ICYMI funding round-up: FinanZero, Hala, Spoko, Cornerstone & more
Another week and another slew of funding rounds.
Payments
Egyptian fintech Paymob lands country a record $18.5m Series A
The Series A followed a $350,000 seed raise in 2019.
Octobank acquires Earlybase to boost sales and marketing in Europe
Czeczia-based neobank makes strategic buy.
Raising the curtain on embedded finance: the next wave of fintech is here
Embedded finance brings an entirely new set of players targeting specific segments into finserv.
Banking Technology April 2021 issue out now
Soaring to new heights: a record-breaking first quarter of M&A activity.
Airtel Africa sells 25% stake in mobile money arm to Mastercard for $100m
Airtel Africa hopes to list the mobile money business as a separate entity.
Stripe takes first step into Middle East with UAE expansion
Digital payment transactions in the UAE during 2020 reached $18.5 billion.
Clubhouse introduces tipping for content creators with Stripe
The one-year-old start-up has raised around $100 million to date.
WhatsApp Pay finally gets greenlight from Brazil’s central bank
WhatsApp is only allowed to do P2P payments in Brazil.
US retail trade groups ask to join $5.54bn Visa and Mastercard lawsuit
The two bodies want permission to become parties in the lawsuit.
Fintech funding deals globally 29 March – 4 April 2021
Featuring HighRadius, Next Insurance, dLocal, Pipe Dream Technologies, and Paidy.
Top 10 funding rounds in Q1 2021
The first quarter of 2021 has seen a handful of big rounds.
Paysafe goes public via Spac merger
Shares of Foley Trasimene Acquisition Corp. II moved 5.77% higher Monday to $15.39.
Finch Capital acquires Wirecard’s Turkish operations
Investment firm sets up new payments brand in Turkey.
Taking charge and reducing charges
A major feature of Open Banking is relatively underused – Payment Initiation Services.
Stilt prepares to offer US immigrants banking products and a credit history
The firm recently accrued a $100m debt facility from SVB.
Fiserv acquires US processor Pineapple Payments
It is expected to close by the end of Q2 2021.
Video: Top fintech stories this week – 26 March 2021
FinTech Futures’ weekly news round-up.
ICYMI funding round-up: Meniga, Recharge.com, Hala, Zaver & more
Plenty of deals this week to be summarised by FinTech Futures.
PPRO boosts unicorn round up to $270m with JP Morgan
PPRO says it doubled its transaction volumes over 2020.
Aussie fintech Airwallex lands $2.6bn valuation with $100m raise
Airwallex is currently expanding into Asia, the UK, and – most recently – the US.
Identity fintech Prove acquires research firm Medici Global
“This acquisition allows us to offer expert advisory coverage”.
Gerlionti pick Nets to underpin launch of GerliPay
Nets is providing card management and processing services for the new app.
Jumio raises $150m in private equity investment
Firm lands “largest funding round” of the digital identity space.
HSBC challenges fintechs with launch of SME banking app Kinetic
“We’re taking the toolkit approach of the challengers,” HSBC lead tells FinTech Futures.
Webinar: Getting to market faster by outsourcing PCI compliance
Cost benefits, getting more value from data, protecting card data, and managing other sensitive data.
Revolut applies for US banking licence days after Canada exit
Revolut’s US operations are led by banking veteran Ron Oliviera.
Fintech funding deals globally 15-21 March 2021
Featuring SumUp, eToro, Plaid, SecurityScorecard, and Coalition.
US Department of Justice sets antitrust sights on Visa
Visa’s hold on the debit market in the US under investigation.
Nigerian challenger Kuda Bank raises $25m in Series A funding
Neobank nabs more funding just four months after last round.
Pollinate secures $50m Series C funding for US expansion
UK firm has raised $218 million to date.
Profile Software buys Euronext’s Centevo solution
Euronext offloads asset management platform after 2019 acquisition.
London fintech Agitate latest to unveil open banking-powered payments solution
The solution skips the card ecosystem entirely.
US de novo Lili targets freelancers with tax tools & early payments
It wants to give freelancers an “all-in-one” banking app.
Video: Top fintech stories this week – 18 March 2021
FinTech Futures’ weekly news round-up.
PayTech Awards 2021 – call for judges
Be at the forefront of paytech innovation and gain exclusive insights by joining our all-star judging panel.
ICYMI funding round: Fondeadora, SEON, Lendo, Nomanini & more
Plenty of funding rounds may have slipped you by this week.
Lithuanian fintech SH Payments picks Nano as new core system
Baltic Amber Systems beat “several” competitors to the deal.
PayFit raises €90m to automate payroll and HR for European SMEs
The previous funding round closed in 2019, with €70 million.
Canadian challenger Koho raises $56m in Series C funding round
The new funding is all headed towards building awareness in the market.
