Nigerian fintech FairMoney lands $42m Series B round
The start-up plans to “double down on growth in Nigeria and India”.
Asia
Pakistan’s UBL picks Temenos Infinity for digital banking transformation
Temenos wins another customer in Pakistan, NdcTech to implement.
Commercial Bank of Kuwait picks TCS treasury solution
The Middle Eastern bank is looking to transform its treasury operations.
Tide expands to India with £100m investment and RBL Bank partnership
UK business bank aims to “unleash” the potential of Indian SMEs.
Customer-centric fintechs will reshape South East Asian commerce
There are huge opportunities right now for fintechs looking to South East Asia.
Isbank deploys H2O AI platform for cash forecasting and default prediction
Turkish bank gives automated system the go-ahead after successful pilot.
Super intelligence as the future of financial services
A summary of the key insights from the Huawei Intelligent Finance Summit 2021.
Indian fintech start-up FamPay lands $38m in Series A round
The Bengaluru-based firm is aiming to build India’s first neobank for teenagers.
Société Générale plans transaction banking switch-up with Temenos
The French giant will deploy Temenos systems across Europe and Asia.
Wipro hires former Yes Bank exec Anup Purohit as new CIO
Purohit has previously worked in leadership roles at RBL, Barclays and JPMC.
Payments fintech Cashfree lands investment from State Bank of India
Cashfree claims to process more than $20 billion annually.
Sri Lanka’s NDB Bank deploys video KYC with OneConnect and Axion
The bank aims to comply with new regulatory mandates.
Indonesian digital bank Jago signs cloud banking deal with Mambu
Newly-branded digital bank seeks to capitalise on recent success with new platform.
Commerzbank confirms first commercial transactions on Marco Polo network
Commerzbank, İşbank, LBBW and two corporates have completed transactions ahead of a launch.
Finja lands Series A investment from Habib Bank in Pakistan
HBL joins other fintech funds invested in Finja including BeeNext, and Vostok Emerging Finance.
JS Bank unveils Pakistan’s “first ever” digital cheque service
It allows customers to write and issue a check “instantly”.
Asia Alliance Bank becomes second ICSFS client in Uzbekistan
New system selection hot on the heels of Trustbank at the start of the month.
Pine Labs raises $285m in venture funding to reach $3bn valuation
Merchant payments platform Pine Labs plans regional expansion.
Google Pay dips toe in cross-border market with Western Union, Wise
India, Singapore, and the US to be first countries trialled for remittances switch.
Uzbekistan’s Trustbank plans Islamic banking first with ICSFS
The bank claims to be the first in Uzbekistan to offer new Islamic services.
Blackstone to acquire additional stake worth $2.8bn in IT firm Mphasis
Blackstone intends to build Mphasis into a $10 billion-valued company.
Fi partners with Federal Bank to launch neobank for millennials
Features include a flexible deposit product and rewards for saving money.
Revolut hires Paroma Chatterjee as CEO India
The UK fintech aims to create 300 new Indian jobs.
FIS expands payment processing in Malaysia, South Africa and Nigeria
“Emerging markets across Southeast Asia and Africa present fresh opportunities”.
SoftBank in talks to turn Indian payments firm Zeta into a unicorn
If finalised, the investment would come through SoftBank Vision Fund 2.
Pine Labs acquires digital payments start-up Fave in $45m deal
Indian payments firm snaps up Fave to introduce the latter to India.
Fintech funding deals globally 5-11 April 2021
Featuring CRED, OneStream Software, Loopio, Patreon, and Ramp.
Tide signs deal with RBL Bank to underpin Indian expansion
The UK firm is seeking 25,000 new customers in the country.
Fintech funding deals globally 29 March – 4 April 2021
Featuring HighRadius, Next Insurance, dLocal, Pipe Dream Technologies, and Paidy.
Finch Capital acquires Wirecard’s Turkish operations
Investment firm sets up new payments brand in Turkey.
Indian fintech lender KreditBee boosts record Series C with extra $70m
KreditBee’s fresh funding also saw the exit of Finnov’s Chinese investors.
Sheroes Money is banking on India’s female entrepreneurs
India is home to just two self-made female billionaires.
New central bank rules push Pakistan’s banks towards digital payments
All Pakistani banks will need to provide debit cards to users who don’t already have one.
Wipro signs off on $1.45bn acquisition of Capco
Indian IT giant wants to grow in Europe and Asia.
Indian start-up Zaggle registers new fintech ZikZuk to offer SMEs credit
In the next two years, ZikZuk intends to take itself across the globe.
Ethical challenger algbra banks on tech to define it in “fintech gold rush”
“We’re building a backend on a global level,” says co-founder.
India’s central bank to stop digital platforms from storing card details
It will affect players as large as Amazon, Google, and Flipkart.
Indian challenger Open buys Optobizz, banks another 800,000 SMEs
By the end of this year, Open wants to turn 1.8m into 5m customers.
Oraan CEO: Women in finance weren’t welcomed in Pakistan
Oraan’s research found that savings – particularly for women – just wasn’t tapped into.
Fintech funding deals globally 8-14 February 2021
Featuring Fraction, BharatPe, Agibank, Monzo, and Coinsquare.
