Passive micro-investing app upnup launches in South Africa
The company says micro-investing is a good first step into the space, providing “investment on auto-pilot”.
Start-up
Valley National Bancorp invests $25m in fintech-focused VC The Garage
The Garage builds and invests in early-stage start-ups in fintech, artificial intelligence and cyber.
Indian wealthtech platform Dezerv bags $21m Series A
The new funding has raised the company’s valuation to $100 million.
UK challenger Dozens set to close by end of the month
The Dozens app is set to close by the end of August.
No more cheerleaders and today’s need for ‘founder fit’
Founders need to take their time considering investors and carry out extensive due diligence processes.
Mexican start-up Clara lands $150m debt financing from Goldman Sachs
The debt financing will boost its lending operations and accelerate its expansion throughout Latin America.
Singapore’s UNOAsia raises funds ahead of digital bank full launch
The firm is gearing up for the commercial launch of UNO Digital Bank in the Philippines.
Cartoon: Dancing in the rain
This new cartoon illustrates how different companies are dealing with the onset of the recession.
Geopagos lands $35m to expand Latin American footprint
Geopagos says the round marks its first institutional financing.
South Asia fintech funding round-up: Twid, Jify, OneLoad and Bluecopa
A handy round-up of recent funding endeavours of fintech companies across India and Pakistan.
US fintech GloriFi to trade publicly following $1.7bn SPAC merger with DHC
The new combined business will be worth approximately $1.7bn with the deal expected to close in Q1 2023.
Treasure Financial and Grasshopper Bank team up to improve financial visibility for businesses
The new platform will allow businesses to optimise the rate they’re generating on their cash balances.
ICYMI fintech funding round-up: Wombat, Atlantic Money, Fairbanc and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Green fintech start-up Tred launches new carbon-tracking banking app
At the end of each month, Tred users are nudged to offset any carbon their spending has emitted.
Social investing start-up Shares bags $40m in Series B funding round
The new funds will be used for product development and to fuel its global expansion plans.
B2B e-commerce paytech Balance raises $56m in Series B round
The fresh capital takes the company’s total funding to $87 million.
Al Sanam Islamic Bank selects ICS Banks core banking system
Al Sanam Islamic Bank is a newly-established Islamic bank in Iraq.
Pennyworth partners Moneyhub for financial planning tool
The offering is targeted towards those with salaries between £40,000 and £150,000.
TomoCredit bags $122m funding to expand product offerings
Investors include Morgan Stanley’s Next Level Fund and Mastercard.
Digital challenger Varo Bank lays off 75 employees in effort to cut costs
CEO Colin Walsh says the firm is “not immune to the impacts of our current environment”.
Aussie paytech mx51 raises $22m Series B
The Series B round was led by an undisclosed “global fintech investor”.
Credit card start-up X1 raises $25m Series B, readies for full US launch
The Series B round was led by Google Analytics co-founder Wesley Chan’s new fund FPV Ventures.
Remittance start-up SendSprint launches in UK in partnership with Flutterwave
Flutterwave will provide the infrastructure to enable SendSprint to process cross-border transactions.
Europe fintech funding round-up: Quartr, ID-Pal, Oper and Fuell
Our weekly fintech round-up for you to get the latest funding news from around Europe.
How Zolve is helping US immigrants land on their feet
Zolve helps immigrants accelerate their financial health through products that build wealth in the long run.
New paytech Argyle Payments launches in the US
Argyle will support payments for small and midsize merchants in “high-margin” specialty markets.
Banking Technology Magazine July / August 2022 issue out now
Cover story: MAKING THE DREAM WORK – Helping Ukraine in a planet-friendly way.
Recurring-revenue business lender Capchase secures $400m debt financing
The funds will be used to support SaaS start-ups across the US and Europe.
New European wealthtech Moniflo launches in beta
Moniflo says it aims to make investing “transparent, affordable, and for everyone”.
US banking start-up BetaBank taps Finxact for cloud-native core
Chicago-based BetaBank submitted its banking charter application in April this year.
Crédit Agricole builds its own fintechs
Crédit Agricole launched a start-up studio, La Fabrique, to build its own fintechs and disrupt the sector.
Three things you probably didn’t know about Brazil’s growing fintech sector
Millions of Brazilians can now gain access to a financial system that traditionally excluded them.
Deuna lands $30m in Series A funding round
Deuna plans to use the funds to expand into Latin America, develop its product and hire new talent.
GoHenry acquires French fintech Pixpay to drive European expansion
Both firms will continue to operate under their own brands with no change in leadership or headcount.
ICYMI funding round-up: MarketWolf, Pina, Deshe and Sava
A handy round-up of the recent funding endeavours of fintech companies across the world.
UAE’s YAP secures $41m to support continued expansion
Start-up says the funding will support expansion into Saudi Arabia, Pakistan, Ghana and Egypt.
New digital payment platform Kasheesh launches in US
Kasheesh reduces the cost burden on individual cards and helps users build their credit scores.
Oxbury Bank lands £20m in additional funding
The new cash injection takes the firm’s total capital raised to £68 million.
Dubai’s Careem acquires money transfer platform Denarii
Careem plans to offer “simple and affordable international remittance services” through its super-app.
Know what you code: the most important factor to launching a successful FinOps start-up
Use the tools of the trade to build your start-up from the ground up. Give your customers what they want. Lead by example.
