Affirm’s IPO is a wake-up call for banks
Affirm is placing pressure squarely on banks and fintechs to challenge its BNPL market share.
Payments
Video: Top fintech stories this week – 12 February 2021
FinTech Futures’ weekly news round-up.
Kenyan paytech Popote raises funding from GreenHouse Capital
The undisclosed amount of funding will help the paytech scale.
Equifax acquires AccountScore to boost open banking capabilities
Equifax wants higher rates of automation and verification.
TransferGo picks Thought Machine for core operations
Money transfer firm switches things up in the back office.
HPS acquires Mauritius payments processor ICPS
HPS nabs the full stake in ICPS from former partner MCB.
Boosting economic recovery by harnessing the power of payments
The other significant milestone the UK economy has to handle this year is life beyond Brexit.
Bottomline Technologies acquires TreasuryXpress
The US firm is expanding its treasury tools for corporates.
Cross-border payments fintech Payoneer to IPO with $3.3bn Spac merger
Payoneer is reportedly profitable and expects to pull in $432 million in revenues this year.
Video: Top fintech stories this week – 05 February 2021
FinTech Futures’ weekly news round-up.
Fintech funding round-up: UiPath, Narmi, Balance, GajiGesa, and more
The start of February has seen a whole host of funding rounds around the world.
SumUp acquires Lithuanian core banking firm Paysolut
SumUp continues its acquisitive spree, buying its fourth firm since 2018.
Mastercard nabs UK market share with NatWest debit deal
Card issuer will now account for one in three debit cards in the UK.
PayPal posts 22% revenue rise on back of e-commerce growth
2020 set unprecedented records for PayPal, but its 2021 outlook is more conservative.
Form3 appoints ACI Worldwide’s Jessica Letterman as new customer chief
Letterman joins after 13 years at her previous employer.
HMRC awards Ecospend “largest” open banking contract valued at £3m
“Today marks a big step forward for adoption,” says OBIE.
Checkout hires ex-Twilio and WeWork execs for “public market” experience
The fintech has been the subject of much IPO talk.
Revolut sets sights on India with remittance service
The firm is in talks with the Reserve Bank of India, local banks and fintech start-ups.
NymCard raises $7.6m for Banking-as-a-Service in MENA
The Series A funding round brings NymCard’s total investment to $12 million to date.
Acquiring pricing models
A breakdown of the benefits and challenges presented by each merchant pricing model.
UK fintechs Token and Tradeteq get investment
$15m for open banking payments platform Token and $9.4m for trade finance tech specialist Tradeteq.
Fintech trends watch 2021: checkouts, wealthtech and SCA
Our resident Gen Z’er, Ruby Hinchliffe, shares her three predictions for 2021.
The 2020s: how the way we pay will change forever
Consumers started to move from contactless to contact-free in 2020.
Fintech funding deals globally 25-31 January 2021
Featuring Robinhood, Nubank, Melio Payments, Albert and Rhino.
Payroll fintech founded by Google alums raises $35m
Check says it already works with 100,000 small businesses in the US
Dozens signs banking deal with ClearBank
ClearBank to provide account numbers, sort codes, and Faster Payments access.
Nubank rakes in $400m to fuel expansion in Colombia and Mexico
Brazilian challenger reaches $1.8 billion in total funding raised.
Video: Top fintech stories this week – 29 January 2021
FinTech Futures’ weekly news round-up.
Hesta selects SimCorp Dimension to power new portfolio strategy
Australian superannuation firm brings investments in-house.
Rhino raises $95m to support US renters
US-based insurtech believes the industry is set for “explosive growth”.
Stripe leads big investment in one-click checkout fintech Fast
Two-year-old Fast has enjoyed exponential growth in the last year.
2021 fintech predictions
Staring into the crystal ball for signs of what we could see over the course of the year from the industry.
Curve signs PassFort to automate KYB processes
The card consolidation firm picked PassFort in the wake of its Series C round.
UK’s Crown Agents Bank bags Finablr’s Bhairav Trivedi as next CEO
Crown Agents Bank is a small, profitable, UK-regulated bank.
What the Fintech? | S.2 Episode 2 | Back office processing for real-time payments
Featuring special guest Jack Baldwin, CEO at financial software provider BHMI, and everyone’s favourite Fintech Jail.
Paystone raises CAD 69m with support from Canada business fund
The funding is a combination of equity and debt financing.
Lithuanian paytech kevin. raises €1.5m in seed funding
Lithuanian firm plans availability across Europe by Q4 2021.
Waqfinity launches in UK to provide “impact focused” Islamic finance
Former Rizq founder sets up new Islamic wallet app.
Mastercard plans to raise fees for UK purchases from EU
“This smacks of opportunism,” says Kevin Hollinrake, chair of Fair Business Banking.
Crypto liquidity firm Wintermute raises $20m in Series B round
Firm plans to expand into derivatives and new markets in Asia.
