ICYMI fintech funding round-up: Wingspan, Monite, Fundpath and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Consumer/Personal Finance
The future of banks is not banking…
Defining the future of banks is much more complex now than it has ever been.
Spanish fintech ID Finance lands €30m equity funding
ID Finance claims its fundraise is the biggest received by a Spanish fintech in 2023.
Employee financial wellness start-up Rain lands $116m in equity and debt
The total funding is made up of a $66 million Series A equity round and a $50 million debt facility.
Loyalty matters… enter embedded banking
Many big brands are now looking at embedded banking as a way to boost customer loyalty.
What the FinTech? | S.4 Episode 4 | The rise of CBDCs
In this episode of the podcast, we’re joined by Nicholas Soo of HSBC to discuss the future of CBDCs.
US fintech Credit Karma launches new Net Worth product
Credit Karma’s users will be given a full picture of their financial status to help them plan their future.
FinTech Futures: Top five stories of the week – 10 March 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
US neobank HMBradley picks Thought Machine for core banking tech
HMBradley will utilise the vendor’s cloud-native core banking platform Vault Core to power its services.
US student debt fintech Candidly raises $20.5m in Series B funding
The funding round was led by Altos Ventures, with existing investor Cercano Management also participating.
Budgeting app Buddy taps Klarna Kosma for automatic expense tracking
The partnership has resulted in 52% more monthly active users for Buddy, Klarna Kosma says.
The B-word
I have never known a technology to divide opinion as much as blockchain.
ICYMI fintech funding round-up: Archway, Finway, iLex and more
A handy round-up of all the latest funding endeavours by fintech companies across the world.
Canadian insurance and investment fintech Equisoft lands $125m in funding
The funding saw participation from new investors Investissement Québec and the government of Québec.
BNPL giant Klarna posts £1bn loss for 2022
Despite the loss, the firm says it is edging towards profitability thanks to growth in its gross merchandise volume.
Tudi taps ThetaRay for transaction monitoring solution
Through the partnership, ThetaRay will provide Tudi its Sonar transaction monitoring solution.
Remitly to wind down digital banking app Passbook
All Passbook accounts will be closed on 1 May 2023.
What the FinTech? | S.4 Episode 3 | Generative AI in banking
In this episode, we’re joined by Miguel Navarro to discuss how generative AI could impact financial services.
Wells Fargo launches digital financial planning platform LifeSync
LifeSync, available from March, will sit within the Wells Fargo mobile app.
FinTech Futures Jobs: Four boundaries you should implement at work right now
Explore thousands of open roles on the Fintech Futures Job Board today.
Buy now, worry about it later: the future of BNPL
Buy now, pay later – is there a more apt fintech application for our times than BNPL?
Citizens Financial Group taps Paymentus for bill pay and money movement services
Through the partnership, Citizens will deploy Paymentus Bill Center and Paymentus Loan Payments.
Laurentian Bank launches new credit card programme with Brim Financial
Laurentian Bank says the new credit card programme will “enhance the overall experience” of its customers.
ICYMI fintech funding round-up: Fierce, Wisor AI, Cenoa & Habitto
Our weekly In Case You Missed It (ICYMI) funding round-up for you to get the latest funding news.
US fintech funding round-up: Wink, Blip, Upwardli and Inkle
A handy round-up of the recent funding endeavours of fintech companies across the US.
BNPL fintech Affirm lays off 19% of workforce, nixes crypto offering
The company intends to double down on its core business while “sunsetting” initiatives including Affirm Crypto.
Inter&Co acquires real estate investment start-up YellowFi
Inter&Co provides financial services through its ‘super-app’ to more than 25 million users.
CFPB proposes new rule to curb excessive credit card late fees
According to CFPB estimates, excessive fees cost American families about $12 billion each year.
Non-profit Commonwealth begins second phase of partnership with JP Morgan Chase
Commonwealth and JP Morgan Chase are examining how new tech can reduce wealth inequality in the US.
US fintech Stash appoints Liza Landsman as new CEO
Prior to joining Stash, Landsman served as general partner at NEA, a global venture capital firm.
In 2023, payments will provide momentum for open banking adoption
Today, regulators are very focused on promoting competition and alternatives to card payments.
PayPal to lay off 2,000 staff over the next few weeks
The job cuts will see PayPal reduce its total staff headcount be around 7%.
Marqeta makes first M&A foray with $275m Power Finance deal
The acquisition, Marqeta’s first, will “significantly boost” the firm’s credit product capabilities.
Turkey’s Quick Finans taps Provenir for data and risk decisioning platform
Quick Finans selected Provenir’s tech to enhance its customer onboarding process.
US fintech DailyPay lands $260m funding to fuel growth
The company will look to boost domestic growth, expand internationally and invest in product innovation.
Kueski names ex-Stripe exec Fausto Ibarra as chief product officer
Ibarra brings over 20 years of experience, most recently serving as Stripe’s head of product for Latin America.
Video: Envestnet at Money20/20 USA – Harnessing data to improve financial wellness
We chat with Farouk Ferchichi and Eric Jamison of Envestnet about the importance of data aggregation.
FCA greenlights Nova Credit to provide credit references for new arrivals
Nova Passport collates cross-border credit bureau data to help businesses underwrite new-to-country individuals.
FNZ acquires wealthtech start-up YieldX
YieldX’s fixed income portfolio management technology will be integrated into FNZ’s wealth platform.
FinTech Futures Jobs: Is procrastination killing your work ethic?
Explore thousands of open roles on the Fintech Futures Job Board today.
