ICYMI fintech funding round-up: Ascendant, Evergreen, Kwara, Pilon & more
Featuring Ascendant, Evergreen, Komunal, Kwara, Pilon, and Sprinque.
Payments
Why the increased adoption of PvP settlement will enhance cross-border payments
PvP guarantees both parties involved in a transaction get paid at the same time as one another.
Aussie start-ups Alii and Bloom raise funds
Alii and Bloom Impact Investing, two start-ups based in Brisbane, have reported cash injections.
FinTech Futures: Top five stories of the week – 20 January 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
FinTech Futures Jobs: Is procrastination killing your work ethic?
Explore thousands of open roles on the Fintech Futures Job Board today.
US DoJ charges crypto exchange founder over alleged illicit fund transfers
The DoJ alleges Bitzlato processed more than $700m in illicit funds.
India’s PhonePe lands $350m from General Atlantic at $12bn valuation
PhonePe expects to raise a total of $1 billion in funding, with other firms set to invest next month.
Payoneer names former Webster Bank exec Bea Ordonez as next CFO
Ordonez will assume the role of CFO once current CFO Michael Levine steps down in March.
Indian government set to spend $320m to boost adoption of digital payments
The government hopes its plan will facilitate the development of “a robust digital payment ecosystem”.
New paytech Enza launches in Africa
Enza aims to provide payment solutions to firms that want to enable customers to accept or make digital payments.
Get recognition at this year’s Banking Tech Awards USA
Nominations for the 2023 awards are now open – apply today!
Alipay partners Splitit for ‘pay after delivery’ offering
The service will initially launch in Germany, France and Spain, with plans to expand into other global markets.
Goldman Sachs loses $3bn over three years on platform solutions business
Reuters reports the firm outlined a pre-tax loss of $1.2bn for the first nine months of 2022.
UK fintech Paddle cuts 8% of workforce
Founder and CEO Christian Owens says the firm is looking to “adapt to what will be leaner times going forward”.
Nexi taps IBM to upgrade core payments infrastructure
Nexi will utilise the tech giant’s IBM z16 and IBM Storage System offerings.
New consumer lending fintech Salmon launches in the Philippines
Salmon claims to have over 2,000 customers and over 30 merchant partners for its lending product.
Aussie paytech Till Payments cuts 120 staff
AFR reports the firm has also appointed three new board members and plans to go public.
FinTech Futures: Top five stories of the week – 13 January 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
American Express buys Israeli B2B payments automation start-up Nipendo
Amex plans to “integrate Nipendo’s team, technology and capabilities” to boost its B2B payments offerings.
ICYMI fintech funding round-up: Butter, Mondu, kompasbank and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
PayQuicker appoints Nazuk Jain to lead product development
Jain will build out the firm’s product team and manage its expanding product roadmap.
Healthcare paytech Paytient lands $40.5m Series B
The round consists of $33m in equity and $7.5m in debt from Silicon Valley Bank.
Allied Payment Network appoints Kathi Klawitter as COO
Kathi Klawitter joins Allied Payment Network from banking and payments tech heavyweight Fiserv.
Swiss payment app Twint taps NetGuardians for fraud prevention boost
Software leverages behavioural analytics, machine learning and artificial intelligence to detect anomalous payments.
Africa’s Flutterwave reportedly in bid to acquire British fintech Railsr
An insider reportedly told Sky News that there was “heavy competition for the asset”.
Nuvei to acquire Paya for $1.3bn
With Paya’s acquisition, Nuvei expects to capitalise on domestic and global payments opportunities.
Allianz, Santander CIB and Two partner for corporate BNPL solution
The solution means corporates can now offer business buyers deferred payments at checkout through a single API.
PayTech Awards 2023 now open for nominations
PayTech Awards are open to banks, financial institutions, paytech software & services providers worldwide.
Decentralised paytech Clowd9 taps Netcetera as payment security provider
Netcetera’s 3D secure server solution reduces the risk of non-authenticated transactions.
Ex-Nordea exec Erik Zingmark joins Loomis Pay as CEO
Zingmark joins Loomis Pay from Nordea, where he worked for over eight years in various roles.
ACI Worldwide mulls potential sale
The payments software firm is working with financial advisors as it gauges interest levels, sources tell Bloomberg.
Crypto API provider Wyre reportedly shuttering
The news comes after Wyre was set to be acquired by e-commerce checkout fintech Bolt in April last year for $1.5bn.
FinTech Futures: Top five stories of the week – 6 January 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
BharatPe CEO Suhail Sameer steps down
In a statement, BharatPe says that Sameer will “transition” from CEO to strategic advisor on 7 January 2023.
Japan’s Smartpay launches open banking digital payments service
Smartpay claims it is the first digital consumer finance firm to utilise Japan’s open banking system.
eBook: Back to the future – 8 features of fast and future-proof BNPL technology
Discover what tools you need to get ahead and stay ahead as BNPL grows its market share.
GoLogiq and GammaRey merge to focus on millennial wealth management
The combined firm has plans to focus on the burgeoning market of wealth management aimed at Gen Z and millennials.
The Clearing House appoints David Watson as CEO
Watson joins The Clearing House from Swift, and will take up the new role from 1 February 2023.
Swift names Stephen Grainger as chief executive for Americas and UK
Grainger brings 20 years of banking and payments experience to his new role.
Cross-border paytech Cornerstone sheds e-money subsidiary in £600k deal
Cornerstone CEO James Hickman says the deal “reflects the value of an e-money registration as well as our platform”.
