding round-up: Brick, Cynomi, Infina, Fintern, Pyypl, Streetbeat, Tiba, & more
Our weekly round-up for you to get the latest fintech funding news.
Paysera appoints new CEO, awaits banking licence
Gintautas Mezetis is Paysera’s new CEO as it plots a move into the banking business.
SumUp selects Worldpay from FIS to support global expansion
London-based SumUp supports more than 3.5 million merchants across 30 markets.
Form3 poaches senior Swift exec to drive US expansion
Dave Scola moves from Swift to become Form3’s US chief executive.
FIS names new president, Stephanie Ferris
Ferris joined FIS through its 2019 acquisition of payments software firm Worldpay.
Apple’s iPhone to accept contactless payments with new ‘Tap to Pay’ feature
Tap to Pay will allow US merchants to accept cards, Apple Pay and digital wallet payments.
Kiwibank taps software firm ACI to boost real-time payments push
The deal will see ACI provide and manage Kiwibank’s digital payment hub.
Transforming payments from a cost centre to a revenue centre
Moving from a tactical to a strategic approach to payment modernisation.
GoCardless joins unicorn club with $312m Series G funding
The direct bank payment solution provider is now valued at $2.1 billion.
India confirms digital rupee CBDC to debut by 2023
The finance minister announced a raft of digital economy support measures in her Union Budget 2022-23 speech.
B2B payments shouldn’t be a zero-sum game
New approaches to Accounts Payable (AP) and payment optimisation are creating mutual value for buyers and suppliers.
Fintech funding deals globally 31 January – 6 February 2022
Featuring FTX, Chargebee, Koho, Phantom and League.
New neobank Coupl set to launch in India
Start-up allows couples to set up joint accounts and manage their money together.
Bank of Baroda taps enterprise tech provider NCR for ATM-as-a-Service solution
The Indian bank says the new ATMs will offer “expanded transaction options via our self-service channel”.
Colombian paytech Bold secures $55m Series B to boost financial inclusion
Bold wants to accelerate Colombia’s transition from cash to a digital payments economy.
FinTech Futures Jobs: Three really exciting roles to apply for this week
Exciting open vacancies at Klarna, Xero and Revolut. Apply today!
ICYMI fintech funding round-up: Akuvo, BFM, Billhop, Finverity, & LemonEdge
Our weekly round-up for you to get the latest fintech funding news.
Subscription management platform Chargebee valued at $3.5bn following $250m raise
Chargebee CEO says the firm solves infrastructure issues facing high-growth subscription businesses.
Accenture, SIA, and G42 to build instant payments platform for UAE
Led by Accenture, the consortium will build and operate the platform over the next five years.
Temenos lands new wins in Slovakia and Iraq
Temenos has signed Tatra banka in Slovakia and ZainCash in Iraq.
White paper: Real-time payments – the exciting state of the union
An update on the state of RTP in the US, based on Aite-Novarica Group’s in-depth research.
White paper: Real-time integrated payables – the killer use case for RTP
This extensive report is an update on the state of RTP in the US and the evolving opportunity landscape.
Meta drops crypto project Diem due to regulatory roadblocks
The Diem Association has sold its intellectual property and tech assets to Silvergate Capital in a $182m deal.
Bolt founder Ryan Breslow announces new CEO after Silicon Valley Twitter rant
Breslow has moved to a new role as executive chairman, focusing on funding and acquisitions.
New US debit card fintech Xrent aims to help renters get on the property ladder
The fintech’s ‘rent-to-mortgage’ programme is designed to direct rent payments toward homeownership.
Worldline plans to expand workforce by 25% with 5,000 new hires
Hires form part of strategy to become go-to paytech in Europe’s payments ecosystem.
Digital asset custody platform Fireblocks worth $8bn following $550m Series E
The round makes Fireblocks the highest-valued digital asset infrastructure provider in the world.
Anti-fraud firm ClearSale acquires US tech start-up ChargebackOps for initial $3.6m
“Chargebacks are an enormous and growing problem for e-commerce merchants,” says ClearSale EVP.
Garden of Eden: how Africa’s digital transformation promises to boost the continent
Demographics, technology and opportunity have set the stage for Africa to become a global fintech powerhouse.
