Fintech start-up destream to launch bank card aimed at internet content creators
Destream says banks often block large payments from donations and platform subscriptions.
Payments
Paystone snaps up merchant services provider Canadian Payment Services
Paystone CEO Tarique Al-Ansari says the deal will “provide additional value to CPS merchants”.
FinTech Futures Jobs: Three interesting new roles to consider this week
Exciting open vacancies at Starling Bank, Klarna and Crowdcube. Apply today!
Fintech start-ups Altpay and Finz Money launch in UK
Both companies are now open for new customers to register.
Aussie BNPL firm Zip confirms Sezzle takeover talks
The potential deal would follow a string of acquisitions by Zip over the past 18 months.
ICYMI funding round-up: ApexEdge, DirectID, Everything, NALA, Tuum, & OZÉ
Our weekly round-up for you to get the latest fintech funding news.
Insurance payments platform Ascend lands $30m Series A
Ascend claims to be “the first modern insurance payments platform”.
JP Morgan acquires 49% stake in European SME paytech Viva Wallet
JP Morgan says Viva Wallet is a “natural fit” for its payments business.
BNPL provider Splitit appoints new CEO, Nandan Sheth
Nandan Sheth moves from Fiserv, where he was head of global digital commerce and the firm’s Carat business.
Pinwheel raises $50m in Series B to help create “fairer financial system”
Pinwheel provides an API that allows businesses to connect payroll accounts to their applications.
Rupifi appoints early investor Rajesh Kamra to lead B2B payments innovation
Rupifi says it’s India’s “first embedded finance company” in the B2B payments space.
German fintech start-up Moss secures $86m Series B funding at $573m valuation
The latest cash injection takes the company’s valuation to over €500 million ($573 million).
Start-up Vartana launches with $57m funding with aim to become the “Affirm for B2B”
Vartana is a new provider of managed checkout and BNPL options for businesses.
Video: fintech news pick of the week – Amazon, Visa, Bolt & Lunar
Our top pick of news from the world of finance and tech in bitesize video format, every week.
New financial services app Zindigi launches in Pakistan
Zindigi says the country has many banks, “but not many banking experiences”.
Open banking fintech Plaid acquires ID verification platform Cognito
The acquisition completes the customer onboarding experience, says Plaid CEO.
UK’s Payment Systems Regulator fines Mastercard £31.5m for competition law violations
Five prepaid card companies admitted to cartel behaviour while supplying local authorities.
ICYMI funding round-up: BillEase, Cake, Gr4vy, Finmap, Shield, & Skilling
Don’t let funding announcements slip you by in this fast-paced industry!
African fintechs Finclusion and Lipa Later raise pre-Series A funding
Finclusion has landed $20 million and Lipa Later has secured $12 million.
BitPay hires payments veteran Jim Lester as first COO
BitPay CEO says appointment of COO was necessary as more payments move to the blockchain.
African fintech start-ups Float and Asaak gain funding
Ghana-based Float and Uganda-based Asaak raise $17 million and $30 million, respectively.
Swiss neobank Entris selects Bottomline for digital-first payments upgrade
Entris is looking to future-proof its operations ahead of the introduction of instant payments in Switzerland.
Amazon U-turns on decision to ban UK-issued Visa credit cards
The eleventh-hour reprieve comes as both companies are “working closely” to reach a longer-term agreement.
Webinar: The future of real-time payments – global trends and consumer perspectives
Getting a clearer vision into the acceptance, use, and future of real-time payments across the world.
Fintech funding deals globally 10 January – 16 January 2022
Featuring Checkout, Qonto, CAIS, Qraft Technologies and SEBA Bank.
FinTech Futures Report: Banking and payments in 2022 – digital transformation & trends in financial technology
Learn how to increase efficiency and gain a significant advantage over competitors.
Retail finance platform Divido appoints Todd Latham as CEO
Latham has also held senior positions at American Express and Microsoft.
USDF Consortium launches to develop and promote bank-minted stablecoin
The FDIC-insured banks want to “unlock the financial opportunities” of blockchain technology.
BlueVine sells its founding invoice factoring business to Canadian rival FundThrough
The acquisition fast tracks the FundThrough’s expansion efforts in the US market.
Indian fintech FPL Technologies raises $75m in Series C round
Pune-based FPL’s products are designed to create a credit-savvy population.
Video: fintech news pick of the week – Checkout.com funding; UK fintech investment; digital currency pilot in Bahrain
Our top pick of news from the world of finance and tech in bitesize video format, every week.
Instant payments come to Curaçao and Sint Maarten
The system was developed by European paytech provider Worldline.
FinTech Futures Jobs: Three exciting companies that are hiring in 2022
Exciting open vacancies at Klarna, Seedrs and Starling Bank. Apply today!
Digital asset fintech Zero Hash lands $105m in Series D round
The round saw participation from Bain Capital, NYCA and Point72 Ventures.
Ebury appoints HSBC innovation head Louise Chan as new COO
Chan is taking on an expanded role, covering operations, product, data and regulatory reporting.
Sydney fintech start-up Cape makes tech and product leadership hires
Julian Guppy joins as CTO and Andrew Fanner as chief product and marketing officer (CPMO).
Pan-African Payment and Settlement System goes live
PAPSS will save Africa more than $5 billion in payment transaction costs every year.
GPS adds $100m to its latest funding round, appoints new chair
Global Processing Services (GPS) closes its latest funding round at over $400 million.
ICYMI funding round-up: DigiDoe, Acorn Finance, ThankUCash, Trust & Will, MDXT, & Paywatch
Don’t let funding announcements slip you by in this fast-paced industry.
The 10th NextGen Payments and Regtech Forum
The event will be hosted between 9 March – 10 March in Dublin, Ireland.
