Retail rewards platform Fetch raises $80m in venture funding
Fetch Rewards has raised $131m since 2013.
Payments
Auriga to manage Belgium’s new ATM network Batopin
Batopin was formed by four major Belgian banks.
Australian lender RedZed is first live on SAP’s Cloud for Banking service
RedZed goes live on SAP package deal, hosted on Amazon Web Services.
Video: Top fintech stories this week – 04 December 2020
FinTech Futures’ weekly news round-up.
Payment Systems Regulator names Ruth Wandhöfer as new chair
Wandhöfer replaces Stephen Locke at the payments regulator.
Web Summit 2020: A fintech summary
Stripe is looking at products around digital identity.
African American Credit Union Coalition signs partnership with Fiserv
Fiserv to identify research and technology needs of AACUC members.
Former Paypal execs raise £14m for start-up venture Primer
The co-founders met at PayPal-acquired Braintree.
Douugh partners with Humm Group to launch US-based BNPL product
Australian neobank plans “Credit Jar” to help users build their credit scores.
TransferWise nabs Australian banking licence from APRA
The restricted licence gives TransferWise access to the country’s real-time payments system.
Principles for a global central bank digital currency and a single global payment system
The new global payment system should replace all current payment and settlement arrangements.
Stripe chases $100bn valuation with no sign of IPO
Stripe could see its valuation quadruple in just two years.
Banking Tech Awards 2020 hosted online by Tom Ward
Join comedian Tom Ward for the 2020 Banking Tech Awards. Broadcast online on 10 Dec, 3:30pm GMT and is free to attend.
Central Bank of Iceland deploys new RTGS with SIA
The new system can support 5 million payments per day.
London payments firm SumUp buys digital PoS fintech Goodtill
SumUp and Goodtill have worked together “for many years as partners”.
Video: Top fintech stories this week – 27 November 2020
FinTech Futures’ weekly news round-up.
Forter raises $125m in Series E funding to secure $1.3bn valuation
Fraud prevention firm plans to build on its data network.
South African BaaS provider Ukheshe to acquire local fintech Oltio
Oltio is a smaller South African firm which hosts QR code payments for Mastercard.
Square and Tencent lead €93m Satispay funding round
The Italian paytech firm has recorded “significant growth” in 2020
Indian payments fintech Cashfree lands Apis-led $35m Series B
Cashfree counts more than 50,000 businesses as customers.
Western Union snaps up 15% stake in Saudi telco’s payments arm
Currently Western Union provides stc pay with money transfer services.
On-demand payment innovation at the heart of digital “new normal”
The COVID-19 pandemic has delivered industry changes in rapid time.
TransferGo secures £4m from Silicon Valley Bank
The pre-Series C investment funds will be used to develop and expand its RTP platform.
Building out a payments hub with Infosys Finacle
Peter Ryan, senior product manager at Infosys Finacle, speaks to FinTech Futures about payments.
European Central Bank taps SIA and Colt to connect market infrastructure
SIA and Colt will help the ECB connect through the ESMIG single access interface.
Chipper Cash raises $30m in Series B featuring Jeff Bezos VC
The Amazon founder’s personal VC participated in Chipper’s latest funding
UK payments provider Modulr lands £9m investment from PayPal
PayPal thinks Modulr is “well-positioned to be an enabler”.
Neobank Mercury aims to serve US start-up scene
Founded in 2017, the bank has raised $26m so far.
App for US landlords NestEgg lands $7m Series A
Alongside its fresh capital injection, the start-up has also launched NestEgg Pay.
How real are real-time payments?
Incumbents and fintechs face the same challenges when scaling real-time payments.
If consumers welcome new payment options, why are they slow to adopt them?
The world of payments continues to evolve, but are consumers evolving with it?
Santander to pay €100m for Wirecard’s core European business
The deal means the bank can expand its payment solution across Europe, says Santander’s CEO.
Nexi’s acquisition of Nets creates Europe’s largest payments firm by volume
Nexi is “uniquely positioned to catch further M&A opportunities”, says CFO.
French telecoms firm launches prospective challenger bank
Noelse is still in the very early stages of development.
Lawyers turned payment processors serve world’s richest consumers
“We’ve already broken even,” says CEO.
Mastercard to help Canada build its new real-time payments rails
RTR marks a big step in modernising Canada’s payments system.
Video: Top fintech stories this week – 13 November 2020
FinTech Futures’ weekly news round-up.
Grab leads $100m investment in Indonesian e-wallet LinkAja
Singaporean fintech begins investment project in Indonesia.
New wealth managment app Fortu plans crowdfunding campaign
The wealthtech says it provides “secure, reliable and international financial reach”.
UK government signs London fintech Judopay for digital payments
“Everything from tax payments to donations to charities” come under the deal.
