Merck commits $20m to CNote to support underserved communities in the US
The money will go to underserved communities in regions where Merck currently operates.
Business-to-Business/B2B
Funding Circle forms lending partnership with Bayview Asset Management
The partnership aims to support “thousands” of UK small and medium-sized enterprises (SMEs).
Apiture partners Newtek to provide digital banking services to businesses
The Apiture Digital Banking Platform will provide business banking and account opening solutions.
Billtrust snapped up by EQT Private Equity in $1.7bn deal
The deal, set to close in Q1 2023, will see Billtrust become a private company.
Video: QuickFi at FinovateFall 2022 – The evolution of business equipment financing
We chat with QuickFi’s Bill Verhelle about the firm’s new tech developments and growth plans.
AccessFintech raises $60m in Series C funding
The Series C funding round was led by WestCap.
Payoneer appoints Assaf Ronen as its new chief platform officer
In his new role, Ronen will lead Payoneer’s newly created platform division.
BankiFi appoints Danny Piangerelli as its new CTO
Piangerelli will oversee all aspects of technology including engineering, architecture and infrastructure.
Banc of California buys Deepstack Technologies for $24m
Banc of California paid $24 million for the acquisition, with 70% in cash and 30% in stock.
Could the UK PSR’s review of card fees boost B2B credit card payments?
Businesses are foggier on the cost of their credit card payments than any other payment type.
Fintech platform for freight and logistics, Denim, closes $126m Series B
Denim automates invoicing, collections and payments, claiming to reduce daily payments and collections tasks by 75%.
New fintech platform Ratio emerges from stealth raising $411m
The start-up has raised $11 million in venture funding and $400 million in a credit facility.
US credit card start-up Power raises $316m funding
The start-up has raised $300 million in a credit facility and $16.1 million in seed funding.
US fintech Kafene lands $18m in Series B funding
The new funding will be used to increase Kafene’s employee headcount and onboard more merchants onto its platform.
JP Morgan to acquire US paytech firm Renovite
Once the acquisition is complete, Renovite will become part of JP Morgan Payments.
FNZ set to acquire German wealthtech provider Diamos
The acquisition will equip FNZ with additional wealth management product and service solutions.
Paytech firm Cantaloupe announces executive leadership changes
Ravi Venkatesan will take over as CEO with Sean Feeney set to retire at the end of September.
ICYMI fintech funding round-up: R2, NowNow and Hive Wealth
Our weekly fintech round-up for you to get the latest funding news from around the world.
US fintech Allvue names Dan Streetman as its new CEO
Streetman will be tasked with leading the company’s culture, strategy, operations and expansion plans.
Mesh Payments lands $60m in Series C funding
The new money will be used to expand its go-to-market efforts and accelerate product innovation.
Mexican fintech Clip lands $50m credit facility from top banks
The funding will be used to “improve financial access” for Mexican businesses.
Liberty Bank to launch new digital bank for small businesses next year
The new digital bank for small businesses will operate as a separate entity under Liberty Bank.
US fintech Carta snaps up UK counterpart Capdesk
Together, the firms also have plans to expand into new markets such as India and Singapore.
US fintech start-up Solid lands $63m in Series B funding
The round was led by FTV Capital, with existing investor Headline also participating.
C2FO and Vic.ai team up for AI-powered invoicing solution
The partnership aims to streamline the invoice-to-cash payment cycle for businesses.
First Federal Bank of Kansas City debuts new digital banking platform
The new digital offering is powered by enterprise solutions provider Narmi.
CSI sold to two private investment firms in $1.6bn deal
The deal is expected to close in Q4 2022.
Paytech start-up CabbagePay launches in the US
The firm’s prebuilt CabbageLink technology can be integrated into mobile apps and online stores.
US paytech Celero snaps up Community Bankers Merchant Services
With the acquisition, Celero says it will serve 53,000+ merchants in the US, processing $21bn in annual card volume.
MVB Financial set to acquire Integrated Financial Holdings for $98m
MVB Financial is aiming to grow its government guaranteed lending business.
Paytech firm Elavon hires Hemlata Narasimhan as president of European operations
Narasimhan previously served as senior vice president of Visa’s merchant and acquiring business in Europe.
OpenFin appoints new chief digital officer, Vicky Sanders
Sanders will drive OpenFin’s digital transformation efforts for end-users across its ecosystem.
Lendflow partners Ocrolus to streamline credit decisioning
Ocrolus’ document automation technology will help Lendflow better analyse more data.
Paytech Nium appoints Ramana Satyavarapu as new CTO
In his new role, Satyavarapu will be responsible for managing Nium’s global engineering and technology strategy.
Klasha names former PayPal exec Ayman Jawhar as new CPO
Jawhar’s appointment follows the recent hiring of Nile Younis as Klasha’s new chief commercial officer.
US paytech Finix lands $30m funding at increased valuation
Finix raised the capital at an increased valuation “despite the more challenging economic environment this year”.
PayTech Awards 2022 Winner: Crezco – Best Real-Time Payments Solution for Business
Get paid faster and reconcile invoices automatically with instant open banking payments.
KeyBank taps BlueSnap to facilitate cross-border e-commerce payments
KeyBank says BlueSnap’s operating model will give clients the flexibility to process global payments.
CIBC partners MX for fintech customer data access agreement
CIBC customers will be able to securely share their financial data with third-party fintechs via an API.
Payments veteran Steve Ledford retires, leaves The Clearing House
The self-described “payments nerd” says he is leaving the payments industry after 41 years.
