Amanda Mesler appointed chair of Swedish fintech Minna Technologies
The European fintech plans to “hyper-scale” and move into the US and Australia this year.
Europe
US fintech nCino tapped by Cambridge & Counties Bank for lending infrastructure upgrade
UK bank will look to utilise nCino’s end-to-end cloud-based platform.
Amazon U-turns on decision to ban UK-issued Visa credit cards
The eleventh-hour reprieve comes as both companies are “working closely” to reach a longer-term agreement.
Spend management platform Spendesk hits unicorn status with €100m funding
Spendesk will use the funding to nearly double its workforce.
Danish digital bank Lunar taps Thought Machine for Vault core banking solution
Lunar says it is building the “go-to app” for banking, payments and investments in the Nordic region.
House of Lords committee says UK digital pound is “solution in search of a problem”
The Economic Affairs Committee cited financial, privacy and data concerns over UK CBDC.
UK’s Financial Conduct Authority hands out £568m worth of fines in 2021
The scrutiny of large financial services giants formed part of the FCA’s broader strategy.
Retail finance platform Divido appoints Todd Latham as CEO
Latham has also held senior positions at American Express and Microsoft.
Sustainable energy platform EIT InnoEnergy gains first financial institution shareholder, ING
EIT InnoEnergy is supported by the European Institute of Innovation & Technology.
SIX, BIS and SNB conduct CBDC core banking integration test
Citi, Credit Suisse, Goldman Sachs, Hypothekarbank Lenzburg and UBS also took part in the experiment.
Matt Collinge joins start-up Sequence as CTO
UK-based start-up Sequence is “creating a new category of software”.
Ebury appoints HSBC innovation head Louise Chan as new COO
Chan is taking on an expanded role, covering operations, product, data and regulatory reporting.
GPS adds $100m to its latest funding round, appoints new chair
Global Processing Services (GPS) closes its latest funding round at over $400 million.
United Fintech acquires 25% stake in asset management platform Athena
The multi-stage acquisition deal is the company’s fourth acquisition in 14 months.
UK consumer lender Oplo acquired by challenger bank Tandem
Together, Tandem and Oplo will “create a fairer, greener digital bank”.
Travel BNPL fintech Fly Now Pay Later lands $75m debt funding package
The funding package will finance the UK fintech’s expansion into the United States.
Swiss digital assets bank SEBA raises $120m in Series C funding round
The round was co-led by a consortium of specialised blockchain and fintech investors.
French fintech Qonto secures €486m Series D funding to boost European growth
The bumper funding round takes the start-up’s valuation to €4.4 billion.
Checkout.com secures bumper $1bn Series D round at $40bn valuation to boost US growth
The paytech has now raised around $1.8 billion in total funding to date.
ABN Amro’s Christian Bornfeld to leave role as CI&TO in May
Bornfeld has been “instrumental in future-proofing the bank’s IT landscape”, says CEO.
Fintech start-up Twig raises $35m to support Web 3.0 plans
The London-based fintech intends to expand into the EU and US in 2022.
The impact of the contactless limit increase on financial inclusion
What does the contactless limit increase mean for the future of the payments industry and financial services?
Levenue acquires fellow Dutch financing platform Requr
Fintech says acquisition will make it the “go-to funding solution” for European subscription-based businesses.
SmartSearch appoints ex-Dow Jones exec as CEO as company founder steps down
SmartSearch founder and CEO John Dobson will be a non-executive director.
UK fintech sees record investment in 2021 following pandemic slump in 2020
Nearly half of all fintech investment in Europe was made in UK, Innovate Finance data shows.
Payroll automation start-up PayFit achieves unicorn status after €254m Series E
The fintech intends to hire 400 new employees across Europe in 2022.
How will the Green Claims Code affect you as a fintech?
The Green Claims Code legislation aims to eradicate greenwashing once and for all.
Swiss digital asset neobank Sygnum raises $90m in Series B round
“The digital asset economy is rapidly crossing the chasm to mainstream adoption,” says CEO.
Challenger bank Monument appoints new CEO as co-founder moves to corporate dev role
Ex-Barclays Ian Rand is Monument’s new chief executive officer.
UK paytech CellPoint raises $25m to expand internationally
The investment will also support the platform’s expansion into new market verticals.
Spanish neobank Unibo launches to cater for property managers
Unibo raised €500,000 in a seed round in November last year.
Credit Suisse poaches Goldman Sachs’ Joanne Hannaford to lead technology & operations
Hannaford spent 25 years at Goldman Sachs in London and New York.
How does the open banking initiative turn into a revolution?
For open banking to really flourish, it must address issues relating to consumer awareness.
2021: Top five mergers and acquisitions
FinTech Futures takes a look back at some of the year’s top mergers and acquisitions.
2021: Top five movers and shakers
FinTech Futures takes a look back at some of the year’s seminal hires and appointments.
Significant shifts in consumer behaviour create unique opportunities for Nordic merchants
With the steady decline of cash in the Nordics, it is increasingly vital for businesses to provide digital payment options.
NEAR Foundation hires fintech veteran Marieke Flament as CEO
Flament leaves her role as CEO of digital banking app Mettle by NatWest to join the Swiss foundation.
ICYMI funding round-up: pliant, CreditBook, CIRCA5000, and LiveFlow
Our weekly ‘In Case You Missed It’ funding round-up for you to get the latest funding news.
German fintech re:cap secures $111.5m seed round to launch financing platform
Funding is made up of a combination of growth capital and liquidity for its revenue-based financing platform.
Igor Kuschnir steps down as MD and CFO of Penta
Kuschnir joined Penta in 2017 following stints at Franzen and Company, Citi and Morgan Stanley.
