Klarna set to nearly double valuation to $10bn
Klarna is looking to raise half a billion from a mixture of new and old investors.
FinTech
Grab in talks for $300-500m AIA & Prudential investment
The up-to-$500-million target is to be spread over a number of rounds.
PSP fintech Mollie joins unicorn club with €90m Series B funding round
Mollie was bootstrapped until its first funding round last year.
Banking Technology September 2020 issue out now
Tipping point: Google vs Oracle showdown.
Cloud: the new frontier in banking
Demystifying the move to the cloud is the first step to becoming more agile.
Ex-Starling CTO’s start-up Ziglu launches crypto P2P payments
Ziglu insures digital assets against cyberattacks.
Back & middle-office disruptor LemonTree launches first product
The start-up is challenging clients to get up and running in 90 days.
Form3, Countingup and PPS create new SME offering
The SME market contributes around £2 trillion a year to the UK economy.
MarketFinance raises £50m to support CBILS “last minute dash”
Business lender plans to help applicants squeeze in before September deadline.
What the Fintech? Episode 13 | Commerce in the wake of COVID-19
Travis Skelly tells FinTech Futures all about how Citi Ventures evaluates ecommerce companies.
Neon raises $300m in Series C funding to offer underbanked credit
Brazilian challenger back secures Series C in same week as competitor Nubank.
Robinhood faces SEC probe over deal disclosure
US brokerage unicorn in hot water over order flow dealings.
Small challenger Jiko buys Minnesota bank
Instead of sitting in deposits, Jiko customer money sits in Treasury Bills.
Stopping malicious insiders with deception technology
A deception-based platform helps firms feel prepared for attacks from within.
Video: Top fintech stories this week – 04 September 2020
FinTech Futures’ weekly news round-up.
RTGS Global kicks into gear to disrupt correspondent banking
RTGS has built its system on Microsoft Azure.
OakNorth appoints Raj Cherabuddi as VP of engineering
Former Teradata man to lead development of OakNorth’s credit platform.
Monzo introduces ATM withdrawal fees
Users may have to pay a fee when withdrawing upwards of £250 from an ATM.
Banco del Sol goes live with Temenos Transact at the core
The Argentine challenger is aiming for SMEs in the near future.
Trade Republic launches share savings plan to rival incumbents
It claims to be the first to bring consumers the service for free.
Singapore fintech GoBear lays off 11% of workforce
The fintech landed $17 million in May,
Impact of COVID-19 on M&A activity in the fintech space
The market is pricing a more positive outlook for banks globally.
The time for reskilling is now: how to go about it in a post-pandemic world
We have just six months to prepare for the new work environment – let’s be strategic about our upskilling options.
How online identity verification can help telcos in the aftermath of COVID-19
Online ID verification enables telcos to securely & confidently onboard more users without a visit to a retail store.
Report: The total economic impact of Appway Onboarding for wealth management
Increased revenues and improved efficiency for internationally operating wealth management firms and private banks.
UK government proposes digital ID cards, yet to unveil private partners
The potential of a government digital ID in the UK could impact the fintech industry.
Brazilian challenger Nubank lands $300m
The raise was spotted in a SEC filing.
Four US digital trading apps experienced technical issues this week
It’s rare for as many as four digital brokerage platforms to experience issues all at the same time.
Wirecard sells communication services arm to German start-up IDnow
IDnow will keep the majority of the arm’s 150 employees.
Credit marketplace Auxmoney picks up €150m in new funding round
Existing investor Centerbridge now owns the majority of Auxmoney’s equity.
Aussie BNPL Zip closes $296m acquisition of US player QuadPay
“The US is a critical part of our global strategy,” says CEO.
Risky business
Everyone will have a part to play, but the risk teams will set the tone for what comes next.
Singapore’s cross-border transfer fintech Nium lands EMI in UK
Nium evolved from a consumer remittance service to a B2B offering.
NTT Ltd’s 2020 Global Customer Experience Benchmarking Report: the connected customer – delivering an effortless experience
What key business outcomes to focus on to provide a seamless and effortless CX journey.
Pan-African challenger Union54 to launch in 2021
Both Union54 and Zazu were founded by Perseus Mlambo.
Saudi Stock Exchange launches new markets on Nasdaq technology
Tadawul debuts derivatives market and clearing house.
Modulr is first non-bank to launch Confirmation of Payee
The second product launch by the fintech since its £10m grant.
Singapore fintech Atlantis enters India with challenger Neo
Atlantis believes market adoption in India will be particularly successful.
Revolut customers got paid late last week after technical glitch
Several users said they couldn’t get through to an agent.
Viva Republica raises $173m for “one-stop” financial app
The tech company plans to diversify financial market in South Korea
