Open banking specialist Yapily appoints new CTO
Yapily has named Noam Oren its new CTO as it plans European expansion.
Europe
Virgin Money partners SurePay to implement Confirmation of Payee
Virgin Money says it chose SurePay due to its “extensive experience” in providing Confirmation of Payee solutions.
New trade finance bank Neotrade launches in the UK
Neotrade provides financing for SMEs using an AI-based scoring system.
New bank alternative, Fluid Finance, launches “revolutionary global super-app”
Fluid Finance offers “the world’s first bank alternative linked to your Web3 wallet”.
Fleetcor to acquire cross-border paytech Global Reach
Fleetcor has signed a definitive agreement to acquire UK-based Global Reach Group.
Swedish fintech start-up Juni raises $206m in funding and debt financing
Juni’s Series B funding round comprises $100 million in funding and $106 million in venture debt financing.
Europe fintech funding round-up: Cryptio, Fung, Financielle and more
This weekly fintech round-up brings to you funding news from around Europe.
Motive Partners invests €120m in digital banking tech vendor Backbase
Backbase has raised €120 million in growth equity funding, bringing its valuation to €2.5 billion.
Money 20/20 Europe: Mastercard’s open banking guru on payments and data
Jim Wadsworth discusses working with fintechs, open banking, becoming a paytech and safeguarding data.
Mambu supplies core banking tech to Western Union’s new mobile app, WU+
Western Union’s WU+ digital banking app is now live in Germany and Romania.
German wealthtech Trade Republic bags €250m in Series C extension
The extension round is based on a post-money valuation uplift to €5 billion from €4.4 billion.
Open banking fintech Bud closes $80m Series B funding round
The new funding will be used for further international expansion, Bud says.
New European entrant in banking and payments space – Monty Finance
Its two main products are MyMonty, a digital banking service, and MontyPay, a digital payment gateway system.
Societe Generale embarks on derivatives tech transformation with FIS
Societe Generale will transition its existing derivatives IT environment to FIS Cleared Derivatives Suite.
Swiss cantonal bank BLKB turns to NetGuardians to fight payment fraud
NetGuardians’ software is now used by more than 40% of all cantonal banks in Switzerland.
Temenos gains new paytech client in the UK, Optimus Cards
Temenos’ tech was chosen for its proven reliability, resilience, and flexibility, says CEO of Optimus Cards.
Challenger banks Allica and Plazo turn to Mambu for tech
Allica Bank is live with Mambu’s core, while Plazo will use the vendor’s tech to support its lending business.
LHV Group lands £30m to capitalise new UK bank
Part of the proceeds from the fundraise will be used to capitalise LHV’s new UK bank.
Ximedes acquires fellow Dutch fintech Ginger for European expansion
Ximedes, a Dutch software firm, has acquired Ginger, an Amsterdam-based online payment platform provider.
New super-app Rauva aims to fill Mediterranean online banking gap
Rauva plans to launch its app in early 2023, initially in Spain and Portugal.
UK money app Ziglu taps ClearBank for virtual bank accounts
The clearing bank will power Ziglu’s real-time processing and reporting for its GBP virtual accounts.
Money 20/20 Europe: Mode CEO Rita Liu on crypto adoption and regulation
Education and regulatory clarity are key to mass adoption of crypto, Mode CEO Rita Liu says.
Meet B4B Payments and Banking Circle at Money20/20 Europe in Amsterdam!
Introducing a top provider of issuing and payment solutions with full value chain-coverage and scalability.
German neobank Nuri becomes latest firm to announce layoffs
The challenger bank laid off 45 of its employees last month.
FinTech Futures Jobs: Three of the best UK tech hubs outside of London
Find your next fintech career move on the FinTech Futures job board today.
A2A paytech Trustly buys open banking platform Ecospend
Trustly is aiming to boost its footprint in the UK market, which it says “presents a dynamic ecosystem”.
Europe fintech funding round-up: Merge, Kapaga, Beanstalk and more
Our weekly fintech round-up for you to get the latest funding news from across Europe.
Mollie partners Plaid to boost onboarding for merchants
Mollie says the partnership will make it “easier and faster” to start receiving payments and open online stores.
Barclays to shutter 27 more branches, taking its total to 103 branch closures for the year
As customers increasingly bank digitally, Barclays is “carefully reducing” the number of underused branches.
UK paytech GPS appoints Jill Docherty as director of global partnerships
Docherty will sit on GPS’ global executive committee overseeing all GPS ecosystem partners.
Stephen Lancaster appointed CEO at GB Bank
Lancaster will be responsible for leading GB Bank as it gears up for launch in Q3 2022.
Neobank Kroo lands £26m in Series B funding round
Kroo says it will use the funding to further its growth and development.
Dutch fintech Mollie hires Koen Köppen as new CTO to boost tech innovation
Prior to Mollie, Köppen spent over a decade at Klarna.
Former Mastercard EVP Kush Saxena appointed as new CEO of PagoNxt Merchant Solutions
Kush Saxena will step into his new role in mid-June.
UK payments platform xpate launches core banking system
Xpate says legacy IT platforms threaten the efficiency and profitability of merchants and acquirers.
Sentinels tapped by Dutch neobank Brand New Day to scale its AML controls
Brand New Day has partnered with Sentinels to build a “future-proof” compliance infrastructure.
Credit Agricole Bank Polska launches new app with Efigence
The app will be developed further with new services being added on to it in due course.
Commodity hedging platform Stable secures $60m Series B
Stable bills itself as a way for agribusinesses to “protect themselves from volatile commodity prices”.
German B2B BNPL firm Mondu lands $43m in Series A round
The company has raised $57 million in total funding to date.
Lending platform kennek partners Mambu for B2B ‘lender-in-a-box’ solution
The new ‘plug-and-play’ credit infrastructure is targeted at alternative lender and credit investor firms.
