North America fintech funding round-up: Klasha, Proper, Manzil and more
A handy round-up of the recent funding endeavours of fintech companies across North America.
North America
Credit unions comms platform Eltropy acquires video banking tech firm POPi/o
Together, Eltropy and POPi/o serve more than 400 credit unions in the US.
US-based paytech GTP acquired by MFS Africa
Following a $100m funding round last year, MFS Africa acquires US-based paytech GTP.
How Stilt is helping immigrants build a financially stable life in the US
FinTech Futures chats with Stilt co-founder Rohit Mittal about the firm’s aims to help immigrants in the US.
How Carefull aims to help older adults manage their finances effectively
FinTech Futures speaks with Carefull co-founder Todd Rovak about financial management for older adults.
EntreBank selects CSI’s NuPoint core banking platform
CSI will also provide EntreBank with managed IT services.
Ohio’s KeyBank appoints new tech executive
Navarro previously worked in a similar role at TD Bank.
Pagaya appoints former Barclays UK CEO as president
Ashok Vaswani, Pagaya’s new president, is a Barclays and Citibank veteran.
Crypto exchange Coinbase extends hiring pause and rescinds some job offers
The firm cites “current market conditions” as a reason behind the move.
US fintech funding round-up: Pebble, Arteria, Hardbacon & Digital Asset
A handy round-up of the recent funding endeavours of fintech companies across North America.
US-based Payoneer appoints John Caplan as co-CEO
Founded in 2005, Payoneer enables “borderless payments and growth” for digital businesses.
Mambu partners Brim Financial for new digital banking offering
Through the partnership, the firms will deliver a new digital banking platform in North America.
Payments fintech Bolt announces layoffs
The news follows a string of layoffs in the fintech space in recent weeks.
North America fintech funding round-up: equipifi, PayEngine & Moves
A handy round-up of the recent funding endeavours of fintech companies across North America.
iCapital expands its platform with Simon Markets acquisition
The deal is expected to close in the second half of 2022 pending regulatory approvals.
Capital markets fintech Clear Street lands $165m in Series B funding
The new funding takes the company’s valuation up to $1.7 billion.
Card-issuing platform Marqeta partners Evolve Bank & Trust
Evolve will support the full range of Marqeta’s card programme management capabilities.
Payments infrastructure provider Paddle snaps up ProfitWell for $200m
Paddle will integrate ProfitWell’s financial metrics, as well as its pricing and retention software.
Two US banks tap fintech Chimney to boost customer engagement
New York-based Chimney’s financial calculators help customers make “smarter” financial decisions.
Canadian Tire Bank taps Temenos for digital-first core banking upgrade
Canadian Tire Bank is looking to replace its legacy systems and modernise its operations.
US fintech Caribou lands $115m Series C at $1.1bn valuation
Caribou will use the new funding to invest in its platform, expand its team and develop new products.
Finance super-app M1 deploys Thought Machine’s Vault Core
M1 will deploy Thought Machine’s Vault Core to launch products from one unified, coherent “source of truth”.
SpotOn bags $300m Series F at $3.6bn valuation
SpotOn has raised $928 million in funding to date.
Allegacy FCU taps enterprise tech provider NCR for data analytics solution
Allegacy FCU says partnership will “make data actionable, unlock predictive insights and drive innovation”.
Agri lender SunStream taps Fiserv for lending operations modernisation
The Minnesota-based lender will move to Fiserv to meet the complex loan servicing needs of its shareholders.
FinTech Futures: Top five stories of the week – 20 May 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
ICYMI fintech funding round-up: CertifID, Bridgecard & Forward
A handy round-up of the recent funding endeavours of fintech companies across the globe.
LSEG to acquire market data solutions provider MayStreet
The acquisition is expected to close in H1 2022.
US fintech Current launches platform API with Plaid as first partner
Current’s platform API enables fintechs to build embedded financial services solutions quickly and easily.
Finbourne Technology hires Robert Byrne as CTO
The appointment follows the company’s recent expansion into North America and APAC.
BaaS start-up Unit raises $100m Series C, reaches $1.2bn valuation
The company intends to use the capital to “make it even easier for companies to launch and succeed”.
Hawaii State FCU taps Lumin Digital to enhance banking services
Hawaii State FCU will go live on Lumin Digital’s platform in June 2022.
Paying it forward: how Zirtue aims to remove the stress from relationship-based lending
FinTech Futures speaks with Zirtue co-founder and CEO Dennis Cail about tackling predatory lenders.
Blockchain fintech Oasis Pro lands $27m Series A
The company’s mission is “to bridge the world of traditional finance, blockchain and decentralised finance”.
Brazilian fintech Nomad raises $32m in Series B funding
Nomad previously raised a $20 million Series A round in July 2021.
Former Meta, PayPal chief launches Bitcoin payments start-up
Lightspark aims to “explore, build and extend the capabilities and utility of Bitcoin”.
Blockchain data platform Chainalysis raises $170m Series F
The Series F pegs Chainalysis’ valuation at $8.6 billion.
MPOWER Financing hires Wall Street exec as new head of capital markets
Zaki will lead strategic partnerships for the fintech firm as part of his new role.
Altro bags $18m in funding to help people build credit
Altro aims to help people build credit through recurring payments and subscriptions such as Netflix and Hulu.
Appian awarded $2bn in damages in trade secrets lawsuit
Appian believes the $2 billion judgement is the largest award in Virginia state court history.
