Banking Technology Magazine July / August 2022 issue out now
Cover story: MAKING THE DREAM WORK – Helping Ukraine in a planet-friendly way.
Europe
Recurring-revenue business lender Capchase secures $400m debt financing
The funds will be used to support SaaS start-ups across the US and Europe.
Deutsche Bank partners Abbove for wealth management services in Belgium
Abbove says the partnership marks another step in the wealthtech’s private banking development strategy.
Coremont hires Akbar Sheriff as new global COO and partner
Sheriff joins Coremont from State Street, where he held multiple global and regional leadership roles.
New European wealthtech Moniflo launches in beta
Moniflo says it aims to make investing “transparent, affordable, and for everyone”.
Consumer finance provider Home Credit appoints Jan Cenkr as group CIO
Home Credit is working towards the launch of its new Global Mobile App.
Digital asset management platform Safe raises $100m
Funds will enable the firm to grow an ecosystem of applications on top of its smart contract account protocol.
Recognise Bank taps TruNarrative for digital customer onboarding solution
The RiskNarrative platform will digitise a number of AML and KYC processes via a single API.
Digital insurer wefox raises $400m Series D funding
Funds will be used for product development and expanding across Europe, Asia and the US.
ING spins out digital post-trade market infrastructure tech to GMEX Group
GMEX intends to combine Pyctor with its MultiHub offering.
Klarna lands $800m funding as valuation cut to $6.7bn from $45.6bn last year
The firm says it “has not been immune to the significant downdrafts of fintech stock in public markets”.
Cross-border salary payments platform Kadmos nets €29m Series A
The new funds will be used to grow its 30-person team and for further product development.
FCA appoints six new directors as it embarks on “ambitious” new strategy
The appointments sit alongside the nearly 500 new staff hired this year.
Mambu partners Visa for end-to-end card issuing and processing
The company is developing an integration with Visa DPS.
Sid Jajodia appointed as Revolut’s new US CEO
Jajodia joined Revolut as chief banking officer in 2021 and will continue in this role alongside his new position.
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.
UK fintech Sonovate secures £165m securitisation deal
Sonovate says the deal will enable it to lend over £1.3 billion in invoices “this year alone”.
Europe fintech funding round-up: Currensea, Zeed, BKN301 and pfs
A handy round-up of the recent funding endeavours of fintech companies across Europe.
UK fintech Mode hires Jose Sanchez Loureda as CTO
Loureda will be tasked with helping Mode enhance its digital wallet offering.
AML software firm Lucinity raises $17m Series B funding
Lucinity says the funding will help expand its customer base, partner network and product offering.
Seedrs partners Form3 and LHV UK for real-time payments
The partnership will make it easier for retail investors to invest in European businesses, Seedrs says.
Profile Software unveils new core banking platform, Finuevo Core
Finuevo Core is the evolution of FMS.next, the vendor’s flagship core banking offering.
Nexo offers to buy crypto platform Vauld following “financial challenges”
The potential acquisition is pending a satisfactory outcome of the initiated due diligence process.
DND Finance launches UK’s first Shariah-certified credit card
The Score Mastercard enables new-to-UK users to transact and build up their credit history.
Worldline completes acquisition of Eurobank’s merchant acquiring business in Greece
As part of a joint venture with Eurobank, Worldline will hold an 80% stake in the new company.
Nigerian fintech Moove lands $20m from British International Investment
BII is the new name of CDC Group, the UK government’s development finance institution.
Oxbury Bank lands £20m in additional funding
The new cash injection takes the firm’s total capital raised to £68 million.
FCA proposes updated guidance to protect access to banking services
Banks and building societies will have to assess the impact of any reduction in the services they provide.
UK paytech GPS announces new senior leadership changes
Dewar was CEO at GPS for over four years, while Schultz joins over from Fiserv.
Ireland’s Synch partners Nexi for upcoming mobile payments platform
Synch provides an account-to-account (A2A) mobile payment solution for consumers and businesses in Ireland.
EU reaches agreement on crypto regulation proposal
The new regulation will help protect investors while allowing for continued innovation within the sector.
GoCardless to buy Latvian open banking platform Nordigen
The deal is expected to close later in the summer.
The Bank of London hires new co-president and group chief product officer
Tam Holmes joins from 10x Banking where he spent five years.
iBanFirst snaps up UK foreign exchange provider Cornhill
The firm hopes the deal will help SMBs across Europe tackle Brexit-related payment challenges.
London BNPL firm Zilch raises additional $50m in Series C extension
The extension follows an initial raise of $110m in November, which valued the company at more than $2bn.
OBIE report shows open banking and cloud accounting benefit SMEs
Cloud accounting makes small businesses feel more efficient, according to 84% of respondents.
Flowdesk bags $30m in Series A funding round
Flowdesk plans on using the new funds to grow and scale its platform.
Fintech Unlimint to become Telegram’s official payment provider
The integration will allow Telegram users to purchase services and goods directly through the messenger.
Atlantic Money secures payment institution approval in Belgium, eyes EU
The firm received approval to operate as a payment institution from the National Bank of Belgium (NBB).
Sustainable neobank Ashman lands UK banking licence
Birmingham-based firm plans on achieving full regulatory approval before starting operations.
