Cash flow firm Plastiq raises $75m in Series D funding round
Plastiq has raised more than $140m in funding since its founding in 2012.
Payments
Coronavirus: UK cash usage halves during pandemic
Shop closures, contactless and hygiene concerns taking its toll on cash.
Pleo offers new customers free services until July amid coronavirus
“With this uncertainty set to rumble on […] Pleo wanted to do something to help.”
CFTC publishes final guidance on cryptocurrency actual delivery
The CFTC announces new guidance after lengthily market consultation.
TransferGo hires former Revolut man as new compliance chief
Francesco Fulcoli will work on KYC, AML and CFT for the remittance firm.
OpenPayd appoints Fidor founder as senior advisor
Matthias Kröner joins the firm to drive its international plans.
Brex acquires trio of San Francisco start-ups
Neji, Landria, and Compose Labs all brought under the Brex umbrella
Dublin start-up My Money Jar lands investment from Enterprise Ireland
The fintech has raised a total of $1.4 million.
UK contactless limit raised to £45 to prevent coronavirus cash handling
“The changes were already under consideration by the industry,” says UK Finance
Jumia steps in to assist Africa amid rising coronavirus numbers
Jumia will help various African governments distribute masks to hospitals.
Will Asia’s Big Tech European expansion stick?
Asia’s mega funding rounds make Europe’s look like child play.
Are enhanced security procedures more important than faster payments?
The industry is doing all it can to fulfil the SCA requirements laid out by the EBA.
World Bank issues $300m loan to boost Indonesian financial sector
International bank seeks to support Indonesian fintech and banks.
Goldman Sachs becomes part of SAP’s Ariba Network
More than 4.6 million companies make up the Ariba Network.
The accounts payable e-guide, vol. 1 – no pain, no gain?
Addressing ways to streamline the accounts payable process with digital integrations.
DeeMoney offers blockchain cross-border payments with RippleNet
The fintech becomes Thailand’s first non-bank institution to use the solution.
Temenos and ClearBank team up for UK cloud payments
The partners will offer access to real-time payment services.
Fiserv acquires POS partner Bypass Mobile
The two firms will work on new “purchasing experiences”
Wirecard expands ecommerce partnership with WeChat Pay
European merchants can integrate WeChat Pay “in just a few minutes”.
Mastercard set to propel bunq’s Green Card throughout Europe
The cards have seen a CO2 reduction of roughly 30.8 million kg so far.
WorldRemit teams up with Paykii
It will launch international bill payments through its own app/website using Paykii’s tech.
Square lands conditional banking licence from FDIC
The bank will be based in Utah.
TransferWise teams with Alipay in latest Asian expansion
TransferWise customers just need the recipient’s name and Alipay ID.
Student Loans Company hit by 5.5m email attacks in 2019
The public body blocked and quarantined all the listed attempts.
Swift’s ISO 20022 migration set back a year to November 2022
“The new approach will avoid short-lived investments by customers,” says Swift.
Western Union signs up Integral for BankFX system
Integral will deploy in the cloud across Western Union Business Solutions.
Travelex owner Finablr prepares for insolvency
Finablr processed $115 billion in transactions in 2019, and more than 1,500 firms rely on it.
Challenger bank Arro Money to shut down in April
The challenger bank’s operator wants to go in a “new direction”.
Underpinned helps companies pay freelancers with Banked
“The number of people choosing freelance work has grown rapidly,” says UnderPinned CEO.
Al Ansari Exchange chooses Pelican’s AI-based AML solution
Al Ansari Exchange hopes to create “an industry-leading compliance framework”.
Yapeal awarded Switzerland’s first fintech licence
Challenger plans to reinvent retail banking in the country.
Mastercard and Samsung sign Pay on Demand partnership
The two firms aim to arm businesses in emerging markets.
Over one million users migrate from Yes Bank’s to ICICI Bank’s UPIs
The collapse of Yes Bank is causing ripple effects for UPI partners.
Who owns your data?
The answer to competition is not to block access to customer data.
Accuity buys London fintech Apply Financial
The deal builds on Accuity’s account validation solutions for FIs.
FCA issues coronavirus cryptocurrency scam warning
UK watchdog tells investors to be wary of deals too good to be true.
BandPay lands $2m to help musicians get paid
“This is a crucial investment,” says co-CEO.
Wirecard strikes again with Klarna payments partnership
Also this week, Wirecard teamed with Southeast Asian ride-sharing firm Grab.
Nets buys Polish payment provider PeP for $455m
PeP moves to Nets with expected net revenues of roughly $62 milllion for 2020.
Funding Circle plans to cut 125 jobs in Berlin and Amsterdam
P2P firm reacts to poor year in external markets by cutting back.
