UK crypto payments and banking platform BVNK lands $40m Series A
BVNK’s CEO says the funds will allow the company to “expand our services, markets and operations”.
Europe
Airwallex hires Pranav Sood to head up EMEA operations
Sood joins from GoCardless, where he was most recently vice president of small business.
UK government unveils new law to protect access to cash
Economic secretary to the Treasury John Glen says: “We know that access to cash is still vital for many people.”
Ebury acquires Bexs to expand its footprint in Brazil
With the acquisition, Ebury aims to expand its offerings in Brazil.
Bank of China’s Luxembourg arm picks ERI’s Olympic Banking System
The core banking system will be used to support BOC’s custody and clearing business.
UK fintech start-up Tumelo raises $19m Series A
Tumelo helps investment platforms, robo-advisors and pension providers engage investors with shareholder voting.
Oracle FS gains core banking tech clients in Europe and Africa
Oracle FS has landed new-name deals for its Flexcube core banking system in Portugal and Nigeria.
Thoma Bravo reportedly in takeover talks with Temenos
According to Bloomberg, Thoma Bravo has held initial takeover talks with the Swiss banking software provider.
Paddle raises $200m Series D round at unicorn valuation
The latest round brings Paddle’s total funding to date to $293 million.
Yapily to acquire fellow open banking firm finAPI
The deal is subject to regulatory approvals and is expected to complete in H2 2022.
New Glasgow-based trading app Strikes prepares for launch
Founded in 2021, the start-up aims to help retail options traders save time and money.
HCL snaps up Swiss wealth management firm Confinale
The deal will see HCL expand its footprint in the global wealth management market.
LexisNexis acquires anti-fraud behavioural biometrics firm BehavioSec
BehavioSec tracks mobile touchscreen signals to continuously authenticate identity and prevent fraud.
FinTech Futures: Top five stories of the week – 6 May 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Dutch challenger Bunq becomes EU’s second largest neobank with Tricount acquisition
Tricount is a group expense management app that allows users to balance their expenses with friends.
ICYMI funding round-up: Estateguru, SaaScada, tell.money, Cheq, GMEX & Bluezone
A handy round-up of the recent funding endeavours of fintech companies across the globe.
NatWest partners paytechs to offer new payment option via Variable Recurring Payments
The “industry first” deal will allow for transactions to be conducted near instantaneously.
UK credit fintech Pillar raises £13m pre-seed round
The round, led by Global Founders Capital and Backed VC, saw participation from a number of angels.
Paytech GoCardless hires former Mastercard exec Paul Stoddart as president
In his new role at GoCardless, Stoddart will oversee the strategy, sales, product, marketing and customer teams.
Salt Edge partners Azimut to launch investment app Beewise
The partnership will enable Beewise users to connect their existing bank accounts securely to the new app.
Italian BNPL platform Scalapay bags $27m in Series B extension
Scalapay has now raised $727 million in total funding to date.
Payments infrastructure start-up kevin. secures $65m Series A funding
The funding will be used to double the size of its team and develop new products.
NetGuardians tapped by Swiss bank LUKB to boost fraud prevention
LUKB will deploy NetGuardians’ AI-powered software as it looks to shore up its defences against payment fraud.
Payroll fintech Symmetrical.ai raises $18.5m in Series A funding
The round saw participation from Target Global, Global Founders Capital, Finch Capital and Partech, among others.
Fractional investment platform Investables readies for UK launch
Investables allows retail investors to purchase fractional shares in rare collectibles.
SEB lands first BaaS customer with Humla partnership
Fintech start-up Humla will be powered by a BaaS platform developed by SEB’s innovation studio SEBx.
Mobile tax app Taxfix lands unicorn status with $220m Series D funding
The round saw participation from Teachers’ Venture Growth, Index Ventures, Valar Ventures, Creandum and Redalpine.
Malcolm Leach joins SME financing marketplace Funding Options as CTO
The appointment comes after the firm experienced its strongest quarter since the start of the Covid-19 pandemic.
Europe fintech funding round-up: Previse, Qonto, Volume, Tuum & Monspire
A handy round-up of the recent funding endeavours of fintech companies across Europe.
Banking Circle acquires German A2A payments firm SEPAexpress
Banking Circle expects more than 20% of e-commerce transactions in Europe will be made via A2A payments by 2023.
New paytech start-up Saltare launches in the UK
Saltare aims to give large organisations the tools to pay suppliers and partners more quickly.
Banque Saudi Fransi and DSK Bank tap Backbase to revamp digital customer experiences
Both financial institutions are set to implement Backbase’s Engagement Banking Platform.
Edtech start-up Gimi teams up with ABN Amro to launch kids’ financial literacy app
The co-branded app is aimed at parents and youngsters between the ages of seven and 13.
Norway’s Signicat buys UK anti-fraud firm Sphonic
The company aims to be the go-to provider for digital identity and anti-financial crime services across Europe.
Funding Circle founder bags $30m for new paytech
The funding was raised at a pre-money valuation of $60 million, according to Sky News sources.
UK challenger Starling secures £130.5m funding at £2.5bn valuation
The challenger plans to “build a war chest for acquisitions”.
Mirabaud selects Temenos and Wealth Dynamix for digital transformation
Mirabaud’s planned digital transformation programme will take several years to fully implement.
Tom Hamilton joins investment fintech Bite as new chief information officer
Hamilton has more than 20 years worth of experience in senior leadership and information technology roles.
Irish fintech Fenergo acquires AML transaction monitoring start-up Sentinels
The acquisition, for an undisclosed sum, is set to strengthen the firm’s client lifecycle management platform.
Kiwi regtech start-up First AML lands £15.6m Series B, makes UK debut
The company’s co-founder Bion Behdin is relocating to its new London office.
